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
- Authorize payments, returns of merchandise, and pricing.
- Organize and locate inventory in databases and online systems.
- 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.
Common Career Paths for Purchasing Coordinator
Purchasing Coordinators who transition into a Procurement Manager role may receive large pay increases as the latter position pays an average $77K per year. The most common promotion for Purchasing Coordinators is Purchasing Manager, a position that typically pays $61K annually. Another standard transition for Purchasing Coordinators seeking advancement is to assume an Inventory Coordinator role, where pay is often $37K.
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Popular Skills for Purchasing Coordinator
Survey participants wield an impressively varied skill set on the job. Most notably, skills in Vendor Management, Budget Management, Procurement, and Contract Negotiation are correlated to pay that is above average, with boosts between 10 percent and 18 percent. Skills that seem to negatively impact pay include SAP Materials Management and Data Entry. Most people familiar with Inventory Management also know 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 of relatively inexperienced workers fall in the neighborhood of $39K, but folks who have racked up five to 10 years see a notably higher median of $42K. For Purchasing Coordinators, 10 to 20 years of experience on the job amounts to an average salary of $45K. More than 20 years of experience mean a somewhat bigger median paycheck of $47K, but it's not much more than what less experienced people make.
Pay Difference by Location
For Purchasing Coordinators, Chicago provides a pay rate that is 29 percent greater than the national average. Purchasing Coordinators can also look forward to large paychecks in cities like New York (+26 percent), Austin (+23 percent), Miami (+8 percent), and Houston (+6 percent). Indianapolis ranks last in the field for pay, reporting salaries 5 percent below the national average.