Purchasing Agent Salary at Velvac Inc BETA
How much does a Velvac Inc Purchasing Agent make?
As of March 2025, the average annual salary for a Purchasing Agent at Velvac Inc is $58,237, which translates to approximately $28 per hour. Salaries for Purchasing Agent at Velvac Inc typically range from $50,975 to $66,695, 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 Velvac Inc?
At Velvac Inc, 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.
- 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.
- 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.
- Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
- Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.
Related Jobs
Check more jobs information at Velvac Inc
| Job Title | Average Velvac Inc Salary | Hourly Rate | |
|---|---|---|---|
| 2 | Accountant | $78,328 | $38 |
| 3 | Chief Executive Officer | $734,939 | $353 |
| 4 | Customer Solutions Representative | $64,006 | $31 |
| 5 | Import-Export Manager | $107,345 | $52 |
| 6 | Intern - Quality Engineer | $64,226 | $31 |
| 7 | Lead Test Engineer | $112,258 | $54 |
| 8 | Maintenance Technician | $58,599 | $28 |
| 9 | Manager, Quality | $102,934 | $49 |
| 10 | Manager, Warehouse Logistics | $83,326 | $40 |
| 11 | Plant Manager | $169,048 | $81 |
| 12 | Program Manager | $130,542 | $63 |
| 13 | Senior IT Support Specialist | $58,828 | $28 |
Hourly Pay at Velvac Inc
FAQ about Salary and Jobs at Velvac Inc
The average hourly pay is $28. 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 $66,695 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 $50,975 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.