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This question is about purchasing manager salaries.
How much does a purchase manager make?
A purchase manager makes $120,000 annually, on average. However, this can fall within a typical range of between $105,00 and $138,000.
Salary ranges for a purchasing manager can vary widely depending on many important factors. These factors include education, certifications, additional skills, and the number of years a person has spent in the profession.
For entry-level purchasing managers, especially at smaller companies, the average salary may be closer to $70,000 annually, while experienced purchasing managers at large companies can easily earn over $130,000 a year.
Purchasing manager salaries are generally higher when they hold more responsibilities. Highly-paid purchasing managers manage all purchasing activities and establish strategic purchasing processes and procedures.
Additionally, to succeed and earn more money, a purchasing manager must develop a relationship with vendors or suppliers and negotiate contracts for major purchases. Purchasing managers evaluate and analyze purchasing trends and price trends to identify forecasting demand and minimize purchasing costs.
The more a purchasing manager can demonstrate that they can effectively and efficiently perform these roles while also leading a team of subordinates, the higher the salary they will bring in.
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