Buyer, Technical Products Salary

Median pay for Technical Products Buyers in the United States lies in the neighborhood of $51K annually. Overall incomes of Technical Products Buyers generally bottom out at around $36K and peak near $73K; the final number can, in exceptional cases, include upwards of $5K each for bonuses and profit sharing proceeds. Geographic location is the biggest factor affecting pay for this group, followed by career length. Job satisfaction is high and work is enjoyable for most Technical Products Buyers. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. Women Technical Products Buyers who took the survey just slightly outnumber men. This report is based on answers to PayScale's salary questionnaire.

$38,121 - $72,784
(Median)
$38K
$51K
$73K
MEDIAN: $50,877
10%
50%
90%

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$13.30 - $27.55
(Median)
$13
$19
$28
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
$38,121 - $72,784  
   
Bonus
$0.00 - $5,081  
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).
)
$35,781 - $72,603  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 493
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$16$32$48
Hourly Rate
$13.30 - $27.55  
   
Overtime
$15.02 - $45.14  
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$32K$64K$96K
Bonus
$0.00 - $5,081  
   
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).
)
$35,781 - $72,603  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 128
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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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Though some Technical Products Buyers move into positions like Commodity Manager (where the average salary is $82K), this progression is not the norm. More often than not, a Senior Buyer role is the next step for Technical Products Buyers moving up in the field. Senior Buyers usually make $65K per year. Many other Technical Products Buyers choose to take on a Purchasing Agent role, where salaries are typically $43K.

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Popular Skills for Buyer, Technical Products


Technical Products Buyers seem to require a number of specific skills. 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 11 percent. The majority of those who know 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.


Experience and pay tend to be weakly linked for Technical Products Buyers — those with more experience do not necessarily bring in higher earnings. Workers in their first five years can expect to earn $48K, but people who have been around for five to 10 years earn a noticeably bigger sum of $51K. Technical Products Buyers with one to two decades of relevant experience report an average salary of approximately $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


For Technical Products Buyers, busy Detroit offers a higher-than-average pay rate, 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







Materials Requirement Planning (MRP)
up arrow 3%

Microsoft Excel
up arrow 3%

National Average
$50,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 136 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
5%
1-4 years
30%
5-9 years
31%
10-19 years
24%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 80%
vision benefits Vision: 63% employee benefits None: 9%
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