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The differences between procurement analysts and material analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a procurement analyst, becoming a material analyst takes usually requires 4-6 years. Additionally, a material analyst has an average salary of $66,092, which is higher than the $64,448 average annual salary of a procurement analyst.
The top three skills for a procurement analyst include purchase orders, supplier performance and customer service. The most important skills for a material analyst are supply chain, logistics, and MRP.
| Procurement Analyst | Material Analyst | |
| Yearly salary | $64,448 | $66,092 |
| Hourly rate | $30.98 | $31.77 |
| Growth rate | 11% | 28% |
| Number of jobs | 75,154 | 48,758 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 65% |
| Average age | 44 | 48 |
| Years of experience | 4 | 6 |
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.
A materials analyst is responsible for managing the assets and materials of an organization, ensuring the adequacy of office inventories to support business operational functions. Materials analysts identify cost-reduction materials by coordinating with trusted suppliers and third-party vendors. They handle the distribution of goods and order processes according to the company's supply chain management. A materials analyst must have excellent organizational and analytical skills, especially in conducting data and statistical analysis to obtain high-quality materials that would meet the customers' demands.
Procurement analysts and material analysts have different pay scales, as shown below.
| Procurement Analyst | Material Analyst | |
| Average salary | $64,448 | $66,092 |
| Salary range | Between $45,000 And $91,000 | Between $49,000 And $88,000 |
| Highest paying City | Washington, DC | Union City, CA |
| Highest paying state | Maryland | California |
| Best paying company | PayPal | Micron Technology |
| Best paying industry | Retail | Automotive |
There are a few differences between a procurement analyst and a material analyst in terms of educational background:
| Procurement Analyst | Material Analyst | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between procurement analysts' and material analysts' demographics:
| Procurement Analyst | Material Analyst | |
| Average age | 44 | 48 |
| Gender ratio | Male, 47.7% Female, 52.3% | Male, 53.4% Female, 46.6% |
| Race ratio | 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% | Black or African American, 9.0% Unknown, 4.4% Hispanic or Latino, 12.4% Asian, 7.8% White, 65.6% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 12% | 7% |