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Procurement Specialist in Bloomington, MN

Procurement Specialist Job Description

Procurement specialists need excellent communication and negotiation skills to build relationships with vendors and suppliers. Firms look for candidates with strong business and financial acumen, including the ability to interpret financial data and identify potential cost savings. Top candidates have a deep understanding of industry standards and regulations, as well as proficiency with enterprise resource planning (ERP) systems. Generally, employers look for professionals with a bachelor’s degree in a business-related field and at least two years of experience in procurement or supply chain management.

Typical procurement specialist duties:

Negotiating contracts with vendors and managing relationships with suppliersMonitoring and analyzing market trends and researching industry suppliersEstablishing quality assurance standards and verifying the quality of purchased productsMaintaining accurate records of purchases and expensesManaging inventory levels and tracking orders to ensure timely delivery

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Salary for Procurement Specialist in Bloomington, MN
48953 - 76238
25th percentile
48953
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
62595
The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.
75th percentile
76238
The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.
Projected salaries for related positions Position title 25th percentile 50th percentile 75th percentile Chief Financial Officer (CFO) – Corporate Accounting 207848 287028 344273 Vice President of Finance 176550 221490 268035 Corporate Controller 161570 197148 228178 Divisional Controller 119840 166653 188588 Assistant Controller 98975 130540 151940 Director of Finance 135355 178690 193403 Director of Accounting 133750 175748 193403 Treasurer 149533 227643 262150 Assistant Treasurer 83728 113153 131878 Financial Project Manager 115025 146055 177353 Forensic Accountant 90683 112885 130273 Property Accountant 73028 83728 100580 Plant Controller 112083 128935 140170 Procurement Manager 87473 120108 134018

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