Purchasing Managers: Salary, Job Description, How To Be One and More

Stanley TanLeave a Comment



Purchasing Managers jobs information
pros and cons of being a Purchasing Manager

Purchasing Managers

Other names for this job might include Buyer, Circuit Rider, Circuit Walker, Commissary Superintendent, Commodity Manager, Contract Administrator, Contract Coordinator, Contract Manager, Contracting Manager, Contracting Officer


  • $114130
    Salary
  • 73%
    Job satisfaction
  • Quite Hard
    Becoming one
  • Low
    Job growth
OwlGuru Rank

A



Purchasing Managers: Know It All In 1 Minute


In this career summary, you will find out what the job of A Purchasing Manager is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Purchasing Managers plan, direct, or coordinate the activities of buyers, purchasing officers, and related workers involved in purchasing materials, products, and services. Includes wholesale or retail trade merchandising managers and procurement managers.

  • Represent companies in negotiating contracts and formulating policies with suppliers.
  • Direct and coordinate activities of personnel engaged in buying, selling, and distributing materials, equipment, machinery, and supplies.
  • Interview and hire staff, and oversee staff training.
  • Locate vendors of materials, equipment or supplies, and interview them to determine product availability and terms of sales.

Read more about what does A Purchasing Manager really do at work and what is it like being and working as one.


Become one

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Salary

Average salary
$114130 per year

Hourly wage
$54.87 an hour


Purchasing Managers with little to no experience tend to make between $60830 and $79860 while the more experienced ones make over $139080 per year.

Top 5 paying statesHourlyAnnual
DE$65.93$137140
NJ$65.88$137020
RI$63.83$132760
MO$63.75$132610
TX$63.61$132310

1 of the easiest ways to increase your salary as A Purchasing Manager is to move to a higher paying state like DE. Right now, the highest paying states for Purchasing Managers are DE, NJ, RI, MO and TX.

However a higher pay at DE doesn’t guarantee that you will make more because the living expenses at DE might be 2x higher than where you are currently at now.

3 other factors that can increase your salary as A Purchasing Manager is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).

Find out how much do successful Purchasing Managers make and if their salary is high when compared to all the other careers.


Requirements

Recommended degree level
Bachelor’s Degree

We asked other Purchasing Managers what degree they had when they got the job and most of them said they had a Bachelors degree followed by Associates degree.

Other than that we also asked them what did they major in and here are the most popular majors that came up.

Purchasing, Procurement/Acquisitions and Contracts Management

Another popular question from our readers is what makes A Purchasing Manager successful or would they be good in this career.

Well, we found that most successful Purchasing Managers have these 5 skillsets.

Coordination
Active Listening
Speaking
Critical Thinking
Social Perceptiveness

In addition to that, 1 common characteristic among successful Purchasing Managers is they are good at Integrity. Here are the top 5 common characteristics.

Integrity
Self Control
Dependability
Initiative
Stress Tolerance
= Hot in-demand that most employers are looking for

Read more about what it really takes to become A Purchasing Manager and the degree, training and education you need


Pros and Cons

Here are some reasons why you should and shouldn’t choose A Purchasing Manager as your career.

PROS
Suitable for people who likes to start and carry out projects
Suitable for people who wants job security and a good working condition
This career is perfect for people who love to work indoors.
One of the highest paid careers in the world
CONS
Not suitable for people who likes to work with designs
It is hard to get into this career. A considerable amount of workrelated skill, knowledge, or experience is required for this career.
Demand for this career is growing very slowly
Long working hours (More than 40 hours per week)


There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.

A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.



What is the job like

Job satisfaction
73%

Is this job meaningful
49%


Working hours
More than 40 hours per week

Working schedule
Regular (Set schedule and routine)


On a normal working week Purchasing Managers work More than 40 hours per week.

73% of Purchasing Managers said they were satisfied with their job and 49% said they feel like their job is making other people’s lives better.



Is this right for me

Best personality for this career
The Persuaders and The Organizers


You can read more about these career personality types here.

People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.

They also like following set procedures and routines. They like working with data and details more than with ideas.



How we can help

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Rank: A
Salary: $93180

They plan, direct, or coordinate purchasing, warehousing, distribution, forecasting, customer service, or planning services. Manage logistics personnel and logistics systems and direct daily operations.
Rank: C+
Salary: $64730

They purchase machinery, equipment, tools, parts, supplies, or services necessary for the operation of an establishment. Purchase raw or semi-finished materials for manufacturing.
Rank: A
Salary: $110210

They direct or coordinate production, purchasing, warehousing, distribution, or financial forecasting services or activities to limit costs and improve accuracy, customer service, or safety. Examine existing procedures or opportunities for streamlining activities to meet product distribution needs. Direct the movement, storage, or processing of inventory.
Rank: B+
Salary: $93180

They plan, direct, or coordinate the transportation operations within an organization or the activities of organizations that provide transportation services.
Rank: B+
Salary: $76830

They analyze product delivery or supply chain processes to identify or recommend changes. May manage route activity including invoicing, electronic bills, and shipment tracing.






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Career type

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Related to Purchasing Managers Career Information

Purchasing Managers job description, Purchasing Managers salary, Purchasing Managers information, what is the job of a Purchasing Manager like, pros and cons about Purchasing Managers, colleges and universities for Purchasing Managers, is Purchasing Managers the right career for me, Quite Hard careers to get into, careers in Management

Additional resources

http://www.bls.gov/OOH/business-and-financial/purchasing-managers.htm
http://www.american-purchasing.com/
http://www.apics.org/
http://www.nigp.org/

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Purchasing Managers
Written by: Stanley Tan
Purchasing Managers plan, direct, or coordinate the activities of buyers, purchasing officers, and related workers involved in purchasing materials, products, and services. Includes wholesale or retail trade merchandising managers and procurement managers.
4.8 / 5 stars

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