NLPA Report Paints Dismal Look at Procurement, Supply Chain Salaries in 2016

salary William Alexander/Adobe Stock

The global average salary for a purchaser or supply chain management professional is $53,630, down from the 2015 average salary, according to the recent Next Level Purchasing Association 2016 salary report. The survey of more than 1,300 purchasing and supply management professionals from around the world conducted earlier this year shows some in the field are having trouble accelerating their salary growth, the report said.

Energy Prices: Does the Current Recovery Have Legs?

Spend Matters welcomes this guest post from Cristian Niculescu-Marcu, senior economist at IHS.

Despite a lackluster global economy and some worrying manufacturing sector signals coming from China and the U.S., growing seasonal strength is providing support to energy prices as they rally from January's multi-year lows. IHS anticipates that global liquids demand will rise by about 1.2 MMb/d in 2016 — growth that, while less than last year’s, is nonetheless key to reducing the world's crude oil supply overhang.

Business Intelligence to Transform Procurement