A Strategic Sourcing Manager in Mumbai, Maharashtra earns an average salary of Rs 750,000 per year. The highest paying skills associated with this job are Negotiation and Vendor Management. People in this job generally don't have more than 20 years' experience.

Rs 568,599 - Rs 2,214,755
Rs 570K
Rs 1M
Rs 2M
MEDIAN: Rs 1,101,275
10%
50%
90%
Rs 0Rs 2M
Salary Rs 568,599 - Rs 2,214,755
Bonus Rs 0.00 - Rs 156,896
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 571,626 - Rs 2,214,755
  • Country: India
  • Currency: INR
  • Updated: 17 Jan 2018
  • Individuals Reporting: 32

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

Gender

Female
4 %
Male
96 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 4 votes.
1-4 years
9%
5-9 years
50%
10-19 years
25%
20 years or more
16%

Experience Affects Strategic Sourcing Manager Salaries

Experienced
▲13%

National Average
Rs 1,148,000

▼13%

Skills That Affect Strategic Sourcing Manager Salaries

Negotiation
▲22%

National Average
Rs 1,148,000

Vendor Management
▼25%

Sourcing
▼36%

Job Satisfaction

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

Gender

Female
4 %
Male
96 %

Years of Experience

1-4 years
9%
5-9 years
50%
10-19 years
25%
20 years or more
16%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 17%
vision benefits
Vision: 17%
no benefits
None: 17%