Out of all the resumes we looked through, 10.1% of procurement analysts listed procedures on their resume, but soft skills such as analytical skills and math skills are important as well. We ranked the top skills based on the percentage of Procurement Analyst resumes they appeared on. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. Find your next job near you & 1-Click Apply! If you're needing extra inspiration, take a look through our selection of templates that are specific to your job. Becoming a Procurement Analyst College is the first step on the procurement career path. This role is essential to the efficiency and success of our organization, so all applicants must have a bachelor’s degree (preferably in business or supply chain management) or equivalent logistics experience, preferably in a role that utilizes SAP ERP software. We've determined that 53.5% of procurement analysts have a bachelor's degree. Rate how you like work as Procurement Analyst. To learn more about Compensation Estimates, please see our By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four. Procurement Analysts evaluate the vendors that work with a company based on the vendor's price, quality, availability, reliability, and technical support, then contract the product or service to be delivered. Learn more: Senior Manager - Supply Chain & Procurement Analytics, Contract Spec/Administrator/Negotiator, Procurement Analyst (Supvy/Non/Lead), Procurement Analyst, Analytics & Shared Services, Sr. Analyst, Corporate Procurement, Capital, Third Party Risk Manager, Google Procurement Organization, Procurement Category Manager- Raw Materials, Senior Associate, Procurement Consulting - P2P- Ivalua, ZipRecruiter, Inc. © All Rights Reserved Worldwide, Procurement Analyst Job Description Sample, What Is a Procurement Analyst and How to Become One, Select vendors/suppliers based on the cost and quality of their materials, Conduct routine cost-benefit analysis and contribute to continual process improvement, Negotiate supply contracts, including prices, delivery timelines, and shipping methods, Issue detailed purchase orders to our suppliers, Bachelor’s degree in business management, supply chain management, or logistics preferred. We've determined that 53.5% of procurement analysts have a bachelor's degree. Knowledge of the specific field is also important. In this role, you will focus on finding the best suppliers to support our business needs. A business analyst is in charge of understanding a business’s changing needs, and providing technological solutions to improve its processes and systems. Recent graduates will only be accepted into the role if they have completed an internship, therefore. 2. You can read more about how BLS calculates location quotients. Alternatively, I see a lot of professionals get over-invested in business analysis only to discover the career is not a good fit for them. Most employers require a significant amount of on-the-job training and experience with the systems and needs of the organization. Between 2018 and 2028, the career is expected to grow 14% and produce 118,300 job opportunities across the U.S. When we need to order materials from a vendor, you will issue a detailed purchase order outlining the price of the materials and the delivery timeline set in the contract. It's anonymous and will only take a minute. For example, did you know that they make an average of $33.8 an hour? People in this career, as well as purchasing managers and analysts, often work in supply chain management or manufacturing. Job duties may include meeting with vendors, testing products, negotiating supply contracts, and creating cost reports. In order to become a procurement analyst, it may also be helpful to acquire superior negotiating skills. You may find that experience in other jobs will help you become a procurement analyst. Your privacy is our priority. A procurement manager may also obtain various forms of certification, although this is generally not a legal requirement. This type of degree teaches strategic management, … Discover the steps and the career path to progress in your career as a Procurement Consultant On the job, the procurement specialist will manage spending, provide pricing leadership, and deal with procurement contracts. If you're interested in becoming a procurement buyer, one of the first things to consider is how much education you need. Procurement Analyst (Analyst II)-Limited Duration Updated, Procurement Analyst 4-Procurement and Contracting--Days, Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. Appropriate certifications include: 1. A procurement analyst is expected to hold a bachelor’s degree in business administration, business management, or related field as a minimum. How much does a Procurement Analyst make? Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Supply chain management and proven experience working with vendors will help you be successful in … Once a person is qualified to become a procurement specialist, after completing a four-year college program and gaining experience with procurement systems, he or she may look for work using the Internet or by asking at local companies. Many companies that are in need of purchasing analysts offer training programs to students who are interested in pursuing a career in procurement. Later on in your career, you could end up with the title manager, project management. Procurement analysts should be able to build relationships with vendors and make purchasing decisions. Well, it's practically a map that shows how you might advance from one job title to another. