Lakshmi Machine Works Strategic Sourcing Engineer Salaries by 4 Employees (Updated 2024)

3 - 6 years exp.

₹4.1 Lakhs - ₹5.5 Lakhs

Low Confidence

Salary of majority employees

8% less than the average Strategic Sourcing Engineer Salary in Industrial Machinery Companies for 3 - 6 years of experience

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Salaries in different departments

Procurement & Supply Chain Strategic Sourcing Engineer Salary 3 - 6 years exp. (3 salaries)	₹4.1 L/yr - ₹5.5 L/yr
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Research & Development Strategic Sourcing Engineer Salary 5 years exp. (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.6 L/yr

Last Updated: 11 Sep 2023

Companies similar to Lakshmi Machine Works for Strategic Sourcing Engineer

Company name	Avg Annual Salary	Open Jobs
TCS Strategic Sourcing Engineer Salary 2 - 4 years exp. (3 salaries)	₹4.6 L/yr - ₹4.6 L/yr 10% less
Tech Mahindra Strategic Sourcing Engineer Salary 5 - 7 years exp. (4 salaries)	₹4.7 L/yr - ₹8 L/yr 11% more
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HCLTech Strategic Sourcing Engineer Salary 3 - 5 years exp. (4 salaries)	₹3.5 L/yr - ₹7.9 L/yr 10% more
HYOSUNG T&D Strategic Sourcing Engineer Salary 3 - 5 years exp. (6 salaries)	₹3.5 L/yr - ₹9.8 L/yr 14% more
Duroshox Strategic Sourcing Engineer Salary 2 - 8 years exp. (4 salaries)	₹2.3 L/yr - ₹6.8 L/yr 1% less

Strategic Sourcing Engineer salary at Lakshmi Machine Works ranges between ₹4.1 Lakhs to ₹5.5 Lakhs per year for employees with experience between 3 years to 6 years. Salary estimates are based on 4 latest salaries received from various employees of Lakshmi Machine Works.

Experience wise Lakshmi Machine Works Strategic Sourcing Engineer salaries

Last Updated: 11 Sep 2023

Experience	Avg Annual Salary
3 years (AmbitionBox Estimate)	₹4.1 L/yr - ₹4.1 L/yr
5 years (AmbitionBox Estimate)	₹5.1 L/yr - ₹5.5 L/yr
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6 years (AmbitionBox Estimate)	₹5.5 L/yr - ₹5.5 L/yr

Similar Designation salaries in Lakshmi Machine Works

Sourcing Engineer Salary

(AmbitionBox Estimate)

₹5 L/yr - ₹6.3 L/yr

Senior Engineer Salary

(253 salaries)

₹4.7 L/yr - ₹11 L/yr

Procurement Engineer Salary

(3 salaries)

₹2 L/yr - ₹6 L/yr

Supply Chain Engineer Salary

(4 salaries)

₹4.85 L/yr - ₹6.7 L/yr

Senior Procurement Engineer Salary

(4 salaries)

₹7 L/yr - ₹7.2 L/yr

Graduate Engineer Salary

(4 salaries)

₹4 L/yr - ₹4.5 L/yr

Project Engineer Salary

(3 salaries)

₹5 L/yr - ₹5.5 L/yr

Junior Engineer Salary

(20 salaries)

₹1.8 L/yr - ₹3 L/yr

Purchase Engineer Salary

(6 salaries)

₹4.05 L/yr - ₹7.4 L/yr

Assistant Engineer Salary

(48 salaries)

₹1.5 L/yr - ₹3.6 L/yr

Top skills at Lakshmi Machine Works for Strategic Sourcing Engineer

Cost Reduction Procurement Strategic Sourcing Negotiation Vendor Development Supply Chain Supplier Management Spend Analysis

Salary related reviews for Lakshmi Machine Works

Purchase Engineer in Coimbatore

Full Time

Procurement & Supply Chain Department

1.0

• posted on 12 Sep 2023

3.0

for Salary and Benefits

Likes

No positives

Dislikes

...agers frequently bothering even during medical leave due to system shortcomings. High attrition rates plague SCM, exacerbated by attractive salary offers that ultimately lead to rapid resignations due to this culture less working environment. Prospective employees are requested to thoroughly investigate before joining or don't consider this organization.

Senior Engineer in Pune

Customer Service Department Department

4.0

• posted on 21 Dec 2019

3.0

for Salary and Benefits

Likes

Colleagues here are helpful and good to work with, you can learn a lot and gain vital experience. Company has good credit and one of the prominent names in the industry.

Dislikes

Growth is slow, compensation and increments are also average. Managers don’t value suggestions, laid back attitude.

Technical Sales Engineer in Pune

Full Time

Sales & Business Development Department

2.0

• posted on 06 Oct 2023

4.0

for Salary and Benefits

Likes

For sales and service traveling expenses are really good. New joiners gets attractive packages.

