Procurement Manager with Contract Negotiation Skills Salary (India)

A Procurement Manager with Contract Negotiation skills earns an average salary of Rs 978,484 per year. Most people with this job move on to other positions after 20 years in this career. Experience strongly influences pay for this job.

Rs 430,950 - Rs 1,994,064
Rs 430K
Rs 940K
Rs 2M
MEDIAN: Rs 943,973
10%
50%
90%
Rs 0Rs 2M
Salary Rs 430,950 - Rs 1,994,064
Bonus Rs 0.00 - Rs 245,000
Profit Sharing Rs 0.00 - Rs 110,000
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 468,802 - Rs 2,132,238
  • Country: India
  • Currency: INR
  • Updated: 20 Jan 2018
  • Individuals Reporting: 255

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.

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.

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 610,000 based on 19 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 922,000 based on 76 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 1,430,000 based on 52 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 1,800,000 based on 5 salaries.

Pay Difference by Location

National Average: Rs 988,470

Larger city markers indicate a job is popular in that location.

Key Stats for Procurement Manager

Gender

Female
13 %
Male
87 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 9 votes.
1-4 years
11%
5-9 years
46%
10-19 years
39%
20 years or more
4%

Experience Affects Procurement Manager Salaries

Late-Career
▲82%

▲45%

National Average
Rs 988,000

▼7%

Entry-Level
▼38%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 9 votes.

Gender

Female
13 %
Male
87 %

Years of Experience

1-4 years
11%
5-9 years
46%
10-19 years
39%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 5%
vision benefits
Vision: 5%
no benefits
None: 17%