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The differences between procurement consultants and procurement analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a procurement consultant, becoming a procurement analyst takes usually requires 2-4 years. Additionally, a procurement consultant has an average salary of $81,254, which is higher than the $64,448 average annual salary of a procurement analyst.
The top three skills for a procurement consultant include strategic sourcing, procure-to-pay and HR. The most important skills for a procurement analyst are purchase orders, supplier performance, and customer service.
| Procurement Consultant | Procurement Analyst | |
| Yearly salary | $81,254 | $64,448 |
| Hourly rate | $39.06 | $30.98 |
| Growth rate | -6% | 11% |
| Number of jobs | 38,005 | 75,154 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 69% |
| Average age | 47 | 44 |
| Years of experience | 6 | 4 |
A procurement consultant is an individual who is an expert in purchasing or procurement. Your duties will include researching and analyzing the supply marketplace, developing business requirements, and managing supplier relationships in collaboration with internal stakeholders, and managing and negotiating supply agreements across all commodities and complexity. Additionally, you are expected to participate in market intelligence analysis and assess productivity, costs, and demand patterns by collecting and interpreting data. As a procurement consultant, you are also responsible for managing and negotiating supply agreements.
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.
Procurement consultants and procurement analysts have different pay scales, as shown below.
| Procurement Consultant | Procurement Analyst | |
| Average salary | $81,254 | $64,448 |
| Salary range | Between $64,000 And $101,000 | Between $45,000 And $91,000 |
| Highest paying City | San Francisco, CA | Washington, DC |
| Highest paying state | California | Maryland |
| Best paying company | McKinsey & Company Inc | PayPal |
| Best paying industry | Technology | Retail |
There are a few differences between a procurement consultant and a procurement analyst in terms of educational background:
| Procurement Consultant | Procurement Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Stanford University | Northwestern University |
Here are the differences between procurement consultants' and procurement analysts' demographics:
| Procurement Consultant | Procurement Analyst | |
| Average age | 47 | 44 |
| Gender ratio | Male, 66.3% Female, 33.7% | Male, 47.7% Female, 52.3% |
| Race ratio | Black or African American, 9.2% Unknown, 3.8% Hispanic or Latino, 12.4% Asian, 7.5% White, 66.8% American Indian and Alaska Native, 0.3% | 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% |
| LGBT Percentage | 11% | 12% |