The average salary for a Procurement Officer is Rs 393,252 per year. Experience strongly influences pay for this job. Most people move on to other jobs if they have more than 10 years' experience in this career.

Rs 200,151 - Rs 712,597
Rs 200K
Rs 370K
Rs 710K
MEDIAN: Rs 369,463
10%
50%
90%
Rs 0Rs 751K
Salary Rs 200,151 - Rs 712,597
Bonus Rs 2,959 - Rs 97,861
Profit Sharing Rs 0.00 - Rs 690,428
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 206,569 - Rs 751,020
  • Country: India
  • Currency: INR
  • Updated: 20 Jan 2018
  • Individuals Reporting: 198

Job Description for Procurement Officer

The procurement officer ensures the things purchased for the company provide the best possible value and outcomes, whether they be goods for resale, equipment, services, or materials. The procurement officer must be adept at analyzing the needs of the company and possible choices for purchase to meet these needs at the best prices possible while taking into account quality. The procurement officer must be able to ensure that the delivery of purchases meets the needs of the company without causing shortages or excessive surpluses. They must be able to gauge what levels must be kept of purchases to ensure consistent resource availability and performance.

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Procurement Officer Tasks

  • Review historical and competitive costs to identify cost savings opportunities and variances.
  • Analyze category, service, material, and vendor costs to provide key decision information.
  • Review financial goals and provide metrics to understand and report on initiatives and cost structure.
  • Ensure books and databases are up to date and accurate.

Common Career Paths for Procurement Officer


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Procurement Officer Job Listings

Popular Skills for Procurement Officer

Pay Difference by Location

National Average: Rs 372,374

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

Procurement Officer Reviews

Q: What is it like working as a Procurement Officer?

Procurement Officer in Hyderabad:
"Its Interesting and Challenging."
Pros: We can learn different issues in procurement.
Cons: Highly Responsible for Financial Matters.

Related Job Salaries

Key Stats for Procurement Officer

Gender

Female
9 %
Male
91 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.
Less than 1 year
3%
1-4 years
47%
5-9 years
43%
10-19 years
6%
20 years or more
2%

Experience Affects Procurement Officer Salaries

Experienced
▲58%

▲27%

National Average
Rs 372,000

▼6%

Skills That Affect Procurement Officer Salaries

▲2%

▲1%

National Average
Rs 372,000

Vendor Management
▼8%

Purchasing
▼19%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 8 votes.

Gender

Female
9 %
Male
91 %

Years of Experience

Less than 1 year
3%
1-4 years
47%
5-9 years
43%
10-19 years
6%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 75%
dental benefits
Dental: 3%
vision benefits
Vision: 4%
no benefits
None: 25%