Purchase Price Analyst

Analyze statistical data to determine feasibility of buying products.
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Quick Stats


Outlook
Good

Salary Range
$34,000 – $107,000

Data from U.S. Department of Labor


What do Purchase Price Analysts do?

Compiles and analyzes statistical data to determine feasibility of buying products and to establish price objectives for contract transactions: Compiles information from periodicals, catalogs, and other sources to keep informed on price trends and manufacturing processes. Obtains data for cost analysis studies by determining manufacturing costs within divisions of company. Confers with vendors and analyzes vendor’s operations to determine factors that affect prices. Prepares reports, charts, and graphs of findings. Evaluates findings and makes recommendations to purchasing personnel regarding feasibility of manufacturing or buying needed products. May recommend use of alternative parts, materials, or manufacturing methods to reduce costs.


Should I be a Purchase Price Analyst?

You should have an associate's degree or higher and share these traits:
  • Reliable: You can always be counted on to do a good job.
  • Team Player: You're able to listen, communicate, and work with tons of different people.
  • Trustworthy: You are known for your personal integrity and honesty.

  • How to become a Purchase Price Analyst

    We recommend at least an Associate's degree. Check out these schools offering Purchase Price Analyst-related education!
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