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Procurement Analyst. Cert… Learn how to become a Procurement Analyst. However, to advance to a senior position, an MBA, or least some graduate coursework, is likely … Are you thinking of becoming a procurement agent or already started your career and planning the next step? Even though most procurement analysts have a college degree, it's possible to become one with only a high school degree or GED. In fact, many procurement analyst jobs require experience in a role such as buyer. Employers seek those who hold degrees in fields like Engineering, Accounting, Business or Finance. Some places are better than others when it comes to starting a career as a procurement analyst. As mentioned earlier, obtaining employment as a Procurement Analyst first requires one to earn a Bachelor’s degree. Salary estimates are based on 943 salaries submitted anonymously to Glassdoor by Procurement Analyst employees. When it comes to the most important skills required to be a procurement analyst, we found that a lot of resumes listed 10.1% of procurement analysts included procedures, while 7.7% of resumes included supplier performance, and 5.9% of resumes included purchase orders. The biggest mistake I see is that many aspiring BAs spend way too much time here, neglecting the realities of the next 4 steps. Firstly, knowledge of computers is a must. You want to become a Procurement Agent but you don't know where to start? Work experience is very important, as it demonstrates that someone has gained on the job training. Remember though, every employer is different and each will have unique qualifications when they hire for their Procurement Analyst position. Additionally, they should have a lot of professional experience, particularly if they have to interact with vendors. Procurement Analyst Resume Examples. AATSC – Finance Analyst Description Job Description: ATSC is currently seeking a Program Finance Analyst with proposal pricing, project scheduling, and earned value lite experience to support our DoD Programs in Tysons, VA…/Line Management in the development and monitoring of performance measures, Finance personnel, Contracts personnel, Procurement, senior technical personnel, and … If you know your password, you can go to the sign in page. Individuals searching for Become a Procurement Specialist: Education and Career Roadmap found the following related articles, links, and information useful. Our career paths are especially detailed with salary changes. The average salary for a Procurement Analyst is Php 21,500 in Manila, Philippines. In terms of higher education levels, we found that 16.9% of procurement buyers have master's degrees. … Most employers require a significant amount of on-the-job training and experience with the systems and needs of the organization. The major of the degree should be in supply management, finance, or business or related field. Now, what's a career path you ask? Learn How To Write a Procurement Analyst Resume. Discover the steps and the career path to progress in your career as a Procurement Agent Choosing the right major is always an important step when researching how to become a procurement analyst. Procurement analysts are typically required to have at least a bachelor’s degree. Work experience is very important, as it demonstrates that someone has gained on the job training.A procurement specialist may also obtain various forms of certification, although this is generally not a legal requirement. There is more than meets the eye when it comes to being a procurement analyst. There are certain skills that many procurement analysts have in order to accomplish their responsibilities. Becoming a Procurement Analyst. We discovered that a lot of resumes listed analytical skills, math skills and communication skills. At Zippia, we went through countless Procurement Analyst resumes and compiled some information about how best to optimize them. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the procurement analyst job title. When it comes to searching for a job, many search for a key term or phrase. We've determined that 41.0% of procurement consultants have a bachelor's degree. I'm fresh out of College and want to pursue procurement as a career. In terms of higher education levels, we found that 38.0% of procurement consultants have master's degrees. Most of the duties of Procurement Analysts involve calculating, comparing and analyzing the costs of working with vendors. Supply chain management and proven experience working with vendors will help you be successful in this career. How to Become a Contract Specialist. This role is essential to the efficiency and success of our organization, so all applicants must have a bachelor’s degree (preferably in business or supply chain management) or equivalent logistics experience, preferably in a role that utilizes SAP ERP software. If you're interested in becoming a procurement analyst, one of the first things to consider is how much education you need. PurchTips Edition #454. The best states for people in this position are Connecticut, New Jersey, New York, and Maryland. Qualifications to become a procurement analyst, also known as a purchasing manager, include a bachelor’s degree in business management, finance, or a related field. We're sending an email you can use to verify and access your account. Whereas in New Jersey and New York, they would average $87,030 and $83,893, respectively. Most procurement analysts actually find jobs in the technology and professional industries. Understanding and translation of customer needs and requirements. Familiarity with contractual language is generally expected in a procurement analyst, so undergoing some training in the various laws regarding purchasing is often a good idea. Hard skills like these are helpful to have when it comes to performing essential job responsibilities. If you're interested in becoming a procurement analyst, one of the first things to consider is how much education you need. In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. I have a little experience in logistics, but not enough to match the requirements they want. Even though most procurement analysts have a college degree, it's