Purchasing Coordinator Salary
Job Description for Purchasing Coordinator
A purchasing coordinator is responsible for routine and impromptu purchases made by a company from its affiliated vendors. This includes the duties of preparing and processing purchase orders or purchase requests, keeping records of purchases, keeping vendor information up to date, providing training on related applications and policies, and preparing descriptions and bids when necessary. A purchasing coordinator facilitates the acquisition of company supplies and equipment and ensures that vital inventory is kept in stock. Once an order is placed with a vendor, the purchasing coordinator will schedule delivery of the desired items and ensure that the purchase is properly documented and recorded. The purchasing coordinator will guarantee that materials, supplies, and equipment orders are placed in a timely fashion so that the company does not suffer a shortage. The job requires communicating with representatives in other departments of the company for supply orders, keeping those employees up to date on the status of orders that have already been placed, and assisting with any necessary returns. The purchasing coordinator will work closely with the accounting department to resolve problems with invoices and set up accounts with new vendors, and will be the point of contact within the company for any vendor inquiries or issues. No college degree is required to work as a purchasing coordinator, but a successful applicant will have a high school diploma and experience working in a related position. Good communication skills and attention to detail are necessary, and a purchasing coordinator should have no trouble operating standard office equipment including computers, fax machines, and scanners or copiers.
Purchasing Coordinator Tasks
- Coordinating and managing all activities during the purchasing process, such as creating purchase orders, monitoring transportation and invoice creation and follow-through.
- Analyze and monitor internal, economic, and consumer trends to forecast sales and inventory.
- Authorize payments, returns of merchandise, and pricing.
- Organize and locate inventory in databases and online systems.
Common Career Paths for Purchasing Coordinator
Purchasing Coordinators may experience a large salary bump if they progress into a role such as Procurement Manager. The latter position pays an average of $78K annually. Becoming a Purchasing Manager is, more often than not, the most common role that Purchasing Coordinators move into when they're ready for the next step in their career. The average salary for the position is $61K. Another frequent advance is for Purchasing Coordinators to assume an Inventory Coordinator role; in this role, workers often earn $37K.
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Popular Skills for Purchasing Coordinator
Survey takers working as Purchasing Coordinators report using a large range of professional skills. Most notably, skills in Vendor Management, Contract Negotiation, Budget Management, and Procurement are correlated to pay that is above average, with boosts between 11 percent and 18 percent. Skills that pay less than market rate include SAP Materials Management, Data Entry, and Order Inventory. Those proficient in Inventory Management are, more often than not, also skilled in Negotiation.
Pay by Experience Level for Purchasing Coordinator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and pay tend to be weakly linked for Purchasing Coordinators — those with more experience do not necessarily bring in higher earnings. Salaries for inexperienced workers average out to $42K, and those with five to 10 years' experience earn a higher median of $39K. The average pay reported by folks with 10 to 20 years of experience is around $44K. Veterans who have acquired more than 20 years report a median income of $48K, which is generally higher than the pay reported by other tenure groups.
Pay Difference by Location
Home to some of the best pay for Purchasing Coordinators, Chicago offers exceptional salaries, 29 percent above the national average. Purchasing Coordinators will also find cushy salaries in New York (+24 percent), Austin (+21 percent), San Diego (+13 percent), and Houston (+8 percent). Trailing the national average by 2 percent, Phoenix is the market with the smallest paychecks.
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