Procurement Assistant Salary at Freund-Vector Corp BETA

How much does a Freund-Vector Corp Procurement Assistant make?

As of December 2024, the average annual salary for a Procurement Assistant at Freund-Vector Corp is $41,091, which translates to approximately $20 per hour. Salaries for Procurement Assistant at Freund-Vector Corp typically range from $36,760 to $45,767, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Freund-Vector Corp Overview

Website:
freund-vector.com
Size:
100 - 200 Employees
Revenue:
$10M - $50M
Industry:
MFG Durable

A global full service company founded in 1972, Freund-Vector Corporation designs, manufactures and markets processing equipment and services for the processing of powders, particles, beads, pellets, tablets and other solid materials/forms to the pharmaceutical, nutritional, food, confectionery, chemical, powdered metals, automotive and pyrotechnics industries. Equipment applications include coating, drying, agglomerating, granulating, layering, densification and tablet forming. The product lines include coating pan systems for applying an aqueous, solvent or sugar film coating; fluid bed systems for granulating, coating and drying; high shear granulator mixers for wet granulation and roll compactors for material densification and granulation along with automated process control systems for all of the equipment/systems. A unique in-house laboratory facility that specializes in product feasibility, process development and process technology provides processing expertise to support the marketing of all of the product lines. A key to Freund-Vectors continued growth and profitability, in an increasingly competitive global market, is a dedicated work force of well-educated and experienced employees. Freund-Vector has a very strong commitment to quality and was assessed and is a registered International ISO 9001:15 Quality Manufacturing Company. Freund Corporation of Tokyo, Japan a business partner since 1974 purchased controlling interest of Vector Corporation in 1997. Freund Corporation is a highly focused product research and development based company. Freund is committed to the continued development of innovative processing equipment and to provide new technology solutions for the pharmaceutical and nutritional markets. Freund possesses more than 300 domestic and international intellectual properties reflecting their creative technologies and unique products. Together Freund and Vector have over 5000 installations in 51 countries of the world. Vector Corporation became Freund-Vector Corporation in January 2012.

See similar companies related to Freund-Vector Corp

What Skills Does a person Need at Freund-Vector Corp?

At Freund-Vector Corp, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Purchasing: Purchasing refers to a business or organization attempting to acquire goods or services to accomplish its goals. Although there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations. Typically the word “purchasing” is not used interchangeably with the word “procurement”, since procurement typically includes expediting, supplier quality, and transportation and logistics (T&L) in addition to purchasing.
  2. Procurement: Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement is used to ensure the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing risks such as exposure to fraud and collusion. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and price fluctuations. Procurement generally involves making buying decisions under conditions of scarcity. If sound data is available, it is good practice to make use of economic analysis methods such as cost-benefit analysis or cost-utility analysis.
  3. Supply chain: A supply chain encompasses everything from the delivery of source materials from the supplier to the manufacturer through to its eventual delivery to the end user.
  4. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  5. Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.

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Check more jobs information at Freund-Vector Corp

Job Title Average Freund-Vector Corp Salary Hourly Rate
2 Administrative Assistant, Accounting $37,771 $18
3 Application Designer $77,779 $37
4 District Sales Manager $89,210 $43
5 Manager, Quality Assurance $107,150 $52
6 Manufacturing Engineer $93,766 $45
7 Production Buyer $77,421 $37
8 Project Management Assistant $93,205 $45
9 Sales Administrative Assistant $86,658 $42
10 Senior Technical Engineer $116,094 $56
11 Technical Service Assistant $40,547 $19
12 Vice President, Finance & Administration $245,013 $118
13 Accountant $76,370 $37

Hourly Pay at Freund-Vector Corp

The average hourly pay at Freund-Vector Corp for a Procurement Assistant is $20 per hour. The location, department, and job description all have an impact on the typical compensation for Freund-Vector Corp positions. The pay range and total remuneration for the job title are shown in the table below. Freund-Vector Corp may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $41,091 look to you?

FAQ about Salary and Jobs at Freund-Vector Corp

1. How much does Freund-Vector Corp pay per hour?
The average hourly pay is $20. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Freund-Vector Corp?
According to the data, the highest approximate salary is about $45,767 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Freund-Vector Corp?
According to the data, the lowest estimated salary is about $36,760 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.