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Buyer/Purchasing Agent Monique Mitchell 1
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Buyer /Purchasing Agent Normally employed in wholesale, resale or manufacturing. Normally employed in wholesale, resale or manufacturing. Opportunities are best for colleges graduates Opportunities are best for colleges graduates Entry level positions require associates degree Entry level positions require associates degree 2
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Buyer/Purchasing Agent Buyers purchase goods or services mostly for resale. Buyers purchase goods or services mostly for resale. Buyers attempt to get the best prices. Buyers attempt to get the best prices. Negotiate cost and Payment terms. Negotiate cost and Payment terms. Purchasing is done electronically. Purchasing is done electronically. 3
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Education Education varies depending on the companies size. Education varies depending on the companies size. A two year degree or equivalent experience required. A two year degree or equivalent experience required. Purchasing Manager requires Bachelors Degree Purchasing Manager requires Bachelors Degree 4
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Skill Requirements In addition to education you need to posses additional skills such as good analytical skills. In addition to education you need to posses additional skills such as good analytical skills. Negotiation Skills Negotiation Skills Mathematical skills Mathematical skills Knowledge of supply-chain management Knowledge of supply-chain management 5
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Advancement Purchasing Manager or Director after 5 yrs. Purchasing Manager or Director after 5 yrs. Continuing Education is essential for advancement. Continuing Education is essential for advancement. You can take additional college courses in supply management. You can take additional college courses in supply management. Complete certification from (CPSM) Certified Professional in Supply Management. Complete certification from (CPSM) Certified Professional in Supply Management. 6
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Salary Salaries varies in purchasing as in every other industry. Salaries varies in purchasing as in every other industry. 2009 median salary of a buyer was $53,940 2009 median salary of a buyer was $53,940 The middle 50 percent earned between $41,670 and $70,910. The middle 50 percent earned between $41,670 and $70,910. The median salary for a purchasing manager was $89,160. The median salary for a purchasing manager was $89,160. 7
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Summary A career in purchasing can be promising. Employment in the field is expected to increase 7% throughout the year 2018 which is as fast as the average for other occupations. You can earn a median salary between 37,930 and 67,440 and median salary of 89,160 for purchasing manager. There is plenty of room for growth and advancement as long as you are continuing education. A career in purchasing can be promising. Employment in the field is expected to increase 7% throughout the year 2018 which is as fast as the average for other occupations. You can earn a median salary between 37,930 and 67,440 and median salary of 89,160 for purchasing manager. There is plenty of room for growth and advancement as long as you are continuing education. 8
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Works Cited Bureau of Labor Statistics, U.S. Department of Labor. www.bls.gov Applied.com. www.applied.comwww.applied.com Salary Wizard. Swz.salary.com,, http://www.salary.com/mysalary.asp Monster.com www.monster.comwww.monster.com About.com http://humanresources.about.com/od/jobs descriptions/Job_Descriptions_ 9
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