The average salary for a Procurement Specialist with Inventory Management skills is $51,186.
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$37k - $75k
$814 - $8k
$1k - $5k
$0 - $2k
$35k - $73k
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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
Explore the most common career paths for Procurement Specialist. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Procurement Specialist Job Listings
Popular Skills for Procurement Specialist
Skills in Procurement, Purchasing, Vendor Management, Sourcing and Negotiation are correlated to pay that is above average.
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 $45,389 based on 28 salaries. An early career Procurement Specialist with 1-4 years of experience earns an average total compensation of $48,204 based on 232 salaries. A mid-career Procurement Specialist with 5-9 years of experience earns an average total compensation of $58,464 based on 105 salaries. An experienced Procurement Specialist with 10-19 years of experience earns an average total compensation of $57,866 based on 88 salaries. In their late career (20 years and higher), employees earn an average total compensation of $53,458.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Procurement Specialist in their job title in Charlotte, North Carolina earn an average of 21.9% more than the national average. These job titles also find higher than average salaries in New York, New York (15.2% more) and Dallas, Texas (7.5% more). The lowest salaries can be found in Denver, Colorado (14.0% less), Baltimore, Maryland (3.8% less) and Houston, Texas (2.2% less).
Years of Experience
This data is based on 492 survey responses.
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