Junior Buyer Salary
Job Description for Junior Buyer
Junior buyers are responsible for administrative and financial related tasks for their organization. They manage different aspects of supplier products, inspecting quality and arranging shipping costs. They also coordinate company purchases with other departments and authorize use of resources. Junior buyers must maintain accurate records of current and prospect suppliers and their performance, and so they need to possess strong data entry skills.Read More...
One of the junior buyer's main responsibilities is managing physical and digital purchasing records. Junior buyers work to obtain quotes and find specific requirements for their organization's needs. They negotiate pricing, as well as other conditions with vendors to ensure the best pricing and profit margin for their organization. Junior buyers work hard to remove costs and consolidate supplier requirements, and they must provide constant support to management executives. They also must follow current market trends related to materials and prices. They follow strict purchasing policies and procedures, as well as expedite orders and track deliveries to ensure company satisfaction. One of the junior buyer's main tools include a personal computer to create daily purchasing requisitions and reports, as well as send documents and orders for approval.
Junior buyers must be excellent team players and also work well independently. They must possess strong communication skills, as they report and deliver status reports to the supervisor or president in their department. These buyers must have strong analytical abilities and work well under pressure. A bachelor's degree in business, supply chain, commerce or related field is needed for this position. In addition, relevant business certifications are a plus.
Junior Buyer Tasks
- Advise retail outlets how to price products based on purchase price and market trends.
- Research suppliers to determine which ones fit company pricing and quality objectives.
- Assist buyers and managers with writing purchase orders, buying merchandise, and managing inventory.
Common Career Paths for Junior Buyer
Junior Buyers' salaries may rise greatly for those who assume a higher-end position such as a Senior Buyer. The average Senior Buyer brings home $66K per year. Typical career progression for a Junior Buyer involves becoming a Buyer or an Industrial Components Buyer, roles that pay $6K more and $6K more on average.
Assistant Buyer Job Listings
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Popular Skills for Junior Buyer
Survey results suggest that Junior Buyers put a wide range of professional skills to use. Most notably, skills in Data Analysis, Purchasing, Materials Requirement Planning, and Microsoft Excel are correlated to pay that is above average. Those listing Data Entry as a skill should be prepared for drastically lower pay. Order Inventory and Negotiation also typically command lower compensation. Most people skilled in Microsoft Excel are similarly competent in Data Analysis.
Pay by Experience Level for Junior Buyer
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Salaries for inexperienced workers average out to $41K, and those with five to 10 years' experience earn a higher median of $40K. On average, Junior Buyers make $41K following one to two decades on the job. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $47K, which is substantially larger than the medians reported by folks with fewer years on their resumes.