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Become A Procurement Analyst

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Working As A Procurement Analyst

  • Getting Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Establishing and Maintaining Interpersonal Relationships
  • Analyzing Data or Information
  • Organizing, Planning, and Prioritizing Work
  • Deal with People

  • Mostly Sitting

  • $68,000

    Average Salary

What Does A Procurement Analyst Do

Management analysts, often called management consultants, propose ways to improve an organization’s efficiency. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

Duties

Management analysts typically do the following:

  • Gather and organize information about the problem to be solved or the procedure to be improved
  • Interview personnel and conduct onsite observations to determine the methods, equipment, and personnel that will be needed
  • Analyze financial and other data, including revenue, expenditure, and employment reports
  • Develop solutions or alternative practices
  • Recommend new systems, procedures, or organizational changes
  • Make recommendations to management through presentations or written reports
  • Confer with managers to ensure changes are working

Although some management analysts work for the organization that they analyze, most work as consultants on a contractual basis. 

Whether they are self-employed or part of a large consulting company, the work of a management analyst may vary from project to project. Some projects require a team of consultants, each specializing in one area. In other projects, consultants work independently with the client organization’s managers.

Management analysts often specialize in certain areas, such as inventory management or reorganizing corporate structures to eliminate duplicate and nonessential jobs. Some consultants specialize in a specific industry, such as healthcare or telecommunications. In government, management analysts usually specialize by type of agency.

Organizations hire consultants to develop strategies for entering and remaining competitive in today’s marketplace.

Management analysts who work on contract may write proposals and bid for jobs. Typically, an organization that needs the help of a management analyst solicits proposals from a number of consultants and consulting companies that specialize in the needed work. Those who want the work must then submit a proposal by the deadline that explains how the consultant will do the work, who will do the work, why they are the best consultants to do the work, what the schedule will be, and how much it will cost. The organization that needs the consultants then selects the proposal that best meets its needs and budget.

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How To Become A Procurement Analyst

Most management analysts have at least a bachelor’s degree. The Certified Management Consultant (CMC) designation may improve job prospects.

Education

A bachelor’s degree is the typical entry-level requirement for management analysts. However, some employers prefer to hire candidates who have a master’s degree in business administration (MBA).

Few colleges and universities offer formal programs in management consulting. However, many fields of study provide a suitable education because of the range of areas that management analysts address. Common fields of study include business, management, economics, political science and government, accounting, finance, marketing, psychology, computer and information science, and English.

Analysts also routinely attend conferences to stay up to date on current developments in their field.

Licenses, Certifications, and Registrations

The Institute of Management Consultants USA (IMC USA) offers the Certified Management Consultant (CMC) designation to those who meet minimum levels of education and experience, submit client reviews, and pass an interview and exam covering the IMC USA’s code of ethics. Management consultants with a CMC designation must be recertified every 3 years. Management analysts are not required to get certification, but it may give jobseekers a competitive advantage.

Work Experience in a Related Occupation

Many analysts enter the occupation with several years of work experience. Organizations that specialize in certain fields typically try to hire candidates who have experience in those areas. Typical work backgrounds include experience in management, human resources, and information technology. 

Advancement

As consultants gain experience, they often take on more responsibility. At the senior level, consultants may supervise teams working on more complex projects and become more involved in seeking out new business. Those with exceptional skills may eventually become partners in their consulting organization and focus on attracting new clients and bringing in revenue. Senior consultants who leave their consulting company often move to senior management positions at nonconsulting organizations.

Important Qualities

Analytical skills. Management analysts must be able to interpret a wide range of information and use their findings to make proposals.

Communication skills. Management analysts must be able to communicate clearly and precisely in both writing and speaking. Successful analysts also need good listening skills to understand the organization’s problems and propose appropriate solutions.

Interpersonal skills. Management analysts must work with managers and other employees of the organizations where they provide consulting services. They should work as a team toward achieving the organization’s goals. 

Problem-solving skills. Management analysts must be able to think creatively to solve clients’ problems. Although some aspects of different clients’ problems may be similar, each situation is likely to present unique challenges for the analyst to solve.

Time-management skills. Management analysts often work under tight deadlines and must use their time efficiently to complete projects on time.

