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The differences between planning analysts and procurement analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a planning analyst and a procurement analyst. Additionally, a planning analyst has an average salary of $68,137, which is higher than the $64,448 average annual salary of a procurement analyst.
The top three skills for a planning analyst include project management, customer service and data analysis. The most important skills for a procurement analyst are purchase orders, supplier performance, and customer service.
| Planning Analyst | Procurement Analyst | |
| Yearly salary | $68,137 | $64,448 |
| Hourly rate | $32.76 | $30.98 |
| Growth rate | 11% | 11% |
| Number of jobs | 92,380 | 75,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 69% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
As a planning analyst, you will be responsible for designing and implementing a company's business and marketing strategies with the goal of driving profits and reducing costs. You will propose measures to enhance an organization's overall efficiency, and guide managers on ways to strengthen profit margins through risk awareness reduced costs, and increased revenues. Other duties include conducting risk analyses to identify areas of potential failure, maintaining the business continuity program, and handling internal and external corporate communications with the investment community and industry analysts.
Procurement analysts procure favorable contracts by acting as liaisons between suppliers and their employers. They are hired by organizations that rely on supply chain management to analyze and evaluate potential suppliers, prepare reports about monthly supply costs, and negotiate contracts. With good critical thinking skills, these procurement analysts who are also known as purchasing analysts, evaluate vendors and suppliers based on the speed of delivery, quality, and price. They use quantitative methods to support fact-based decision-making to become competitive and to ensure cost-efficiency and high quality of the products and services.
Planning analysts and procurement analysts have different pay scales, as shown below.
| Planning Analyst | Procurement Analyst | |
| Average salary | $68,137 | $64,448 |
| Salary range | Between $49,000 And $93,000 | Between $45,000 And $91,000 |
| Highest paying City | Washington, DC | Washington, DC |
| Highest paying state | Rhode Island | Maryland |
| Best paying company | Meta | PayPal |
| Best paying industry | Automotive | Retail |
There are a few differences between a planning analyst and a procurement analyst in terms of educational background:
| Planning Analyst | Procurement Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between planning analysts' and procurement analysts' demographics:
| Planning Analyst | Procurement Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 53.4% Female, 46.6% | Male, 47.7% Female, 52.3% |
| Race ratio | Black or African American, 8.0% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 12.6% White, 65.8% American Indian and Alaska Native, 0.2% | Black or African American, 8.2% Unknown, 4.5% Hispanic or Latino, 9.0% Asian, 11.8% White, 66.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |