Purchasing Specialist Salary
Job Description for Purchasing Specialist
Purchasing specialists typically hold manager-level positions charged with making purchases necessary for their organization's operations. The day-to-day duties performed by these specialists vary depending on the needs of the company. However, generally, a purchasing specialist works in a service-oriented business and oversees the purchasing and inventory of operating supplies rather than retail goods. Hotels, restaurants, hospitals, and companies that repair, maintain, or conduct construction work typically have a purchasing specialist.Read More...
The purchasing specialist works to develop and adhere to systems that track the inventory of necessary operating supplies. For instance, at a hotel, it might be linens, uniforms, and various cleaning and laundry chemicals and detergents; at a restaurant, they may be tasked with maintaining maximum freshness of food on hand and finding the best quality produce and meats within budget. At a hospital or clinic, the purchasing specialist would manage the inventory of perishable and disposable medical supplies.
In addition to assessing on-hand inventories of supplies and ensuring they are at appropriate levels, a purchasing specialist also analyzes and forecasts trends and adjust pars and inventories as required. The purchasing specialist is also tasked with finding the best possible quality within budget.
The education requirements for a purchasing specialist typically include a bachelor's degree in business, accounting, or a related field. Purchasing specialists typically work during regular business hours in an office environment, but they may also be expected to spend time in warehouses or similar storage facilities. For specialists employed by mult-iunit companies and organizations, they may travel as well.
Purchasing Specialist Tasks
- Predict required packaging or resources according to customer requests and coordinate with vendors to obtain products.
- Resolve billing issues and any conflicts between the company and the vendors.
- Maintain working relationships with vendors, evaluate vendor contract terms, and negotiate prices.
- Place, schedule, and follow-up on orders to ensure accuracy and timely delivery.
Common Career Paths for Purchasing Specialist
Advancing into a Purchasing Manager role seems to be a popular career move for Purchasing Specialists, and folks who currently work in the latter position report a notably larger median income of $61K per year. It is quite typical for Purchasing Specialists to transition into roles as Procurement Specialists or Purchasing Supervisors, where reported median earnings are $6K and $5K higher per year.
Purchasing Agent (but not Wholesale, Retail, or Farm Products) Job Listings
Search for more jobs:
Popular Skills for Purchasing Specialist
Survey results imply that Purchasing Specialists deploy a deep pool of skills on the job. Lucky workers who know Sourcing can expect a significant pay bump, scoring salaries 36 percent above average. Data Analysis and Contract Negotiation are also correlated to pay that is above average, with increases between 11 percent and 36 percent. At the other end of the pay range are skills like Customer Service, Logistics, and Inventory Control. Most people familiar with Microsoft Excel also know Negotiation and Contract Negotiation.
Pay by Experience Level for Purchasing Specialist
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For Purchasing Specialists, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Individuals who have worked for fewer than five years bring in approximately $43K on average. Those in the five-to-10 year range can expect an average that is only a touch bigger at $45K. Purchasing Specialists see a median salary of $52K after reaching one to two decades on the job. Old hands boasting more than twenty years of relevant experience report pay that is more or less commensurate with that extensive experience; average earnings for this group come out to approximately $59K.
Pay Difference by Location
Surpassing the national average by 41 percent, Purchasing Specialists in San Francisco receive some of the highest pay in the country. Purchasing Specialists can also look forward to large paychecks in cities like Columbus (+27 percent), Washington (+23 percent), Chicago (+22 percent), and Atlanta (+20 percent). Compared to the national average, Dallas Purchasing Specialists have considerably lower salaries, 21 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Employers pay around 20 percent less in Portland and 10 percent less in Charlotte, below-median salaries for those in this field.
Purchasing Specialist Reviews
Related Job Salaries
Key Stats for Purchasing Specialist
Rated 5 out of 5
based on 105 votes.