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 standards

Negotiating and managing contracts with suppliers and subcontractors for the procurement of goods and services

Monitoring supplier performance and addressing any issues arising from contracts

Coordinating the RFP process, including evaluation of proposals and selection of vendors

Supervising 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