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The differences between global procurement managers and material managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a global procurement manager and a material manager. Additionally, a global procurement manager has an average salary of $103,155, which is higher than the $96,125 average annual salary of a material manager.
The top three skills for a global procurement manager include global procurement, strategic sourcing and project management. The most important skills for a material manager are supply chain, logistics, and customer service.
| Global Procurement Manager | Material Manager | |
| Yearly salary | $103,155 | $96,125 |
| Hourly rate | $49.59 | $46.21 |
| Growth rate | -6% | -6% |
| Number of jobs | 33,299 | 43,759 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 65% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
A global procurement manager is in charge of developing diverse procurement strategies to deliver optimal services to clients. Among their responsibilities include understanding and identifying project needs, performing extensive research and analysis, gathering and analyzing data from various departments, performing risk assessments, and negotiating with potential vendors and suppliers, building positive relationships along the way. Moreover, as a global procurement manager, they must lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
A material manager is responsible for monitoring inventories and stock supplies, ensuring the adequacy of materials needed for manufacturing or other operations, depending on the organization's industry. Material managers meet with suppliers and third-party vendors, negotiating contracts that would fit the budget goals of the company without compromising quality. They manage the distribution of resources throughout the organizations' department and provide purchase reports for the management. A material manager must have excellent communication and leadership skills to address the needs of an organization for smooth operations.
Global procurement managers and material managers have different pay scales, as shown below.
| Global Procurement Manager | Material Manager | |
| Average salary | $103,155 | $96,125 |
| Salary range | Between $73,000 And $145,000 | Between $72,000 And $126,000 |
| Highest paying City | Oakland, CA | Menlo Park, CA |
| Highest paying state | California | California |
| Best paying company | Apple | Meta |
| Best paying industry | Health Care | Technology |
There are a few differences between a global procurement manager and a material manager in terms of educational background:
| Global Procurement Manager | Material Manager | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between global procurement managers' and material managers' demographics:
| Global Procurement Manager | Material Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 68.3% Female, 31.7% | Male, 77.7% Female, 22.3% |
| Race ratio | Black or African American, 9.0% Unknown, 3.8% Hispanic or Latino, 12.1% Asian, 7.4% White, 67.5% American Indian and Alaska Native, 0.3% | Black or African American, 9.0% Unknown, 3.8% Hispanic or Latino, 12.2% Asian, 7.4% White, 67.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |