What does a purchase price analyst do?
Purchase price analyst responsibilities
Here are examples of responsibilities from real purchase price analyst resumes:
- Manage factory activities for key commodities encompassing resource management in materials and production.
- Utilize DSTWare ERP system to analyze orders for inventory replenishment by means of interpreting trends, deviations, and statistical tests.
- Code analysis as per the best practices on PL/SQL.
- Work with current software vendor and pricing manager to utilize ERP system for procurement and pricing protocols.
- Provide constant communication to national and international vendors and OEM customers.
- Work with pharmacy staff to develop discharge medication application for nursing and pharmacy staff to provide patients with clearer medication instructions.
- Prepare and present reports detailing compliance review findings and solutions to GSA's senior-level executives and organizational acquisition operations directors.
Purchase price analyst skills and personality traits
We break down the percentage of Purchase Price Analysts that have these skills listed on their resume here:
- Customer Service, 100%
Ensured customer service satisfaction with continual involvement in all customer service areas, public relations, and promotion of facility.
Analytical skills. The most essential soft skill for a purchase price analyst to carry out their responsibilities is analytical skills. This skill is important for the role because "management analysts must be able to interpret information and use their findings to make proposals." Additionally, a purchase price analyst resume shows how their duties depend on analytical skills: "utilized dstware erp system to analyze orders for inventory replenishment by means of interpreting trends, deviations, and statistical tests. "
Communication skills. Another soft skill that's essential for fulfilling purchase price analyst duties is communication skills. The role rewards competence in this skill because "management analysts must be able to convey information clearly in both writing and speaking." According to a purchase price analyst resume, here's how purchase price analysts can utilize communication skills in their job responsibilities: "provided constant communication to national and international vendors and oem customers. "
Interpersonal skills. purchase price analysts are also known for interpersonal skills, which are critical to their duties. You can see how this skill relates to purchase price analyst responsibilities, because "management analysts work with managers and other employees of the organizations for which they provide consulting services." A purchase price analyst resume example shows how interpersonal skills is used in the workplace: "possess excellent interpersonal, analytical, communication and organizational skills with proven ability in team management, customer relationship management"
Problem-solving skills. A big part of what purchase price analysts do relies on "problem-solving skills." You can see how essential it is to purchase price analyst responsibilities because "management analysts must be able to think creatively to solve clients’ problems." Here's an example of how this skill is used from a resume that represents typical purchase price analyst tasks: "assist in the research and resolution of credit memos posting errors, duplicate payments and purchase order concerns. "
Time-management skills. Another crucial skill for a purchase price analyst to carry out their responsibilities is "time-management skills." A big part of what purchase price analysts relies on this skill, since "management analysts often work under tight deadlines and must use their time efficiently to complete projects on schedule." How this skill relates to purchase price analyst duties can be seen in an example from a purchase price analyst resume snippet: "manage logistics working with selected forwarders and foreign suppliers for on time deliveries. "
The three companies that hire the most purchase price analysts are:
Compare different purchase price analysts
Purchase price analyst vs. Business consultant
A business consultant is an individual who works directly with business owners on developing a business plan and identifying their marketing needs. Business consultants offer business owners a wide range of services, such as supplementing existing staff, provide expertise in a specific market, and influencing other people. To increase revenue in business, business consultants should have experience success with the previous business owners. Business consultants must also have a bachelor's degree in business management and received years of field training.
These skill sets are where the common ground ends though. The responsibilities of a purchase price analyst are more likely to require skills like "contract transactions," "order management," "chain processes," and "rfq." On the other hand, a job as a business consultant requires skills like "data analysis," "project management," "strong analytical," and "analytics." As you can see, what employees do in each career varies considerably.
Business consultants tend to reach higher levels of education than purchase price analysts. In fact, business consultants are 18.7% more likely to graduate with a Master's Degree and 2.1% more likely to have a Doctoral Degree.Purchase price analyst vs. Senior consultant
Senior consultants are individual contributors whose services are tapped by the organization for guidance on specific projects. They are experienced experts in a particular field that the company operates in or would like to have projects in. They are given primers on specific projects, and they comment on the feasibility of the undertaking. Once the task is deemed feasible, senior consultants act as guides throughout the project's planning and initial implementation stages. They provide their expert opinion to ensure the success of the project.
In addition to the difference in salary, there are some other key differences worth noting. For example, purchase price analyst responsibilities are more likely to require skills like "contract transactions," "order management," "chain processes," and "rfq." Meanwhile, a senior consultant has duties that require skills in areas such as "healthcare," "strong problem-solving," "project management," and "java." These differences highlight just how different the day-to-day in each role looks.
In general, senior consultants achieve higher levels of education than purchase price analysts. They're 21.7% more likely to obtain a Master's Degree while being 2.1% more likely to earn a Doctoral Degree.Purchase price analyst vs. Management consultant
A management consultant's responsibility focuses on conducting an in-depth analysis of a company or business, including its target market. Through their findings, they can devise strategies that will help the business grow and attain a significant profit. There are also instances when a management consultant must solve particular issues that will require them to investigate the problem, assess damages, identify risks, and recommend the best solutions to take. Furthermore, a management consultant must adhere to the company's vision, mission, and policies at all times.
Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from purchase price analyst resumes include skills like "contract transactions," "order management," "chain processes," and "rfq," whereas a management consultant is more likely to list skills in "healthcare," "project management," "portfolio," and "business process. "
Management consultants typically earn higher educational levels compared to purchase price analysts. Specifically, they're 21.7% more likely to graduate with a Master's Degree, and 1.7% more likely to earn a Doctoral Degree.Purchase price analyst vs. Consultant
Consultants are individuals who were tapped by a company or an organization to work on a specific activity, depending on their field of expertise. They act as guides for the organization in undertaking projects that are related to their field. Consultants would usually assist organizations in planning, often giving advice when the need arises. They would, at times, take the lead in activities that involve data gathering and interpretation of data gathering results so that they can provide solid recommendations on actions that the organization may undertake. They may also guide the organization in implementing any changes brought about by their consultancy and in evaluating the effectiveness of the changes.
Even though a few skill sets overlap between purchase price analysts and consultants, there are some differences that are important to note. For one, a purchase price analyst might have more use for skills like "contract transactions," "order management," "chain processes," and "rfq." Meanwhile, some responsibilities of consultants require skills like "strong analytical," "project management," "c++," and "c #. "
In general, consultants hold higher degree levels compared to purchase price analysts. Consultants are 17.5% more likely to earn their Master's Degree and 2.9% more likely to graduate with a Doctoral Degree.Types of purchase price analyst
Updated January 8, 2025