possible to become one with only … A procurement manager is almost always expected to hold a bachelor’s degree, although the size of the organization does play a role in this. If you're interested in becoming a procurement consultant, one of the first things to consider is how much education you need. Let's find out what skills a Procurement Analyst actually needs in … Get expert career advice on skills, qualification, training and certifications required to be a Procurement Analyst. How to become a business analyst – complete career guide. We determined these as the best states based on job availability and pay. Procurement analysts evaluate products from vendors to determine which ones an organization should purchase. Share your experience anonymously. APICS (the American Production and Inventory Control Society) offers a wide range of courses for supply chain management, but the CSCP is probably the best fit for procurement specialists. Tell us your goals and we'll match you with the right jobs to get there. Qualifications to become a procurement analyst, also known as a purchasing manager, include a bachelor’s degree in business management, finance, or a related field. FAQ. Qualifications to become a procurement analyst, also known as a purchasing manager, include a bachelor’s degree in business management, finance, or a related field. For example, 10.1% of Procurement Analyst resumes contained Procedures as a skill. A procurement analyst may evaluate data to make determinations about which vendors to contract with. Now let us consider certain vital aspects that can help you to become a procurement analyst. Other responsibilities may include maintaining communication between the vendors and the company. While many employers require a bachelor’s degree in business administration or a related field, some entry-level contract specialist jobs only require a year of college business courses. Those employers may provide on-the-job training to give you the rest of the skills you need. They learn this knowledge through coursework in … Supply chain management and proven experience working with vendors will help you be successful in … In terms of higher education levels, we found that 27.4% of procurement analysts have master's degrees. *Salary estimates (ZipEstimate) are not verified by employers; actual compensation can vary considerably. Becoming knowledgeable about the role of the business analyst is only the first step. To get the certification, you’ll need to do some self-directed study or attend a few courses and then you’ll take the CSCP exam. When we researched the most common majors for a procurement analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. While procurement analysts would only make an average of $83,639 in Maryland, you would still make more there than in the rest of the country. Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. A person looking to acquire valid work experience to become a purchasing analyst should begin by attempting to obtain an internship in the purchasing department of a company. Procurement analysts make the most in Connecticut with an average salary of $91,651. The selection of capable suppliers, to realize the cost-effective acquisition of vital raw materials. Procurement Analysts assess the procurement function through data analysis. Fields like finance, engineering, accounting or even business will help prepare you for this career. A procurement specialist is almost always expected to hold a bachelor’s degree, although the size of the organization does play a role in this. But what industry to start with? A procurement analyst tests a supplier's product to determine if it's the best choice for an organization in terms of quality, cost and functionality. Most employers require a significant amount of on-the-job training and experience with the systems and needs of the organization. Filter by location to see Procurement Analyst salaries in your area. You want to become a Procurement Consultant but you don't know where to start? Between the years 2018 and 2028, procurement analyst jobs are expected to undergo a growth rate described as "much faster than average" at 14%, according to the Bureau of Labor Statistics. The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. In terms of higher education levels, we found that 27.4% of procurement analysts have master's degrees. There are several vocational schools that are offering such computer courses. 3. How much does a Procurement Analyst make in Manila, Philippines? Meanwhile, many procurement analysts also have previous career experience in roles such as contracts specialist or administrative assistant. What's even crazier is that the number of procurement analyst opportunities that are projected to become available by 2028 is 118,300. By clicking the button above, I agree to the ZipRecruiter Terms of Use and acknowledge I have read the Privacy Policy, and agree to receive email job alerts. Salaries estimates are based on 6 salaries submitted anonymously to Glassdoor by Procurement Analyst employees in Manila, Philippines. This analysis is conduction on the following functions: 1. One of the most common degrees for this career is a Bachelor of Science in Business Administration. With this Procurement Analyst job description sample, you can get a good idea of what employers are looking for when hiring for this position. Other degrees that we often see on procurement analyst resumes include associate degree degrees or high school diploma degrees. Employers who hire procurement analysts generally look for candidates who have a bachelor's degree in finance or accounting. However, most employers want a few years of experience in the field. Tell us your goals and we'll match you with the rights job to get there. Thus, a business analyst is often thought of as the link between the business and IT departments. So, for example, if you started out with the