Finance > Purchasing/Buyer
Salary National Average
| Low | Medium | High |
|---|---|---|
| 49820.0000 | 56590.0000 | 65170.0000 |
Supply and Demand
Candidate Supply: 11,737 Job Openings: 1,364
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Salary Variance
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Short Description:
A Purchasing Buyer is responsible for sourcing, selecting, and procuring goods and services that meet the company's quality, cost, and delivery requirements. They research suppliers, negotiate pricing and contracts, and manage purchase orders to ensure timely fulfillment. Purchasing Buyers also monitor inventory levels, analyze market trends, and maintain strong vendor relationships to optimize procurement efficiency. Attention to detail, strong negotiation skills, and the ability to analyze purchasing data are essential for success in this role.
Duties / Responsibilities:
- Prepare purchase orders, solicit bid proposals, and review requisitions for goods and services.
- Interview vendors and visit suppliers' plants and distribution centers to examine and learn about products, services, and prices.
- Monitor and follow applicable laws and regulations.
- Attend meetings, trade shows, conferences, conventions, and seminars to network with people in other purchasing departments.
- Research and evaluate suppliers based on price, quality, selection, service, support, availability, reliability, production and distribution capabilities, and the supplier's reputation and history.
- Confer with staff, users, and vendors to discuss defective or unacceptable goods or services and determine corrective action.
- Evaluate and monitor contract performance to ensure compliance with contractual obligations and to determine the need for changes.
- Maintain and review computerized or manual records of items purchased, costs, deliveries, product performance, and inventories.
- Arrange the payment of duty and freight charges.
- Analyze price proposals, financial reports, and other data and information to determine reasonable prices.
Skills / Requirements / Qualifications
- Active Listening: Giving full attention to what other people are saying, taking time to understand the points made, asking questions as appropriate, and not interrupting at inappropriate times.
- Read Comprehension: Understanding written sentences and paragraphs in work-related documents.
- Speak: Talking to others to convey information effectively.
- Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
- Active Learning: Understanding the new information for current and future problem-solving and decision-making.
- Judgment and Decision Making: Considering the costs and benefits of potential actions to choose the most appropriate one.
- Management of Financial Resources: Determine how to spend budgets to complete the work and account for these expenditures.
- Writing: Communicating effectively in writing as appropriate for the audience's needs.
- Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
- Monitoring: Monitoring/Assessing the performance of yourself, other individuals, or organizations to make improvements or take corrective action.
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