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Buyer, Technical Products Salary

Median pay for Technical Products Buyers in the United States is around $51K per year. Total cash compensation to Technical Products Buyers approaches anywhere from $35K on the lower end to $72K on the higher end; in exceptional cases, this can include more than $5K from bonuses and upwards of $4K from profit sharing. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Most Technical Products Buyers like their work and job satisfaction is high. Medical benefits are awarded to a large number, and most earn dental coverage. Women Technical Products Buyers who took the survey just slightly outnumber men. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$37,783 - $72,876
(Median)
$38K
$51K
$73K
MEDIAN: $50,824
10%
50%
90%

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$13.19 - $26.92
(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
$37,783 - $72,876  
   
Bonus
$0.00 - $5,111  
Profit Sharing
$500 - $4,350  
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).
)
$35,426 - $72,318  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 568
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$16$32$48
Hourly Rate
$13.19 - $26.92  
   
Overtime
$15.24 - $45.30  
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$32K$64K$96K
Bonus
$0.00 - $5,111  
   
Commission
$0.00 - $4,096  
Profit Sharing
$500 - $4,350  
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).
)
$35,426 - $72,318  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 142

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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. 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 seem to require a number of specific 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 8 percent and 12 percent. Most people who know Microsoft Excel also know 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 with a lot of experience do not necessarily enjoy more money. Those who have worked for fewer than five years take home a median salary of $47K, and workers with five to 10 years of experience earn a higher $51K on average. People with 10 to 20 years of experience make an average of about $55K in this role. 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 $58K.

Pay Difference by Location


For Technical Products Buyers, working in the bustling city of Detroit has its advantages, including an above-average pay rate. Technical Products Buyers will also find cushy salaries in Houston (+16 percent) and San Diego (+6 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 169 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
5%
1-4 years
29%
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: 64% employee benefits None: 8%
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