How much does a VP of Procurement make hourly at companies like ESPEY MFG & ELECTRONICS CORP in the United States? The average hourly wage for a VP of Procurement at companies like ESPEY MFG & ELECTRONICS CORP in the United States is $102 as of March 26, 2024, but the range typically falls between $89 and $116. 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 VP of Procurement is responsible for planning and directing materials and supply to reduce costs and improve quality. Oversees all aspects of an organization's goods and services purchasing function. Being a VP of Procurement typically reports to top management. Requires a bachelor's degree. The VP of Procurement manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Comprehensive knowledge of the overall departmental function. Working as a VP of Procurement typically requires 8+ years of managerial experience. (Copyright 2024 Salary.com)
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