Dislikes

No value for old employees. Less appraisal. Salary of loyal employees will be very less compared to new joiners.

System Incharge in Coimbatore

Full Time

Engineering - Software & QA Department

3.0

• posted on 30 Dec 2022

2.0

for Salary and Benefits

Likes

Ya best company to work but the one below management is very very poor. Can learn lot of things and can take the product owner ship but work life balance is very worst in the present management. And need to work only for one person in the company not for the betterment of company growth. And work life balance is very very very poor.

Dislikes

Salary, work life balance and very worst culture

Engineer in Coimbatore

Full Time

Production, Manufacturing & Engineering Department

4.0

• posted on 12 Feb 2023

4.0

for Salary and Benefits

Likes

Salary and Other supports by the management are Highlights.

Dislikes

Employees will show every day that its a naidu concern. They don't worry about the communication. How worst is they talk in telegu in a meeting , even team things inside the team.

see more salary related reviews

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Salary Discussions, Hike & Promotions

a technical project manager

Deadend

Hi, I'm here to share a part of my journey from the past 12 years in my career, I started from a package of 3.6LPA in 2013 at iGate and due to a few bad decisions on my career and worthless advices from people who are always pessimistic about the industry, I switched two companies and landed in a start-up with 2.4LPA. I worked hard nearly 8-16hrs a day single handed researched, built and managed an entire vertical of a project for 8 years. When the company didn't value my contribution and thought I was too young to become a manager, I had a package of 6LPA and Senior developer in designation. I switched for obvious reasons to a TL role for 12LPA and now at the same company I'm a TPM on the basis of my contribution with 48LPA as a fixed component. I feel outclassed in terms of having a fancy CV with certifications, I feel like CTC has hit a peak with 48LPA being fixed and nearly 40% in Variable. Most companies are hesitant to hire me because of this. What should be my next move?

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Lakshmi Machine Works Strategic Sourcing Engineer Salary FAQs

What is the salary of Strategic Sourcing Engineer at Lakshmi Machine Works?

Strategic Sourcing Engineer salary at Lakshmi Machine Works in India ranges between ₹4.1 Lakhs to ₹5.5 Lakhs for experience between 3 years to 6 years. According to our estimates it is 8% less than the average Strategic Sourcing Engineer Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Lakshmi Machine Works India.

How does the salary of a Strategic Sourcing Engineer at Lakshmi Machine Works India compare with the average salary range for this job?

The average salary of a Strategic Sourcing Engineer at Lakshmi Machine Works is 8% less than the average salary of a Strategic Sourcing Engineer in India. To know exact salary insights, login to view.

What are the top skills required to work as a Strategic Sourcing Engineer at Lakshmi Machine Works?

Cost Reduction, Procurement, Strategic Sourcing, Negotiation and Vendor Development are some of the popular skills required to work as a Strategic Sourcing Engineer at Lakshmi Machine Works India.

Which similar companies are paying more than Lakshmi Machine Works to a Strategic Sourcing Engineer in India?

HYOSUNG T&D Strategic Sourcing Engineer Salary - ₹3.5 Lakhs to ₹9.8 Lakhs per year
Tech Mahindra Strategic Sourcing Engineer Salary - ₹4.7 Lakhs to ₹8.0 Lakhs per year
HCLTech Strategic Sourcing Engineer Salary - ₹3.5 Lakhs to ₹7.9 Lakhs per year

What is the salary of a Strategic Sourcing Engineer in companies similar to Lakshmi Machine Works in India?

Duroshox Strategic Sourcing Engineer Salary - ₹2.3 Lakhs to ₹6.8 Lakhs per year
TCS Strategic Sourcing Engineer Salary - ₹4.6 Lakhs to ₹4.6 Lakhs per year

What is the estimated take home salary of a Strategic Sourcing Engineer at Lakshmi Machine Works in India?

The estimated take-home salary of a Strategic Sourcing Engineer at Lakshmi Machine Works ranges between ₹38,006 per month to ₹39,201 per month in India. The take-home salary calculation is based on the average Lakshmi Machine Works Strategic Sourcing Engineer salary in India which ranges between ₹4.1 Lakhs to ₹5.5 Lakhs per year for employees with experience between 3 years to 6 years. Check how did we calculate take home salary?

What is the notice period for Strategic Sourcing Engineer at Lakshmi Machine Works?

According to AmbitionBox, 50% of the Lakshmi Machine Works Strategic Sourcing Engineers reported a notice period of 2 Months, 25% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 4 responses on AmbitionBox in last 2 years.

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Lakshmi Machine Works Strategic Sourcing Engineer Salaries

Lakshmi Machine Works Strategic Sourcing Engineer salary in India ranges between ₹4.1 Lakhs to ₹5.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Lakshmi Machine Works latest salaries received from various employees of Lakshmi Machine Works.