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

With NFL training camps in full swing, it stands to reason that Congress must be replete with football fans, given how it basically has elected to punt on federal transportation funding yet again, with the Senate yesterday signing off on a ten-month bill to keep federal surface transportation funding intact through May 2015 through a nearly $11 billion stopgap measure.

Carload volumes were up 4.3 percent at 306,988, and intermodal volume for the week ending July 26 was up 3.3 percent at 264,809

Lyon, France-based Norbert Dentressangle, a $5.5 billion global third-party logistics (3PL) services provider focused on global logistics, transport, ocean, and air services, said today it has acquired Des Moines, Iowa-based Jacobson Companies, a value-added warehousing (VAW) company, for $750 million from private equity firm Oak Hill Capital Partners.

Download the newly released research report, "Transportation Management Systems" conducted by Peerless Research Group (PRG) on behalf of Supply Chain Management Review and Logistics Management magazines. Learn what logistic experts are saying about their current supply chain technology infrastructures, how they tackle the transportation component, and revealed the gaps that still need to be filled in order to attain end to-end visibility of a streamlined supply chain.

From cost center to growth center. Get insightful opinions on changes in the marketplace from this independent survey of warehouse personnel. Motorola Solutions examined the current warehousing marketplace in our 2013 Warehouse Vision Report, conducted April-May of 2013.

Article Topics

News · Purchasing · Economy · Salary · All topics

Comments

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


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA