Median Annual Wage: $60,980
Education: Bachelor's degree (85%); Post-secondary certificate (10%); Some college, no degree (5%)
Projected Growth: Slower than average (3% to 7%)
Related Job Titles: Buyer; Purchasing Agent; Procurement Specialist; Purchasing Manager; Purchasing Administrator
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Source: O*NET OnLine information for Purchasing Agents, Except Wholesale, Retail, and Farm Products.
More Business and Financial Operations Careers
- Prepare purchase orders, solicit bid proposals, and review requisitions for goods and services.
- Monitor and follow applicable laws and regulations.
- Research and evaluate suppliers based on price, quality, selection, service, support, availability, reliability, production and distribution capabilities, and the supplier's reputation and history.
- Negotiate, renegotiate, and administer contracts with suppliers, vendors, and other representatives.
- Analyze price proposals, financial reports, and other data and information to determine reasonable prices.
- Maintain and review computerized or manual records of items purchased, costs, deliveries, product performance, and inventories.
- Write and review product specifications, maintaining a working technical knowledge of the goods or services to be purchased.
- Formulate policies and procedures for bid proposals and procurement of goods and services.
- Evaluate and monitor contract performance to ensure compliance with contractual obligations and to determine need for changes.
- Monitor shipments to ensure that goods come in on time and resolve problems related to undelivered goods.
- Hire, train, or supervise purchasing clerks, buyers, and expediters.
- Review catalogs, industry periodicals, directories, trade journals, and Internet sites and consult with other department personnel to locate necessary goods and services.
- Monitor changes affecting supply and demand, tracking market conditions, price trends, or futures markets.
- Confer with staff, users, and vendors to discuss defective or unacceptable goods or services and determine corrective action.
- Study sales records and inventory levels of current stock to develop strategic purchasing programs that facilitate employee access to supplies.
- Interview vendors and visit suppliers' plants and distribution centers to examine and learn about products, services, and prices.
- Arrange the payment of duty and freight charges.
Source: O*NET OnLine information for Purchasing Agents, Except Wholesale, Retail, and Farm Products.
- Speaking - Talking to others to convey information effectively.
- Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
- Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
- Management of Financial Resources - Determining how money will be spent to get the work done, and accounting for these expenditures.
- Writing - Communicating effectively in writing as appropriate for the needs of the audience.
- Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
- Persuasion - Persuading others to change their minds or behavior.
- Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Source: O*NET OnLine information for Purchasing Agents, Except Wholesale, Retail, and Farm Products.