25 of the Highest Paying Procurement Jobs in 2023
The best Procurement jobs can pay up to $229,500 per year.
A procurement department is responsible for helping a business obtain services, goods, equipment, contracts, and other materials necessary for the smooth operation of the organization. The department is involved in supply chain optimization, such as seeking the best prices on goods and services that can be delivered in the cheapest and most efficient ways. In addition, the procurement department helps to implement a variety of efficiency and productivity goals for the company.
To get a job in procurement, you must have a wide range of qualifications, including a deep understanding of your industry, knowledge of manufacturing processes, supply chains, and logistics. Some entry-level jobs may require only a high school diploma and some experience, while more advanced positions, such as procurement specialists, may require a bachelor’s degree, significant industry experience, or both. You should also have strong computer skills, good verbal and written communication, and an eye for detail.
High Paying Procurement Jobs
Salary range: $123,000-$229,500 per year
A vice president of procurement handles purchasing for departments and assists the president of the company or organization. Your primary responsibilities are to supervise department personnel and procure supplies and needed materials. You ensure your staff has no conflicts of interest, contracts are fair, and the purchase of items is efficient. You meet with managers, review orders, assess supply and demand, research market costs, finalize purchase details, and report on company status. Your duties also include strategizing and enacting procedures for purchasing supplies for the company.
Salary range: $166,500-$206,000 per year
A director of supply chain may work in a variety of industries overseeing logistics, manufacturing, and distribution across a market for one product or several. As a director of supply chain, your responsibilities include understanding the logistics, distribution, purchasing and procurement, manufacturing, marketing, and inventory management of the supply chain you oversee. You are also in charge of managing certain employees of these various departments, like the logistics manager, inventory specialist, and purchasing manager. Overall, it’s your job to advance production goals and handle business challenges. This role is multi-faceted and exists in many different industries, from engineering to food to commercial and technology production.
Salary range: $125,000-$167,000 per year
A strategic sourcing manager evaluates purchasing decisions on supply, outsourcing, and procurement for a business. You ensure all sources are economically feasible. For this career, your duties involve finding the most cost efficient vendors and suppliers to negotiate rates and maintain proposed budgets. You must also work closely with upper management in order to meet goals and provide competitive market rates for their contracts. A good strategic sourcing manager should have a background and/or degree in finance, logistics, economics, or a related field.
Salary range: $103,000-$150,000 per year
As a procurement director, it is your job to acquire new goods for your organization. You are in charge of directing purchasing agents and buyers, negotiating agreements with suppliers, and interviewing vendors. The main qualifications for this career are prior supply chain management experience, strong mathematics and negotiation skills, and the ability to monitor and analyze each purchase the company makes. Knowledge of modern supply management software is essential. You must have at least a bachelor’s degree in a relevant field, such as business or economics, and it is recommended to have a master’s degree to advance in this career. Many industries hire procurement directors for positions within both public and private companies.
Salary range: $91,500-$149,000 per year
A procurement engineer is knowledgeable of the equipment, materials, and supplies used in industrial operations and can oversee the purchasing of technical equipment. In this career, you must evaluate suppliers and negotiate agreements, maintain inventory, determine the machinery needs of the company, identify ways to cut costs, and manage which suppliers and vendors with which the company continues to do business. Your goal is to achieve continuous quality, so you may also train team members on procurement strategies. Communication skills and the ability to analyze bills are vital for this career. Additional qualifications include a college degree in manufacturing engineering and knowledge of the industry in which you work.
Salary range: $110,000-$143,000 per year
A global sourcing manager works to oversee the procurement of materials or the outsourcing of labor or services. In this career, your duties include service and material sourcing from overseas locations. To carry out your responsibilities, you may need to travel abroad. Your goal as a global sourcing manager is to create an efficient and cost-effective supply chain. You may need to negotiate with suppliers and report to company executives if you think changes to the supply chain are necessary.
Salary range: $88,500-$140,000 per year
The primary responsibilities of a director of purchasing are to buy materials for an organization to use or resell and to analyze supplier data. They compare suppliers based on price, quality, and delivery time. The director of purchasing also interviews vendors and visits suppliers to learn about new products and services. They may head a team of purchasers and manage a purchasing department. Skills in business practice and negotiation are essential for this career because directors are required to negotiate contracts on behalf of their organizations. The educational requirement for this job is typically a bachelor's degree in business administration or a related subject. Qualifications include but are not limited to, an understanding of supply chain management, financial analysis, data analysis, inventory management, interpersonal communication, and office administration.
