Salary and Outlook
According to the US Department of Labor, there are 72,800 people employed as career profile - purchasing managers in
the United States.
The median annual salary is $127,150. Entry level employees earn approximately $77,310 per year and senior employees earn approximately $206,540 (or more) per year.
Estimates do not include other potential benefits such as health insurance, overtime, or retirement benefits that may be offered by employers.
- Develop and implement purchasing and contract management instructions, policies, and procedures.
- Prepare bid awards requiring board approval.
- Direct and coordinate activities of personnel engaged in buying, selling, and distributing materials, equipment, machinery, and supplies.
- Locate vendors of materials, equipment or supplies, and interview them to determine product availability and terms of sales.
- Interview and hire staff, and oversee staff training.
- Prepare and process requisitions and purchase orders for supplies and equipment.
- Review, evaluate, and approve specifications for issuing and awarding bids.
- Control purchasing department budgets.
- Review purchase order claims and contracts for conformance to company policy.
- Resolve vendor or contractor grievances and claims against suppliers.
- Administer online purchasing systems.
- Maintain records of goods ordered and received.
- Analyze market and delivery systems to assess present and future material availability.
- Participate in the development of specifications for equipment, products, or substitute materials.
- Prepare reports regarding market conditions and merchandise costs.
- Arrange for disposal of surplus materials.
- Represent companies in negotiating contracts and formulating policies with suppliers.
- Develop cost reduction strategies and savings plans.