Buyer, Technical Products Salary

Earnings for Technical Products Buyers in the United States come in at around $51K per year on average. Incomes of Technical Products Buyers vary widely depending on performance components; bonuses and profit sharing that can occasionally exceed $5K cause paychecks to spread between $36K on the low end and $73K on the high end. Residence and career duration each impact pay for this group, with the former having the largest influence. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 53 percent. Most Technical Products Buyers like their work and job satisfaction is high. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$37,950 - $73,175

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$13.46 - $27.71

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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
$37,950 - $73,175  
   
Bonus
$0.00 - $5,073  
Profit Sharing
$354.79 - $4,932  
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).
)
$35,710 - $72,958  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 468
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
$13.46 - $27.71  
   
Overtime
$14.95 - $43.88  
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
$0.00 - $5,073  
   
Commission
$0.00 - $4,096  
Profit Sharing
$354.79 - $4,932  
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).
)
$35,710 - $72,958  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 124
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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. The most common promotion for Technical Products Buyers is Senior Buyer, a position that typically pays $65K annually. Another standard transition for Technical Products Buyers seeking advancement is to assume a Purchasing Agent role, where pay is often $43K.

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Popular Skills for Buyer, Technical Products


Technical Products Buyers generally report applying a varied skill set to their work. Most notably, skills in Supply Chain, SAP Materials Management, Contract Negotiation, and Procurement 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 many Technical Products Buyers, extensive experience does not lead to significantly more money. Salaries of relatively inexperienced workers fall in the neighborhood of $48K, but folks who have racked up five to 10 years see a notably higher median of $51K. After working for 10 to 20 years, Technical Products Buyers make a median salary of $53K. 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 $55K.

Pay Difference by Location


Technical Products Buyers will find that Detroit offers an impressive pay rate, one which exceeds the national average by 26 percent. Technical Products Buyers will also find cushy salaries in Houston (+14 percent) and San Diego (+2 percent).

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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 127 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
5%
1-4 years
30%
5-9 years
31%
10-19 years
25%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 80%
vision benefits Vision: 64% employee benefits None: 9%
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