The average salary for a Procurement Manager in India is ₹984,679.
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What Do Procurement Managers Do?
A procurement manager is the primary point of contact between a business and its suppliers. Using superb analytical skills, a procurement manager identifies potential suppliers, screens them, and negotiates favorable payment terms with selected suppliers. After formalizing the supply contract with the aid of legal professionals, the procurement manager then monitors supplier performance to ensure contractual obligations are met and to help make the supply procurement process as cost-effective an…Read more
Procurement Manager Tasks
- Negotiate contracts, policies and deadlines with suppliers and vendors.
- Monitor prices by product and vendor to predict and account for financial fluctuations.
- Manage flow of goods and supplies for optimum production, analyzing and adapting internal policies.
- Prepare and process purchase orders and purchase requisitions, and maintain documentation of the acquisition of goods.
- Manage staff and vendors for timely arrival of products and goods.
Popular Employer Salaries for Procurement Manager
The top respondents for the job title Procurement Manager are from the companies Accenture, Larsen & Toubro Limited and Larsen and Toubro Ltd.. Reported salaries are highest at Siemens Ltd where the average pay is ₹1,100,000. Other companies that offer high salaries for this role include Accenture, earning around ₹1,028,066. Larsen and Toubro Ltd. pays the lowest at around ₹605,000. Vodafone also pays on the lower end of the scale, paying ₹770,012.
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Senior Procurement Manager
Somewhat common (8 - 20%)
Procurement Manager Job Listings
What Are Popular Skills for Procurement Managers?
Skills in Procurement, Negotiation, Contract Negotiation and Supplier Management are correlated to pay that is above average. Skills that pay less than market rate include Vendor Management.
What is the Pay by Experience Level for Procurement Managers?
An entry-level Procurement Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of ₹300,002 based on 5 salaries. An early career Procurement Manager with 1-4 years of experience earns an average total compensation of ₹534,505 based on 75 salaries. A mid-career Procurement Manager with 5-9 years of experience earns an average total compensation of ₹844,147 based on 191 salaries. An experienced Procurement Manager with 10-19 years of experience earns an average total compensation of ₹1,186,048 based on 292 salaries. In their late career (20 years and higher), employees earn an average total compensation of ₹1,459,786.
Pay Difference by Location
Employees with Procurement Manager in their job title in Gurgaon, Haryana earn an average of 25.5% more than the national average. These job titles also find higher than average salaries in New Delhi, Delhi (19.8% more) and Mumbai, Maharashtra (9.7% more). The lowest salaries can be found in Chennai, Tamil Nadu (14.8% less) and Hyderabad, Andhra Pradesh (10.0% less).
Years of Experience
This data is based on 598 survey responses.