Procurement Engineer

Job Description

Procurement Engineers oversee the purchase of technical equipment for industrial operations. They collaborate with designers to determine the equipment needed to complete manufacturing or construction projects according to specifications, research vendors for that equipment, then order it. Procurement Engineers negotiate purchase agreements with vendors and award contracts to vendors for equipment. They also monitor any adjustments to equipment needs to maintain the optimum supply of equipment to complete projects on time and on budget.

A Procurement Engineer needs to have high-level organization and record-keeping skills to maintain a consistent flow of equipment to the company’s factories or worksites and make sure vendors are fulfilling the terms of their contracts. Influencing and negotiation skills are also crucial for Procurement Engineers, as it’s up to them to negotiate the purchasing agreements for engineering equipment and hire vendors for projects.

Typical Duties and Responsibilities

  • Analyze technical data and specifications to determine the equipment needed for projects
  • Evaluate equipment suppliers and negotiate purchasing agreements for equipment
  • Devise, implement and oversee procurement strategies to meet cost savings targets
  • Administer supplier and vendor contracts
  • Ensure that purchases comply with commercial, legal and contractual obligations
  • Communicate with stakeholders regarding the nature and function of purchased equipment

Education and Background

This position requires a bachelor’s degree in procurement engineering or a related business field. Since undergraduate programs in procurement engineering are not common, many Procurement Engineers pursue undergraduate degrees in purchasing, supply chain management, or business administration. Although it’s not required, employers prefer job candidates who have a master’s degree in procurement engineering or a related field.

Skills and Competencies

  • Able to analyze technical documents and specifications to understand critical requirements
  • High-level verbal and written communication skills
  • Proficiency with office software, specifically Microsoft Excel or similar programs
  • Influencing and negotiating skills
  • Critical thinking and problem-solving ability

Compensation

According to Payscale the median annual salary of a Procurement Engineer with

1 Year of Experience:

  • Orlando, Florida: $64,000
  • Tampa, Florida: $65,000
  • Jacksonville, Florida: $68,000
  • Miami, Florida: $77,000
  • Atlanta, Georgia: $79,000
  • Chicago, Illinois: $75,000
  • Houston, Texas: $81,000
  • Los Angeles, California: $80,000
  • New York City, New York: $84,000
  • Seattle, Washington: $75,000
  • Overall: $75,000

5 Years of Experience:

  • Orlando, Florida: $83,000
  • Tampa, Florida: $84,000
  • Jacksonville, Florida: $91,000
  • Miami, Florida: $93,000
  • Atlanta, Georgia: $89,000
  • Chicago, Illinois: $100,000
  • Houston, Texas: $91,000
  • Los Angeles, California: $90,000
  • New York City, New York: $95,000
  • Seattle, Washington: $84,000
  • Overall: $93,000

Similar Job Titles

  • Purchase Engineer
  • Purchasing Manager
  • Procurement Agent
  • Strategic Sourcing Specialist

Career Path

This position requires a bachelor’s degree in procurement engineering or a related business field. Since undergraduate programs in procurement engineering are not common, many Procurement Engineers pursue undergraduate degrees in purchasing, supply chain management, or business administration. Although it’s not required, employers prefer job candidates who have a master’s degree in procurement engineering or a related field.

Many companies prefer Procurement Engineers to have coursework in accounting, inventory management, and retail management to understand bidding, processing, pricing, and inventory processes. Successful Procurement Engineers can move into supply chain management and director of purchasing roles.

Position Trends

According to the industry publication Future of Sourcing, one trend in the Procurement Engineering field is the increasing number of digital and technological tools in the procurement space. Many products focus on creating new efficiencies in areas like spend analytics, SRM, contract management, and risk management. Thought leaders say the most useful tools will emphasize the easy access to and use of big data. Another trend in the procurement industry is the volatility in the commodity market due to shifts in trade tariffs and barriers. That means Procurement Engineers will need to implement processes to track suppliers and manage that volatility.

Job Outlook

According to the U.S. Bureau of Labor Statistics, the Purchasing Managers, Buyers, and Purchasing Agents field should decline by six percent from 2018 through 2028. Analysts say this is due to companies outsourcing or automating less complicated procurement functions.

Typical Work Hours

Most Procurement Engineers work 9 a.m. to 5 p.m. Monday through Friday.

Where You Can Find Jobs

  • 4 Corner Resources
  • Career Builder
  • Glassdoor
  • Indeed
  • LinkedIn
  • Monster 
  • Zip Recruiter
  • Engineering.com
  • Engineering Jobs

Are You Interested in Becoming a Procurement Engineer?

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