Materials Specialist Salary at Msd BETA
How much does a Msd Materials Specialist make?
As of April 2025, the average annual salary for a Materials Specialist at Msd is $137,105, which translates to approximately $66 per hour. Salaries for Materials Specialist at Msd typically range from $124,406 to $147,241, 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.
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What Skills Does a person Need at Msd?
At Msd, 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.
- 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.
- Materials Management: Materials management is a core supply chain function and includes supply chain planning and supply chain execution capabilities. Specifically, materials management is the capability firms use to plan total material requirements. The material requirements are communicated to procurement and other functions for sourcing. Materials management is also responsible for determining the amount of material to be deployed at each stocking location across the supply chain, establishing material replenishment plans, determining inventory levels to hold for each type of inventory (raw, WIP, Finished Goods), and communicating information regarding material needs throughout the extended supply chain. Typical roles in Materials Management include: Materials Manager, Inventory Control Manager, Inventory Analyst, Material Planner, Expediter and emerging hybrid roles like "buyer planner". The primary business objective of Materials Management is assured supply of material, optimum inventory levels and minimum deviation between planned and actual results.
- Inventory Management: Overseeing and controlling supplies and stock to ensure that an organization maintains an adequate stock quantity.
- Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
- 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.
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Check more jobs information at Msd
| Job Title | Average Msd Salary | Hourly Rate | |
|---|---|---|---|
| 2 | IT Executive | $232,018 | $112 |
| 3 | Microbiologist | $55,121 | $27 |
| 4 | Onsite Medical Representative | $26,370 | $13 |
| 5 | Senior Marketing Specialist | $54,609 | $26 |
| 6 | Associate Specialist | $28,587 | $14 |
| 7 | Channel Sales Manager | $92,000 | $44 |
| 8 | Director, Product Support | $123,060 | $59 |
| 9 | Manager | $78,579 | $38 |
| 10 | Manager, Franchise | $93,601 | $45 |
| 11 | Medical Representative | $39,836 | $19 |
| 12 | Medical Sales Representative | $71,688 | $34 |
| 13 | Sales Representative | $71,688 | $34 |
Hourly Pay at Msd
FAQ about Salary and Jobs at Msd
The average hourly pay is $66. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
According to the data, the highest approximate salary is about $147,241 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
According to the data, the lowest estimated salary is about $124,406 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
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.