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Procurement Analyst Salary

A Procurement Analyst earns an average salary of $55,527 per year. Skills that are associated with high pay for this job are Sourcing, Contract Management, Contract Negotiation, Project Management, and SAP Materials Management (SAP MM). Most people move on to other jobs if they have more than 20 years' experience in this career.
$38,641 - $82,313
(Median)
39K
46K
56K
67K
82K
MEDIAN: $55,526
10%
25%
50%
75%
90%

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$15.04 - $34.07
(Median)
15
21
24
34
MEDIAN: $21.00
10%
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$28K$56K$84K
Salary
$38,641 - $82,313  
   
Bonus
$0.00 - $6,440  
Profit Sharing
$582 - $6,698  
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).
)
$37,362 - $83,118  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 515
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$16$32$48
Hourly Rate
$15.04 - $34.07  
   
Overtime
$22.06 - $47.78  
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$32K$64K$96K
Bonus
$0.00 - $6,440  
   
Profit Sharing
$582 - $6,698  
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).
)
$37,362 - $83,118  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 82
United States (change)

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

Experience Affects Procurement Analyst Salaries




National Average
$54,000


Skills That Affect Procurement Analyst Salaries

Sourcing
up arrow 26%




SAP Materials Management (SAP MM)
up arrow 11%

Purchasing
up arrow 2%

Microsoft Excel
up arrow 1%

Data Analysis
0%

National Average
$54,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 116 votes.

Gender

Female
53 %
Male
47 %

Years of Experience

Less than 1 year
7%
1-4 years
50%
5-9 years
22%
10-19 years
16%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 77%
vision benefits Vision: 62% employee benefits None: 12%