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The differences between global procurement managers and purchasing 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 purchasing manager. Additionally, a global procurement manager has an average salary of $103,155, which is higher than the $98,118 average annual salary of a purchasing manager.
The top three skills for a global procurement manager include global procurement, strategic sourcing and project management. The most important skills for a purchasing manager are supply chain, strategic sourcing, and project management.
| Global Procurement Manager | Purchasing Manager | |
| Yearly salary | $103,155 | $98,118 |
| Hourly rate | $49.59 | $47.17 |
| Growth rate | -6% | -6% |
| Number of jobs | 33,299 | 30,430 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 66% |
| 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 purchasing manager is responsible for organizing and managing products to order or sell. Purchasing managers review product specifications, negotiate pricing details with the vendors, evaluate and choose the best suppliers, and assist purchasing agents. Purchase managers are also responsible for resolving order processing issues and analyzing current market trends to determine which products to purchase. A purchasing manager must have excellent decision-making and strategical skills to examine effects, inspect defective items, and create an in-depth analysis of customers' needs to improve their performance and sales.
Global procurement managers and purchasing managers have different pay scales, as shown below.
| Global Procurement Manager | Purchasing Manager | |
| Average salary | $103,155 | $98,118 |
| Salary range | Between $73,000 And $145,000 | Between $70,000 And $136,000 |
| Highest paying City | Oakland, CA | Richmond, CA |
| Highest paying state | California | Maine |
| Best paying company | Apple | McKinsey & Company Inc |
| Best paying industry | Health Care | Technology |
There are a few differences between a global procurement manager and a purchasing manager in terms of educational background:
| Global Procurement Manager | Purchasing Manager | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between global procurement managers' and purchasing managers' demographics:
| Global Procurement Manager | Purchasing Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 68.3% Female, 31.7% | Male, 67.0% Female, 33.0% |
| 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, 9.2% Unknown, 3.8% Hispanic or Latino, 12.5% Asian, 7.5% White, 66.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |