India
Procurement Specialist Salary in Mumbai, Maharashtra
₹398K
20% Low Band Avg
INR ₹546K
Average
₹795K
80% High Band Avg
- Bonus: 43K
Salaries based on experience level
The Average Entry Level salary of Procurement Specialist in Mumbai, Maharashtra is INR ₹451K/yr, this salary increases 53% to ₹695K/yr when reach Mid Level Career.
From Mid to Senior Level the average salary increases 29% from ₹695K/yr to ₹903K/yr.
Salary Compared to India National Average Salary
- Procurement Specialist in Mumbai, Maharashtra Salary
- vs
- Procurement Specialist in India Salary
The Average Salary of Procurement Specialist in Mumbai, Maharashtra is ₹546K/yr. This is +23% higher (₹103,497) compared to India national average salary of ₹443K/yr.
Salary Compared to Mumbai City Average Salary
- Procurement Specialist in Mumbai, Maharashtra Salary
- vs
- Mumbai, Maharashtra City Average Salary
The Average Salary of Procurement Specialist in Mumbai, Maharashtra is -35% lower (-294,585) than the average salary for the city of Mumbai, Maharashtra ₹841K/yr.
Procurement Specialist job description
Job Title: Procurement Specialist
Overview/Summary of the Role:
The Procurement Specialist is responsible for managing an organization's procurement process. This role requires effective communication and negotiation skills, attention to detail, and a strong ability to analyze technical and financial data. The Procurement Specialist ensures that the organization procures the goods and services required at the best possible price, on time, and with the highest level of quality.
Responsibilities and Duties:
• Develop, implement and maintain procurement policies and procedures.
• Analyze procurement trends, market conditions, supplier quality and reliability to identify procurement opportunities.
Procurement Specialist interview questions
Interviewer: Good morning/afternoon, thank you for coming in today for the interview. Can you please briefly introduce yourself and explain why you are interested in the Procurement Specialist position?
Candidate: Good morning/afternoon. Thank you for having me. My name is [Name] and I am interested in the Procurement Specialist position because I have a passion for negotiating contracts, analyzing data, and finding cost-effective solutions.
Interviewer: That’s great to hear. Can you describe your experience with procurement processes and procedures?
Candidate: I have worked in procurement for [number of years] years and have experience in sourcing goods and services, negotiating contracts, and managing supplier relationships. I am familiar with procurement regulations and guidelines, and have successfully managed procurement projects from start to finish.
Interviewer: Can you give an example of a time where you had to negotiate a contract and overcome any obstacles that may have arisen during the negotiation process?
Candidate: Sure. In my previous role, I had to negotiate a contract with a vendor who was not willing to offer the pricing we needed. I spent time researching and identifying alternative options, and was able to leverage a competitor’s bid as leverage to negotiate a better price with our preferred vendor.
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