Purchase analyst vs procurement analyst

The differences between purchase analysts and procurement 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 procurement analyst. Additionally, a purchase analyst has an average salary of $64,581, which is higher than the $64,448 average annual salary of a procurement analyst.

The top three skills for a purchase analyst include purchase orders, supplier performance and continuous improvement. The most important skills for a procurement analyst are purchase orders, supplier performance, and customer service.

Purchase analyst vs procurement analyst overview

	Purchase Analyst	Procurement Analyst
Yearly salary	$64,581	$64,448
Hourly rate	$31.05	$30.98
Growth rate	11%	11%
Number of jobs	88,542	75,154
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 69%
Average age	44	44
Years of experience	4	4

What does a purchase analyst do?

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.

What does a procurement analyst do?

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.

Purchase analyst vs procurement analyst salary

Purchase analysts and procurement analysts have different pay scales, as shown below.

	Purchase Analyst	Procurement Analyst
Average salary	$64,581	$64,448
Salary range	Between $42,000 And $98,000	Between $45,000 And $91,000
Highest paying City	Milford, MA	Washington, DC
Highest paying state	New Jersey	Maryland
Best paying company	MPS Horticulture	PayPal
Best paying industry	Retail	Retail

Differences between purchase analyst and procurement analyst education

There are a few differences between a purchase analyst and a procurement analyst in terms of educational background:

	Purchase Analyst	Procurement Analyst
Most common degree	Bachelor's Degree, 70%	Bachelor's Degree, 69%
Most common major	Business	Business
Most common college	Northwestern University	Northwestern University

Purchase analyst vs procurement analyst demographics

Here are the differences between purchase analysts' and procurement analysts' demographics:

	Purchase Analyst	Procurement Analyst
Average age	44	44
Gender ratio	Male, 45.8% Female, 54.2%	Male, 47.7% Female, 52.3%
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, 11.8% White, 66.4% American Indian and Alaska Native, 0.2%
LGBT Percentage	12%	12%

Differences between purchase analyst and procurement analyst duties and responsibilities

Purchase analyst example responsibilities.

Transport purchases and contract and manage carriers (freight forwarders in order to arrange and manage the transportation of purchases.
Write RFI and RFP documents and manage the process for each.
Compile and manage the RFP excel database containing incumbent supplier pricing and alternative supplier pricing.
Manage purchasing data within proprietary applications and ERP systems with accuracy.
Manage and determine obsolete and/or slow moving inventory for all above mention commodities.
Manage factory activities for key commodities encompassing resource management in materials and production.

Procurement analyst example responsibilities.

Manage SQL reporting database server that are used by procurement analyst and pull into SharePoint.
Lead a software implementation process and training program for company's ERP (Advantage/Sapphire) system.
Manage, negotiate and source MRO products and services, for building, machinery and grounds maintenance.
Perform reviews of select teams and programs to determine whether VBA and federal policies and guidelines are effectively implement and manage.
Prepare budget estimates base on the P6 schedule in accordance with NASA PPBE guidance.
Function with senior management on RFP and RFQ as well as periodically report detailed analysis of vendor responses.

Purchase analyst vs procurement analyst skills

Common purchase analyst skills

Purchase Orders, 13%
Supplier Performance, 11%
Continuous Improvement, 5%
ERP, 5%
Cost Analysis, 5%
Logistics, 4%

Common procurement analyst skills

Purchase Orders, 9%
Supplier Performance, 7%
Customer Service, 6%
Logistics, 4%
Strategic Sourcing, 4%
Data Analysis, 4%

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Purchase Analyst vs Procurement Analyst

Updated January 8, 2025

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