Buyer, Technical Products Salary

Pay for Technical Products Buyers in the United States sits in the ballpark of $51K annually. Total cash compensation to Technical Products Buyers varies from $35K to $72K; higher pay grades include potential for bonuses and profit sharing as high as $5K each. Geography is the biggest factor affecting pay for this group, followed by years of experience. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 53 percent. For the most part, Technical Products Buyers enjoy their work and report high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.

$37,656 - $72,589
(Median)
$38K
$51K
$73K
MEDIAN: $50,703
10%
50%
90%

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$13.35 - $27.44
(Median)
$13
$19
$27
MEDIAN: $19.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25K$50K$75K
Salary
$37,656 - $72,589  
   
Bonus
$0.00 - $5,073  
Profit Sharing
$360.65 - $4,848  
Commission
$0.00 - $4,096  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$35,427 - $72,389  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 502
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15$30$45
Hourly Rate
$13.35 - $27.44  
   
Overtime
$15.05 - $44.99  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30K$60K$90K
Bonus
$0.00 - $5,073  
   
Commission
$0.00 - $4,096  
Profit Sharing
$360.65 - $4,848  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$35,427 - $72,389  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 131
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Job Description for Buyer, Technical Products

Buyers of technical products oversee the purchase of raw materials and technical equipment necessary for effective manufacturing. After project managers outline the manufacturing processes, the buyer for the technical products must help determine the raw materials needed and begin the purchasing process. They need to understand the specifications of these materials (for instance what kind of metal used for an airframe or for I-beams in the construction process). Buyers of technical products also have to follow the production schedule so that the necessary materials are on hand when they are needed, not stored on site for months beforehand or arriving days late holding up other workers. Developing productive relationships with vendors and suppliers is important in this position; buyers must also be able to hold vendors accountable to their side of the agreements. These professionals' skills at product research and vendor relationships help contribute to reducing overall costs of manufacturing and production as well. Buyers of technical products also verify shipments and work with accounting professionals to make sure invoices are paid according to contract.

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Buyer, Technical Products Tasks

  • Ensure that orders are delivered on time and at cost.
  • Resolve billing and shipping problems and provide information to suppliers.
  • Identify suppliers, select merchandise and negotiate bills of sale for a business.
  • Inspect deliveries for shipping errors, improper handling, or quality issues.

Common Career Paths for Buyer, Technical Products


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While Technical Products Buyers do not often become Commodity Managers, the job pays $82K per year on average. As Technical Products Buyers progress in their field, many go on to become Senior Buyers. In fact, this transition is more common than anything else, and pay for the position is usually $65K per year. Another common career choice for Technical Products Buyers is to move into a Purchasing Agent role. Typically, Purchasing Agents get paid $43K.

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Popular Skills for Buyer, Technical Products


Technical Products Buyers report using a diverse set of skills on the job. Most notably, skills in Supply Chain, SAP Materials Management, Contract Negotiation, and Procurement are correlated to pay that is above average, with boosts between 8 percent and 12 percent. Most people experienced in Microsoft Excel also know Materials Requirement Planning (MRP) and Contract Negotiation.

Pay by Experience Level for Buyer, Technical Products

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Technical Products Buyers, extensive experience does not lead to significantly more money. Although individuals who have less than five years' experience earn $48K on average, people with five to 10 years benefit from a notably larger average of $51K. After working for 10 to 20 years, Technical Products Buyers make a median salary of $54K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $56K.

Pay Difference by Location


Detroit offers some of the highest pay in the country for Technical Products Buyers, 26 percent above the national average. Technical Products Buyers will also find cushy salaries in Houston (+13 percent) and San Diego (+2 percent).

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Experience Affects Buyer, Technical Products Salaries




National Average
$50,000


Skills That Affect Buyer, Technical Products Salaries







Microsoft Excel
up arrow 4%

Materials Requirement Planning (MRP)
up arrow 3%

National Average
$50,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 143 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
5%
1-4 years
31%
5-9 years
32%
10-19 years
24%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 80%
vision benefits Vision: 64% employee benefits None: 9%
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