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Procurement Analyst Career Paths

Procurement Analyst
Purchasing Manager Operations Manager Project Manager
Manager, Project Management
9 Yearsyrs
Purchasing Manager Operations Manager
Supply Chain Manager
10 Yearsyrs
Purchasing Manager Contracts Manager Project Manager
Engagement Manager
9 Yearsyrs
Business Analyst Manager Finance Manager
Senior Finance Manager
11 Yearsyrs
Business Analyst Senior Finance Analyst
Manager Finance Planning And Analysis
8 Yearsyrs
Business Analyst Project Manager Program Manager
Operations Program Manager
9 Yearsyrs
Procurement Agent Senior Buyer
Material Manager
9 Yearsyrs
Procurement Agent Senior Buyer Program Manager
Deputy Program Manager
11 Yearsyrs
Procurement Agent Senior Buyer Product Manager
Category Manager
8 Yearsyrs
Senior Purchasing Agent Supply Chain Manager Senior Manager
Global Director
14 Yearsyrs
Senior Purchasing Agent Manager Program Manager
Manager, Program Management
9 Yearsyrs
Senior Purchasing Agent Manager Business Manager
Business Operations Manager
8 Yearsyrs
Supply Chain Analyst Operations Manager Business Development Manager
Proposal Manager
10 Yearsyrs
Supply Chain Analyst Office Manager Finance Manager
Finance Project Manager
8 Yearsyrs
Supply Chain Analyst Logistics Manager
Planning Manager
8 Yearsyrs
Consultant Senior Accountant Senior Finance Analyst
Finance Leader
7 Yearsyrs
Consultant Senior Analyst
Manager, Strategy
8 Yearsyrs
Assistant Manager Site Manager Quality Manager
Performance Manager
8 Yearsyrs
Consultant Production Manager Processing Manager
Business Process Manager
10 Yearsyrs
Assistant Manager Property Manager Asset Manager
Vending Manager
7 Yearsyrs
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Do you work as a Procurement Analyst?

Help others decide if this is a good career for them

Average Length of Employment
Staff Analyst 3.8 years
Procurement Buyer 3.6 years
Buying Analyst 3.4 years
Procurement Agent 3.2 years
Resource Analyst 3.1 years
Management Analyst 3.0 years
Control Analyst 3.0 years
Program Analyst 2.9 years
Planning Analyst 2.9 years
Purchase Analyst 2.7 years
Contract Analyst 2.4 years
Analyst 2.4 years
Top Careers Before Procurement Analyst
Buyer 16.9%
Internship 6.2%
Analyst 2.5%
Manager 2.3%
Top Careers After Procurement Analyst
Buyer 14.4%
Analyst 3.0%
Consultant 2.7%

Do you work as a Procurement Analyst?

Procurement Analyst Demographics

Gender

Female

47.9%

Male

41.8%

Unknown

10.2%
Ethnicity

White

57.6%

Hispanic or Latino

15.8%

Black or African American

12.9%

Asian

9.7%

Unknown

4.0%
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Foreign Languages Spoken

Spanish

48.4%

French

9.0%

Mandarin

5.2%

Russian

5.2%

Hindi

3.9%

Portuguese

3.9%

German

3.9%

Arabic

3.2%

Italian

2.6%

Chinese

2.6%

Turkish

1.9%

Japanese

1.9%

Cantonese

1.9%

Gujarati

1.3%

Korean

1.3%

Urdu

1.3%

Swedish

0.6%

Dutch

0.6%

Sanskrit

0.6%

Ukrainian

0.6%
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Procurement Analyst Education

Schools

University of Phoenix

19.5%

Strayer University

10.0%

Webster University

8.1%

University of Maryland - University College

6.9%

Michigan State University

6.4%

Arizona State University

4.8%

University of Houston

4.8%

Northeastern University

4.0%

Texas A&M University

3.8%

George Washington University

3.6%

Ashford University

3.6%

American InterContinental University

3.3%

Defense Acquisition University

3.1%

University of Texas at San Antonio

2.9%

Pennsylvania State University

2.9%

Prince George's Community College

2.6%

University of Washington

2.6%

Villanova University

2.4%

University of North Carolina at Greensboro

2.4%

University of Texas at Dallas

2.4%
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Majors

Business

44.9%

Supply Chain Management

7.7%

Accounting

5.8%

Management

5.7%

Finance

5.6%

Marketing

4.4%

Economics

3.2%

Human Resources Management

2.6%

Political Science

2.5%

Project Management

2.2%

Computer Information Systems

2.1%

Communication

2.1%

Psychology

1.6%

Computer Science

1.5%

Industrial Engineering

1.5%

Criminal Justice

1.5%

Law

1.4%

International Business

1.3%

Public Administration

1.3%

Liberal Arts

1.2%
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Degrees

Bachelors

47.2%

Masters

27.4%

Other

12.7%

Associate

6.5%

Certificate

4.2%

Doctorate

1.5%

Diploma

0.3%

License

0.2%
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Job type you want
Full Time
Part Time
Internship
Temporary
Average Yearly Salary
$68,000
View Detailed Salary Report
$48,000
Min 10%
$68,000
Median 50%
$68,000
Median 50%
$68,000
Median 50%
$68,000
Median 50%
$68,000
Median 50%
$68,000
Median 50%
$68,000
Median 50%
$97,000
Max 90%
Best Paying Company
Chevron
Highest Paying City
Minneapolis, MN
Highest Paying State
Alaska
Avg Experience Level
2.6 years
How much does a Procurement Analyst make at top companies?
The national average salary for a Procurement Analyst in the United States is $68,740 per year or $33 per hour. Those in the bottom 10 percent make under $48,000 a year, and the top 10 percent make over $97,000.

