Home > Salary > India > Strategic Sourcing Specialist
A Strategic Sourcing Specialist is responsible for managing the procurement process and developing strategic sourcing strategies to optimize costs, improve supplier relationships, and ensure the availability of quality goods and services. They analyze market trends, evaluate suppliers, negotiate contracts, and monitor supplier performance to achieve cost savings and operational efficiencies. They collaborate with cross-functional teams to understand the organization's needs, identify potential suppliers, and implement sourcing plans. Additionally, they stay updated on industry best practices and technological advancements to enhance the sourcing process.
Estimated Yearly Salary: 2,768,551 INR
Estimated Monthly Salary: 230,713 INR
Estimated Weekly Salary: 53,241 INR per week
Estimated Hourly Salary: 1,331 INR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 223,208 INR
Estimated Weekly Salary: 51,509 INR per week
Estimated Hourly Salary: 1,288 INR per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 30,777 USD
Estimated Monthly Salary: 2,565 USD
Estimated Weekly Salary: 592 USD per week
Estimated Hourly Salary: 15 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 2,768,551 INR
Estimated Monthly Salary: 230,713 INR
Estimated Weekly Salary: 53,241 INR per week
Estimated Hourly Salary: 1,331 INR per hour
By working as Strategic Sourcing Specialist a person can save up to 1,670 USD per month or 20,035 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in India, see costs of living in India.
Estimated Yearly Salary for Strategic Sourcing Specialist
Last revision of data: 2025-01-04
Data as of 2025
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Strategic Sourcing Specialist salary in India
Average Yearly Salary of Strategic Sourcing Specialist in India is approximately 2,768,551 INR (30,777 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Strategic Sourcing Specialist do?
A Strategic Sourcing Specialist is responsible for managing the procurement process and developing strategic sourcing strategies to optimize costs, improve supplier relationships, and ensure the availability of quality goods and services. They analyze market trends, evaluate suppliers, negotiate contracts, and monitor supplier performance to achieve cost savings and operational efficiencies. They collaborate with cross-functional teams to understand the organization's needs, identify potential suppliers, and implement sourcing plans. Additionally, they stay updated on industry best practices and technological advancements to enhance the sourcing process.
Skills: Strategic Sourcing, Procurement, Supplier Management, Negotiation, Cost Optimization, Supplier Performance
Job industry: Procurement
Job industry: Procurement
How much does Strategic Sourcing Specialist make?
Salary details
How much does Strategic Sourcing Specialist make?Estimated Yearly Salary: 2,768,551 INR
Estimated Monthly Salary: 230,713 INR
Estimated Weekly Salary: 53,241 INR per week
Estimated Hourly Salary: 1,331 INR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 2,678,490 INREstimated Monthly Salary: 223,208 INR
Estimated Weekly Salary: 51,509 INR per week
Estimated Hourly Salary: 1,288 INR per hour
Last revision of data: 2024-01-09Strategic Sourcing Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 30,777 USD
Estimated Monthly Salary: 2,565 USD
Estimated Weekly Salary: 592 USD per week
Estimated Hourly Salary: 15 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Country:
Salary comparison to National average
India is a diverse and vibrant country located in South Asia. With a population of over 1.3 billion people, it is the second-most populous country in the world. The land area of India spans approximately 3.29 million square kilometers, making it the seventh-largest country by land area. It shares borders with several countries including Pakistan, China, Nepal, Bhutan, Bangladesh, and Myanmar.
Estimated national average yearly salary is 1,850,826 INR (22,380 USD). Value indicated is pre-tax. Below graph shows estimated Strategic Sourcing Specialist job salary compared to average salary in India.
Comparison shows that a person working as Strategic Sourcing Specialist in India earns on average:
1.5 times the average salary (or 150% of average salary).
Estimated national average yearly salary is 1,850,826 INR (22,380 USD). Value indicated is pre-tax. Below graph shows estimated Strategic Sourcing Specialist job salary compared to average salary in India.
Comparison shows that a person working as Strategic Sourcing Specialist in India earns on average:
1.5 times the average salary (or 150% of average salary).
Is Strategic Sourcing Specialist a well paid job?
Yes, our data shows that Strategic Sourcing Specialist is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Strategic Sourcing Specialist?
High salary for Strategic Sourcing Specialist would be somewhere between 3,045,406 INR and 4,014,399 INR. However this is an estimation based on Gaussian Distribution.How much can you save working as Strategic Sourcing Specialist in India?
Living in India the approximate monthly expenses are: 895 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 2,768,551 INR
Estimated Monthly Salary: 230,713 INR
Estimated Weekly Salary: 53,241 INR per week
Estimated Hourly Salary: 1,331 INR per hour
By working as Strategic Sourcing Specialist a person can save up to 1,670 USD per month or 20,035 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in India, see costs of living in India.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Pakistan, China, Nepal, Bhutan, Bangladesh, Myanmar (Burma), Afghanistan. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Strategic Sourcing Specialist
Pakistan is 2,178 USD
China is 17,668 USD
Nepal is 10,082 USD
Bangladesh is 3,881 USD
Afghanistan is 8,275 USD Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in India
(21,041,458 INR per year, pre-tax.)
2. Cardiologist
(17,441,897 INR per year, pre-tax.)
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4. Neurosurgeon
(16,443,049 INR per year, pre-tax.)
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7. Urologist
(16,021,806 INR per year, pre-tax.)
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9. Oncologist
(15,984,385 INR per year, pre-tax.)
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Data as of 2025Random salary:
Job placement specialist (1,129,020 INR per year, pre-tax.)
Rehabilitation program manager (1,998,859 INR per year, pre-tax.)
Optical manager (eye care) (1,351,070 INR per year, pre-tax.)
Social media campaign manager (1,455,482 INR per year, pre-tax.)
Social media campaign manager (1,953,990 INR per year, pre-tax.)
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Please note:The salary figures presented here are meant for reference purposes solely.
Salary details presented on this website are meant for informational purposes only. Our data is sourced through various sources and may not necessarily be up to date. Users must verify salary information through other means before making employment commitments. The figures listed here may change due to variables such as company policies, experience levels, and demand shifts. We cannot warrant that the data displayed is flawless. By using this website, you agree that salary information is presented 'as is' and without warranties.
Salary details displayed on optisalary.com are meant for informational purposes exclusively. Our data is sourced through various inputs and may not necessarily be accurate. Users should verify salary information through other means before making employment decisions. The figures listed here may change due to factors such as company policies, experience levels, and demand shifts. We cannot guarantee that the data provided is flawless. By using optisalary.com, you agree that salary information is offered 'as is' and without assurances.