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The differences between purchasing managers and directors, procurement can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a purchasing manager and a director, procurement. Additionally, a director, procurement has an average salary of $140,058, which is higher than the $98,118 average annual salary of a purchasing manager.
The top three skills for a purchasing manager include supply chain, strategic sourcing and project management. The most important skills for a director, procurement are strategic sourcing, supplier performance, and continuous improvement.
| Purchasing Manager | Director, Procurement | |
| Yearly salary | $98,118 | $140,058 |
| Hourly rate | $47.17 | $67.34 |
| Growth rate | -6% | -6% |
| Number of jobs | 30,430 | 18,037 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 70% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
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.
The responsibilities of a procurement director revolve around ensuring the efficient and smooth flow of supplies within the company, developing procurement strategies for optimal services and operations, assessing risks, and overseeing the implementation of new policies and regulations in the company. It is essential to coordinate with analysts to identify areas with potential opportunities or those needing improvements. Moreover, a director, procurement may directly communicate with stakeholders or higher-ranking officials, participate in recruiting new members of the workforce, and create programs for profit growth and significant results.
Purchasing managers and directors, procurement have different pay scales, as shown below.
| Purchasing Manager | Director, Procurement | |
| Average salary | $98,118 | $140,058 |
| Salary range | Between $70,000 And $136,000 | Between $98,000 And $199,000 |
| Highest paying City | Richmond, CA | San Francisco, CA |
| Highest paying state | Maine | California |
| Best paying company | McKinsey & Company Inc | Apple |
| Best paying industry | Technology | Technology |
There are a few differences between a purchasing manager and a director, procurement in terms of educational background:
| Purchasing Manager | Director, Procurement | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between purchasing managers' and directors, procurement' demographics:
| Purchasing Manager | Director, Procurement | |
| Average age | 47 | 47 |
| Gender ratio | Male, 67.0% Female, 33.0% | Male, 78.0% Female, 22.0% |
| Race ratio | 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% | Black or African American, 8.9% Unknown, 3.8% Hispanic or Latino, 12.1% Asian, 7.4% White, 67.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |