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The differences between senior managers, procurement 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 senior manager, procurement and a purchasing manager. Additionally, a senior manager, procurement has an average salary of $121,433, which is higher than the $98,118 average annual salary of a purchasing manager.
The top three skills for a senior manager, procurement include supply chain, strategic sourcing and supplier performance. The most important skills for a purchasing manager are supply chain, strategic sourcing, and project management.
| Senior Manager, Procurement | Purchasing Manager | |
| Yearly salary | $121,433 | $98,118 |
| Hourly rate | $58.38 | $47.17 |
| Growth rate | -6% | -6% |
| Number of jobs | 36,873 | 30,430 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 66% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
Senior Procurement Managers oversee the procurement department of the company. They manage the procurement needs of the organization and network with vendors to keep their database of suppliers updated. Senior Procurement Managers secure competitive prices from their suppliers so that they can save up on costs. As such, Senior Procurement Managers also have visibility on the spending of each department in the organization so that they will never go over budget.
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.
Senior managers, procurement and purchasing managers have different pay scales, as shown below.
| Senior Manager, Procurement | Purchasing Manager | |
| Average salary | $121,433 | $98,118 |
| Salary range | Between $84,000 And $175,000 | 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 | Manufacturing | Technology |
There are a few differences between a senior manager, procurement and a purchasing manager in terms of educational background:
| Senior Manager, Procurement | Purchasing Manager | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between senior managers, procurement' and purchasing managers' demographics:
| Senior Manager, Procurement | Purchasing Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 72.8% Female, 27.2% | Male, 67.0% Female, 33.0% |
| Race ratio | Black or African American, 9.2% Unknown, 3.8% Hispanic or Latino, 12.5% Asian, 7.5% White, 66.6% 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% |