Procurement Analyst Salary

By Henry R. Steele - January 8, 2018
Reading Time: 8 minutes

The following article discusses the career path of Procurement Analyst. Learn about how to become one, education requirements, job duties, traits and qualities, national salary outlook as well as top national employers of Procurement Analysts.

Job Duties

Procurement analysts are responsible for building relationships between companies and external vendors. They also maintain these relationships so that they are mutually beneficial. They negotiate new arrangements for buying materials, goods, and services needed by the company, while sticking to budget limitations.

These professionals regularly meet with vendors in order to negotiate prices and agree on a delivery system. To strengthen their position in these negotiations, they must understand the market, thereby ensuring value for money. Additionally, they must look into the background of vendors to ensure they can deliver on their promises and have a credible reputation. Furthermore, they must gather and analyze data on the transactions that have taken place between their organization and the external vendors to determine whether the relationship should continue.

Other job duties of a procurement analyst are:

  • To analyze and collect data across the organization in order to ensure decision making groups can perform
  • To update inventory data and system, leading data assurance and quality
  • To develop new categories, measure, and track them in relation to spending
  • To analyze budgets
  • To negotiate timelines, specifications, and costs with suppliers and vendors in order to create mutually beneficial service level agreements
  • To coordinate organization, scheduling, delivery, and payment of purchases
  • To place orders as appropriate in order to maintain supply

Where We Work

According to the U.S. Bureau of Labor Statistics, there were 520,400 purchasing managers, buyers, and purchasing agents in 2016. The largest employers of these professionals were:

  • Manufacturing: 23%
  • Wholesale trade: 15%
  • Management of companies and enterprises: 10%
  • Retail trade: 9%
  • Federal government: 8%

How to Become

A procurement analyst is expected to hold a bachelor’s degree in business administration, business management, or related field as a minimum. Additionally, they should have a lot of professional experience, particularly if they have to interact with vendors. Recent graduates will only be accepted into the role if they have completed an internship, therefore.

Education Requirements

A procurement analyst is almost always expected to hold a bachelor’s degree, although the size of the organization does play a role in this. The major of the degree should be in supply management, finance, or business, or a related field. Work experience is very important, as it demonstrates that someone has gained on the job training.

A procurement analyst may also obtain various forms of certification, although this is generally not a legal requirement. Appropriate certifications include:

  • Certified Purchasing Professional (CPP) offered by the American Purchasing Society.
  • Certified Supply Chain Professional (CSCP) offered by the American Production and Inventory Control Society (APICS).
  • Senior Professional in Supply Chain Management (SPSM) offered by the Next Level Purchasing Association.
  • Certified Public Purchasing Officer (CPPO) offered by the Universal Public Procurement Certification Council (UPPCC).
  • Certified Professional Public Buyer (CPPB) offered by the UPPCC.

All certifications are valid for a limited time only and must therefore be renewed through further training and examinations. Organizations such as the National Association of State Procurement Officials (NASPO) and the National Institute of Government Purchasing (NIGP) offer training for these courses.

A procurement analyst will typically have at least five years’ working experience in a relevant area. Often, these professionals grow into their role through internal promotions. Others are brought in externally, in which case education weighs more heavily.

Traits & Qualities

The most effective procurement analysts have the following traits to some degree or other:

  • Strong analytical skills
  • Excellent decision making skills
  • Very good mathematical skills
  • Negotiating skills
  • Computer skills, particularly in relation to inventory control software
  • Management and leadership skills to motivate employees across the board
  • Financial skills, particularly focusing on budget management
  • Strong communication skills, both verbal and written
  • Keen eye for detail
  • Computer literacy

Minimum Education

Bachelor’s Degree

National Salary

The national average salary estimate for Procurement Analyst was $69,088. This number is estimated from over 234,324 employees, users past and present job advertisements from Indeed.com. This equates to an hourly salary of $35.98 and monthly of $5,757.

