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Businesses and organizations need something, either goods or services, at different times. However, it is the procurement services manager's job to ensure that the business spends wisely without overspending or underspending. The manager is responsible for sourcing services and products for the component, and sometimes leads a team of other procurement specialists or agents.
Also referred to as the purchasing manager, the procurement manager typically reports to the chief financial officer or chief operations officer depending on the organizational structure. Nonetheless, the manager and their team must work closely with the legal, operations, and finance departments.
The manager must ensure a balance between the cost and quality of an organization's spending and review past purchases to ensure compliance. They also handle RFP management, ROI analysis, procurement optimization process, and contract negotiation. A minimum of six years of experience in strategic/tactical procurement and other qualifications as demanded by the employee earns the manager an average of $86,590 yearly.
Avg. Salary $101,878
Avg. Salary $59,228
Growth rate -6%
Growth rate 0.3%
American Indian and Alaska Native 0.30%
Asian 7.45%
Black or African American 9.08%
Hispanic or Latino 12.31%
Unknown 3.82%
White 67.04%
Genderfemale 37.79%
male 62.21%
Age - 47American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 47Stress level is high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is poor
6.4 - fair
| Skills | Percentages |
|---|---|
| Strategic Sourcing | 10.25% |
| Supplier Performance | 9.40% |
| RFP | 7.62% |
| Real Estate | 6.37% |
| SOX | 5.58% |
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The average procurement services manager salary in the United States is $101,878 per year or $49 per hour. Procurement services manager salaries range between $70,000 and $147,000 per year.
What am I worth?
Have a direct impact of the company bottom targets.
Learning more on the job and gaining new skills and experience
Nothing at all