Buyer, Technical Products Salary

Technical Products Buyers in the United States pull down an average of $64K per year. Geography and tenure each impact pay for this group, with the former having the largest influence. Most Technical Products Buyers like their work and job satisfaction is high. Almost all receive medical and dental insurance and a fair number get vision insurance. The majority of Technical Products Buyers (60 percent) survey respondents are male. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$45,395 - $88,528
$45K
$64K
$89K
MEDIAN: $63,897
10%
50%
90%

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$16.53 - $29.27
$17
$21
$29
MEDIAN: $21.06
10%
50%
90%

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$0$91K
Salary $45,395 - $88,528
Bonus $970 - $5,407
Profit Sharing $4,000
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).
)
$40,582 - $91,122
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 86
Hourly Data $0$40
Hourly Rate $16.53 - $29.27
Overtime $38.12
Annual Data $0$91K
Bonus $970 - $5,407
Profit Sharing $4,000
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).
)
$40,582 - $91,122
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 19

Find Out Exactly What You Should Be Paid

United States (change)

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

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

Common Career Paths for Buyer, Technical Products


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Technical Products Buyers who advance into the role of a Commodity Manager are fairly uncommon. Commodity Managers on average earn $83K per year. Becoming a Senior Buyer is, more often than not, the most common role that Technical Products Buyers move into when they're ready for the next step in their career. The average salary for the position is $66K. Another frequent advance is for Technical Products Buyers to assume a Purchasing Agent role; in this role, workers often earn $43K.

Buyer, Technical Products Job Listings

Popular Skills for Buyer, Technical Products


Technical Products Buyers seem to require a number of specific skills. Most notably, skills in SAP Materials Management, Contract Negotiation, Negotiation, and Supply Chain are correlated to pay that is above average. Skills that pay less than market rate include Inventory Control, Microsoft Excel, and Materials Requirement Planning. Skill sets containing Negotiation also tend to include Procurement and Materials Requirement Planning (MRP). Most people experienced in Microsoft Excel also know Contract Negotiation and Materials Requirement Planning (MRP).

Pay by Experience Level for Buyer, Technical Products

Pay by Experience for a Buyer, Technical Products has a positive trend. An entry-level Buyer, Technical Products with less than 5 years of experience can expect to earn an average total compensation of $55,000 based on 45 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Buyer, Technical Products with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $65,000 based on 40 salaries. An experienced Buyer, Technical Products which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $62,000 based on 25 salaries. A Buyer, Technical Products with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $60,000 based on 11 salaries.

Pay Difference by Location

National Average: $62,297

Larger city markers indicate a job is popular in that location.

Although Technical Products Buyers working in Detroit have incomes that are slightly above the national average, geography doesn't actually seem to affect pay that much. One of the biggest compensable factors for Technical Products Buyers is geography, with workers in Houston earning a whopping 21 percent below the national average.

Buyer, Technical Products Reviews

Q: What is it like working as a Buyer, Technical Products?

Buyer, Technical Products in San Diego:
Pros: I enjoy working in a technical and well-respected industry.
Cons: The company is focused only on cost savings initiatives. They sacrifice quality, reliability, and supplier relationships, at the expense of the buyer. They expect buyers to turn low cost third world country suppliers into "gold" suppliers.

Related Job Salaries

Key Stats for Buyer, Technical Products

Gender

Female
40 %
Male
60 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.
Less than 1 year
3%
1-4 years
30%
5-9 years
32%
10-19 years
24%
20 years or more
10%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Buyer, Technical Products Salaries

▲4%

▼0%

National Average
$62,000

▼4%

▼12%

Skills That Affect Buyer, Technical Products Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 14 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
3%
1-4 years
30%
5-9 years
32%
10-19 years
24%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 90%
vision benefits
Vision: 77%
no benefits
None: 5%
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