Manager, Purchasing Salary at Ray-Q Ltd BETA

How much does a Ray-Q Ltd Manager, Purchasing make?

As of January 2025, the average annual salary for a Manager, Purchasing at Ray-Q Ltd is $121,846, which translates to approximately $59 per hour. Salaries for Manager, Purchasing at Ray-Q Ltd typically range from $109,924 to $134,567, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Ray-Q Ltd Overview

Website:
ray-q.com
Size:
<25 Employees
Revenue:
$5M - $10M
Industry:
Business Services

For over 40 years, Ray-Q has been a leader in designing, assembling and distributing advanced electrical interconnect solutions to aerospace, military, marine, medical and other industries demanding the highest standards. The company offers a wide range of products for the world of Electrical and Fiber Optics interconnects. Over the past four decades, Ray-Q has developed partnerships with some of the industry's most demanding customers, including local and global leading military and aerospace companies. Ray-Q addresses the needs of its customer through distinct technical and logistics services, and the supply of highest quality products manufactured by leading world class manufacturers. Leveraging the years of experience in demanding markets have afforded the operations in the emerging markets of Eastern Europe and India. The company is led by its vision of being committed to be a provider of choice to its customers, a choice channel to market for its suppliers and a fair and choice employer.

See similar companies related to Ray-Q Ltd

What Skills Does a person Need at Ray-Q Ltd?

At Ray-Q Ltd, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Purchasing: Purchasing refers to a business or organization attempting to acquire goods or services to accomplish its goals. Although there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations. Typically the word “purchasing” is not used interchangeably with the word “procurement”, since procurement typically includes expediting, supplier quality, and transportation and logistics (T&L) in addition to purchasing.
  2. Procurement: Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement is used to ensure the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing risks such as exposure to fraud and collusion. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and price fluctuations. Procurement generally involves making buying decisions under conditions of scarcity. If sound data is available, it is good practice to make use of economic analysis methods such as cost-benefit analysis or cost-utility analysis.
  3. Supply chain: A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.
  4. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  5. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

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Check more jobs information at Ray-Q Ltd

Job Title Average Ray-Q Ltd Salary Hourly Rate
2 Bookkeeper $42,333 $20
3 Business Development Manager $131,035 $63
4 Controller $242,146 $116
5 Coordinator $78,369 $38
6 Manager, Information Technology $137,714 $66
7 Manager, Logistics $113,575 $55
8 Manager, Marketing $113,834 $55
9 Customer Care $36,820 $18
10 Manager, Engineering $143,605 $69
11 Sales Coordinator $56,907 $27
12 Account Manager $77,360 $37

Hourly Pay at Ray-Q Ltd

The average hourly pay at Ray-Q Ltd for a Manager, Purchasing is $59 per hour. The location, department, and job description all have an impact on the typical compensation for Ray-Q Ltd positions. The pay range and total remuneration for the job title are shown in the table below. Ray-Q Ltd may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $121,846 look to you?

FAQ about Salary and Jobs at Ray-Q Ltd

1. How much does Ray-Q Ltd pay per hour?
The average hourly pay is $59. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Ray-Q Ltd?
According to the data, the highest approximate salary is about $134,567 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Ray-Q Ltd?
According to the data, the lowest estimated salary is about $109,924 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.