How much does a Procurement Manager make hourly at companies like ESPEY MFG & ELECTRONICS CORP in the United States? The average hourly wage for a Procurement Manager at companies like ESPEY MFG & ELECTRONICS CORP in the United States is $60 as of March 26, 2024, but the range typically falls between $53 and $67. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. View the Cost of Living in Major Cities
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The Procurement Manager maintains relationship with vendors or suppliers and negotiates contracts for major purchases. Manages all purchasing activities and establishes strategic purchasing processes and procedures. Being a Procurement Manager typically requires a bachelor's degree. Evaluates and analyzes purchasing trend and price trend to identify forecasting demand and minimize purchasing costs. In addition, Procurement Manager typically reports to a senior manager. The Procurement Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. Working as a Procurement Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2024 Salary.com)
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Core compensation
Includes base and short-term incentives
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