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Career Profile: Purchasing Managers

Plan, direct, or coordinate the activities of buyers, purchasing officers, and related workers involved in purchasing materials, products, and services. Includes wholesale or retail trade merchandising managers and procurement managers.

Salary and Outlook

According to the US Department of Labor, there are 74,400 people employed as purchasing managers in the United States. The median annual salary is $125,900. Entry level employees earn approximately $74,570 per year and senior employees earn approximately $197,630 per year.

Estimates do not include other potential benefits such as health insurance, overtime pay, or retirement benefits that may be offered by employers.

Job Duties

  • 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.

Career List

Job Outlook


Total Current Jobs:
74,400
Annual Openings:
6,300
Increase in Openings by 2030:
6%
Annual Salary Range:
$74,570 - $197,630
Education Requirements:
Bachelor's degree