The average pay for a Strategic Sourcing Manager in Bangalore, Karnataka is Rs 1,285,000 per year. Most people move on to other jobs if they have more than 20 years' experience in this career.

Rs 540,113 - Rs 2,250,000
Rs 540K
Rs 990K
Rs 2M
MEDIAN: Rs 991,313
10%
50%
90%
Rs 0Rs 2M
Salary Rs 540,113 - Rs 2,250,000
Bonus Rs 37,665 - Rs 242,925
Profit Sharing Rs 81,176
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 618,293 - Rs 2,500,000
  • Country: India
  • Currency: INR
  • Updated: 17 Jan 2018
  • Individuals Reporting: 39

Job Description for Strategic Sourcing Manager

Strategic sourcing managers are responsible for directing and analyzing how a business spends money. Their ultimate goal is to make sure the business is cost effective so it maintains higher profit margins and a competitive advantage. The research that strategic sourcing managers conduct drives the purchasing decisions for the business. They are expected to rigorously locate and analyze new opportunities and developments for the business. When plans are adopted, these managers also may have to lead conversion management within their organization.

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Strategic Sourcing Manager Tasks

  • Manage procurement and sourcing policies and activities, including overseeing specific contracts.
  • Conduct market research, create estimates and forecasts, and identify cost reduction strategies.
  • Hire, train, and manage sourcing team.
  • Negotiate with suppliers and vendors for contracts for timely supplies at fair prices and in compliance with regulations.

Strategic Sourcing Manager Job Listings

Key Stats for Strategic Sourcing Manager

1-4 years
8%
5-9 years
41%
10-19 years
46%
20 years or more
5%

Experience Affects Strategic Sourcing Manager Salaries

▲59%

National Average
Rs 1,072,000

Mid-Career
▼1%

Skills That Affect Strategic Sourcing Manager Salaries

Negotiation
▲10%

Vendor Management
▲10%

National Average
Rs 1,072,000

Sourcing
▼2%

Years of Experience

1-4 years
8%
5-9 years
41%
10-19 years
46%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 97%
dental benefits
Dental: 10%
vision benefits
Vision: 6%
no benefits
None: 3%