Accounting Degrees
Supply Chain Management DegreeStudy to become a purchaser, buyer, inventory manager and more
All companies require materials and supplies to run their daily operations. A contract or supply chain manager is responsible for making sure that those supplies are available for employees. They manage contracts with suppliers, predict the company's future needs, and meet with executives about contract decisions. They are often skilled negotiators and can get the best price for materials the company needs.
In the workforce, a supply chain or contract manager may be called a purchaser, buyer, or inventory manager. These managers work in industries, department stores, restaurants, and any other businesses that require supplies and inventory.
Supply and contract managers completing a degree in supply chain management or contact management gain a strong education in business and finance. They often are required to complete courses in finance, computer systems, business marketing, and contract analysis.
In 2004, purchasing managers reported an estimated annual income of $78,020 to the Bureau of Labor Statistics. The BLS expects a 4.8 % growth in jobs in that field between 2002 and 2012. Buyers reported an income of $48,450 in 2004 and expect an 8.6 % growth in that job market between 2002 and 2012. Financial mangers are expected to see similar growth at 8.9 % and have an estimated annual income of $91,610.