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Become A Purchase Analyst

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Working As A Purchase Analyst

  • Getting Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Interacting With Computers
  • Communicating with Persons Outside Organization
  • Establishing and Maintaining Interpersonal Relationships
  • Mostly Sitting

  • Make Decisions

  • Stressful

  • $47,113

    Average Salary

What Does A Purchase Analyst Do At United Technologies Corporation

* Buying/Procurement of electrical or electromechanical components to be used in the manufacture of microprocessor based control boards for the HVAC industry
* Assurance of timely delivery and inventory management in a high demanding work environment
* Materials requirements planning (MRP) for inventory control, supplier selection and supplier quality
* Daily analysis review and evaluation of changing work orders by commodity
* Access and analyze multiple systems to ensure supplier on-time-delivery of 100 percent and ability to use business judgment to resolve problems to get to root cause
* Make significant contributions to the team by applying own knowledge of buying/procurement function from past experiences
* Engage in projects associated with last time buys, parts obsolescence and inventory management focused on electrical or electromechanical commodities
* Ability to work in a team environment and play a pivotal role in working with production lines, engineering, warehouse staff and shipping companies to find creative solutions to meet the customers demand

What Does A Purchase Analyst Do At Ford Motor Company

* Support the development and delivery of analytic models using skills such as data acquisition and management, algorithm design, and model development & refinement
* Acquire deep understanding of the business problems and translate them into appropriate mathematical representations
* Encode mathematical abstractions into prototype computer programs or models
* Ensure overall quality of the data & solutions throughout the analytic development process
* Interpret results and communicate them to technical and non-technical audiences, cross-functional teams and executive leadership

What Does A Purchase Analyst Do At Compass Group, North America

* Reporting to include reviewing manual orders over automated orders, assisting conversion support of any acquisitions.
* Work closely with Manager on projects as needed.
* Facilitate national contracts for facility services and janitorial supplies.
* Liaise and build/maintain relationships with service suppliers and internal customers.
* Have the ability to process volumes of data into meaningful measurements to make good business decisions.
* Problem resolution.
* Enforce field contract compliance for cost control and to increase volume allowance.
* Assist Purchasing Manager with calculating, tracking and enhancing vendor and manufacturer volume allowance.
* Assist Purchasing Manager with maintaining excellent vendor relations and performance.
* Support procurement systems by training as needed and utilizing systems for compliance.
* Perform analyses of purchases and vendor disbursements for report of the field contract compliance.
* Source new products and vendors as necessary including RFQ, RFP and analysis of responses to support the requirements and coordinate with Foodbuy.
* Perform bid analyses to determine best buy.
* Processes purchase capital requisitions and special orders when necessary.
* Other duties as assigned

What Does A Purchase Analyst Do At ICI Services

* Under the guidance of the Financial Management Analyst and Project Manager, this position will:
* Develop and manage vendor partnerships and relationships
* Facilitate the purchasing of material from third party vendors in accordance with the Federal Acquisition Regulations (FARs)
* Negotiate price, quantity, lead times, terms and conditions with vendors
* Work with the vendor accounting departments and corporate accounting personnel to facilitate vendor payments
* Maintain accurate records and documentation as required by company and federal requirements
* Work with the Project manager and Financial Management Analyst to continually improve existing procedures

What Does A Purchase Analyst Do At Ferguson Enterprises, Inc.

* Use purchasing system to accurately place purchase orders to manufacturers confirming pricing, terms and quantities are accurate.
* Serve as the main point of contact for sales staff regarding inbound and customer shipments.
* Maintain min/max ordering quantities based on seasonal demand to attain turnover goals.
* Maintain lead times for products sold on websites to ensure customer expectations are met.
* Update staff and customers with projected and updated due in dates.
* Develop and apply updated methods for better managing inventory levels

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How To Become A Purchase Analyst

Although a high school diploma may be sufficient for some positions, many employers require buyers and purchasing agents to have a bachelor’s degree. Most entry-level positions require some form of on-the-job training.

Education

Educational requirements usually vary with the size of the organization. Although a high school diploma may be enough at some organizations, many businesses require applicants to have a bachelor’s degree. For many positions, a degree in business, finance, or supply management is sufficient.

For those interested in a career as a buyer or purchasing agent of farm products, a degree in agriculture, agriculture production, or animal science is often beneficial.

Training

Buyers and purchasing agents typically get on-the-job training for more than 1 year. During this time, they learn how to perform their basic duties, including monitoring inventory levels and negotiating with suppliers.

Licenses, Certifications, and Registrations

There are several certifications available for buyers and purchasing agents. Although some employers require certification, many do not.

Most of these certifications involve oral or written exams and have education and work experience requirements.

The Institute for Supply Management offers the Certified Professional in Supply Management (CPSM) credential, which covers a wide scope of purchasing professional duties. To receive the CPSM credential, candidates must pass three exams and those with a bachelor’s degree must possess at least 3 years of relevant work experience while those without a bachelor’s degree must have at least 5 years of relevant work experience.

