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Buying analyst skills for your resume and career

Updated January 8, 2025
6 min read
Below we've compiled a list of the most critical buying analyst skills. We ranked the top skills for buying analysts based on the percentage of resumes they appeared on. For example, 20.0% of buying analyst resumes contained purchase orders as a skill. Continue reading to find out what skills a buying analyst needs to be successful in the workplace.

15 buying analyst skills for your resume and career

1. Purchase Orders

Here's how buying analysts use purchase orders:
  • Sourced materials for assigned commodities, reviewed requisitions, obtained quotations, examined bids and awarded purchase orders.
  • Reviewed incoming customer purchase orders and developed GAR purchase orders to selected vendors.

2. Delivery Schedules

Delivery schedules are general agreements between a buyer and provider that schedule when and how often a delivery will be made. Depending on the products and how much is being sold, a buyer may have more control over the delivery schedule. While the frequency of deliveries may change, the merchandise volume is typically consistent.

Here's how buying analysts use delivery schedules:
  • Communicate with vendors regarding purchase order status, establish lead times, pricing, availability and delivery schedules.
  • Negotiated with Suppliers to obtain product or service information such as price, availability, and delivery schedule.

3. MRP

MRP is an abbreviation of Material Requirements Planning and refers to the control system which is implemented in the planning and management of the activities related to manufacturing. Through MRP, manufacturers can easily schedule the production and it can also be used for inventory. MRP systems are mostly software-based but the process can also be carried out manually.

Here's how buying analysts use mrp:
  • Performed analysis/planning functions utilizing an MRP II system.
  • Coordinated with Account Management, Scheduling, Purchasing, and Clients to ensure MRP requirements are satisfied.

4. Expedite

Here's how buying analysts use expedite:
  • Worked with suppliers daily to expedite critical material requirements based on production needs.
  • Expedite or reduce material as required to maintain established inventory levels.

5. Cost Savings

Here's how buying analysts use cost savings:
  • Developed methods of identifying and reporting material shrinkage resulting in yearly cost savings of over $375,000.
  • Cost savings initiatives to help save costs for our production lines as well as factory.

6. Lean Manufacturing

Here's how buying analysts use lean manufacturing:
  • Support production through JIT delivery and the use of Lean manufacturing principles.
  • Participated in Kaizen and lean manufacturing activities.

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7. Commodities

Here's how buying analysts use commodities:
  • Reduced inventory levels by managing the forecasting and inventory data for all Logistics commodities.
  • Supported the implementation of vendor managed inventory programs for MRO related commodities.

8. Cost Reduction

Here's how buying analysts use cost reduction:
  • Negotiated with key suppliers to achieve cost reductions, quality and delivery within customer requirements.
  • Develop and implement cross-functional cost reduction initiatives that add value to the organization.

9. Process Improvement

Here's how buying analysts use process improvement:
  • Compiled reports from internal databases, gather and analyze vendor information to ensure best pricing and implement process improvements.
  • Involved in identifying solutions for process improvements.

10. On-Time Delivery

On-Time Delivery, or OTD, is a metric that measures the rate at which finished goods and deliveries are completed on time. This rate is measured by the overall number of units shipped within a specified time frame agreed upon by the consumer and supplier. On-Time Delivery allows suppliers' compliance with delivery deadlines, and hence their consistency, to be assessed using a continuous and collaborative development approach.

Here's how buying analysts use on-time delivery:
  • Implemented Lean Management Strategies involving Productivity, On-Time Delivery, Quality, Safety and Continuous Improvement.
  • Managed all subcontractor activities to insure on-time delivery and to support both manufacturing facility's needs.

11. ERP

Enterprise Resource Planning (ERP) is computer software used by major corporations and organizations for conducting their management and accounting tasks efficiently. ERP systems bind different business processes with each other allowing smoother flow of data between them resulting in swift project assessment and completion.

Here's how buying analysts use erp:
  • Core team member for implementation of planning/scheduling module migration and implementation to Microsoft Dynamics AX ERP system.
  • Normalized 150 reporting fields from multiple ERP systems to ease reporting and metric calculations across multiple ERP systems.

12. Production Schedules

The project plan of a film or a documentary that highlights how a production budget will be spent over a given period until its completion is called a production schedule. The scheduling process starts with writing and analyzing the script, which is then broken down to determine and allocate the budget for each scene. The production schedule also includes several elements of the film including; cast actors, special effects, wardrobe, special equipment, stunts, extras, silent bits, production equipment, and many others.

Here's how buying analysts use production schedules:
  • Plan, communicate and coordinate the release, follow-up and delivery of material to meet production schedules.
  • Worked closely with all levels of management to meet production schedules and quality requirements.

13. RFQ

A request for quotation (RFQ) is a document that a corporation submits to one or more potential suppliers obtaining quotations for a service or product. Typically, an RFQ seeks a detailed list of prices for something that is measurable like hardware and it involves more than the price per item. RFQ, call for bids and invitation for bid generally mean the same thing.

Here's how buying analysts use rfq:
  • Develop strategy and recommend subcontractors to RFQ based on capability and capacity.
  • Submit RFQ's (Request for quotes) to multiple suppliers.

14. Inventory Management

Here's how buying analysts use inventory management:
  • Provided weekly reporting for existing towers and supplier production forecasts to be used for inventory management.
  • Created and maintained all product information in inventory management software.

15. POS

POS is an abbreviation of "Point of Sale" which is the time and place where a customer completes a transaction. It can either be a physical shop that consists of POS terminals or a virtual shop. A POS system helps simplify the retail functions and track important sales data.

Here's how buying analysts use pos:
  • Provided customer service support for a variety of (POS) point of sale retail IT contracts.
  • Analyzed business and created weekly monthly forecast based on sales trends Performed weekly and summary POS reports and Ad-Hoc reports.
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List of buying analyst skills to add to your resume

Buying analyst skills

The most important skills for a buying analyst resume and required skills for a buying analyst to have include:

  • Purchase Orders
  • Delivery Schedules
  • MRP
  • Expedite
  • Cost Savings
  • Lean Manufacturing
  • Commodities
  • Cost Reduction
  • Process Improvement
  • On-Time Delivery
  • ERP
  • Production Schedules
  • RFQ
  • Inventory Management
  • POS
  • Logistics
  • R
  • Invoice Issues
  • Engineering Changes
  • Strategic Sourcing
  • Buy-In
  • Continuous Improvement
  • Price Analysis
  • RFP
  • Equities
  • MRO
  • Supplier Selection
  • Inventory Control
  • Distribution Centers
  • Financial Analysis
  • ISO
  • Data Analysis
  • Order Placement
  • Payment Terms
  • International Suppliers
  • Internal Stakeholders
  • OTD
  • Product Line
  • OEM
  • Bid Packages
  • BOM
  • MPS
  • Capital Equipment
  • Real Estate
  • JIT
  • Vendor Relationships
  • Electronic Components

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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