Is Your Salary Fair? New Salary Figures for Purchasing / Supply Management
- Supply management refers to managing supplied goods and services, as well as managing procurement processes, contracts, supplier relations, and supplier metrics. An extensive career center and more general info available at http://www.ism.ws/.
The Institute for Supply Management (ISM) says that salaries in Supply Management start at $50,000 (USD) at entry-level and go up to $250,000 (USD). Remember that these are averages, some will be higher, others not as high. For additional info on Supply Management: an Elsevier report on the subject, for reference; and Supply Purchasing is a website that sometimes has good articles.
Survey says...
The numbers:
$240,408 Chief Purchasing/Supply Management/Sourcing
$226,562 Vice President, Purchasing/Supply Management/Sourcing
$132,398 Director, Purchasing/Supply Management/Sourcing
$94,384 Manager, Purchasing/Supply Management/Sourcing
$71,348 Experienced Supply Management Professional
$50,506 Entry-Level Supply Management Professional
ISM salary survey figures for 2009 are in U.S. dollars. (Image courtesy Photos8.)
This is ISM's fifth comprehensive salary survey. Amazingly, almost 1000 ISM members and non-members participated in the survey. For reference: according to the U.S. Dept of Labor, in May of 2008 the median annual wages of Purchasing Managers were $89,160. The middle 50 percent earned between $67,370 and $115,830. The lowest 10 percent earned less than $51,490, and the highest 10 percent earned more than $142,550.
The ISM figures were gathered as follows: ISM surveyed supply management professionals in the United States during January and February 2010. Random samples of customers were pulled from an ISM database that included both members and nonmembers. An e-mail message requesting participation was then sent to these customers. In all, a total of 973 responses were received, representing a response rate of 7.3 percent.
There's more detail in the full report - and must say, with the high response rate it's an interesting and unique compilation of data. The full report is available for $199 at the ISM web site. We'll keep posting relevant industry data; feel free to inquire if you have questions on materials procurement.
Blog Articles
