Buyer, Technical Products Salary

The average Technical Products Buyer in the United States can expect to rake in roughly $62K annually. Geographic location is the biggest factor affecting pay for this group, followed by tenure. Medical and dental benefits are awarded to nearly all, and a strong majority earn vision coverage. Men account for the majority of Technical Products Buyers who responded to the questionnaire — 62 percent to be exact. Most Technical Products Buyers report high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$45,546 - $86,414
$46K
$62K
$86K
MEDIAN: $62,183
10%
50%
90%

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$16.54 - $36.23
$17
$21
$36
MEDIAN: $21.49
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$29K$58K$87K
Salary
$45,546 - $86,414  
   
Bonus
$956 - $5,493  
Profit Sharing
$2,500  
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).
)
$41,143 - $86,012  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 89
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$15$30$45
Hourly Rate
$16.54 - $36.23  
   
Overtime
$38.12  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30K$60K$90K
Bonus
$956 - $5,493  
   
Profit Sharing
$2,500  
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).
)
$41,143 - $86,012  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 18

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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

  • 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 do not often transition into Commodity Manager roles. The role averages $83K per year. 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 $66K 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 pretty varied skill set on the job. Most notably, skills in SAP Materials Management, Contract Negotiation, Negotiation, and Supply Chain are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Inventory Control, Microsoft Excel, and Materials Requirement Planning. For most people, competency in Microsoft Excel indicates knowledge of Contract Negotiation and Materials Requirement Planning (MRP). Most people experienced in Negotiation also know Procurement 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: $61,360

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

Though Technical Products Buyers can find somewhat larger paychecks in Detroit — just above the national average — location actually has a very small overall effect on compensation in this occupation. Compared to the national average, Houston Technical Products Buyers have considerably lower salaries, 20 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession.

Related Job Salaries

Key Stats for Buyer, Technical Products

Gender

Female
38 %
Male
62 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.
Less than 1 year
3%
1-4 years
33%
5-9 years
33%
10-19 years
21%
20 years or more
10%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Buyer, Technical Products Salaries

▲6%

▲1%

National Average
$61,000

▼2%

▼11%

Skills That Affect Buyer, Technical Products Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
3%
1-4 years
33%
5-9 years
33%
10-19 years
21%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 91%
vision benefits
Vision: 78%
no benefits
None: 3%
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