The American Purchasing Society offers the Certified Purchasing Professional (CPP) certification. The CPP certification is valid for 5 years. Candidates must earn a certain number of professional development “points” to renew their certification. Candidates initially become eligible and can renew their certification through a combination of purchasing-related experience, education, and professional contributions (such as published articles or delivered speeches).

APICS offers the Certified Supply Chain Professional (CSCP) credential. Applicants must have 3 years of relevant business experience or a bachelor’s degree in order to be eligible for the CSCP credential. The credential is valid for 5 years. Candidates must also earn a certain number of professional development points to renew their certification.

The Next Level Purchasing Association offers the Senior Professional in Supply Management (SPSM) Certification. Although there are no education or work experience requirements, applicants must complete six online courses and pass an SPSM exam. Certification is valid for 4 years. Candidates must complete 32 continuing education hours in procurement-related topics to recertify for an additional four-year period.

The Universal Public Procurement Certification Council (UPPCC) offers two certifications for workers in federal, state, and local government. The Certified Professional Public Buyer (CPPB) credential requires applicants to have earned at least an associate’s degree, possess at least 3 years of public procurement experience, and complete relevant training courses. The Certified Public Purchasing Officer (CPPO) requires applicants to have earned a bachelor’s degree, possess at least 5 years of public procurement experience, and complete additional training courses.

Those with the CPPB or the CPPO designation must renew their certification every 5 years by completing continuing education courses or attending procurement-related conferences or events.

The National Institute of Government Purchasing (NIGP), Institute for Public Procurement offers preparation courses for the UPPCC certification exams.

Advancement

An experienced purchasing agent or buyer may become an assistant purchasing manager before advancing to purchasing manager, supply manager, or director of materials management. Buyers and purchasing agents with extensive work experience can also advance to become the Chief Procurement Officer (CPO) for an organization.

Important Qualities

Analytical skills. When evaluating suppliers, buyers and purchasing agents must analyze their options and choose a supplier with the best combination of price, quality, delivery, or service. 

Decisionmaking skills. Buyers and purchasing agents must have the ability to make informed and timely decisions, choosing products that they think will sell.

Math skills. Buyers and purchasing agents must possess basic math skills. They must be able to compare prices from different suppliers to ensure that their organization is getting the best deal. 

Negotiating skills. Buyers and purchasing agents often must negotiate the terms of a contract with a supplier. Interpersonal skills and self-confidence, in addition to knowledge of the product, can help lead to successful negotiations.

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Purchase Analyst jobs

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Purchase Analyst Career Paths

Purchase Analyst
Accountant Operations Manager Purchasing Manager
Director Of Global Sourcing
12 Yearsyrs
Project Manager Product Manager Purchasing Manager
Director Of Purchasing
10 Yearsyrs
Procurement Agent Purchasing Manager
Director Of Sourcing
13 Yearsyrs
Supply Chain Analyst Supply Chain Specialist Purchasing Manager
Director Of Strategic Sourcing
13 Yearsyrs
Supply Chain Manager Senior Manager, Procurement
Director, Procurement
13 Yearsyrs
Purchasing Manager Program Manager
General Manager
7 Yearsyrs
Accountant Account Manager Purchasing Manager
Global Procurement Manager
10 Yearsyrs
Supply Chain Analyst Supply Chain Manager
Global Supply Chain Manager
11 Yearsyrs
Business Analyst Quality Assurance Manager Production Manager
Material Manager
9 Yearsyrs
Analyst Planner Material Manager
Material Project Manager
8 Yearsyrs
Purchasing Manager General Manager Account Manager
Operations Manager
7 Yearsyrs
Finance Analyst Controller Operations Manager
Plant Manager
11 Yearsyrs
Analyst Finance Analyst Purchasing Manager
Procurement Officer
6 Yearsyrs
Procurement Agent Senior Sourcing Specialist Purchasing Manager
Project Procurement Manager
12 Yearsyrs
Finance Analyst Accounting Manager Operations Manager
Purchasing Manager
9 Yearsyrs
Purchasing Supervisor Purchasing Manager
Senior Manager, Procurement
11 Yearsyrs
Project Manager Engineering Manager Purchasing Manager
Senior Purchasing Manager
9 Yearsyrs
Purchasing Supervisor Material Manager Purchasing Manager
Senior Sourcing Manager
12 Yearsyrs
Supply Chain Manager Program Manager Senior Manager
Supply Chain Director
14 Yearsyrs
Business Analyst Product Manager Operations Manager
Supply Chain Manager
10 Yearsyrs
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Purchase Analyst Demographics

