The average pay for an Experienced Procurement Manager in Bangalore, Karnataka is Rs 1,068,000 per year. The highest paying skills associated with this job are Contract Negotiation, Negotiation, Vendor Management, and Procurement.

Rs 476,674 - Rs 2,446,357
Rs 480K
Rs 1M
Rs 2M
MEDIAN: Rs 1,248,000
10%
50%
90%
Rs 0Rs 2M
Salary Rs 476,674 - Rs 2,446,357
Bonus Rs 14,544 - Rs 406,198
Profit Sharing Rs 507,500
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 476,674 - Rs 2,465,814
  • Country: India
  • Currency: INR
  • Updated: 18 Jan 2018
  • Individuals Reporting: 58

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

Key Stats for Procurement Manager

Gender

Female
13 %
Male
88 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.
10-19 years
98%
20 years or more
2%

Skills That Affect Procurement Manager Salaries

Contract Negotiation
▲35%

Negotiation
▲7%

Vendor Management
▲6%

Procurement
▲4%

National Average
Rs 1,260,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.

Gender

Female
13 %
Male
88 %

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 7%
vision benefits
Vision: 9%
no benefits
None: 20%