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Buyer, Technical Products Salary

Technical Products Buyers in the United States can expect wages of $51K annually on average. Earnings sit near $35K on the lower side but can approach $73K per year on the higher side. Total incomes of Technical Products Buyers incorporate potential for, in a few cases, more than $5K from bonuses and close to $5K from profit sharing; these performance components cause packages to range between $35K and $73K. Career duration is the biggest factor affecting pay for this group, followed by geography. Most enjoy medical while a large number get dental coverage. Vision coverage is also available to a majority. Women Technical Products Buyers who took the survey just slightly outnumber men. For the most part, Technical Products Buyers enjoy their work and report high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
$37,242 - $73,081
(Median)
$37K
$51K
$73K
MEDIAN: $51,014
10%
50%
90%

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$13.10 - $26.74
(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
$37,242 - $73,081  
   
Bonus
$0.00 - $5,170  
Profit Sharing
$302.01 - $4,838  
Commission
$0.00 - $7,000  
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).
)
$35,150 - $73,077  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 716
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$14$28$42
Hourly Rate
$13.10 - $26.74  
   
Overtime
$15.12 - $41.73  
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$28K$56K$84K
Bonus
$0.00 - $5,170  
   
Commission
$0.00 - $7,000  
Profit Sharing
$302.01 - $4,838  
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).
)
$35,150 - $73,077  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 168
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

  • 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 $81K annually. Going from Technical Products Buyer to Purchasing Agent is the transition that occurs most often in this field, and the average paycheck for Purchasing Agents is $42K. Many others choose to work as Senior Buyers, where pay is typically $65K.

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Popular Skills for Buyer, Technical Products


Survey results show that Technical Products Buyers use a fair number of skills. 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 7 percent and 10 percent. Those proficient in Microsoft Excel are, more often than not, also skilled 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, experience does not seem to be a major factor in determining pay. The average inexperienced worker's salary is approximately $47K, and people with five to 10 years of experience bring in more at around $51K on average. Technical Products Buyers see a median salary of $55K after reaching one to two decades on the job. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $59K.

Pay Difference by Location


Home to some of the best pay for Technical Products Buyers, Detroit offers exceptional salaries, 26 percent above the national average. Technical Products Buyers will also find cushy salaries in Houston (+11 percent) and San Diego (+6 percent).

Related Job Salaries

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 2%

National Average
$50,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 220 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

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

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 81%
vision benefits Vision: 64% employee benefits None: 8%