Subscribe to our free, weekly email newsletter!


Higher pay for purchasing managers

By Patrick Burnson, Executive Editor
May 01, 2014

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

image
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 .(JavaScript must be enabled to view this email address).


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!

Recent Entries

The dark side of the “Amazon effect” and larger impact made by the explosive growth in e-commerce may soon be seen when organized labor prepares of a massive air cargo strike.

During this webcast our panelist offer logistics and supply chain professionals a “reality check” when it comes to our current state of understanding, adoption, and utilization of the technological tools that are available to improve our operations.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 55.7 in April (a level of 50 or higher indicates growth), which was up 1.2 percent compared to March, with economic activity in the non-manufacturing sector growing for the 75th consecutive month.

Total gross first quarter revenue for XPO was up 404.4 percent annually to $3.5 billion, with net revenue up 510.5 percent to $1.6 billion. While gross and net revenue were up, the company reported a net loss of $23.2 million, or $0.21 per diluted share and an adjusted net loss attributable to common shareholders of $9.3 million or $0.08 per share.

Regardless of capacity, pricing, or the economy, trucking industry regulations are never far from the freight transportation limelight. That is especially evident when it comes to the federally mandated hours-of-service (HOS) regulations. As usual, the current state of HOS remains somewhat fluid. And the reason for that has to do with legislation coming from the Senate Transportation Appropriations legislation that is currently being considered by the Senate.

Article Topics

News · Purchasing · Economy · Salary · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA