Higher pay for purchasing managers

Despite an incredible increase in the average purchasing salary also revealed that a gender disparity in both pay and opportunities is still prevalent.

By ·

Finally it seems that purchasing salaries are seeing an upward trend. A new report out today reveals that the average purchasing salary has increased by 18% over last year.

This data and more can be found in the Purchasing & Supply Management Salaries in 2014 Report, published by the Next Level Purchasing Association (NLPA), which provides purchasers insight into the compensation of their peers throughout the world and delves deeply into salary statistics, including salary by industry, gender, and educational attainment, to provide various benchmarks.

Despite an incredible increase in the average purchasing salary, the 2014 report, which surveyed 1,100 purchasing professionals in late 2013, also revealed that a gender disparity in both pay and opportunities is still prevalent.

Within North America while job opportunities are equitable men out earn their female colleagues by over 24% on average. Throughout the rest of the world, the disparity in the procurement workforce by gender is astounding- 19% female and 81% male.

“In the years that the NLPA has been tracking purchasing and supply management salary trends, this year’s data is the most encouraging yet,” says Charles Dominick SPSM, SPSM2 President of Next Level Purchasing Association. “After deep economic recessions and slow recoveries, the long-term impact on a profession’s earning potential can be hard to predict.”

Dominick told LM in an interview that the 2014 data shows that purchasing and supply management professionals have fared quite well now that the economy has largely rebounded from some challenging years. 

“To me, it’s a sign that the purchasing and supply management function is, and will continue to be, truly valued as an indispensable contributor to organizational success,” he says.

For the first time this year, the NLPA also explored whether this disparity exists at every position level or only some.

This analysis can be found in the Purchasing & Supply Management Salaries in 2014 Report. Those interested in obtaining a copy of the report can do so by joining the Next Level Purchasing Association, which is free. To join the Next Level Purchasing Association for free and get a copy of this report, visit:
http://www.nextlevelpurchasing.com/


About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

Economy · Purchasing · Salary Survey · All Topics
Latest Whitepaper
New Supply Chain Technology Best Practices
New breakthrough developments, such as drones and driverless vehicles, seem to be everywhere.
Download Today!
From the October 2017 Logistics Management Magazine Issue
A leading distributor of professional salon products in the U.S. forms unique partnerships with its key LTLs to lower transport costs, reduce its carbon footprint and improve service to its 565 store locations.
Q4 2017 Rail/Intermodal Roundtable: Improvements apparent; work remains
LM Viewpoint: Collaboration, Now more than ever
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
EDITORS' PICKS
SalonCentric: One Beautiful Network
A leading distributor of professional salon products in the U.S. forms unique partnerships with its...
2017 Alliance Awards: Recognizing outstanding supply chain partnerships
In an era where effective supply chain collaboration is both highly valued and elusive, Logistics...

26th Annual Study of Logistics and Transportation Trends: Transportation at Digital Speed
While a majority of companies strongly agree that transportation is a strategically important...
34th Annual Quest for Quality Awards: Winners Revealed
Which carriers, third-party logistics providers, and North American ports have crossed the service...