Procurement Analyst Salary

A Procurement Analyst earns an average salary of $59,778 per year. Skills that are associated with high pay for this job are Microsoft Office and Sourcing. Most people move on to other jobs if they have more than 20 years' experience in this career.
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$41,510 - $79,863
$42K
$60K
$80K
MEDIAN: $59,740
10%
50%
90%

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$15.00 - $32.69
$15
$22
$33
MEDIAN: $22.07
10%
50%
90%

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$0$81K
Salary $41,510 - $79,863
Bonus $1,019 - $8,586
Profit Sharing $4,273
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).
)
$40,299 - $81,814
  • Country: United States
  • Currency: USD
  • Updated: 21 Oct 2017
  • Individuals Reporting: 691
Hourly Data $0$47
Hourly Rate $15.00 - $32.69
Overtime $20.49 - $47.50
Annual Data $0$81K
Bonus $1,019 - $8,586
Profit Sharing $4,273
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).
)
$40,299 - $81,814
  • Country: United States
  • Currency: USD
  • Updated: 21 Oct 2017
  • Individuals Reporting: 98

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

  • Collect and analyze organization-wide data to support decision-making groups.
  • Update system and inventory data, leading data quality and assurance.
  • Define, measure, and track categories for spending to provide targeted analyses of budget.
  • 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.

Common Career Paths for Procurement Analyst


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Procurement Analyst Job Listings

Popular Employer Salaries for Procurement Analyst

Popular Skills for Procurement Analyst

Pay by Experience Level for Procurement Analyst

Pay by Experience for a Procurement Analyst has a positive trend. An entry-level Procurement Analyst with less than 5 years of experience can expect to earn an average total compensation of $55,000 based on 480 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Procurement Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $66,000 based on 196 salaries. An experienced Procurement Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $70,000 based on 105 salaries. A Procurement Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $79,000 based on 38 salaries.

Pay Difference by Location

National Average: $59,012

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Procurement Analyst

Gender

Female
51 %
Male
49 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 107 votes.
Less than 1 year
11%
1-4 years
48%
5-9 years
23%
10-19 years
14%
20 years or more
5%

Experience Affects Procurement Analyst Salaries

▲34%

▲18%

▲11%

National Average
$59,000

▼6%

Skills That Affect Procurement Analyst Salaries

Microsoft Office
▲24%

Sourcing
▲16%



▲5%

Vendor Management
▲3%

Procurement
▲1%

Project Management
▲1%


▼0%

National Average
$59,000



Inventory Management
▼8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 107 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
11%
1-4 years
48%
5-9 years
23%
10-19 years
14%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 85%
vision benefits
Vision: 75%
no benefits
None: 8%