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Procurement Manager

Procurement Manager Job Description

Companies look for candidates with the business acumen and negotiating skills to negotiate favorable deals and contracts with vendors and suppliers. Strategic thinkers with the ability to devise procurement strategies that meet the organization’s needs and objectives are highly valued for this role. Procurement managers must also have the leadership and project management skills to manage and motivate a procurement team, set objectives and monitor progress. Candidates for this position typically have a bachelor’s degree in business, finance or a related field, plus five or more years experience in procurement or supply chain management.

Typical procurement manager duties:

Developing and implementing procurement policies, procedures, and best practices to ensure compliance with organizational standardsNegotiating and managing contracts with suppliers and subcontractors for the procurement of goods and servicesMonitoring supplier performance and addressing any issues arising from contractsCoordinating the RFP process, including evaluation of proposals and selection of vendorsSupervising the organization’s procurement team

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Salary for Procurement Manager
81750 - 125250
25th percentile
81750
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
112250
The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.
75th percentile
125250
The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.
Projected salaries for related positions Position title 25th percentile 50th percentile 75th percentile Chief Financial Officer (CFO) – Corporate Accounting 194250 268250 321750 Vice President of Finance 165000 207000 250500 Corporate Controller 151000 184250 213250 Divisional Controller 112000 155750 176250 Assistant Controller 92500 122000 142000 Director of Finance 126500 167000 180750 Director of Accounting 125000 164250 180750 Treasurer 139750 212750 245000 Assistant Treasurer 78250 105750 123250 Financial Project Manager 107500 136500 165750 Forensic Accountant 84750 105500 121750 Property Accountant 68250 78250 94000 Plant Controller 104750 120500 131000 Procurement Specialist 45750 58500 71250

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