Buyer and Purchasing Agent resized

Buyer and Purchasing Agent

Buyers and purchasing agents obtain the products and services a business needs to sustain operations. These professionals provide crucial functions in organizations to help them achieve their objectives.

A buyer and purchasing agent is a professional who buys the raw materials, equipment, and services a business needs to carry out its operations. They collect and screen information about suppliers, products, and prices in order to select and purchase goods and services.

There are several types of buyers and purchasing agents, such as:

  • Buyers and purchasing agents of farm products: These buyers and purchasing agents buy agricultural products to resell or use them as raw materials. Such products include corn, grain, cotton, and rubber.


  • Wholesale and retail buyers and purchasing agents of consumer goods: Wholesale/retail buyers purchase products solely for resale. Another name for a buyer or purchasing agent who obtains consumer (finished) goods as merchandise manager.


  • Service companies also rely on these buyers and purchasing agents to guarantee seamless operations. An insurance company doesn't need chemical products or raw materials, but it needs office supplies and services such as cleaning and communications.

This professional manages the inventory of a business, selects suppliers, verifies and records details of business purchases, negotiates contracts with vendors on behalf of the company, and ensures compliance with regulations guiding procurement of goods and services.

Many buying and purchasing agents have a bachelor’s degree in management, operations, merchandising, or a related field; the majority have at least a high school degree or GED with up to a year of on-the-job training.

$43,450

entry level salary estimate

$87,655

experienced level salary estimate

3,889

projected annual job openings

If you're ready for business, Texas is the state for you.

Have a head for business? If you’re good with numbers and business-minded, you could find yourself working for all types and sizes of companies, in all kinds of industries. From administrative support roles to managers and executives, career opportunities in the world of business are wide ranging. In business, an associate or bachelor’s degree can get you on a fast track to success.

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Sources:

Texas Labor Market Information, Texas Workforce Commission. Statewide wages by occupation, 2021. Statewide projections by occupation, 2020-2030.

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