What is a purchasing manager?
A purchasing manager buys materials or parts for a company to resell or create
goods or services. The purchasing manager researches each component to compare
quality, cost, and accessibility. The manager selects potential vendors to work
with, solicits bids, negotiates contracts, and makes sure the contract is
At some companies, the purchasing manager job description includes overseeing a
small team of buyers or purchasing agents as well.
How is this role monitored?
The purchasing manager will report to the chief operating officer (COO) or a
vice president of the supply chain in many cases, especially if purchasing is
crucial to daily operations.
Purchasing managers are often asked to keep reports on selected vendors and
alternatives. The reports show the COO or VP of the supply chain why vendors
were selected, the amount of money saved, and resource quantities available.
Purchasing manager salary
The average salary for purchasing managers is $121,110.
In 2019, there were 526,000 people in the role of purchasing manager. Over the
next decade, the number of purchasing manager jobs is expected to grow by 3%,
while others in the field, like buyers and purchasing agents, will likely lose
What does a purchasing manager do?
Purchasing manager responsibilities focus on finding and obtaining materials or
parts for a company. The day-to-day functions of a purchasing manager are to:
- Develop a list of inventory needed and plan a purchasing strategy
- Research vendors, visit plants, and request bids from a small pool of selected suppliers
- Network with vendors and attend events as necessary (trade shows, networking events, etc.)
- Craft and negotiate contracts on behalf of the company
- Make sure the contract is fulfilled and quality control is maintained
- Identify problems and implement solutions to improve the purchasing process
- Maintain inventory amounts and make purchases accordingly
- Train new employees and provide guidance necessary to be an effective buyer
- Keep records of all vendors, contracts, and correspondence