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Salary and Benefits

Procurement Analyst
$44K-$54K / yr. (est.)
$45K
$49,897 / year
$55K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Procurement Analyst

What does a Procurement Analyst do?

We, procurement analysts, act as links between the company departments and required suppliers in creating suitable contracts. We are responsible for evaluation and analysis of capability, and suitability of suppliers. We are also, tasked with negotiating promising contracts with vendors of essential supplies. Preparing monthly supplier cost comparison and performance reports is also our responsibility as procurement analysts. We are tasked with monitoring supplier contract performance and communicating company change needs such as, pricing to vendors. We are expected to verify the quality of products delivered. As procurement analysts, we also monitor the supply or demand needs to ensure supply shortages to customers do not occur.

Core tasks:

  • determining potential suppliers and customers
  • forecasting supply and demand needs
  • preparing product profitability or performance reports for management
  • ascertaining quality of supplied products

Insights

How Many Years of Experience Do Professionals Need Before Becoming Procurement Analyst?
On average, people work 5-7 years in other positions prior to becoming a Procurement Analyst.
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Procurement AnalystAtlanta, GA - A year ago
Wow! I can't believe it's average to work for so long in other jobs before becoming a procurement analyst. Lot of experience required, I guess. 👀
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Procurement AnalystLos Angeles, CA - A year ago
I don't get why anyone would wanna waste all that time doing other jobs when they could be doing something awesome like being a procurement analyst! 🤷
How Long Do Procurement Analyst Employees Typically Stay in Their Roles?
On average, Procurement Analysts works in this position for 3-5 years across multiple employers.
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Operations CoordinatorHouston, TX - A year ago
Trust me, being a Procurement Analyst is not something you can do effectively without considerable experience in the field.
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Administrative AssistantMiami, FL - A year ago
3-5 years seems perfectly reasonable to gain proficiency in procurement analysis, especially with ongoing professional development. 🤷
What Is the Job Hopper Score for Procurement Analyst Employees?
Moderate job changes in Procurement Analyst, showing some career movement without excessive turnover.
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Procurement Consultant - ContractorHouston, TX - A year ago
💼 This is a great image! It highlights the flexibility that freelance consultants enjoy within the procurement industry.
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Director OF ProcurementMiami, FL - A year ago
This infographic fails to address the responsibility and intensity that comes with being a Director of Procurement. It's not just about career changes!

Career path

Path to job

Discover a Procurement Analyst's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Procurement Analyst typically studied at.
Michigan State University
Penn State University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Procurement Analyst Employees?
Gender ratio in Procurement Analyst position: 0.566803092314689 Male and 0.433196907685311 Female. Age ratio in Procurement Analyst position: 16-20: 5%, 21-30: 68%, 31-40: 18%, 41-50: 7%, 51-60: 2%, 60+: 0%. Procurement Analyst position is predominantly male (56.7%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Procurement AnalystHouston, TX - A year ago
those age percentages seem off, are there any other age groups considered? 🤔
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Procurement AnalystSeattle, WA - A year ago
is the lack of diversity affecting the industry as a whole? 👥

Workplaces

Who Are the Top Employers for Procurement Analyst?
Top employers of Procurement Analyst position: Amazon, BAE Systems USA, Boeing. People who work in Procurement Analyst position most typically go on to work for the Amazon.
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Procurement AnalystHouston, TX - A year ago
Being a top employer doesn't automatically make Amazon the best option for Procurement Analysts. Other factors matter, like work-life balance!
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Procurement AnalystPhiladelphia, PA - A year ago
I've heard great things about BAE Systems USA and Boeing when it comes to procurement opportunities. Don't overlook them!
Amazon
BAE Systems USA
Boeing
What Industries Does Procurement Analyst Typically Have Experience In?
Industry Background: The most typical industries of Procurement Analyst: Manufacturing, Retail, Public Administration, Information Technology, Professional / Scientific / Technical. Procurement Analyst employees most likely come from a Manufacturing industry background.
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Procurement AnalystHouston, TX - A year ago
lol 🙄 I'm a Procurement Analyst in the retail industry and trust me, it's not just about robots. It's about building relationships and negotiating the best deals!
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Procurement AnalystPhiladelphia, PA - A year ago
💪Agreed! I work as a Procurement Analyst in the public administration industry, and human skills like problem-solving and strategic thinking are essential for success!

Find your job as Procurement Analyst

Discussion about Procurement Analyst

Want to know more about Procurement Analyst position?
Share your thoughts and ideas about Procurement Analyst position with others in our community.
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How is the gender diversity among people working as a Procurement Analyst?
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Benjamin Gardner3 years ago
The women/men ratio is well balanced.
What is the most common age of a Procurement Analyst?
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Isabella Holmes3 years ago
28 is the average age of people working as a Procurement Analyst.
How many years of experience do you usually have as a Procurement Analyst?
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Benjamin Gardner3 years ago
You probably need around 6 years to work as a Procurement Analyst
Which industries should a Procurement Analyst consider working in?
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Liam Brown3 years ago
Manufacturing is the most probable for a Procurement Analyst to work in.
Is a higher education needed as a Procurement Analyst?
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Liam Brown3 years ago
As a Procurement Analyst you’ll probably need Bachelor of Science degree
Which company are you working for as a Procurement Analyst?
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Liam Brown3 years ago
Working as a Procurement Analyst it might be a good next step to work for Amazon, BAE Systems USA, Boeing, Northrop Grumman and US Department of Veterans Affairs
How many years do people work as a Procurement Analyst before changing their role?
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Benjamin Gardner3 years ago
On average people change after 4 years.
How common is it for a Procurement Analyst to jump from company to company?
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Sophie Hayes3 years ago
A typical Procurement Analyst might work for one or two companies.
What jobs do people work in before becoming a Procurement Analyst?
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Benjamin Gardner3 years ago
Most people come from Buyer, Contract Specialist or Contracting Officer roles
If I’m working as a Procurement Analyst, what next position could I have?
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Liam Brown3 years ago
Buyer, Procurement Manager or Financial Analyst are good next steps for a Procurement Analyst
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