As of April 01, 2025, the average annual salary for a VP of Procurement in Memphis, TN is $202,880. Salary.com reports that pay typically ranges from $183,080 to $222,080, with most professionals earning between $165,053 and $239,561.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $222,080 | $18,507 | $4,271 | $107 |
| Average | $202,880 | $16,907 | $3,902 | $98 |
| 25th Percentile | $183,080 | $15,257 | $3,521 | $88 |
An entry-level VP of Procurement with under 1 year experience makes about $190,776. With less than 2 years of experience, a mid-level VP of Procurement makes around $192,546. After 2-4 years, the VP of Procurement pay rises to about $194,906. Those senior VP of Procurement with 5-8 years of experience earn roughly $198,446, and those VP of Procurement having 8 years or more experience are expected to earn about $202,870 on average.
| Levels | Salary |
|---|---|
| Entry Level VP of Procurement | $190,776 |
| Intermediate Level VP of Procurement | $192,546 |
| Senior Level VP of Procurement | $194,906 |
| Specialist Level VP of Procurement | $198,446 |
| Expert Level VP of Procurement | $202,870 |
| Entry Level | 6% |
| Mid Level | 5% |
| Senior Level | 4% |
| Top Level | 2% |
| Experienced | 0% |
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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.
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
Inventory Management: Overseeing and controlling supplies and stock to ensure that an organization maintains an adequate stock quantity.
RFP: A request for proposal (RFP) is a business document that announces a project, describes it, and solicits bids from qualified contractors to complete it.
| Skill | Salary | Demand |
|---|---|---|
|
Commercial Law
|
$227,226 |
12%
|
|
Innovation
|
$223,168 |
10%
|
|
Talent Acquisition
|
$221,139 |
9%
|
|
Business Acumen
|
$219,110 |
8%
|
|
Relationship Management
|
$219,110 |
8%
|
|
Commitment
|
$215,053 |
6%
|