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$18,000

$153,000

Salary Distribution

Salary by State

The following section lists Procurement Analyst salaries in each state around the country. The figures are based on the total number of job postings through Indeed.com. For example, DC had the largest quoted salary of $105,266 while Arizona had the smallest quoted salary of $35,059.

Alabama Illinois Minnesota Oregon
Arizona Indiana North Carolina Pennsylvania
California Kansas New Jersey Tennessee
Colorado Kentucky New Mexico Texas
DC Louisiana Nevada Virginia
Delaware Massachusetts New York Washington
Florida Maryland Ohio Wisconsin
Georgia Michigan Oklahoma
Alabama$91,300 Rank: 2nd
The average salary ranks 2nd among states in the country. There were also job openings from employers like Department of Homeland Security, ITAC Solutions, Accountemps, and United States Department Of Defense.

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$31,000

$183,000

Salary Distribution
Arizona$35,059 Rank: 31st
The average salary ranks 31st among states in the country. There were also job openings from employers like Randstad.

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$9.20

$27.75

Salary Distribution
California$53,126 Rank: 22nd
The average salary ranks 22nd among states in the country. There were also job openings from employers like Recruitment Options Inc., Beckman Coulter, Inc., The University of California, and Northrop Grumman.

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$9.15

$55.95

Salary Distribution
Colorado$66,603 Rank: 14th
The average salary ranks 14th among states in the country. There were also job openings from employers like University of Colorado.

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$17,000

$148,000

Salary Distribution
DC$105,266 Rank: 1st
The average salary ranks 1st among states in the country. There were also job openings from employers like U.S. Department of State, Department of Labor, Department of Homeland Security, and U.S. Government.

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$40,000

$201,000

Salary Distribution
Delaware$52,000 Rank: 24th
The average salary ranks 24th among states in the country. There were also job openings from employers like Creative Options.

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$26,000

$78,000

Salary Distribution
Florida$58,295 Rank: 19th
The average salary ranks 19th among states in the country. There were also job openings from employers like U.S. Air Force, Department of Homeland Security, CITY OF TAMPA, and Hillsborough County, FL.

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$14,000

$137,000

Salary Distribution
Georgia$49,113 Rank: 25th
The average salary ranks 25th among states in the country. There were also job openings from employers like U.S. Air Force, Robert Half Technology, and TeamPersona.

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$7.25

$57.10

Salary Distribution
Illinois$74,115 Rank: 7th
The average salary ranks 7th among states in the country. There were also job openings from employers like Michael Page, BP, and WD Engineering Resources.

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$24,000

$151,000

Salary Distribution
Indiana$69,844 Rank: 10th
The average salary ranks 10th among states in the country. There were also job openings from employers like Mead Johnson Nutrition.

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$19,000

$152,000

Salary Distribution
Kansas$38,822 Rank: 29th
The average salary ranks 29th among states in the country. There were also job openings from employers like FOSTER DESIGN INC, Equity Staffing Group, Cor-tech, and CorTech, LLC.

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$7.25

$46.05

Salary Distribution
Kentucky$67,524 Rank: 12th
The average salary ranks 12th among states in the country. There were also job openings from employers like ARMY CONTRACTING COMMAND.

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$22,000

$136,000

Salary Distribution
Louisiana$53,109 Rank: 23rd
The average salary ranks 23rd among states in the country. There were also job openings from employers like Global Employment Solutions.

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$15,000

$114,000

Salary Distribution
Massachusetts$60,455 Rank: 16th
The average salary ranks 16th among states in the country. There were also job openings from employers like United States Department Of Defense, Michael Page, ARMY CONTRACTING COMMAND, and U.S. Army.

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$21,000

$118,000

Salary Distribution
Maryland$79,613 Rank: 5th
The average salary ranks 5th among states in the country. There were also job openings from employers like Frederick County Government, CorTech, LLC, and ARMY CONTRACTING COMMAND.

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$23,000

$169,000

Salary Distribution
Michigan$58,089 Rank: 20th
The average salary ranks 20th among states in the country. There were also job openings from employers like ARMY CONTRACTING COMMAND, Odyssey TCI, Impact Business Group, and Personnel World.

