The average salary for a Procurement Officer is $56,555.
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What Do Procurement Officers Do?
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 caus…Read more
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.
Job Satisfaction for Procurement Officer
Procurement Officer Job Listings
What Are Popular Skills for Procurement Officers?
Skills in Procurement, Contract Negotiation, Contract Management and Negotiation are correlated to pay that is above average. Skills that pay less than market rate include Purchasing.
What is the Pay by Experience Level for Procurement Officers?
An entry-level Procurement Officer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $47,394 based on 10 salaries. An early career Procurement Officer with 1-4 years of experience earns an average total compensation of $48,867 based on 97 salaries. A mid-career Procurement Officer with 5-9 years of experience earns an average total compensation of $60,147 based on 68 salaries. An experienced Procurement Officer with 10-19 years of experience earns an average total compensation of $64,316 based on 66 salaries. In their late career (20 years and higher), employees earn an average total compensation of $62,031.
Pay Difference by Location
Employees with Procurement Officer in their job title in Chicago, Illinois earn an average of 23.8% more than the national average. These job titles also find higher than average salaries in Washington, District of Columbia (19.8% more) and Stony Brook, New York (14.0% more). The lowest salaries can be found in Auburn, Alabama (17.8% less) and Richmond, Virginia (16.6% less).
Years of Experience
This data is based on 275 survey responses.