Gender

  • Female

    54.2%
  • Male

    43.7%
  • Unknown

    2.1%

Ethnicity

  • White

    75.7%
  • Hispanic or Latino

    12.9%
  • Asian

    8.8%
  • Unknown

    1.8%
  • Black or African American

    0.7%
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Languages Spoken

  • Spanish

    44.4%
  • German

    11.1%
  • French

    8.3%
  • Italian

    8.3%
  • Chinese

    5.6%
  • Mandarin

    5.6%
  • Bulgarian

    1.4%
  • Hindi

    1.4%
  • Macedonian

    1.4%
  • Albanian

    1.4%
  • Arabic

    1.4%
  • Japanese

    1.4%
  • Cheyenne

    1.4%
  • Russian

    1.4%
  • Urdu

    1.4%
  • Korean

    1.4%
  • Croatian

    1.4%
  • Bengali

    1.4%
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Purchase Analyst

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Real Purchase Analyst Salaries

Job Title Company Location Start Date Salary
Management and Purchasing Analyst Al Legacy Partners Inc. Dallas, TX Jun 15, 2014 $115,877
Management and Purchasing Analyst American Leather Dallas, TX Jun 30, 2015 $115,315
Management and Purchasing Analyst American Leather Dallas, TX Jan 10, 2015 $115,315
Management and Purchasing Analyst Al Legacy Partners Inc. Dallas, TX Mar 01, 2014 $107,536
General Purchasing Analyst Detroit Diesel Corporation Detroit, MI Oct 08, 2016 $92,587
SR. Purchasing Analyst Mobis Alabama, LLC Montgomery, AL Sep 12, 2015 $89,378
Purchasing Analyst Detroit Diesel Corporation Detroit, MI Sep 10, 2015 $85,729
General Purchasing Analyst Detroit Diesel Corporation Detroit, MI Jul 27, 2016 $83,232
Coffee Purchasing Analyst Peet's Coffee & Tea, Inc. Emeryville, CA Mar 04, 2011 $72,000
Purchasing Analyst Cummins Emission Solutions Inc. Columbus, IN Jul 28, 2012 $70,000 -
$91,400
Purchasing Analyst Cummins Emission Solutions Inc. Columbus, IN Apr 16, 2012 $70,000 -
$91,400
Purchasing Analyst Saint-Gobain Corporation Valley, PA Oct 01, 2011 $70,000 -
$80,000
Analyst Purchasing SSAB Enterprises, LLC Lisle, IL Jul 16, 2015 $67,200
Purchasing PFR Analyst Cummins Inc. Columbus, IN Jan 31, 2014 $59,620 -
$80,600
Purchasing Analyst Synnex Corporation Fremont, CA Sep 26, 2011 $58,053
Cost Purchase Analyst Cummins Inc. Fridley, MN Oct 01, 2014 $57,221 -
$75,200
Purchasing Analyst Ageatia Technology Consultancy Services Inc. Schaumburg, IL Aug 28, 2015 $56,000
Purchasing Analyst Steve Silver Company Forney, TX Sep 01, 2015 $55,368
Purchasing Analyst Acme Furniture Industry, Inc. Industry, CA Apr 22, 2015 $54,330
Purchasing Analyst The Sherwin-Williams Company Cleveland, OH Oct 01, 2011 $53,014
Project and Purchasing Analyst Aluminum Shapes, LLC NJ Feb 26, 2014 $46,405
Purchasing Analyst Kawasaki Rail Car, Inc. Yonkers, NY Sep 04, 2012 $46,217
Purchasing Analyst JOON, LLC Cusseta, AL Jan 14, 2015 $45,843
Purchasing Analyst Headmost International, Inc. Ontario, CA Mar 21, 2011 $45,204
Purchasing Analyst RAB Lighting Northvale, NJ Mar 01, 2013 $45,000
Purchasing Analyst ZF Services North America, LLC Vernon Hills, IL Jan 02, 2011 $45,000
Purchasing Analyst Kawasaki Rail Car, Inc. Yonkers, NY Aug 10, 2014 $44,990

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Top Skills for A Purchase Analyst

SupplierPerformancePurchaseOrdersNewVendorsProceduresFinancialReportsCostSavingsDataEntryRawMaterialsBuyersCostReductionCustomerServiceRFQInventoryLevelsProposalsERPLogisticsMRPAuditRFPProjectManagement

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Top Purchase Analyst Skills

  1. Supplier Performance
  2. Purchase Orders
  3. New Vendors
You can check out examples of real life uses of top skills on resumes here:
  • Monitored supplier performance and responsiveness for cost, quality and delivery.
  • Initialize SAP transactions to issue purchase orders.
  • Establish new vendors and work with administrator on vendor contracts.
  • Negotiate purchases and contracts for goods and services required by different areas, following policies and procedures established by the Company.
  • Designed and analyzed financial reports to track savings initiatives, and to maintain and communicate performance measures with business executives.

Top Purchase Analyst Employers

Purchase Analyst Videos

Purchasing Agent, Career Video from drkit.org

Careers in Supply Management

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