Improving the ways in which a company procures resources is chief among the responsibilities of a supply-chain management consultant -- or SCM consultant, for short. Employers seeking consultants often want a proven track record in research, analysis and negotiation, as each skill helps this procurement professional find and secure the right products at the right prices so a business can turn a profit. Salaries are in line with supply-chain managers.
As of 2012, the average salary of a supply chain manager was just over $106,000 annually, according to the Bureau of Labor Statistics. While this figure provides some idea of what a consultant can make, it’s still an average for full-time positions. A survey by the Institute for Supply Management provides a clearer picture of the earnings for this role, estimating the average at $116,408. Indeed, a jobs website, sets the salary a bit lower, at an average of $101,000 a year.
According to the Center for American Progress, women earn roughly 77 cents for every dollar earned by men, and the discrepancy in salary is even greater in supply-chain management. Male consultants are likely to earn closer to $146,916 a year. Females, on the other hand, earn $72,599 in similar roles.
Though voluntary, professional certifications signify skill and knowledge in supply-chain management. Better yet, they improve earnings. Those holding a Certified Professional in Supply Management, or CPSM, designation earned an average of $106,762 a year, while those without certification made $97,418, notes the ISM. Procurement professionals with one or more other certifications, such as Certified Purchasing Professional, Certified Purchasing Professional Manager or Certified Supply Chain Professional, averaged $109,108 annually. Prerequisites to earn certification vary, but most require three years of experience in the field.
From 2010 to 2020, employment opportunities for supply-chain managers should grow by about 7 percent, reports the BLS. This is half the estimated growth rate for all U.S. occupations, which is currently set at 14 percent. As far as exact numbers go, you’re looking at 4,900 new jobs. Procurement professionals leaving their careers should generate additional opportunities for SCM consultants.
- Bureau of Labor Statistics: Occupational Outlook Handbook – Purchasing Managers, Buyers and Purchasing Agents
- Bureau of Labor Statistics: Purchasing Managers
- Institute for Supply Management: ISM’s 2012 Salary Survey
- Indeed: Supply Chain Consultant
- Center for American Progress: Why Women Continue to Make 77 Cents to a Man’s Dollar and the Real Impacts of the Gender Wage Gap