Buyer, Technical Products Salary (United States)

Pay for Technical Buyers in the United States is typically around $50,029 annually. Compensation starts at $35,101 and can reach $72,699 per year. Experience level and the particular city each impact pay for this group, with the former having the largest influence. The greater part report receiving medical coverage from their employers and a strong majority collect dental insurance. Men make up a slight majority of Technical Buyers (50 percent). Job satisfaction is reported as high by the vast majority of workers. The data for this snapshot was collected from individuals who took PayScale's salary survey.
Buyer, Technical Products Salary (?
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.
)
$37,613 - $72,660
(Median)
38K
44K
51K
62K
73K
MEDIAN: $50,992
10%
25%
50%
75%
90%
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Buyer, Technical Products Salary (?
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.
)
$12.79 - $26.56
(Median)
13
15
19
22
27
MEDIAN: $18.00
10%
25%
50%
75%
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
$37,613 - $72,660  
   
Bonus
$0.00 - $5,180  
Profit Sharing
$304.10 - $4,827  
Commission
$0.00 - $4,069  
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).
)
$35,101 - $72,699  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 802
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
$12.79 - $26.56  
   
Overtime
$14.98 - $39.15  
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 - $5,180  
   
Commission
$0.00 - $4,069  
Profit Sharing
$304.10 - $4,827  
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).
)
$35,101 - $72,699  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 190
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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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Technical Buyers who transition into Commodity Managers are seldom found, but they do earn an extra $31K per year. Technical Buyers go on to become Non-Farm Products Purchasing Agents more often than anything else despite lower paychecks (-$7,611). Technical Buyers can find higher salaries (+$14,438) when they move into a Senior Buyer role, another well-traveled path for those in this field.

Buyer, Technical Products Job Listings

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Popular Skills for Buyer, Technical Products

Survey results suggest that Technical Buyers put a wide range of professional skills to use. Most notably, skills in Supply Chain, SAP Materials Management (SAP MM), Contract Negotiation, and Inventory Control are correlated to pay that is above average, with boosts of 11 percent, 9 percent, 7 percent, and 7 percent, respectively. 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.
For many Technical Buyers, experience and pay seem to be weakly connected; experience does not necessarily lead to more money. In five to 10 years time, starting salaries of $47K can reach $51K. After 10 to 20 years, compensation comes in at $55K. As Technical Buyers reach two decades on the job, salary growth continues, albeit at a slower pace, with pay averaging $59K. Experienced employees who have 10-20 years of experience make up about one-fourth of the workforce; inexperienced individuals who have been working for less than one year comprise less than five percent, and senior people with more than 20 years under their belt fill out the remaining less than 10 percent. Between one and nine years is the typical spectrum of experience for those in this line of work—of those who took the survey, a majority land within it.

Pay Difference By Location

Detroit
up arrow 26%
up arrow 10%
San Diego
up arrow 4%
National Average
$50,000
Larger circles over a city indicate a job is popular in that location.
Technical Buyers will find that Detroit offers an impressive pay rate, one which exceeds the national average by 26 percent. Technical Buyers will also find cushy salaries in Houston (+10 percent) and San Diego (+4 percent).

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Experience Affects Buyer, Technical Products Salaries

National Average
$50,000

Skills That Affect Buyer, Technical Products Salaries

Inventory Control
up arrow 6%
Materials Requirement Planning (MRP)
up arrow 3%
Microsoft Excel
up arrow 1%
National Average
$50,000

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 250 votes.

Gender

Female
50%
female alumni
 
Male
50%
male alumni

Years of Experience

Less than 1 year
5%
1-4 years
32%
5-9 years
30%
10-19 years
24%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 81%
vision benefits Vision: 64% employee benefits None: 8%