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The differences between purchase analysts and process analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a purchase analyst and a process analyst. Additionally, a process analyst has an average salary of $73,233, which is higher than the $64,581 average annual salary of a purchase analyst.
The top three skills for a purchase analyst include purchase orders, supplier performance and continuous improvement. The most important skills for a process analyst are process improvement, project management, and customer service.
| Purchase Analyst | Process Analyst | |
| Yearly salary | $64,581 | $73,233 |
| Hourly rate | $31.05 | $35.21 |
| Growth rate | 11% | 11% |
| Number of jobs | 88,542 | 123,238 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 66% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A purchase analyst is responsible for looking at the market outlook and determining what and when to buy when ordering supplies. They are responsible for making an investment in a product or technology, and contracting with vendors. You have varied duties and responsibilities that include researching product prices and comparisons, determining price history and cost-effectiveness, and providing leadership for logistics, resource management decisions, and sourcing. You will also be responsible for purchasing equipment from suppliers and working closely with leadership to develop sourcing strategies.
A process analyst is also known as an operations research analyst, who evaluates in detail the steps in producing products and making important decisions as well as providing recommendations on how to enhance them. They are IT specialists that analyze the business process and workflows to determine how they can be computerized and improved. Responsibilities include identifying problems and risks as well as engaging in problem resolution. Important skills to consider for applicants include being innovative thinkers and goal-oriented.
Purchase analysts and process analysts have different pay scales, as shown below.
| Purchase Analyst | Process Analyst | |
| Average salary | $64,581 | $73,233 |
| Salary range | Between $42,000 And $98,000 | Between $49,000 And $108,000 |
| Highest paying City | Milford, MA | Santa Clara, CA |
| Highest paying state | New Jersey | Connecticut |
| Best paying company | MPS Horticulture | Apple |
| Best paying industry | Retail | Finance |
There are a few differences between a purchase analyst and a process analyst in terms of educational background:
| Purchase Analyst | Process Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between purchase analysts' and process analysts' demographics:
| Purchase Analyst | Process Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 45.8% Female, 54.2% | Male, 50.8% Female, 49.2% |
| Race ratio | Black or African American, 8.4% Unknown, 4.5% Hispanic or Latino, 9.1% Asian, 10.6% White, 67.2% American Indian and Alaska Native, 0.2% | Black or African American, 8.2% Unknown, 4.5% Hispanic or Latino, 9.0% Asian, 12.2% White, 66.0% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |