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.
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.
$114130 per year
$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 states||Hourly||Annual|
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).
Recommended degree level
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.
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.
In addition to that, 1 common characteristic among successful Purchasing Managers is they are good at Integrity. Here are the top 5 common characteristics.
= Hot in-demand that most employers are looking for
Pros and Cons
Here are some reasons why you should and shouldn’t choose A Purchasing Manager as your career.
|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|
|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
Is this job meaningful
More than 40 hours per week
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.
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They plan, direct, or coordinate purchasing, warehousing, distribution, forecasting, customer service, or planning services. Manage logistics personnel and logistics systems and direct daily operations.
They purchase machinery, equipment, tools, parts, supplies, or services necessary for the operation of an establishment. Purchase raw or semi-finished materials for manufacturing.
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.
They plan, direct, or coordinate the transportation operations within an organization or the activities of organizations that provide transportation services.
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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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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