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Purchase Analyst

Overview, Education, Careers Types, Skills, Career Path, Resources

Purchase Analysts evaluate suppliers, negotiate contracts, and analyze costs to optimize purchasing decisions and ensure cost-effectiveness.

Average Salary

₹4,50,000

Growth

medium

Satisfaction

medium

Functional Skills

Functional Skills are essential skills that help individuals perform tasks effectively in everyday life, work, and education.

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    Data Analysis and Interpretation
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    Supply Chain Management
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    Negotiation Skills
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    Cost Analysis and Budgeting
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    Contract Management
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    Market Research and Analysis
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    Inventory Management
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    Supplier Relationship Management
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    Procurement Software Proficiency
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    Risk Management
Soft Skills

Communication, teamwork, and critical thinking to ensure seamless project execution.

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    Analytical Skills
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    Negotiation Skills
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    Communication Skills
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    Attention to Detail
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    Relationship Management
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    Technical Proficiency
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    Time Management
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    Adaptability
Technical Skills

Technical Skills are specialized abilities and knowledge needed to perform specific tasks or functions.

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    Data Analysis & Interpretation
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    Spreadsheet Software (Excel, Google Sheets)
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    ERP Systems (SAP, Oracle)
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    Negotiation Skills
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    Supply Chain Management
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    Cost Analysis
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    Contract Management
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    Market Research
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    Communication Skills
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    Problem-Solving
Duties and Responsiblities