Senior procurement managers process purchase orders and oversee contract development and administration. They coordinate the activities of the procurement department of the company. They are responsible for managing the organization's procurement needs and network with vendors to keep their database of suppliers updated. They earn an average sum of $125,000 annually or $60 per hour.
Senior procurement managers develop a centralized procurement program that adds value and efficiency to the organization while overseeing contract development and administration. They secure competitive prices from their suppliers so that they can save up on costs and have visibility on the spending of each department so that they will never go over budget.
Senior procurement managers mostly hold a bachelor's or master's degree in business or a related field. They have a solid background in working on enterprise-wide projects for large complex organizations and a demonstrated ability to function in a team environment. They also have excellent negotiation and influencing skills.
There is more than meets the eye when it comes to being a Senior Manager, Procurement. For example, did you know that they make an average of $59.21 an hour? That's $123,149 a year!
Between 2018 and 2028, the career is expected to grow -6% and produce -29,200 job opportunities across the U.S.
There are certain skills that many Senior Managers, Procurement have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Math skills, Negotiating skills and Analytical skills.
If you're interested in becoming a Senior Manager, Procurement, one of the first things to consider is how much education you need. We've determined that 70.4% of Senior Managers, Procurement have a bachelor's degree. In terms of higher education levels, we found that 18.4% of Senior Managers, Procurement have master's degrees. Even though most Senior Managers, Procurement have a college degree, it's impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a Senior Manager, Procurement. When we researched the most common majors for a Senior Manager, Procurement, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Senior Manager, Procurement resumes include Associate Degree degrees or Doctoral Degree degrees.
You may find that experience in other jobs will help you become a Senior Manager, Procurement. In fact, many Senior Manager, Procurement jobs require experience in a role such as Purchasing Manager. Meanwhile, many Senior Managers, Procurement also have previous career experience in roles such as Senior Buyer or Buyer.