Purchasing & Supply Management Salaries on The Up
Finally it seems that purchasing and supply chain management salaries are seeing an upward trend.
Next Level Purchasing Association Resources
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A new report 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 (free membership), 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 Supply Chain 24/7 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.
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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]