Avg. Base Salary (INR)
The average salary for a Procurement Officer is ₹378,855
What is the Pay by Experience Level for Procurement Officers?
An entry-level Procurement Officer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of ₹239,843 based on 10 salaries. An early career Procurement Officer with 1-4 years of experience earns an average total compensation of ₹331,337 based on 82 salaries. A …Read more
What Do Procurement Officers Do?
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 …Read more
- 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.