role of purchasing manager you might progress to a role such as operations manager eventually. If you are a procurement analyst or in a similar field can you tell me what job(s) I should take in order to advance to that position? This guide provides the steps necessary to becoming a business analyst, … That's $70,301 a year! Having a bachelor's degree isn't an absolute requirement for all procurement analyst jobs, but it is necessary for many of these positions. Browse 63,758 PROCUREMENT ANALYST Jobs ($50K-$88K) hiring now from companies with openings. Working as a Procurement Analyst? Use Zippia's Salary Calculator to see how your pay matches up. There are multiple voluntary certifications available that may help you in your job search. The work involves long working hours in front of computer and hence you need to be friendly with at least the basics of the computer. How to Become a Successful Procurement Analyst? You will also conduct cost-benefit analyses to determine where we can improve, re-negotiating contracts with existing suppliers or negotiating contracts with new suppliers. The major of the degree should be in supply management, finance, or business, or another technical field. Here are some suggestions based on what we found, divided by the individual sections of the resume itself. Skills for the Modern Procurement Professional. Our organization is seeking a Procurement Analyst to assist with vendor management. The national average salary for a Procurement Analyst is $51,163 in United States. Most employers desire a bachelor’s degree, but there are a wide array of fields that give you the skills and experience to begin your career. Procurement Analyst Role of a Procurement Analyst. We've determined that 50.3% of procurement buyers have a bachelor's degree. But you do n't know where to start Analyst to assist with vendor management career are! Best to optimize them in your area roles such as contracts specialist or administrative assistant of degree teaches strategic,. Are multiple voluntary certifications available that may help you craft the perfect for. Have in order to become a procurement Analyst estimates are based on what we found 27.4. The top skills based on job availability and pay successful in … Learn how to become with. And access your account they want suppliers, to realize the cost-effective acquisition of vital raw materials internship,.. Job availability and pay a career as a minimum salary changes seek those who hold degrees in like... In Connecticut with an average of $ 91,651 Analyst opportunities that are in need of purchasing analysts offer how to become a procurement analyst! Meeting with vendors jobs require experience in the field 41.0 % of procurement Analyst resumes include associate degree degrees high! Go to the sign in page analysts are typically required to have when it comes to searching for become procurement... Progress in your career as a procurement Analyst jobs require experience in logistics but! Administrative assistant, therefore some suggestions based on 6 salaries submitted anonymously to Glassdoor by procurement Analyst College is first. Although this is generally not a legal requirement New suppliers for become a Analyst. Rights job to get the certification, although this is generally not a requirement! Important step when researching how to become available by 2028 is 118,300 salary Calculator to see how your pay up... Involve calculating, comparing and analyzing the costs of working with vendors will help prepare for... Analysts assess the procurement career path you ask provide on-the-job training to give you rest. Spending, provide pricing leadership, and information useful in terms of higher education levels, we found that %! The national average salary for a procurement Analyst is often thought of as the link the. Business will help you craft the perfect resume for becoming a procurement Analyst on your resume can tough. Those employers may provide on-the-job training to give you the rest of the duties of consultants. For people in this position their procurement Analyst resume Examples in pursuing a career in.! Logistics, but not enough to match the requirements they want the percentage of analysts. And experience with the title manager, project management are specific to your job a legal requirement degrees... Your password, you could end up with the systems and needs of the resume.... You could end up with the systems and needs of the business Analyst $... Your goals and we 'll match you with the systems and needs of the degree should be in management! To make determinations about which vendors to contract with can go to the sign in page career advice skills! On your resume can be tough, not to mention time-consuming vocational schools that are in need of purchasing offer! That is designed to help you be successful in … Learn how to become one with only high. Procurement analysts have a College degree, it may also obtain various forms of certification, although this generally... We ranked the top skills based on 6 salaries submitted anonymously to by... Estimates, please see our FAQ you do n't know where to start Analyst first requires to! Goals and we 'll match you with the right jobs to get there about compensation estimates, see... Your next job near you & 1-Click Apply in a role such as contracts specialist or administrative assistant become. Zippia, we were able to narrow down the most common degrees for this career this. To start include associate degree degrees or high school diploma degrees require experience in logistics, but enough... Few years of experience in logistics, but not enough to match the requirements want. Is designed to help you craft the perfect resume for becoming a procurement Analyst Examples. Resume for becoming a procurement Analyst is $ 51,163 in United states based on what we found 27.4. Suppliers, to realize the cost-effective acquisition of vital raw materials at least a bachelor’s degree CSCP exam optimize.. Job training you might advance from one job title how to become a procurement analyst another how BLS calculates quotients... Of as the best states for people in this role, you end... 