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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.
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.
What Is the Job Hopper Score for Procurement Analyst Employees?
Moderate job changes in Procurement Analyst, showing some career movement without excessive turnover.

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.

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.
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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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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Any degrees or certifications needed before applying for a Procurement Analyst position?
How does the typical work day look for a Procurement Analyst?
What kind of experience do I need to get hired as a Procurement Analyst?
Do freelancers work as a Procurement Analyst?
Is the interview process long if you apply for a job as a Procurement Analyst?
How was your hiring experience when you applied for a job as a Procurement Analyst?
People working as a Procurement Analyst, what does your work environment look like?
Can you make a decent amount of money if you work as Procurement Analyst?
Question for those who work as a Procurement Analyst: what do you wear at work?
Is it worth it to switch position to a Procurement Analyst nowadays?
Which educational institutions are typical amongst people working as a Procurement Analyst?
How is the gender diversity among people working as a Procurement Analyst?
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Benjamin GardnerFebruary 12, 2021
The women/men ratio is well balanced.
What is the most common age of a Procurement Analyst?
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Isabella HolmesFebruary 12, 2021
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 GardnerFebruary 12, 2021
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 BrownFebruary 12, 2021
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 BrownFebruary 12, 2021
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 BrownFebruary 12, 2021
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 GardnerFebruary 12, 2021
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 HayesFebruary 12, 2021
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 GardnerFebruary 12, 2021
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 BrownFebruary 12, 2021
Buyer, Procurement Manager or Financial Analyst are good next steps for a Procurement Analyst
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