Salaries For Purchasing Coordinator – Know More!

Introduction

The primary duty of a Purchasing Coordinator is to coordinate the acquisition of goods and services on behalf of an organization. Purchasing Coordinators work primarily for grocery stores, department stores, and other businesses that sell goods directly to consumers from their physical locations. Purchasing Coordinators are essential to the smooth operation of hospitals and all healthcare facilities. Let us know about the salaries for purchasing coordinator and top paying cities for Purchasing Coordinator positions in this article.

Salaries For Purchasing Coordinator

Salaries for Purchasing Coordinator in the United States can be anywhere from $28,597 to $172,950, with a median annual income of $94,262. Between $75,442 and $94,260 is where most Purchasing Coordinators make their money, with the highest-earning 83% bringing in $172,950. Compensation for this position will be competitive with the market and depend on factors such as the candidate’s experience level, education, company size, and industry.

Tasks of a purchasing coordinator

More than just making orders, the Purchasing Coordinator’s job entails a wide range of responsibilities. We’ve compiled a list of the most typical duties and obligations from reviewing job postings.

  • Compare and Evaluate Potential Suppliers

The Purchasing Coordinator researches and compares several vendors to find the best one for the job based on criteria including price, quality, variety, service, and reach. Next, he or she reports back to the purchasing manager on what was discovered.

  • Strive for Better Terms in Your Supplier Agreements

The role of the Purchasing Coordinator is to act as a go-between for the company and its vendors. They have to strike new arrangements and renegotiate existing ones that are about to end.

  • Initiate a Purchase Order and Have It Delivered

A large percentage of a Purchasing Coordinator’s job entails making purchases. One misstep could have a significant impact on the company’s bottom line. Therefore this task needs careful attention to detail.

  • Verify Orders All the Way Through Shipping

Once a purchase order is sent, the Purchasing Coordinator’s work isn’t done. They are also in charge of monitoring the status of all shipments and fixing any issues that arise.

  • Think About How Well Your Suppliers Are Doing

The Purchasing Coordinator must be familiar with the supplier’s performance in order to negotiate and extend contracts with them effectively.

Top paying cities for Purchasing Coordinator positions

Purchasing coordinators should expect a salary that is 10% higher than the national average in the 10 cities we’ve chosen. Atkinson, Nebraska comes in first, followed by Frankston, Texas and Barnstable Town, Massachusetts. Barnstable Town, Massachusetts, is $8,814 (19.5%) above the national average, and Atkinson, Nebraska, is $12,743 (28.1%) above the average of $45,308.

With the average salary for a Purchasing Coordinator in these 10 cities being greater than the national average, relocating to one of these cities seems like a very promising career move.

Finally, notice that there is not much room for upward income movement because the average salary for these top 10 cities differs very little, at 14% between Atkinson, NE and Potomac Heights, MD. Location and remuneration for a Purchasing Coordinator role could benefit from considering the likelihood of a cheaper cost of living.

Competencies/Requirements for the job

  • Companies prefer a baccalaureate in supply chain management, business, or a related subject.
  • Expertise in purchasing techniques.
  • Knowledgeable with Microsoft Office and other commercial applications including purchasing and resource planning software.
  • competency in data analysis and conclusion-making
  • Expertise in the everyday marketing activities and processes used in inventory acquisition

Skills required for this position

Negotiation, interpersonal, and communication skills are all crucial for the Purchasing Coordinator. He or she must be able to think critically and solve complex problems, work well in a team, and also show amazing organizational abilities. He or she must be able to set up and maintain a system of record-keeping and documentation.

1.Expertise in a Technical Field

  • Prior expertise in the wireless telecommunications industry or utility building is favored.
  • Competence with computers and Microsoft Office
  • Knowledge of how to use a stock control system

2.Soft skills

  • Extraordinarily methodical and attentive to detail
  • Competence in working in a minimum direction
  • Superior abilities in both spoken and written expression
  • Capability to operate under pressure and complete multiple tasks at once
  • Competence in critical thinking, good judgment, and problem solving

Purchase coordinator starting salary

In the United States, an entry-level purchasing coordinator can expect a median yearly salaries of $33,897 as of 2022.

Using a quick salary calculator, that comes out to about $16.30 per hour. That comes out to $2,824 per month or $651 each week.

Entry-level Purchasing Coordinator salaries in the United States can go as high as $41,000 per year and as low as $24,000 per year, with the average salary falling somewhere in the $28,000 to $40,000 range. There may be many prospects for progression and increased income dependent on skill level, location, and years of experience, given the wide disparity in the average pay range for an Entry Level Purchasing Coordinator (up to $12,000).

The average compensation for a Purchasing Coordinator I in your region is $33,897 per year. This is equal to the average salary for a Purchasing Coordinator I across the country. in terms of starting salary for purchasing coordinators, tops all other states in the country.

As a purchasing coordinator, what difficulties do you face?

Educating oneself in all facets of the industry. Knowing what everyone is up to can guarantee that money is being spent wisely. If you don’t understand the software companies’ goals, you won’t be able to compete with them on the price of their monthly memberships. Spending the extra effort to learn as much as possible before making a purchase is always a good idea.

Work environment for purchasing coordinator

A purchasing coordinator may find themselves working at a factory, a warehouse, an office, or a retail outlet. They keep standard business hours but may occasionally put in extra time if necessary. It is common for purchasing coordinators to collaborate with other purchasing coordinators, buyers, and managers. They might also work with third parties like vendors, suppliers, and customers. Purchasing coordinators need to be able to handle multiple tasks at once and have the ability to work under pressure. They should also be able to negotiate better prices and terms with vendors and suppliers.

Optimistic prospects for promotion

A purchasing coordinator’s career path often begins in an entry-level role before progressing to one with greater responsibilities. One possible career path for them is to become a purchasing manager after gaining some expertise in the field.

Conclusions

The Purchasing Coordinator establishes and maintains productive relationships with suppliers to ensure reliable supply chain management. Working with the production managers, he or she will ascertain the quantity and quality of raw materials required for a given project and coordinate their timely delivery to the production facility. Purchasing coordinators in San Francisco make an average of $116,000 per year, which is about 16% more than the national average.

Frequently Asked Questions

1.What Factors Should a Person Explore Before to Becoming a Purchasing Coordinator?

Will they be able to dispute the necessity of certain purchases made by coworkers? This is not the type of profession where you can just sit at your computer and make purchases.

2.How Can You Become an Effective Purchasing Coordinator?

A successful purchasing manager will have expertise in management, market research, negotiation, communication, and promotion.

3.How Long Does It Take to Learn About Purchasing?

Companies vary in how long their training programs are, but typically they span between one and five years. Becoming a purchasing manager requires specialized education, and you will receive that.

Salaries For Purchasing Coordinator – Know More!

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