Buyer, Technical Products Salary

Pay for Technical Products Buyers in the United States sits in the ballpark of $60K annually. Residence is the biggest factor affecting pay for this group, followed by career length. Nearly all receive medical and dental insurance and a strong majority get vision insurance. Job satisfaction is high and work is enjoyable for most Technical Products Buyers. Technical Products Buyers who participated in the survey are largely men, dominating at 60 percent. This snapshot results from replies to PayScale's salary survey.

$45,851 - $86,522
$46K
$60K
$87K
MEDIAN: $60,322
10%
50%
90%

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$16.59 - $38.00
$17
$21
$38
MEDIAN: $21.37
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$29K$58K$87K
Salary
$45,851 - $86,522  
   
Bonus
$937 - $5,192  
Profit Sharing
$900  
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).
)
$41,879 - $85,843  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 83
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
$16.59 - $38.00  
   
Overtime
$32.63  
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
$937 - $5,192  
   
Profit Sharing
$900  
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).
)
$41,879 - $85,843  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 19

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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

  • Identify suppliers, select merchandise and negotiate bills of sale for a business.
  • Inspect deliveries for shipping errors, improper handling, or quality issues.
  • Ensure that orders are delivered on time and at cost.
  • Resolve billing and shipping problems and provide information to suppliers.

Common Career Paths for Buyer, Technical Products


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There are some Technical Products Buyers — though it's uncommon — that transition into Commodity Managers, where earnings are an average $83K annually. Becoming a Senior Buyer is, more often than not, the most common role that Technical Products Buyers move into when they're ready for the next step in their career. The average salary for the position is $66K. Another frequent advance is for Technical Products Buyers to assume a Purchasing Agent role; in this role, workers often earn $43K.

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Popular Skills for Buyer, Technical Products


Technical Products Buyers report using a pretty varied skill set on the job. Most notably, skills in SAP Materials Management, Contract Negotiation, Negotiation, and Supply Chain are correlated to pay that is above average. Skills that seem to negatively impact pay include Inventory Control, Microsoft Excel, and Materials Requirement Planning. Most people who know Microsoft Excel also know Contract Negotiation and Materials Requirement Planning (MRP). The majority of those who know Negotiation also know Procurement and Materials Requirement Planning (MRP).

Pay by Experience Level for Buyer, Technical Products

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Salaries of relatively inexperienced workers fall in the neighborhood of $55K, but folks who have racked up five to 10 years see a notably higher median of $65K. After working for 10 to 20 years, Technical Products Buyers make a median salary of $62K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $60K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Pay Difference by Location

National Average: $60,345

Larger city markers indicate a job is popular in that location.

Although location is not a huge compensation factor, Technical Products Buyers in Detroit do earn slightly more than the national average. The smallest paychecks in the market, 19 percent south of the national average, can be found in Houston.

Related Job Salaries

Key Stats for Buyer, Technical Products

Gender

Female
40 %
Male
60 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 11 votes.
Less than 1 year
3%
1-4 years
32%
5-9 years
33%
10-19 years
21%
20 years or more
11%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Buyer, Technical Products Salaries

▲8%

▲3%

▼0%

National Average
$60,000

▼9%

Skills That Affect Buyer, Technical Products Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 11 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
3%
1-4 years
32%
5-9 years
33%
10-19 years
21%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 93%
vision benefits
Vision: 78%
dental benefits
None: 4%
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