Procurement Manager with Vendor Management Skills Salary (India)

A Procurement Manager with Vendor Management skills earns an average salary of Rs 906,829 per year. People in this job generally don't have more than 20 years' experience. Pay for this job rises steadily for more experienced workers, but goes down significantly for the few employees with more than 20 years' experience.

Rs 402,591 - Rs 1,756,772
Rs 400K
Rs 880K
Rs 2M
MEDIAN: Rs 878,845
10%
50%
90%
Rs 0Rs 1M
Salary Rs 402,591 - Rs 1,756,772
Bonus Rs 9,870 - Rs 234,953
Profit Sharing Rs 0.00 - Rs 125,000
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 409,570 - Rs 1,894,926
  • Country: India
  • Currency: INR
  • Updated: 13 Jan 2018
  • Individuals Reporting: 355

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 neutral 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 27 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 871,000 based on 103 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 1,180,000 based on 77 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 610,000 based on 5 salaries.

Pay Difference by Location

National Average: Rs 931,923

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 16 votes.
1-4 years
14%
5-9 years
43%
10-19 years
39%
20 years or more
4%

Experience Affects Procurement Manager Salaries

▲27%

National Average
Rs 932,000

▼7%

Entry-Level
▼34%

Late-Career
▼34%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 16 votes.

Gender

Female
13 %
Male
87 %

Years of Experience

1-4 years
14%
5-9 years
43%
10-19 years
39%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 7%
vision benefits
Vision: 6%
no benefits
None: 20%