Manager, Purchasing Salary at Redco Tool & Fastener Supply Llc BETA

How much does a Redco Tool & Fastener Supply Llc Manager, Purchasing make?

As of December 2024, the average annual salary for a Manager, Purchasing at Redco Tool & Fastener Supply Llc is $109,327, which translates to approximately $53 per hour. Salaries for Manager, Purchasing at Redco Tool & Fastener Supply Llc typically range from $98,704 to $120,688, 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.

REDCO Tool & Fastener Supply LLC Overview

Website:
redcotool.com
Size:
<25 Employees
Revenue:
<$5M
Industry:
Retail & Wholesale

REDCO Tool & Fastener Supply LLC is a women owned local business established in 2012. Although REDCO is a relatively new business opening it's door's January 2012, the wealth of experience and knowledge spans company wide with 85 years of combined customer service and specialty tool & fasteners sales knowledge. The owner John "Red" Knowles has 36 years of specialty tooling and fastener experience here in the Houston area. Along with his wife Debbie, the Knowles have built a reputable family oriented customer based business throughout the years working together at another tool & fastener business locale here in Houston. Along with additional team members REDCO offers an increased abundance of industrial tool and fastener sales experience, knowledge and customer service. Collectively, REDCO's goal is to provide our customers with quality products along with great service all at a competitive price.

See similar companies related to Redco Tool & Fastener Supply Llc

What Skills Does a person Need at Redco Tool & Fastener Supply Llc?

At Redco Tool & Fastener Supply Llc, 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 Redco Tool & Fastener Supply Llc

Job Title Average Redco Tool & Fastener Supply Llc Salary Hourly Rate
2 Inside Sales Manager $87,697 $42

Hourly Pay at Redco Tool & Fastener Supply Llc

The average hourly pay at Redco Tool & Fastener Supply Llc for a Manager, Purchasing is $53 per hour. The location, department, and job description all have an impact on the typical compensation for Redco Tool & Fastener Supply Llc positions. The pay range and total remuneration for the job title are shown in the table below. Redco Tool & Fastener Supply Llc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $109,327 look to you?

FAQ about Salary and Jobs at Redco Tool & Fastener Supply Llc

1. How much does Redco Tool & Fastener Supply Llc pay per hour?
The average hourly pay is $53. 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 Redco Tool & Fastener Supply Llc?
According to the data, the highest approximate salary is about $120,688 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 Redco Tool & Fastener Supply Llc?
According to the data, the lowest estimated salary is about $98,704 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.