13 December 2001
US senior purchasers' wages have risen to more than £100,000, according to a benchmarking study supported by the National Association of Purchasing Management.
Senior Purchasing and Supply 2001 Compensation Benchmarks and Demographics, from CAPS Research, examined 110 senior purchasing and supply chain managers' wages. The average salary, with bonuses, rose in the past year from £99,909 to £112,467. Salaries before bonuses have increased by more than 7 per cent to £88,733, in line with UK figures.
In July, the BJD Group's third annual UK survey found a 9 per cent increase in purchasing directors' salaries, to £80,500.
Purcon Consultancy's study of the whole purchasing profession in the UK last month found an 8 per cent rise.
Jerry Smith, a director of Purcon, said the US pay rises demonstrated the escalating importance of purchasing to businesses today.
"Great strides have been made in the past ten years to raise procurement's profile and attract higher calibre people," he said.