1. University of Pennsylvania
Philadelphia, PA • Private
Procurement agents are responsible for buying the materials and products their company needs for daily operations. They are always up to date on prices and market trends and keep in regular contact with suppliers. They review products and come up with sustainable and profitable procurement strategies for the company.
To be a successful procurement agent, you need to enjoy analytical thinking, know your way around numbers, and have excellent communication and negotiation skills. Being organized and using spreadsheets and word processors without holdups will make your life a lot easier.
A bachelor's in business administration is usually required to land this position. But the gist of the job you will pick up once you start working or over the course of an on the job training. Your average salary will be $68,757, which often comes with additional bonus packages.
There are certain skills that many procurement agents have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and interpersonal skills.
If you're interested in becoming a procurement agent, one of the first things to consider is how much education you need. We've determined that 69.5% of procurement agents have a bachelor's degree. In terms of higher education levels, we found that 12.1% of procurement agents have master's degrees. Even though most procurement agents have a college degree, it's possible to become one with only a high school degree or GED.
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, a procurement agent can determine their career goals through the career progression. For example, they could start out with a role such as senior buyer, progress to a title such as purchasing manager and then eventually end up with the title senior purchasing manager.
What Am I Worth?
The role of a procurement agent includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general procurement agent responsibilities:
There are several types of procurement agent, including:
So long to the days of claiming you don't know where you want to go for lunch because, as an agent, you have a lot of decision-making power in your hands. Be prepared to use it.
Agents help clients by acting as their liasion. They negotiate terms of contracts, particularly on a financial level. The more money you make your client, the more money you'll be able to collect. So you'll want to work on your negotiation and persuasion skills.
Agents work in a variety of industries, so you can have your pick of opportunities. Some work in the entertainment industry, while others are in the financial scene. Wherever you end up, you'll most likely be working a full-time job. Although, some client meetings can be done outside of normal work hours. This means you might want to prepare yourself for some late nights.
Buyers are also known as purchasing agents. People in these positions are responsible for introducing products that fit a store's brand, as well as the budget. Your employer may hire you to focus on a specific brand or area, or you may be hired to purchase products for an entire store. Sometimes even a business chain.
Many employers are impressed when a buyer comes in with a bachelor's degree, but the majority only require a high school diploma. Some helpful courses for this job that you might want to look into include topics surrounding merchandising, marketing, advertising and business. All of these can help lead you to buying only the best products.
Purchasing agents or buyers manage the inventory of companies. They research the best suppliers of the required goods, prepare and process orders, and verify deliveries. They negotiate the prices and assess the quality of the purchased products. Requesting quotes and managing the records of the transactions is also their responsibility.
They work in office environments. typically 40 hours a week, employed primarily by the manufacturing industries, but wholesale and government institutions use their services as well, and of course, retail.
A good purchasing agent is business savvy and organized, detail-oriented, and has the tenacity for thorough research. They usually have education in business administration and often use inventory management software to make their life easier.
Mouse over a state to see the number of active procurement agent jobs in each state. The darker areas on the map show where procurement agents earn the highest salaries across all 50 states.
|Rank||State||Number of Jobs||Average Salary|
Philadelphia, PA • Private
Waltham, MA • Private
Farmingdale, NY • Private
New York, NY • Private
Minneapolis, MN • Private
Plattsburgh, NY • Private
Stanford, CA • Private
Waco, TX • Private
Alfred, NY • Private
Syracuse, NY • Private
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 15.2% of procurement agents listed supply chain on their resume, but soft skills such as analytical skills and communication skills are important as well.
Zippia allows you to choose from different easy-to-use Procurement Agent templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Procurement Agent resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
1. Supply Chain Logistics
Have you ever wondered how goods get delivered to us so quickly as soon as we order them? One word: Logistics! In this introductory Supply Chain Logistics course, I will take you on a journey to this fascinating backbone of global trade. We cover the three major building blocks of logistics networks: transportation, warehousing, and inventory. After completing this course, you will be able to differentiate the advantages and disadvantages of different modes of transportation. You will...
2. Strategic Cost Management: Procurement and Supply Chain 2022
How to secure long term Procurement savings without breaking relations with your suppliers (with the updates 2022)...
3. The Fundamentals of end-to-end Supply Chain Management
Supply Chain Management - Level 1: Introducing all the Key Components of a Supply Chain...
Some places are better than others when it comes to starting a career as a procurement agent. The best states for people in this position are New Jersey, California, Pennsylvania, and Michigan. Procurement agents make the most in New Jersey with an average salary of $88,737. Whereas in California and Pennsylvania, they would average $86,703 and $84,958, respectively. While procurement agents would only make an average of $80,272 in Michigan, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
Negotiating with suppliers, influencing others, solving problems, making a positive difference to the company's bottom line.
Constant stress, lack of respect from other departments, lack of resources, poor advancement opportunities.
We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ procurement agents and discovered their number of procurement agent opportunities and average salary. Through our research, we concluded that Boeing was the best, especially with an average salary of $64,301. Volt Information Sciences follows up with an average salary of $64,557, and then comes Spirit AeroSystems with an average of $73,066. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a procurement agent. The employers include Harley-Davidson, CDM Smith, and Boeing
|Rank||Company||Average Salary||Hourly Rate||Job Openings|
|2||The Dow Chemical Company||$91,699||$44.09||39|
To start a career in purchasing, obtain a bachelor's degree. While a degree is technically not required for a career in purchasing, you will have difficulty getting hired without one.
Purchasing careers typically include purchasing agents and buyers, with the opportunity for advancement to purchasing manager. Nearly 70% of purchasing agents, 64% of buyers, and 66% of purchasing managers have bachelor's degrees.
Yes, being a purchasing agent is a good career. Purchasing agent careers are high-paid with a good job outlook, but advancement can be difficult, and the job can be stressful.
Purchasing agents are well-paid. On average, they make $72,270 a year, with an average starting salary of $53,000 for entry-level positions. Top earners make $108,000 a year, on average.
There is not a degree you need to be a purchasing agent, though most purchasing agents have bachelor's degrees.
Nearly 70% of purchasing agents have their bachelor's degrees. The most common areas of study are:
The skills you need to be a purchasing agent are analytical and interpersonal, in addition to basic math and digital knowledge.
Purchasing, or procurement, agents buy parts and materials their organization needs to function. They must keep up with market and sales trends and identify which purchases are most profitable and sustainable for their organization.