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$14,000

$130,000

Salary Distribution
Minnesota$46,540 Rank: 27th
The average salary ranks 27th among states in the country. There were also job openings from employers like Lab Support a division of On Assignment and Randstad Professionals.

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$7.25

$54.70

Salary Distribution
North Carolina$69,539 Rank: 11th
The average salary ranks 11th among states in the country. There were also job openings from employers like ARMY CONTRACTING COMMAND, Vaco, LLC, and Robert Half Technology.

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$20,000

$148,000

Salary Distribution
New Jersey$59,712 Rank: 18th
The average salary ranks 18th among states in the country. There were also job openings from employers like Robert Half Finance & Accounting, CTG, and S & S Professional Services.

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$10.30

$62.90

Salary Distribution
New Mexico$83,370 Rank: 3rd
The average salary ranks 3rd among states in the country. There were also job openings from employers like U.S. Air Force.

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$36,000

$149,000

Salary Distribution
Nevada$60,237 Rank: 17th
The average salary ranks 17th among states in the country. There were also job openings from employers like CyberCoders.

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$30,000

$91,000

Salary Distribution
New York$57,328 Rank: 21st
The average salary ranks 21st among states in the country. There were also job openings from employers like PepsiCo, Department of Citywide Administrative Services, NIGP: The Institute for Public Procurement, and DISTRICT ATTORNEY KINGS COUNTY.

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$16,000

$122,000

Salary Distribution
Ohio$77,608 Rank: 6th
The average salary ranks 6th among states in the country. There were also job openings from employers like Robert Half Technology, Adecco, Air Force Acquisition, and U.S. Air Force.

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$24,000

$162,000

Salary Distribution
Oklahoma$37,228 Rank: 30th
The average salary ranks 30th among states in the country. There were also job openings from employers like U.S. Air Force and Global Employment Solutions.

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$7.55

$36.60

Salary Distribution
Oregon$70,770 Rank: 9th
The average salary ranks 9th among states in the country. There were also job openings from employers like Multnomah County, OR and Ultimate.

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$19,000

$155,000

Salary Distribution
Pennsylvania$66,792 Rank: 13th
The average salary ranks 13th among states in the country. There were also job openings from employers like Bramwith Consulting, CorTech, LLC, and Accountemps.

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$24,000

$130,000

Salary Distribution
Tennessee$45,216 Rank: 28th
The average salary ranks 28th among states in the country. There were also job openings from employers like SNI Companies and Accountemps.

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$10.45

$41.80

Salary Distribution
Texas$65,155 Rank: 15th
The average salary ranks 15th among states in the country. There were also job openings from employers like Randstad, ARMY CONTRACTING COMMAND, Department of Homeland Security, and U.S. Army.

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$19,000

$138,000

Salary Distribution
Virginia$82,261 Rank: 4th
The average salary ranks 4th among states in the country. There were also job openings from employers like U.S. Navy, Department of Homeland Security, Department of Transportation, and Talent Edge INC..

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$19,000

$189,000

Salary Distribution
Washington$71,202 Rank: 8th
The average salary ranks 8th among states in the country. There were also job openings from employers like Boeing, Adecco, and Aerotek.

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$22,000

$148,000

Salary Distribution
Wisconsin$48,537 Rank: 26th
The average salary ranks 26th among states in the country. There were also job openings from employers like Madison Area Technical College.

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$11.20

$44.85

Salary Distribution

Top 20 National Employers

According to Indeed.com, the following states had employers looking to hire a Procurement Analyst. The quoted salary figure represents the average salary from all job postings by this employer.

Employer Name Location Average Salary

Learn More

Related Careers

Career Name Average Salary
Henry R. Steele
Henry R. Steele
Managing Editor
Henry is Managing Editor of BusinessStudent.com. He is a seasoned business professional who regularly consults with local business's throughout Southern California. Henry pursued his undergrad in Business and Economics at the University of San Diego and gained valuable life changing experience through a unique internship upon graduation.Follow on Twitter.com

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