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Procurement agent vs agent

The differences between procurement agents and agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a procurement agent has an average salary of $72,384, which is higher than the $37,864 average annual salary of an agent.

The top three skills for a procurement agent include supply chain, strategic sourcing and supplier performance. The most important skills for an agent are insurance products, customer service, and life insurance.

Procurement agent vs agent overview

Procurement AgentAgent
Yearly salary$72,384$37,864
Hourly rate$34.80$18.20
Growth rate11%6%
Number of jobs45,198184,325
Job satisfaction22
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 44%
Average age4846
Years of experience6-

What does a procurement agent do?

A procurement agent develops profitable measures to save the client money and ensure the quality of goods supplied. Procurement agents obtain the purchased items through suppliers, monitor them, and expedite the orders. They oversee the activities and performance of the suppliers for compliance. Their duties include the verification of item receipts, resolving shipment-related problems, and authorizing purchase payments through documentation. The necessary skills for this job include being accomplished, decisive, and strong communication skills.

What does an agent do?

Agents are individuals who are employed by their clients to represent them in various dealings. Agents are usually employed by people in the show business industry, such as actors, writers, or directors. They meet people who are interested in dealing with their clients. They listen to the plans and vision for the project and assess if the project fits their clients' interests or public image. In the case of agents whose clients are actors, they send their clients to auditions upon review of the project details. Agents are also responsible for negotiating terms on behalf of their clients, such as salary, royalties, and set benefits, among others. They also inform the project leaders of their clients' demands on set. Agents are expected to be business-savvy and good negotiators.

Procurement agent vs agent salary

Procurement agents and agents have different pay scales, as shown below.

Procurement AgentAgent
Average salary$72,384$37,864
Salary rangeBetween $49,000 And $106,000Between $19,000 And $72,000
Highest paying CityRichmond, CANew York, NY
Highest paying stateNew JerseyNew York
Best paying companyMcKinsey & Company IncLatham & Watkins
Best paying industryTechnology-

Differences between procurement agent and agent education

There are a few differences between a procurement agent and an agent in terms of educational background:

Procurement AgentAgent
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 44%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Procurement agent vs agent demographics

Here are the differences between procurement agents' and agents' demographics:

Procurement AgentAgent
Average age4846
Gender ratioMale, 51.4% Female, 48.6%Male, 50.5% Female, 49.5%
Race ratioBlack or African American, 8.8% Unknown, 4.4% Hispanic or Latino, 12.2% Asian, 7.6% White, 66.2% American Indian and Alaska Native, 0.8%Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between procurement agent and agent duties and responsibilities

Procurement agent example responsibilities.

  • Achieve $200k cost savings buy locating excess material from OEM.
  • Manage project size OEM bills of material from supplier negotiation through final invoice.
  • Monitor and manage cost of components for bill of material (BOM), schedule lead times and performance with budgets.
  • Prepare strategic commodity business plans for globally manage commodities, performing spend analysis, and identifying part cost drivers.
  • Process purchase requisitions to POs for different commodities for MCI s end-user community.
  • Perform category spend analysis of indirect spend for hotel expenses to determine hotel candidates for 2010 RFP corporate rate negotiations.
  • Show more

Agent example responsibilities.

  • Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
  • Verify documentation and coding using CPT and ICD-9 correct coding standards.
  • Assist TANF customers with obtaining employment.
  • Direct compliance with all CPT and Medicare guidelines.
  • Train BDC representatives on phone skills and CRM use.
  • Bill appropriate ICD-9 codes to the correct insurance companies.
  • Show more

Procurement agent vs agent skills

Common procurement agent skills
  • Supply Chain, 15%
  • Strategic Sourcing, 6%
  • Supplier Performance, 6%
  • Customer Service, 5%
  • Inventory Control, 4%
  • Purchase Orders, 4%
Common agent skills
  • Insurance Products, 11%
  • Customer Service, 10%
  • Life Insurance, 8%
  • HR, 6%
  • Inbound Calls, 6%
  • Financial Services, 6%

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