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Strategic buyer vs senior buyer

The differences between strategic buyers and senior buyers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a strategic buyer and a senior buyer. Additionally, a senior buyer has an average salary of $79,848, which is higher than the $74,725 average annual salary of a strategic buyer.

The top three skills for a strategic buyer include supply chain, purchase orders and strategic sourcing. The most important skills for a senior buyer are supply chain, purchase orders, and MRP.

Strategic buyer vs senior buyer overview

Strategic BuyerSenior Buyer
Yearly salary$74,725$79,848
Hourly rate$35.93$38.39
Growth rate--
Number of jobs23,15627,412
Job satisfaction--
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 70%
Average age4848
Years of experience66

What does a strategic buyer do?

A strategic buyer defines detailed plans and objectives for each project as per the organization and business unit purchasing strategies. Besides undertaking benchmarking and updating activity and project progress, strategic buyers also control the supply chain actions and supply chain risks to keep the supply chain secure. Also, these professionals negotiate favorable, effective, and precise terms and conditions as per the rules. Moreover, strategic buyers control the projects' risks and create an effective action plan to achieve all project objectives.

What does a senior buyer do?

The job of senior buyers, or also known as purchasing agents, is to meet the material needs of an organization. They are responsible for finding suppliers, arranging the distribution to several retail outlets, and supervising other purchasing agents. They also look for new product streams and establish procurement strategies. Senior buyers typically begin their careers as assistant buyers or junior purchasing agents. Most employers usually prefer those with college degrees in marketing, business, and economics.

Strategic buyer vs senior buyer salary

Strategic buyers and senior buyers have different pay scales, as shown below.

Strategic BuyerSenior Buyer
Average salary$74,725$79,848
Salary rangeBetween $51,000 And $109,000Between $56,000 And $112,000
Highest paying CityPleasanton, CANew York, NY
Highest paying stateCaliforniaNew York
Best paying companyEntegrisCapgemini
Best paying industryManufacturingHospitality

Differences between strategic buyer and senior buyer education

There are a few differences between a strategic buyer and a senior buyer in terms of educational background:

Strategic BuyerSenior Buyer
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 70%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Strategic buyer vs senior buyer demographics

Here are the differences between strategic buyers' and senior buyers' demographics:

Strategic BuyerSenior Buyer
Average age4848
Gender ratioMale, 61.7% Female, 38.3%Male, 57.7% Female, 42.3%
Race ratioBlack or African American, 8.9% Unknown, 4.4% Hispanic or Latino, 12.3% Asian, 7.7% White, 66.0% American Indian and Alaska Native, 0.8%Black or African American, 8.8% Unknown, 4.4% Hispanic or Latino, 12.1% Asian, 7.6% White, 66.3% American Indian and Alaska Native, 0.8%
LGBT Percentage7%7%

Differences between strategic buyer and senior buyer duties and responsibilities

Strategic buyer example responsibilities.

  • Manage the implementation of essential MRO procurement initiatives to increase quality of technology while minimizing cost and timing.
  • Communicate with stakeholders to gather current requirements and specifications to be used within an RFI, RFQ, or RFP.
  • Analyze MRP forecasts and usage, applying thorough knowledge of the company s products and business objectives for sound procurement decisions.
  • Monitor inventory in coordination with third-party logistics providers.
  • Spearhead numerous process enhancements through ERP system automation.
  • Expedite and administer complex international arrangements for logistics department.
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Senior buyer example responsibilities.

  • Manage assigned commodities by communicating MRP changes and forecasts to minimize excess inventory to achieve optimum inventory levels.
  • Manage and analyze supplier OTD and keep in constant communication with suppliers to help improve delivery.
  • Manage ECO process with overseas manufacturing partner.
  • Lead Made2Manage ERP system development and implementation to improve effectiveness and efficiency of inventory.
  • Manage invoice reconciliations, RFQ management, system database review and regular inventory reporting.
  • Manage commodities at establish re-order point levels meeting forecast for production scale-up and revenue goals.
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Strategic buyer vs senior buyer skills

Common strategic buyer skills
  • Supply Chain, 17%
  • Purchase Orders, 6%
  • Strategic Sourcing, 5%
  • Supplier Performance, 5%
  • Cost Reduction, 5%
  • Continuous Improvement, 5%
Common senior buyer skills
  • Supply Chain, 17%
  • Purchase Orders, 11%
  • MRP, 4%
  • Supplier Performance, 4%
  • Commodities, 4%
  • Continuous Improvement, 4%

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