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The differences between procurement consultants and supply 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 supply manager. Additionally, a supply manager has an average salary of $96,971, 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 supply manager are supply chain, patients, and supplier performance.
| Procurement Consultant | Supply Manager | |
| Yearly salary | $81,254 | $96,971 |
| Hourly rate | $39.06 | $46.62 |
| Growth rate | -6% | -6% |
| Number of jobs | 38,005 | 30,833 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 58% |
| 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 supply manager or supply chain manager is an individual who supervises the import or creation of raw materials that are to be used by the company to form new products. Supply managers are required to coordinate all aspects of the supply chain to ensure that they are efficient and cost-effective. They must maintain low costs and high efficiency by building and maintaining relationships with the company's partners. Supply managers should also recruit staff members and provide training to help them learn and master their jobs.
Procurement consultants and supply managers have different pay scales, as shown below.
| Procurement Consultant | Supply Manager | |
| Average salary | $81,254 | $96,971 |
| Salary range | Between $64,000 And $101,000 | Between $68,000 And $137,000 |
| Highest paying City | San Francisco, CA | Fremont, CA |
| Highest paying state | California | New York |
| Best paying company | McKinsey & Company Inc | PVH |
| Best paying industry | Technology | Technology |
There are a few differences between a procurement consultant and a supply manager in terms of educational background:
| Procurement Consultant | Supply Manager | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 58% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between procurement consultants' and supply managers' demographics:
| Procurement Consultant | Supply Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 66.3% Female, 33.7% | Male, 70.0% Female, 30.0% |
| 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, 7.6% Unknown, 4.7% Hispanic or Latino, 12.8% Asian, 9.0% White, 65.3% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 11% | 10% |