Buyer, Technical Products Salary

For Technical Products Buyers, yearly average wages total $52K annually. Compensation ranges between $37K and $74K per year. 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 $37K and $74K. Geographic location is the biggest factor affecting pay for this group, followed by career duration. Most report receiving medical coverage from their employers and a large number collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 52 percent. Most workers in this position report high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.

$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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Though not the most common occurrence, Technical Products Buyers sometimes become Commodity Managers, where the average income is $82K per year. As Technical Products Buyers progress in their field, many go on to become Senior Buyers. In fact, this transition is more common than anything else, and pay for the position is usually $65K per year. Another common career choice for Technical Products Buyers is to move into a Purchasing Agent role. Typically, Purchasing Agents get paid $43K.

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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 Procurement are correlated to pay that is above average, with boosts between 6 percent and 10 percent. Those familiar with Microsoft Excel also tend to 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 do not generally earn higher incomes from more experience in the field. People who have worked for fewer than five years earn around $49K, and folks with five to 10 years of experience see a modestly higher median of $52K. On average, Technical Products Buyers make $56K following one to two decades on the job. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; a Technical Products Buyer with more than 20 years of experience can earn $61K on average.

Pay Difference by Location

National Average: $51,874

Larger city markers indicate a job is popular in that 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). The lowest-paying market is San Diego, which sits 1 percent below the national average.

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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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