What does a Senior 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

EducationBachelor's Degree
Work/Life Balance
3.8 ★
Salary Range--
Career Opportunity
3.6 ★
Avg. Experience2-4 years

Senior Procurement Analyst Salaries

Average Base Pay

£43,235 /yr
Same as national average
Not including cash compensation
See More Insights
Not enough salaries reported to show distribution
£31K
Median: £43K
£60K
See More Insights
Glassdoor Estimated Salary

Senior Procurement Analyst Career Path

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

L5
Procurement Analyst Supervisor
£36,698/yr
L6
See Career Path

Senior Procurement Analyst Insights

Read what Senior Procurement Analyst professionals have to say about their job experiences and view top companies for this career.
GfKGfK
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.”

HaysHays
Supply Teacher
27 Jul 2021

“I really enjoyed this company because the people who were working with me were helpful and committed to me having work daily.”

Monarch EducationMonarch Education
Supply Teacher
8 Jun 2020

“My education consultant was really helpful and friendly”

ExxonMobilExxonMobil
Procurement Analyst
11 Oct 2020

“It was challenging but a great internship”

Teaching PersonnelTeaching Personnel
Supply Teacher
21 Dec 2021

“Regular work and willing to listen to my requirements”

Northwestern UniversityNorthwestern University
Procurement Analyst
20 Jan 2022

“There are multiple paid holidays and the health and education benefits are great.”

TimePlan EducationTimePlan Education
Supply Teacher
14 Sep 2021

“When I questioned this I was told that apparently this is how the boss likes to run things.”

See More

Senior Procurement Analyst Interviews

Related Careers

Procurement Agent
£38,930
38% skills overlap
Purchasing Agent
£21,980
50% skills overlap
Supply Chain Manager
£39,915
13% skills overlap
Buyer
£34,832
25% skills overlap

Senior Procurement Analyst jobs

Frequently asked questions about the role and responsibilities of a senior procurement analyst

When working as a senior procurement analyst, the most common skills you will need to perform your job and for career success are SUPPLIERS, Powerpoint, Procurement Systems, Top Secret Clearance and Negotiation.

The most similar professions to senior procurement analyst are:
  • Procurement Agent
  • Purchasing Agent
  • Supply Chain Manager
  • Buyer

The most common qualifications to become a senior procurement analyst is a minimum of a Bachelor's Degree and an average of 0 - 1 of experience not including years spent in education and/or training.