What does a Purchasing Analyst do?

Purchasing analysts play a crucial role in supply chain management, where their primary role is to serve as a liaison between their employer and its vendors. They're responsible for inspecting and testing samples and documenting each product’s features and benefits, using the information to assist with their final purchasing decisions. They are responsible for understanding their employer’s needs and communicating with potential vendors.

Purchasing analysts closely deal with vendors, which requires skilled negotiation, communication, written, and communication capabilities to draft contracts. They must be experts at cost-benefit analysis and continuously use it to compare vendors and choose the best fit for their employer, keeping a timeline in mind. They are responsible for documenting all vendor costs and generating monthly cost reports for stakeholders. Purchasing analysts need a bachelor's degree in engineering, accounting, business, or finance.

Education--
Work/Life Balance
3.3 ★
Salary Range--
Career Opportunity
3.4 ★
Avg. Experience2-4 years

Purchasing Analyst Salaries

Average Base Pay

£29,664 /yr
Same as national average
Not including cash compensation
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Not enough salaries reported to show distribution
£18K
Median: £30K
£50K
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Glassdoor Estimated Salary

Purchasing Analyst Career Path

Learn how to become a Purchasing 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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Purchasing Analyst Insights

Read what Purchasing Analyst professionals have to say about their job experiences and view top companies for this career.
RR Plast
Purchase Executive
21 Jan 2021

“its best organisation for extrusion process and its my pleasure to work with purchase department.”

KYB Conmat
Purchase Executive
18 Jan 2021

“Good opportunity to work and learn”

Novel OfficeNovel Office
Purchase Executive
25 May 2021

“best place to work and learn”

Asian PaintsAsian Paints
Purchase Executive
29 Sep 2021

“Best company to work and grow in career”

IndustryBuying.comIndustryBuying.com
Sourcing Engineer
18 Feb 2021

“Great teams and colleagues to work with.”

MainesMaines
Purchasing Analyst
29 Jun 2020

“Good benefits nothing else good”

CompuComCompuCom
Purchase Executive
19 Jan 2021

“Nice people to work with”

Spark MindaSpark Minda
Sourcing Engineer
29 Jul 2021

“Good Learning opportunity for fresher”

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Purchasing Analyst Interviews

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Purchasing Analyst jobs