Introduction
Supply chain management is an essential part of any business or organization. It involves managing the flow of goods and services from one point to another, ensuring that everything runs smoothly and efficiently. As such, it’s no surprise that supply chain managers are highly sought after and well-paid positions. But what exactly do they make? In this article, we’ll take a look at how much supply chain managers make and explore salaries in different industries.
A Comprehensive Guide to Salaries of Supply Chain Managers
Before we delve into the specifics of salaries for different industries, let’s first take a look at the overall salaries of supply chain managers. According to ZipRecruiter, the average salary for a supply chain manager is $76,619 per year.
How Much Do Supply Chain Managers Earn?
The exact salary for a supply chain manager will vary depending on a number of factors, such as experience, education, and location. For example, someone with more experience and/or a higher degree may command a higher salary than someone with less experience and/or a lower degree. Additionally, salaries can vary significantly based on location. For instance, someone working in a major city may earn more than someone working in a smaller town.
What is the Average Salary of a Supply Chain Manager?
As mentioned above, according to ZipRecruiter, the average salary for a supply chain manager is $76,619 per year. However, this figure can vary greatly depending on the factors mentioned previously. For example, those who live in major cities may have higher salaries due to cost of living differences.
A Breakdown of Supply Chain Manager Pay Rates
In addition to the average salary, it’s also important to consider the breakdown of pay rates for supply chain managers. According to the U.S. Bureau of Labor Statistics, the lowest 10 percent of supply chain managers make less than $49,300 per year; the highest 10 percent make more than $137,790 per year. The median annual salary is $99,530.
Exploring the Salaries of Supply Chain Managers in Different Industries
Now that we’ve explored the overall salaries of supply chain managers, let’s take a look at salaries in different industries. Understanding salaries in various industries can help you determine which field is best suited for you and your career goals.
Salaries of Supply Chain Managers in IT Industry
IT (information technology) is a rapidly growing industry, and many companies rely on supply chain managers to ensure that their operations run smoothly. According to Glassdoor, the average salary for a supply chain manager in the IT industry is $88,890 per year. However, this figure can vary significantly based on experience and other factors.
Salaries of Supply Chain Managers in Manufacturing Industry
Manufacturing is another industry that heavily relies on supply chain management. According to ZipRecruiter, the average salary for a supply chain manager in the manufacturing industry is $83,071 per year. Again, this figure can vary depending on experience and other factors.
Salaries of Supply Chain Managers in Retail Industry
Retail businesses also need supply chain managers to ensure that products are delivered in a timely manner and at the right price. According to ZipRecruiter, the average salary for a supply chain manager in the retail industry is $79,733 per year. This figure can also vary depending on experience and other factors.
Salaries of Supply Chain Managers in Healthcare Industry
Finally, the healthcare industry is another sector that requires the expertise of supply chain managers. According to ZipRecruiter, the average salary for a supply chain manager in the healthcare industry is $84,261 per year. Again, this figure can vary depending on experience and other factors.
Conclusion
In conclusion, supply chain managers play an important role in many different industries. They are responsible for ensuring that goods and services are delivered in a timely and efficient manner. While the average salary for a supply chain manager is $76,619 per year, salaries can vary significantly depending on experience, education, and location. Additionally, salaries can vary by industry, with the IT, manufacturing, retail, and healthcare industries all offering different pay rates. Finally, it’s important to remember that the best way to negotiate higher pay is to demonstrate knowledge and experience.
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