Salary range: $42,000-$130,000 per year
As a director of vendor management, your responsibilities include sourcing and managing vendors across an organization, negotiating contracts, and handling relationships with vendors. Along with overseeing the procurement of vendors, you may assist with strategy execution to help ensure your business is making the most beneficial purchasing decisions. You may also develop improved processes to increase the value each customer receives, such as implementing simpler methods for change order requests. Other duties may include setting business goals, monitoring team members, and coordinating training.
Salary range: $86,500-$126,500 per year
A supply chain consultant helps clients streamline their logistics network. Their job is to work with the management teams of companies to identify problems with inventory, storage, and distribution, and come up with ways of increasing efficiency and reducing cost. Duties include consulting with clients, analyzing each step of the supply chain, identifying areas for improvement, and proposing alternatives to your clients. You need strong analytical skills and interpersonal communication to succeed in this career.
Salary range: $86,000-$125,000 per year
As a demand planning manager, your duties are to oversee the daily operations of the planning department as they analyze customer and vendor demand along the supply chain and develop ways to forecast future demand. Your responsibilities are to review purchase history, sales history, and different marketing strategies your employer has used to promote products and stimulate growth and evaluate their effectiveness. As a manager, you may oversee a unit within the department or the whole department. You train new demand forecasters and analysts, and you meet with other managers and executives to review strategies related to short- and long-term planning.
Salary range: $70,000-$123,500 per year
A procurement consultant is an experienced professional in the supply side of business. Their job duties include reviewing procurement policy, evaluating current business processes, making recommendations for improvements, assisting with the implementation of a new procurement system, and assisting with whatever other procurement needs their client has. They work closely with company management and other business people, so strong interpersonal skills are essential for a career as a procurement consultant.
Salary range: $90,000-$123,000 per year
A senior procurement manager works closely with internal teams as well as suppliers and clients to purchase the most needed products and improve procurement processes. As a senior procurement manager, your job duties include providing cost-benefit analysis, negotiating prices, managing client expectations, and overseeing the entire supply chain process. For this management position, most available jobs list experience in logistics and purchasing among the top qualifications, as well as a bachelor’s degree in business or accounting and leadership skills. It’s recommended to become proficient in IT infrastructure, software, and hardware related to procurement to succeed in this career.
Salary range: $84,000-$121,500 per year
A supply chain manager oversees the order and delivery process for raw materials, parts, equipment, and other goods necessary for a company to do business. As a supply chain manager, you are responsible for each link of the supply chain, from negotiating with the supplier on pricing, placing orders for materials, scheduling deliveries, and ensuring your employer has enough materials to meet business objectives and customer demand. Tracking products and collaborating with other department managers is a big part of your job.
Salary range: $82,500-$118,500 per year
A commodity manager is in charge of purchasing, budgeting, and overall management of goods for a company. They are responsible for ensuring that these transactions and requests comply with company procedures and policies. Commodity manager positions may be found in a variety of different industries, but are especially prevalent in manufacturing and engineering. They work closely with company departments and their clients, advising on purchases and investments. Careful attention to the market is important. Outstanding communication skills are helpful when dealing with clients or prospects. They must have a bachelor’s or master’s degree in business to be successful in this career.
Salary range: $47,000-$116,500 per year
Procurement analysts evaluate products from vendors to determine which ones an organization should purchase. Job duties may include meeting with vendors, testing products, negotiating supply contracts, and creating cost reports. Other responsibilities may include maintaining communication between the vendors and the company. Procurement analysts should be able to build relationships with vendors and make purchasing decisions. People in this career, as well as purchasing managers and analysts, often work in supply chain management or manufacturing.
Salary range: $70,000-$115,500 per year
A supply chain business analyst collects and analyzes data to help improve an organization’s supply chain operations, reporting to department heads or upper management. They make sure supply meets the business demand of a company and work to make the process smoother. They perform job duties such as identifying problems in workflow, analyzing costs and benefits, suggesting improvements, and assisting in negotiations to order supplies or services. Qualifications for this career include at least two years of on-the-job experience, critical-thinking skills, and a bachelor’s degree in supply chain, business, or a related field.
