The average salary for a Procurement Manager in India is Rs 958,955.
Is Procurement Manager your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.
Rs 355k - Rs 2m
Rs 14k - Rs 273k
Rs 13 - Rs 194k
Rs 386k - Rs 2m
Your Market Worth Over Time
How has your pay changed over time for your market? Find out by taking our salary quiz.
Job Description for Procurement Manager
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.
Job Satisfaction for Procurement Manager
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 Rs 1,100,000. Other companies that offer high salaries for this role include Accenture, earning around Rs 1,028,066. Larsen and Toubro Ltd. pays the lowest at around Rs 605,000. Larsen & Toubro Limited also pays on the lower end of the scale, paying Rs 800,000.
Procurement Manager Job Listings
Search for more jobs
Popular Skills for Procurement Manager
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.
Pay by Experience Level for Procurement Manager
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 Rs 300,003 based on 6 salaries. An early career Procurement Manager with 1-4 years of experience earns an average total compensation of Rs 535,982 based on 83 salaries. A mid-career Procurement Manager with 5-9 years of experience earns an average total compensation of Rs 820,803 based on 219 salaries. An experienced Procurement Manager with 10-19 years of experience earns an average total compensation of Rs 1,161,479 based on 317 salaries. In their late career (20 years and higher), employees earn an average total compensation of Rs 1,464,097.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Procurement Manager in their job title in Gurgaon, Haryana earn an average of 18.4% more than the national average. These job titles also find higher than average salaries in Pune, Maharashtra (9.4% more) and Mumbai, Maharashtra (8.6% more). The lowest salaries can be found in Chennai, Tamil Nadu (12.5% less), Hyderabad, Andhra Pradesh (11.4% less) and New Delhi, Delhi (0.9% less).
Years of Experience
This data is based on 659 survey responses.
Related Job Salaries
Rs 482k - Rs 2m
Rs 343k - Rs 2m
Rs 303k - Rs 2m
Rs 602k - Rs 2m
Rs 169k - Rs 810k
Rs 296k - Rs 2m
Rs 257k - Rs 969k
Rs 199k - Rs 844k
Rs 151k - Rs 984k
Rs 290k - Rs 1m