$53,020
Avg. Salary

Average additional compensation for this job:

Bonus

$1,200

Profit Sharing

$2,750

For Procurement Officers, yearly average wages total $53K annually. Career length is the biggest factor affecting pay for this group, followed by geography. Most Procurement Officers like their work and job satisfaction is high. Most report receiving medical coverage from their employers and the greater part collect dental insurance. More than half of Procurement Officers (62 percent) survey participants are women. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$35,131 - $80,489
$35K
$53K
$80K
MEDIAN: $53,020
10%
50%
90%

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$13.29 - $30.64
$13
$20
$31
MEDIAN: $19.67
10%
50%
90%

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$0$82K
Salary $35,131 - $80,489
Bonus $0.00 - $11,400
Profit Sharing $2,750
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).
)
$32,950 - $82,522
  • Country: United States
  • Currency: USD
  • Updated: 13 Aug 2018
  • Individuals Reporting: 205
Hourly Data $0$35
Hourly Rate $13.29 - $30.64
Overtime $32.00
Annual Data $0$82K
Bonus $0.00 - $11,400
Profit Sharing $2,750
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).
)
$32,950 - $82,522
  • Country: United States
  • Currency: USD
  • Updated: 13 Aug 2018
  • Individuals Reporting: 36

Job Description for Procurement Officer

The procurement officer ensures the things purchased for the company provide the best possible value and outcomes, whether they be goods for resale, equipment, services, or materials. The procurement officer must be adept at analyzing the needs of the company and possible choices for purchase to meet these needs at the best prices possible while taking into account quality. The procurement officer must be able to ensure that the delivery of purchases meets the needs of the company without causing shortages or excessive surpluses. They must be able to gauge what levels must be kept of purchases to ensure consistent resource availability and performance.

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Procurement Officer Tasks

  • Review historical and competitive costs to identify cost savings opportunities and variances.
  • Analyze category, service, material, and vendor costs to provide key decision information.
  • Review financial goals and provide metrics to understand and report on initiatives and cost structure.
  • Ensure books and databases are up to date and accurate.

Procurement Officer Job Listings

Pay by Experience Level for Procurement Officer

Pay by Experience for a Procurement Officer has a positive trend. An entry-level Procurement Officer with less than 5 years of experience can expect to earn an average total compensation of $44,000 based on 56 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Procurement Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $53,000 based on 39 salaries. An experienced Procurement Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $52,000 based on 31 salaries. A Procurement Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $67,000 based on 17 salaries.

Related Job Salaries

Key Stats for Procurement Officer

Gender

Female
64 %
Male
36 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 38 votes.
Less than 1 year
2%
1-4 years
37%
5-9 years
24%
10-19 years
22%
20 years or more
14%

Experience Affects Procurement Officer Salaries

Late-Career
▲29%

▲2%

Experienced
▲1%

National Average
$52,000

▼15%

Skills That Affect Procurement Officer Salaries

Contract Management
▲13%


Purchasing
▲1%

National Average
$52,000

▼9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 38 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
2%
1-4 years
37%
5-9 years
24%
10-19 years
22%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 71%
vision benefits
Vision: 61%
no benefits
None: 10%