Salary range: $66,000-$114,000 per year
As a supply chain engineer, your responsibilities include planning and implementing the overall supply chain strategy of a company, including all the business processes a product undergoes until it reaches the end user. You also ensure that the transport of products and materials from suppliers to customers is completed smoothly and cost-effectively. You collaborate with finance, sales, operations, manufacturing, and customer service teams to determine the best suppliers, identify issues with production, and implement solutions quickly. You are also expected to build business relationships with vendors. Other duties include documenting and implementing improvements on the supply chain and policies, managing logistics FMEA (Failure Mode and Effect Analysis) and audits if needed, and providing support during the start of production and ramp-up phases.
Salary range: $114,000-$114,000 per year
A commodity specialist, also called a supply chain specialist, oversees inventory purchases for a company. As a commodity specialist, you research market costs of supplies, identify the best suppliers for the company’s needs, and negotiate pricing and contracts with those suppliers. Other responsibilities include monitoring the performance of current suppliers, discovering new sources of inventory that may provide better quality or pricing, and documenting all transactions.
Salary range: $103,000-$113,000 per year
A supply planner is a senior worker who oversees inventory management, merchandise production planning, and handling budget issues related to production/manufacturing of products. As a supply planner, you are mostly in charge of keeping inventory in stock to meet the demand of your customers. You work closely with demand planners who develop forecasting models to guess or spur future demand, and analyze the forecasts to ensure that your supplies remain able to meet the forecasted demand. You then convey inventory needs to production workers and warehouse employees.
Salary range: $68,000-$110,000 per year
A vendor manager orders products from various suppliers. Their job duties include selecting different services, negotiating contracts, and evaluating performance. They also manage relationships with different vendors, keep accurate documentation, resolve problems and issues, and streamline these processes. This career requires problem-solving and creative thinking skills. Additional qualifications may include prior work experience and a bachelor’s degree in business or a related field.
Salary range: $60,000-$106,500 per year
A vendor analyst designs new rating systems so that manufacturing companies can compare suppliers and make purchasing decisions to improve their bottom line. Your duties are to do in-depth research of various outsourcing options available to manufacturers and develop tools that allow the business to choose the right supplier. Qualifications for the job include a mix of career experience, education, and skills. You should have a bachelor’s degree in IT, logistics, or business administration along with several years of work in vendor/supplier analysis.
Salary range: $72,000-$103,000 per year
A senior procurement specialist is the head position in a department that researches goods and services for a company, ensuring the best quality for the lowest cost. Their responsibilities include purchasing products, assessing the performance of suppliers or vendors, overseeing other staff members, and building long-term relationships. They also develop strategies for the success of the company, maintain inventory, negotiate pricing, and produce reports to share with management. A senior procurement specialist collaborates with accounting, marketing, finance, and other various departments as well as external vendors. To become a senior procurement specialist, you need a bachelor’s or master's degree in administration, finance, accounting, or a similar area. Professional certifications may be required.
Salary range: $56,000-$99,500 per year
A supplier diversity director works to develop relationships with a diverse range of businesses. Your responsibilities in this career are to seek out and foster new vendor relationships and seek vendors in previously unexplored categories, such as small businesses, minority-owned businesses, or businesses in a different geographic area from current vendors. After locating these businesses, your duties are to use your business skills and knowledge to assess the quality of their goods or services and invite them to be involved in your company’s bidding and purchasing process.
Salary range: $59,500-$99,000 per year
A procurement agent purchases goods for a client or company. As a procurement agent, your job duties include preparing purchasing orders, requesting goods from suppliers with valued prices, negotiating business contracts with vendors, and providing information or updates on shipping. You may also occasionally travel to conferences or trade shows to find and develop relationships with potential suppliers.
Salary range: $55,000-$94,000 per year
A supply chain specialist manages the transportation and storage of goods between the manufacturer and the consumer. Their primary duties are to manage product development, monitor inventory, supervise transportation and storage, and oversee other day-to-day supply chain logistics for their company or organization. This job requires a bachelor’s degree in a relevant field, such as business or economics, as well as prior management experience. Additional qualifications are strong analytical, communication, and organization skills. Professional certification is an option for those that want to further their career.