Buyer, Technical Products Salary

Technical Products Buyers in the United States pull down an average of $52K per year. The pay spectrum stretches from $37K to $74K per year. Total incomes of Technical Products Buyers incorporate potential for, in a few cases, more than $5K from bonuses and close to $4K from profit sharing; these performance components cause packages to range between $37K and $74K. Geographic location and career length each impact pay for this group, with the former having the largest influence. Women make up a slight majority of Technical Products Buyers (52 percent) survey respondents. The majority of workers are highly satisfied with their job. A large number enjoy medical while most get dental coverage. Vision coverage is also available to a majority. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$38,552 - $74,896
(Median)
$39K
$52K
$75K
MEDIAN: $52,394
10%
50%
90%

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$13.74 - $29.02
(Median)
$14
$20
$29
MEDIAN: $20
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$25K$50K$75K
Salary
$38,552 - $74,896  
   
Bonus
$0.00 - $5,105  
Profit Sharing
$475.00 - $4,000  
Commission
$0.00  
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).
)
$36,518 - $74,000  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 370
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$16$32$48
Hourly Rate
$13.74 - $29.02  
   
Overtime
$14.39 - $45.14  
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$32K$64K$96K
Bonus
$0.00 - $5,105  
   
Commission
$0.00  
Profit Sharing
$475.00 - $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).
)
$36,518 - $74,000  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 88
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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. 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 $65K. Another frequent advance is for Technical Products Buyers to assume a Purchasing Agent role; in this role, workers often earn $43K.

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Popular Skills for Buyer, Technical Products


Survey results imply that Technical Products Buyers put a diverse skill set to use. Most notably, skills in Supply Chain, SAP Materials Management, Contract Negotiation, and Procurement are correlated to pay that is above average, with boosts between 6 percent and 10 percent. Most people skilled in Microsoft Excel are similarly competent in 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.


Technical Products Buyers do not generally earn higher incomes from more experience in the field. During the first five years of their careers, Technical Products Buyers see a median income of $49K. Survey respondents with five to 10 years of experience report an only modestly higher median of $52K. Technical Products Buyers claiming one to two decades of experience make an estimated median of $56K. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $61K.

Pay Difference by Location

National Average: $51,874

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

Home to some of the best pay for Technical Products Buyers, Detroit offers exceptional salaries, 21 percent above the national average. Technical Products Buyers will also find cushy salaries in Houston (+16 percent). San Diego is home to the smallest salaries in the field, lagging the national average by 1 percent.

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Experience Affects Buyer, Technical Products Salaries




National Average
$52,000


Skills That Affect Buyer, Technical Products Salaries






Inventory Control
up arrow 3%

Microsoft Excel
up arrow 1%

Materials Requirement Planning (MRP)
0%

National Average
$52,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 78 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
4%
1-4 years
30%
5-9 years
32%
10-19 years
25%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 80%
medical benefits
Vision: 69%
dental benefits
None: 8%
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