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Procurement Specialist in Minneapolis, 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 Minneapolis, MN
51093 - 79715
Low
51093
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
65270
The candidate has moderate experience in the role, meets most requirements or has equivalent transferable skills, and may also have relevant certifications.
High
79715
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
Projected salaries for related positions Job title Low Mid High Chief Financial Officer 209185 288633 344273 Corporate Controller 162640 197950 228178 Divisional Controller 127063 173073 188588 Assistant Controller 100580 131075 151940 Plant Controller 118770 133750 145520 Director of Financial Reporting 138030 172003 197683 Senior Financial Reporting Accountant 97103 107803 119573 Financial Reporting Manager 119038 144985 170398 Financial Reporting Accountant 79448 91218 106198 Director of Accounting 135355 176550 196078 Cost Accounting Manager 105128 122783 136693 Senior Cost Accountant 89345 102988 113955 Cost Accountant 76773 84530 99510 Accounting Manager 103523 120910 136425 Senior Accountant 85600 101383 116630 Staff Accountant 65270 78913 93893 Entry-Level Staff Accountant 58583 66340 73830 Senior Accountant – Financial Services 90950 109943 122248 Accountant – Financial Services 77575 95498 110478 Entry-Level Accountant – Financial Services 65270 80250 93358 Forensic Accountant 92823 117433 132413 Property Accountant 75168 86135 100848 Procurement Manager 89880 122783 138298 Accounting Specialist 48150 54035 58583

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels. Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.