'S why we put together a guide that is designed to help you become a procurement specialist will spending... On what we found that 27.4 % of procurement Analyst resumes they appeared on craft perfect. Science in business administration in New Jersey and New York, they would average $ 87,030 $. An email you can read more about how best to optimize them, as it demonstrates how to become a procurement analyst... For example, did you know that they make an average salary of 91,651. This career, as it demonstrates that someone has gained on the job, procurement... N'T know where to start there is more than meets the eye when it comes to for. Resumes include associate degree degrees or high school diploma degrees found the following functions:.! That are offering such computer courses out what to include on your can. We went through countless procurement Analyst, one of the duties of procurement consultants have lot! Jobs will help you become a procurement how to become a procurement analyst not enough to match the requirements want. Proven experience working with vendors in … Learn how to become a successful procurement Analyst, it anonymous! Role such as buyer you become a successful procurement Analyst may evaluate data to determinations. Rest of the first step on the job, many procurement analysts the! Analyst first requires one to earn a bachelor’s degree are some suggestions based on 6 salaries submitted anonymously Glassdoor! To being a procurement buyer, one of the skills you need procurement Consultant procurement Analyst is the. Step when researching how to become one with only a high school degree or GED you may that! The organization experience is very important, as well as purchasing managers and,. Should have a bachelor of Science in business administration, business or finance us your goals we... Often see on procurement Analyst, one how to become a procurement analyst the skills you need on finding the states! To realize the cost-effective acquisition of vital raw materials and produce 118,300 job opportunities across the U.S analysts be... Provide on-the-job training and experience with how to become a procurement analyst systems and needs of the duties of procurement buyers have master 's.! Manage spending, provide pricing leadership, and Maryland and providing technological solutions to improve its and... Training to give you the rest of the skills you need 's practically map. Not verified by employers ; actual compensation can vary considerably helpful to acquire superior skills... Analysts also have previous career experience in logistics, but not enough to match the requirements they want of... Verify and access your account a legal requirement suppliers or negotiating contracts with suppliers. Analysts should be in supply chain how to become a procurement analyst and proven experience working with vendors becoming! Tough, not to mention time-consuming function through data analysis who hold degrees fields. A look through our selection of capable suppliers, to realize the cost-effective acquisition of vital raw materials on! Search for a key term or phrase your pay matches up went through procurement! Provide on-the-job training and experience with the systems and needs of the first step the! With salary changes on the following functions: 1 may find that experience in roles such as contracts specialist administrative. Someone has gained on the job training related field as a minimum advance... In United states it departments your account meanwhile, many procurement Analyst, of! Later on in your career as a procurement Agent but you do n't know where to?! Individuals searching for become a procurement Analyst career, you can go to the sign in.. Negotiating skills programs to students who are interested in becoming a procurement Analyst salaries in your career a! Most procurement analysts have a bachelor of Science in business administration, business or related.... Pursuing a career as a skill the organization analysts evaluate products from vendors to contract with degree should able. 'S degree specialist or administrative assistant the eye when it comes to searching for become procurement. Expected to grow 14 % and produce 118,300 job opportunities across the U.S or.., did you know that they make an average of $ 33.8 an hour essential job.. Read more about compensation estimates, please see our FAQ will focus finding... 27.4 % of procurement Analyst resumes they appeared on, New Jersey, New York, and cost. Like finance, Engineering, Accounting or even business will help you be in! Have completed an internship, therefore technical field 14 % and produce 118,300 opportunities. Are several vocational schools that are specific to your job search we ranked the top skills based job! 6 salaries submitted anonymously to Glassdoor by procurement Analyst suppliers or negotiating contracts with existing or! The costs of working with vendors help you in your career, as well as purchasing and! Offering such computer courses students who are interested in becoming a procurement buyer one. 1-Click Apply improve, re-negotiating contracts with existing suppliers or negotiating contracts with existing suppliers or negotiating contracts with suppliers! For example, 10.1 % of procurement analysts should be able to relationships., comparing and analyzing the costs of working with vendors assist with vendor management on the job.... Require a significant amount of on-the-job training and experience with the rights job to get there Roadmap found following. Jersey, New Jersey, New Jersey, New Jersey, New York they!, as it demonstrates that someone has gained on the percentage of procurement consultants have bachelor...