Procurement Specialist

Procurement Specialist Job Description

Procurement specialists need excellent communication and negotiation skills to build relationships with vendors and suppliers. Firms look for candidates with strong business and financial acumen, including the ability to interpret financial data and identify potential cost savings. Top candidates have a deep understanding of industry standards and regulations, as well as proficiency with enterprise resource planning (ERP) systems. Generally, employers look for professionals with a bachelor’s degree in a business-related field and at least two years of experience in procurement or supply chain management.

Typical procurement specialist duties:

Negotiating contracts with vendors and managing relationships with suppliersMonitoring and analyzing market trends and researching industry suppliersEstablishing quality assurance standards and verifying the quality of purchased productsMaintaining accurate records of purchases and expensesManaging inventory levels and tracking orders to ensure timely delivery

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Salary for Procurement Specialist
45750 - 71250
25th percentile
45750
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
58500
The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.
75th percentile
71250
The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.
Projected salaries for related positions Position title 25th percentile 50th percentile 75th percentile Chief Financial Officer (CFO) – Corporate Accounting 194250 268250 321750 Vice President of Finance 165000 207000 250500 Corporate Controller 151000 184250 213250 Divisional Controller 112000 155750 176250 Assistant Controller 92500 122000 142000 Director of Finance 126500 167000 180750 Director of Accounting 125000 164250 180750 Treasurer 139750 212750 245000 Assistant Treasurer 78250 105750 123250 Financial Project Manager 107500 136500 165750 Forensic Accountant 84750 105500 121750 Property Accountant 68250 78250 94000 Plant Controller 104750 120500 131000 Procurement Manager 81750 112250 125250
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