The average salary for a Procurement Manager in Mumbai, Maharashtra is Rs 1,007,939 per year. Experience has a moderate effect on pay for this job. A skill in Contract Negotiation is associated with high pay for this job.

Rs 360,258 - Rs 1,726,212
Rs 360K
Rs 980K
Rs 2M
MEDIAN: Rs 978,924
10%
50%
90%
Rs 0Rs 1M
Salary Rs 360,258 - Rs 1,726,212
Bonus Rs 4,085 - Rs 244,679
Profit Sharing Rs 36,000
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
Rs 400,000 - Rs 1,825,407
  • Country: India
  • Currency: INR
  • Updated: 18 Jan 2018
  • Individuals Reporting: 118

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 and efficient as possible.

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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.

Procurement Manager Job Listings

Pay by Experience Level for Procurement Manager

Pay by Experience for a Procurement Manager has a positive trend. An entry-level Procurement Manager with less than 5 years of experience can expect to earn an average total compensation of Rs 606,000 based on 14 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Procurement Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of Rs 1,028,000 based on 25 salaries. An experienced Procurement Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of Rs 1,350,000 based on 28 salaries. A Procurement Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of Rs 1,560,000 based on 7 salaries.

Procurement Manager Reviews

Q: What is it like working in Mumbai?

Procurement Manager in Mumbai:
"Great place."
Pros: Accessibility to all needs.
Cons: Cost and Transportation.

Key Stats for Procurement Manager

Gender

Female
15 %
Male
85 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.
Less than 1 year
2%
1-4 years
10%
5-9 years
40%
10-19 years
41%
20 years or more
7%

Experience Affects Procurement Manager Salaries

Late-Career
▲48%

▲28%

National Average
Rs 1,052,000

▼2%

Entry-Level
▼42%

Skills That Affect Procurement Manager Salaries



National Average
Rs 1,052,000

▼1%

▼2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.

Gender

Female
15 %
Male
85 %

Years of Experience

Less than 1 year
2%
1-4 years
10%
5-9 years
40%
10-19 years
41%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 76%
dental benefits
Dental: 7%
vision benefits
Vision: 7%
no benefits
None: 24%