The job of the senior buyer is to assess the market and supply conditions to determine how much of which type of product should be purchased. They negotiate with vendors to get the best deals on products, then make sure that the products are properly stored and distributed. Senior buyers typically oversee large retail stores, manufacturing plants or other facilities. They coordinate reports and communication within the central office of a company or organization to ensure that all parts of the business are running smoothly.
A senior buyer is a person who negotiates and obtains goods at the lowest possible cost and price. Generally, they are responsible for working on behalf of a company to obtain goods or services at the best prices.
A Senior Buyer has a great job. They are responsible for identifying market trends, setting pricing policies, and offering advice to clients. They work closely with couriers, suppliers, agents and other buyers to meet their performance targets.
Salary For Senior Buyer Overview
A senior buyer is a purchasing manager who oversees the procurement of materials and supplies for a company. They are responsible for negotiating with suppliers to ensure that price, quality, service and delivery requirements are met. They may also manage their own teams of buyers or be part of a larger team within the purchasing department.
A senior buyer salary can vary greatly depending on many factors, but what is a senior buyer salary in manufacturing? A senior buyer salary in manufacturing will typically be higher than the average salary for all industries. This is because manufacturing companies require more experience and knowledge than other industries. A senior buyer salary in manufacturing can range from $60,000 to $100,000 per year.
Is there a difference between a Senior Buyer Salary and other types of buyer salaries?
Yes! The salary for a senior buyer is much higher than that of an intermediate or junior level buyer. A senior buyer typically has more experience than other types of buyers, who may only have 2-3 years of experience in procurement before moving up the ranks as an assistant or junior manager. The responsibilities of a senior buyer include managing all purchasing activities within their organization as well as overseeing other lower-level buyers on their team.
What Is A Senior Buyer
Senior buyers research, evaluate, and source products to be sold at retail or wholesale establishments. They analyze competitors, market trends, sales, and profits and apply these insights when making decisions in sync with the current profile and future needs of the company. They update management about requisitions on a regular basis and make sure the quality of received stock meets company expectations.
As a senior buyer, you will manage a team of buyers and liaise with merchandising and marketing departments. Most of your efforts will go into product development for upcoming seasons and range planning, deciding which lines of products are worth keeping up and which ones should be discontinued. You will contribute to design concepts and catalog production, review samples, and come up with prices that allow for adequate profits, compared to acquisition costs.
The work of senior buyers entails a lot of data research and analysis, presentation of proposals, and negotiations. It is fun if you have what it takes, and surely very far from the glorified shopping people tend to make it out to be at first glance.
How To Become a Senior Buyer
If you’re interested in becoming a Senior Buyer, one of the first things to consider is how much education you need. We’ve determined that 70.1% of Senior Buyers have a bachelor’s degree. In terms of higher education levels, we found that 8.9% of Senior Buyers have master’s degrees. Even though most Senior Buyers have a college degree, it’s possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a Senior Buyer. When we researched the most common majors for a Senior Buyer, we found that they most commonly earn Bachelor’s Degree degrees or Associate Degree degrees. Other degrees that we often see on Senior Buyer resumes include Master’s Degree degrees or High School Diploma degrees.
You may find that experience in other jobs will help you become a Senior Buyer. In fact, many Senior Buyer jobs require experience in a role such as Buyer. Meanwhile, many Senior Buyers also have previous career experience in roles such as Purchasing Manager or Purchasing Agent.
Top 10 Highest Paying Cities for Senior Buyer Jobs
We’ve identified 10 cities where the typical salary for a Senior Buyer job is above the national average. Topping the list is San Jose, CA, with Jackson, WY and Oakland, CA close behind in the second and third positions. Oakland, CA beats the national average by $14,455 (19.1%), and San Jose, CA furthers that trend with another $15,400 (20.3%) above the $75,828 average.
With these 10 cities having average salaries higher than the national average, the opportunities for economic advancement by changing locations as a Senior Buyer appears to be exceedingly fruitful.
Finally, another factor to consider is the average salary for these top ten cities varies very little at 4% between San Jose, CA and Wasilla, AK, reinforcing the limited potential for much wage advancement. The possibility of a lower cost of living may be the best factor to use when considering location and salary for a Senior Buyer role.
| City | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
|---|---|---|---|---|
| San Jose, CA | $91,228 | $7,602 | $1,754 | $43.86 |
| Jackson, WY | $90,424 | $7,535 | $1,739 | $43.47 |
| Oakland, CA | $90,283 | $7,524 | $1,736 | $43.41 |
| Hayward, CA | $88,562 | $7,380 | $1,703 | $42.58 |
| Vallejo, CA | $88,287 | $7,357 | $1,698 | $42.45 |
| Seattle, WA | $88,138 | $7,345 | $1,695 | $42.37 |
| Santa Barbara, CA | $87,469 | $7,289 | $1,682 | $42.05 |
| Sunnyvale, CA | $87,279 | $7,273 | $1,678 | $41.96 |
| Norwalk, CT | $87,144 | $7,262 | $1,676 | $41.90 |
| Wasilla, AK | $87,124 | $7,260 | $1,675 | $41.89 |
