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The differences between procurement consultants 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 procurement consultant and a purchasing manager. Additionally, a purchasing manager has an average salary of $98,118, which is higher than the $81,254 average annual salary of a procurement consultant.
The top three skills for a procurement consultant include strategic sourcing, procure-to-pay and HR. The most important skills for a purchasing manager are supply chain, strategic sourcing, and project management.
| Procurement Consultant | Purchasing Manager | |
| Yearly salary | $81,254 | $98,118 |
| Hourly rate | $39.06 | $47.17 |
| Growth rate | -6% | -6% |
| Number of jobs | 38,005 | 30,430 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 66% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
A procurement consultant is an individual who is an expert in purchasing or procurement. Your duties will include researching and analyzing the supply marketplace, developing business requirements, and managing supplier relationships in collaboration with internal stakeholders, and managing and negotiating supply agreements across all commodities and complexity. Additionally, you are expected to participate in market intelligence analysis and assess productivity, costs, and demand patterns by collecting and interpreting data. As a procurement consultant, you are also responsible for managing and negotiating supply agreements.
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.
Procurement consultants and purchasing managers have different pay scales, as shown below.
| Procurement Consultant | Purchasing Manager | |
| Average salary | $81,254 | $98,118 |
| Salary range | Between $64,000 And $101,000 | Between $70,000 And $136,000 |
| Highest paying City | San Francisco, CA | Richmond, CA |
| Highest paying state | California | Maine |
| Best paying company | McKinsey & Company Inc | McKinsey & Company Inc |
| Best paying industry | Technology | Technology |
There are a few differences between a procurement consultant and a purchasing manager in terms of educational background:
| Procurement Consultant | Purchasing Manager | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between procurement consultants' and purchasing managers' demographics:
| Procurement Consultant | Purchasing Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 66.3% Female, 33.7% | Male, 67.0% Female, 33.0% |
| Race ratio | Black or African American, 9.2% Unknown, 3.8% Hispanic or Latino, 12.4% Asian, 7.5% White, 66.8% 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% |