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A procurement analyst specializes in analyzing and improving purchasing processes within an organization. They identify cost-saving opportunities, negotiate with suppliers, and ensure on-time deliveries. Procurement analysts also conduct market research to stay up-to-date on industry trends and supplier performance. They use data analysis to develop reports and recommend strategies for improving procurement operations. Procurement analysts use communication skills to work with stakeholders across the organization to understand their needs and make informed purchasing decisions.
Founding Director USC Columbia Technology Incubator, Associate Director Faber Entrepreneurship Center, Senior Lecturer Entrepreneurship and Strategic Management, University of South Carolina
Avg. Salary $64,448
Avg. Salary $59,228
Growth rate 11%
Growth rate 0.3%
American Indian and Alaska Native 0.17%
Asian 11.75%
Black or African American 8.18%
Hispanic or Latino 8.98%
Unknown 4.51%
White 66.41%
Genderfemale 52.34%
male 47.66%
Age - 43American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 43Stress level is high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is very poor
6.4 - fair
Pros
Room for growth and advancement
Collaborative work environment
Diverse responsibilities and tasks
Opportunity to travel for supplier meetings and conferences
Possibility of working remotely or having flexible work arrangements
Cons
Potential for long hours or overtime
Data management can be time-consuming and challenging
Dealing with budget constraints and limitations
Risk of contract disputes or legal issues
Competing against other procurement analysts for promotions or recognition
| Skills | Percentages |
|---|---|
| Purchase Orders | 8.70% |
| Supplier Performance | 7.19% |
| Customer Service | 6.16% |
| Logistics | 3.94% |
| Strategic Sourcing | 3.63% |
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The average procurement analyst salary in the United States is $64,448 per year or $31 per hour. Procurement analyst salaries range between $45,000 and $91,000 per year.
What am I worth?
Learning more on the job and gaining new skills and experience
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.