Real Procurement Analyst Salaries

Job Title Company Location Start Date Salary
Global Procurement Analyst Pepsico, Inc. NY Mar 21, 2016 $146,806
SAP Procurement Analyst Bloomberg, LP New York, NY Nov 26, 2012 $140,000
SAP Procurement Analyst Bloomberg, LP New York, NY Nov 26, 2015 $135,000
SAP Procurement Analyst Bloomberg, LP New York, NY Nov 25, 2013 $130,000
SAP Procurement Analyst Bloomberg, LP New York, NY Jun 09, 2015 $130,000
Indirect Procurement Analyst ELC Management LLC Melville, NY Jun 13, 2016 $128,800
Indirect Procurement Analyst ELC Management LLC Melville, NY Dec 31, 2015 $128,800
Procurement Analyst 5 Paypal, Inc. San Jose, CA Sep 17, 2016 $118,024
SAP Procurement Analyst (SAP Systems) Bloomberg L.P. New York, NY Dec 15, 2014 $115,000 -
$150,000
Procurement Analyst Apple Inc. Cupertino, CA Jul 31, 2014 $113,027 -
$125,000
Procure To Pay Analyst Mead Johnson & Company, LLC Evansville, IN Jul 08, 2013 $110,000
Procurement Analyst Apple Inc. Cupertino, CA Sep 13, 2013 $108,888 -
$125,000
Oracle Procure To Pay Analyst National Oilwell Varco, L.P. Houston, TX Jul 17, 2015 $105,000
Procurement Analyst Ed&F Man Liquid Products LLC Tomball, TX Sep 10, 2014 $78,000
ERP Procurement Analyst Pyramid Technology Solutions, Inc. Houston, TX Aug 18, 2015 $76,503
ERP Procurement Analyst Pyramid Technology Solutions, Inc. Houston, TX Nov 23, 2013 $76,502
Procurement Analyst Levi Strauss & Co. San Francisco, CA Feb 09, 2015 $75,000
Procurement Analyst Valeo Climate Control Corp. Auburn Hills, MI Sep 19, 2012 $75,000
Procurement Consulting Analyst at&T Services, Inc. Atlanta, GA Sep 06, 2014 $74,708
Procurement Analyst Niagara Bottling, LLC Ontario, CA Feb 09, 2016 $74,000
Analyst, Procurement Metrics American Airlines, Inc. Fort Worth, TX Jul 09, 2016 $58,822 -
$104,392
Procurement Analyst MSG Sports & Entertainment, LLC New York, NY Jan 10, 2015 $58,600 -
$104,200
Procurement Analyst The Dannon Company, Inc. White Plains, NY Aug 15, 2014 $58,011 -
$72,000
Procurement Analyst HINO Motors Manufacturing U.S.A., Inc. Farmington Hills, MI Aug 01, 2012 $58,000
Global Procurement Analyst Mauser USA, LLC East Brunswick, NJ Sep 11, 2014 $58,000 -
$66,583
Procurement Analyst Bristol-Myers Squibb Company Princeton, NJ Sep 09, 2015 $57,000
Indirect Procurement Analyst Wolverine World Wide, Inc. Rockford, MI Sep 26, 2011 $57,000
Purchasing and Procurement Analyst National Molding, LLC Miami Lakes, FL Jan 09, 2016 $55,400

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Top Skills for A Procurement Analyst

  1. Supplier Quality
  2. Purchase Orders
  3. Vendor Relationships
You can check out examples of real life uses of top skills on resumes here:
  • Manage supplier quality and timeliness concerns in adherence to program requirements.
  • Managed the execution of purchase orders and product distribution based on operational requirements for assigned commodities and processes.
  • Established vendor relationships for purposes of quoting fast- paced government- directed purchasing with vital security and information assets at stake.
  • Develop innovative approaches to review procurement process effectiveness and explore logistics solutions for customers and suppliers.
  • Documented requirements and procedures to provide support in order to effectively manage external supplier relationships.

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Top 10 Best States for Procurement Analysts

  1. District of Columbia
  2. Virginia
  3. Maryland
  4. Rhode Island
  5. Alabama
  6. New Jersey
  7. Michigan
  8. Connecticut
  9. New York
  10. Massachusetts
  • (168 jobs)
  • (578 jobs)
  • (261 jobs)
  • (31 jobs)
  • (107 jobs)
  • (206 jobs)
  • (207 jobs)
  • (117 jobs)
  • (412 jobs)
  • (198 jobs)

Top Procurement Analyst Employers

Jobs From Top Procurement Analyst Employers

Procurement Analyst Videos

A Day in the Life -- Supply Chain

Skills for the Modern Procurement Professional

Michael Page Procurement & Supply Chain: 2012 Salary and Employer Insight

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