Buyer, Technical Products Salary

The average Technical Products Buyer in the United States can expect to rake in roughly $51K annually. In the world of Technical Products Buyers, overall cash allowance can occasionally include more than $5K from bonuses and, in some exceptional cases, $4K from profit sharing, causing incomes to vary widely between $35K and $72K. Experience level is the biggest factor affecting pay for this group, followed by geography. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 52 percent. Medical benefits are awarded to most, and a large number earn dental coverage. Most Technical Products Buyers like their work and job satisfaction is high. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$37,430 - $72,729
(Median)
$37K
$51K
$73K
MEDIAN: $50,932
10%
50%
90%

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$13.27 - $26.54
(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
$37,430 - $72,729  
   
Bonus
$0.00 - $5,105  
Profit Sharing
$103.04 - $4,257  
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).
)
$35,376 - $72,081  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 604
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
$13.27 - $26.54  
   
Overtime
$15.31 - $44.83  
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 - $5,105  
   
Commission
$0.00 - $4,096  
Profit Sharing
$103.04 - $4,257  
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).
)
$35,376 - $72,081  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 146

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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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It's not very common for Technical Products Buyers to move on to become Commodity Managers. Average pay for a Commodity Manager is $82K annually. A Purchasing Agent role is the most prevalent career advancement for Technical Products Buyers. Paychecks for that role are $43K on average. The Senior Buyer position is another common transition for Technical Products Buyers; in this role, salaries are typically at the $65K mark.

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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 Inventory Control are correlated to pay that is above average, with boosts between 8 percent and 11 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.


For Technical Products Buyers, more experience in the field does not usually mean bigger paychecks. Average salaries for inexperienced employees average out to around $47K, but folks who have five to 10 years of experience earn a higher median of $51K. Technical Products Buyers claiming one to two decades of experience make an estimated median of $55K. More than 20 years of experience mean a somewhat bigger median paycheck of $58K, but it's not much more than what less experienced people make.

Pay Difference by Location


Technical Products Buyers will find that Detroit offers an impressive pay rate, one which exceeds the national average by 23 percent. Technical Products Buyers will also find cushy salaries in Houston (+14 percent) and San Diego (+7 percent).

Related Job Salaries

United States (change)

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 178 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 80%
vision benefits Vision: 63% employee benefits None: 8%