1. What is the average salary of a VP of Purchasing?
The average annual salary of VP of Purchasing is $216,525.
In case you are finding an easy salary calculator,
the average hourly pay of VP of Purchasing is $104;
the average weekly pay of VP of Purchasing is $4,164;
the average monthly pay of VP of Purchasing is $18,044.
2. Where can a VP of Purchasing earn the most?
A VP of Purchasing's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a VP of Purchasing earns the most in San Jose, CA, where the annual salary of a VP of Purchasing is $273,103.
3. What is the highest pay for VP of Purchasing?
The highest pay for VP of Purchasing is $255,752.
4. What is the lowest pay for VP of Purchasing?
The lowest pay for VP of Purchasing is $176,245.
5. What are the responsibilities of VP of Purchasing?
Leads procurement and purchasing operations and develops strategic plans to provide the materials and services to meet organizational requirements for quality, volume, availability, and pricing. Evaluates and develops strategic supplier relationships, negotiates contracts, and implements systems for monitoring performance, assessing risk, and responding to changes in demand or disruptions in the supply chain. Fosters collaboration with other functions to define current and future inventory requirements and manage inventory levels. Designs processes and systems and utilizes technical tools to analyze data and increase responsiveness to material demands. Incorporates auditing processes to ensure procurement and recordkeeping comply with any applicable industry or governmental regulations. Requires a bachelor's degree. Typically reports to top management. Manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.
6. What are the skills of VP of Purchasing
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
2.)
Inventory Management: Overseeing and controlling supplies and stock to ensure that an organization maintains an adequate stock quantity.
3.)
RFP: A request for proposal (RFP) is a business document that announces a project, describes it, and solicits bids from qualified contractors to complete it.