A Procurement Manager in Chennai, Tamil Nadu earns an average salary of Rs 797,000 per year. Skills that are associated with high pay for this job are Negotiation and Vendor Management.

Rs 345,310 - Rs 1,322,108
Rs 350K
Rs 760K
Rs 1M
MEDIAN: Rs 757,811
10%
50%
90%
Rs 0Rs 1M
Salary Rs 345,310 - Rs 1,322,108
Bonus Rs 9,635 - Rs 203,099
Profit Sharing Rs 0.00
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 361,817 - Rs 1,422,294
  • Country: India
  • Currency: INR
  • Updated: 17 Jan 2018
  • Individuals Reporting: 47

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 570,000 based on 12 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 824,000 based on 9 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 805,000 based on 10 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 1,038,000 based on 8 salaries.

Key Stats for Procurement Manager

Gender

Female
10 %
Male
90 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.
1-4 years
17%
5-9 years
38%
10-19 years
32%
20 years or more
13%

Experience Affects Procurement Manager Salaries

Late-Career
▲28%

▲1%

National Average
Rs 813,000

▼1%

Entry-Level
▼30%

Skills That Affect Procurement Manager Salaries

▲21%


Contract Negotiation
▲11%

▲3%

National Average
Rs 813,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.

Gender

Female
10 %
Male
90 %

Years of Experience

1-4 years
17%
5-9 years
38%
10-19 years
32%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 12%
vision benefits
Vision: 9%
no benefits
None: 26%