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Procurement Analyst Salary

A Procurement Analyst earns an average salary of $56,280 per year. Skills that are associated with high pay for this job are Sourcing, Negotiation, Contract Management, Contract Negotiation, and Project Management. Most people move on to other jobs if they have more than 20 years' experience in this career.
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$39,282 - $83,207
(Median)
$39K
$56K
$83K
MEDIAN: $56,280
10%
50%
90%

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$15.12 - $34.46
(Median)
$15
$21
$34
MEDIAN: $21.00
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$29K$58K$87K
Salary
$39,282 - $83,207  
   
Bonus
$0.00 - $7,830  
Profit Sharing
$587 - $6,638  
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).
)
$37,925 - $84,090  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 576
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$15$30$45
Hourly Rate
$15.12 - $34.46  
   
Overtime
$21.91 - $43.65  
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$30K$60K$90K
Bonus
$0.00 - $7,830  
   
Profit Sharing
$587 - $6,638  
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).
)
$37,925 - $84,090  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 93

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United States (change)


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Job Description for Procurement Analyst

A procurement analyst builds new relationships between the company and vendors, and ensures that these relationships are maintained to the satisfaction of all parties. The analyst also negotiates arrangements for the purchase of the goods, materials, and services the company requires within its budget limitations. In meetings with vendors, the procurement analyst must determine prices and set up a system of delivery, as well as research the market appropriately to ensure that the company is getting the best possible value. They must research the vendors to verify their credibility and ability to provide what is promised, as well as keep abreast of data resulting from the vendor relationship to make sure it is worth maintaining in its present form or at all.

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Procurement Analyst Tasks

  • Negotiate costs, specifications, and timelines with vendors and suppliers, ensuring beneficial contracts.
  • Coordinate payment, delivery, scheduling, and organization of purchases, and place orders to ensure ongoing supply.
  • Define, measure, and track categories for spending to provide targeted analyses of budget.
  • Collect and analyze organization-wide data to support decision-making groups.
  • Update system and inventory data, leading data quality and assurance.

Common Career Paths for Procurement Analyst


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Procurement Analyst Job Listings

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Popular Skills for Procurement Analyst

Pay by Experience Level for Procurement Analyst

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

Pay Difference by Location

Related Job Salaries

United States (change)

Experience Affects Procurement Analyst Salaries




National Average
$55,000


Skills That Affect Procurement Analyst Salaries

Sourcing
up arrow 24%

Negotiation
up arrow 22%




SAP Materials Management (SAP MM)
up arrow 10%

Purchasing
up arrow 2%

Data Analysis
up arrow 1%

Microsoft Excel
0%

National Average
$55,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 109 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
8%
1-4 years
50%
5-9 years
22%
10-19 years
15%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 77%
vision benefits Vision: 63% employee benefits None: 12%
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