The average salary for a Procurement Specialist with Vendor Management skills is $56,731.
Is Procurement Specialist your job title? Get a personalized salary report!
$40k - $80k
$502 - $8k
$750 - $5k
$0 - $2k
$36k - $80k
Your Market Worth Over Time
How has your pay changed over time for your market? Find out by taking our salary quiz.
Job Description for Procurement Specialist
Procurement specialists specialize in finding goods and services for businesses at the best price to ensure the businesses' continued functionality. This can include office supplies, inventory, and large scale purchases like real estate. These specialists are counted on to meet budgetary constraints and increase profitability. Procurement specialists can range from entry level to senior level positions in a company. In entry level positions, they may issue purchase orders based on the requirem…Read more
Procurement Specialist Tasks
- Negotiate with different suppliers for price, quality, timeliness and other factors.
- Expedite and liaise with suppliers to ensure timely delivery of goods.
- Write and analyze requisitions, invoices, supply requests and supply orders.
- Track and monitor inventory and needs to determine when to order or purchase new items.
Popular Employer Salaries for Procurement Specialist
The top respondents for the job title Procurement Specialist are from the companies Raytheon Co., Schlumberger and Siemens. Reported salaries are highest at Siemens where the average pay is $79,992. Other companies that offer high salaries for this role include Schlumberger and Viasat, Inc., earning around $62,009 and $57,000, respectively. Chatham Area Transit pays the lowest at around $43,039. NBBJ and L-3 Communications also pay on the lower end of the scale, paying $48,328 and $56,000, respectively.
Procurement Specialist Job Listings
Popular Skills for Procurement Specialist
Skills in Sourcing, Negotiation and Contract Negotiation are correlated to pay that is above average. Skills that pay less than market rate include Purchasing and Procurement.
Pay by Experience Level for Procurement Specialist
An entry-level Procurement Specialist with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $49,574 based on 128 salaries. An early career Procurement Specialist with 1-4 years of experience earns an average total compensation of $53,663 based on 473 salaries. A mid-career Procurement Specialist with 5-9 years of experience earns an average total compensation of $60,977 based on 261 salaries. An experienced Procurement Specialist with 10-19 years of experience earns an average total compensation of $62,083 based on 185 salaries. In their late career (20 years and higher), employees earn an average total compensation of $62,516.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Procurement Specialist in their job title in New York, New York earn an average of 23.0% more than the national average. These job titles also find higher than average salaries in Washington, District of Columbia (15.9% more) and Los Angeles, California (14.6% more). The lowest salaries can be found in Denver, Colorado (10.7% less) and Atlanta, Georgia (2.3% less).
Years of Experience
This data is based on 1,113 survey responses.
Related Job Salaries
$28k - $55k
$41k - $102k
$32k - $67k
$48k - $111k
$28k - $52k
$45k - $80k
$32k - $70k
$40k - $76k
$42k - $83k
$52k - $98k