Procurement / Sourcing Specialist
Buy merchandise or commodities, other than farm products, for resale to consumers at the wholesale or retail level, including both durable and nondurable goods. Analyze past buying trends, sales records, price, and quality of merchandise to determine value and yield. Select, order, and authorize payment for merchandise according to contractual agreements. May conduct meetings with sales personnel and introduce new products. May negotiate contracts. Includes assistant wholesale and retail buyers of nonfarm products.
At a Glance
Procurement / Sourcing Specialist earns an average of $65,931/yr. Typical education: Bachelor's degree. Experience: 4.1–4.4 years. Top skills: Procurement, Purchasing, Interpersonal Communications.
$65,931/yr
Bachelor's degree
4.1–4.4 years
21
Parent Occupation (O*NET)
Wholesale and Retail Buyers, Except Farm Products
Median Wage
N/A
Growth (2024-34)
Not available
Education
Varies
Skills & Requirements
Specialized Skills (15)
Procurement
Purchasing
Supply Chain
Process Improvement
Request For Proposal
Supplier Performance Management
Contract Management
Supply Chain Management
New Product Development
SAP Applications
Continuous Improvement Process
Auditing
Invoicing
Project Management
Financial Statements
Common Skills (15)
Interpersonal Communications
Coordinating
Management
Operations
Communication
Planning
Problem Solving
Research
Customer Service
Detail Oriented
Microsoft Office
Business Administration
Related Specializations
Other specialized occupations in this field. Many share overlapping skills, making lateral moves more accessible.
Related Pages
Frequently Asked Questions
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