A person working as a Sourcing Associate in India will on average earn $27922 per year (pre-tax value). Salary is provided in USD ($/dollar) value.
Below is a break-down of yearly, monthly, weekly and hourly rate.
| Rate Type | Amount (USD) |
|---|---|
| Yearly salary | $27,922.00 |
| Weekly salary | $536.96 |
| Daily salary | $76.50 |
| Hourly salary | $9.56 |
This means sourcing associate salary is above average!
Job Industry: retail
Description: A sourcing associate is responsible for identifying and evaluating potential suppliers or vendors for a company's products or services. They play a crucial role in the procurement process, ensuring that the company obtains high-quality goods or services at the best possible price. Sourcing associates conduct market research to identify potential suppliers, negotiate contracts and terms, and manage relationships with existing suppliers. They analyze supplier performance and make recommendations for improvement. Additionally, they monitor market trends and industry developments to stay updated on new suppliers and technologies. Strong analytical and negotiation skills are essential for this role, as well as excellent communication and relationship-building abilities.
Tagged with: sourcing associate, procurement, supplier management, market research, negotiation skills, supplier performance analysis