What does a Procurement Analyst do?

Procurement analysts act as liaisons between employers and suppliers to procure favorable contracts. They evaluate and analyze potential suppliers and use negotiation techniques when considering a deal. They prepare monthly supply cost reports and work for organizations that rely on supply chain management to sell their products. They cultivate new and ongoing relationships with wholesale distributors, manufacturers, or other products and services providers.

Procurement analysts determine supply needs and research potential suppliers. They oversee suppliers, test product samples, and document the features and benefits of certain products and services. They prepare cost-benefit analysis reports for management review and negotiate favorable contracts with selected vendors or suppliers. They give monthly supply cost progress reports to their superiors and teams and monitor a company’s demand for products to avoid supply shortages and excess inventory. They have a working knowledge of vendor and supplier-related updates and industry activities. Procurement analysts need a minimum bachelor’s degree with engineering, business, accounting, or finance backgrounds

Education--
Work/Life Balance
3.8 ★
Salary Range--
Career Opportunity
3.5 ★
Avg. Experience2-4 years

Procurement Analyst Salaries

Average Base Pay

€44,085 /yr
Same as national average
Not including cash compensation
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Not enough salaries reported to show distribution
€34K
Median: €44K
€84K
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Glassdoor Estimated Salary

Procurement Analyst Career Path

Learn how to become a Procurement Analyst, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

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Procurement Analyst Insights

Read what Procurement Analyst professionals have to say about their job experiences and view top companies for this career.
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Procurement Analyst
10 Mar 2020

“My boss was impossible to work with and I do not recommend anyone to take work in the group.”

Concorde Teaching Bank
Supply Teacher
7 Aug 2020

“Day rate is low compared to national average but I think they are reviewing this.”

Monarch EducationMonarch Education
Supply Teacher
8 Jun 2020

“My education consultant was really helpful and friendly”

Navitus Health SolutionsNavitus Health Solutions
Accreditation Specialist
28 May 2019

“+Management really cares about you as a person and helps you succeed and grow in your career.”

ExxonMobilExxonMobil
Procurement Analyst
11 Oct 2020

“It was challenging but a great internship”

AccentureAccenture
Procurement Analyst
30 Sep 2019

“This is not good for clients and vendors.”

General Dynamics Information TechnologyGeneral Dynamics Information Technology
Senior Procurement Analyst
7 Apr 2021

“I love working from home and the pay is good.”

Aerojet RocketdyneAerojet Rocketdyne
Procurement Analyst
7 Aug 2019

“A good place to learn and start a career.”

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Procurement Analyst Interviews

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