An Entry-Level Procurement Manager earns an average salary of Rs 489,796 per year. Skills that are associated with high pay for this job are Vendor Management, Contract Negotiation, and Negotiation.

Rs 220,352 - Rs 938,490
Rs 220K
Rs 510K
Rs 940K
MEDIAN: Rs 511,937
10%
50%
90%
Rs 0Rs 1M
Salary Rs 220,352 - Rs 938,490
Bonus Rs 7,891 - Rs 182,461
Profit Sharing Rs 0.00 - Rs 128,802
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 230,629 - Rs 1,009,833
  • Country: India
  • Currency: INR
  • Updated: 10 Jan 2018
  • Individuals Reporting: 150

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

Procurement Manager Advice

Q: What do you wish you knew about your job when you first started out?

Procurement Manager in Hyderabad:
Be honest and give 100% in every day work.

Procurement Manager in Jharsuguda:
"Dedication, Punctuality, Sincerity is most IMP in work."
Five measure point to adopt in Procurement. 1. Find Registered Vendor. 2. Strong negotiation. 3. Timely Delivery. 4. Better Communication. 5. Follow ABC system in procurement.

Key Stats for Procurement Manager

Gender

Female
18 %
Male
82 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 9 votes.
Less than 1 year
3%
1-4 years
65%
5-9 years
32%

Skills That Affect Procurement Manager Salaries

Vendor Management
▲13%

Contract Negotiation
▲13%

Negotiation
▲7%

National Average
Rs 540,000

▼3%

Job Satisfaction

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

Gender

Female
18 %
Male
82 %

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 11%
vision benefits
Vision: 8%
no benefits
None: 23%