Lakshmi Machine Works Strategic Sourcing Engineer Salaries by 4 Employees

3 - 6 years exp.

₹4.1 Lakhs - ₹5.5 Lakhs

Low Confidence

Salary of majority employees

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

Interested in this particular role?

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
Login to view exact salary
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
HYOSUNG T&D Strategic Sourcing Engineer Salary 3 - 5 years exp. (6 salaries)	₹3.5 L/yr - ₹9.8 L/yr 19% more
Duroshox Strategic Sourcing Engineer Salary 4 - 8 years exp. (4 salaries)	₹5 L/yr - ₹6.8 L/yr 26% more
Login to view exact salary
Schwing Stetter Strategic Sourcing Engineer Salary 1 - 6 years exp. (4 salaries)	₹3.2 L/yr - ₹5.5 L/yr 7% less
Ashok Leyland Strategic Sourcing Engineer Salary 3 - 6 years exp. (4 salaries)	₹3.1 L/yr - ₹5.1 L/yr 19% less
NRB Bearings Strategic Sourcing Engineer Salary 5 - 7 years exp. (4 salaries)	₹4.3 L/yr - ₹6.4 L/yr 8% more

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 - ₹7.6 L/yr
4 years (AmbitionBox Estimate)	₹4.2 L/yr - ₹5.3 L/yr
Login to view exact salary
5 years (AmbitionBox Estimate)	₹2 L/yr - ₹5.5 L/yr
6 years (AmbitionBox Estimate)	₹2.2 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

(239 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

(19 salaries)

₹1.8 L/yr - ₹3 L/yr

Purchase Engineer Salary

(6 salaries)

₹4.05 L/yr - ₹7.4 L/yr

Assistant Engineer Salary

(44 salaries)

₹1.8 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

Promotions - Good

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.

Skill development - Bad

+3 more

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.

Skill development - Good

+1 more

Dislikes

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

Promotions - Poor

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.

Salary - Good

+3 more

Dislikes

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

Skill development - Poor

+2 more

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.

Skill development - Good

Dislikes

Salary, work life balance and very worst culture

Salary - Poor

+4 more

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.

Salary - Good

+1 more

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.

Skill development - Poor

+3 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

Got a question about Lakshmi Machine Works?

Ask anonymously on communities.

Lakshmi Machine Works Strategic Sourcing Engineer Salary FAQs

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

The average salary of a Strategic Sourcing Engineer at Lakshmi Machine Works in India typically ranges from ₹4.1 Lakhs to ₹5.5 Lakhs per year, depending on experience (from 3 years to 6 years).

The top 10% of Strategic Sourcing Engineer at Lakshmi Machine Works earn more than ₹5.5 Lakhs per year, and the top 1% earn over ₹5.5 Lakhs per year. Strategic Sourcing Engineer Salaries at Lakshmi Machine Works can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 4 Lakshmi Machine Works employees in India.

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 in India typically ranges from ₹36,300 to ₹37,521 per month. This is based on the average salary range of ₹4.1 Lakhs to ₹5.5 Lakhs per year for employees with experience ranging from 3 years to 6 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 4 salaries received from various employees of Lakshmi Machine Works. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Strategic Sourcing Engineer at Lakshmi Machine Works ?

To be a Strategic Sourcing Engineer at Lakshmi Machine Works in india, the key skills required include:

- Cost Reduction
- Procurement
- Strategic Sourcing
- Negotiation
- Vendor Development

These skills are highly valued at Lakshmi Machine Works and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than Lakshmi Machine Works for Strategic Sourcing Engineer in India?

Duroshox	₹5.0 Lakhs to ₹6.8 Lakhs per year
HYOSUNG T&D	₹3.5 Lakhs to ₹9.8 Lakhs per year
NRB Bearings	₹4.3 Lakhs to ₹6.4 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by Lakshmi Machine Works, depending on the role and experience level.

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

The salary of a Strategic Sourcing Engineer at companies similar to Lakshmi Machine Works in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Schwing Stetter	₹3.2 Lakhs to ₹5.5 Lakhs per year
Ashok Leyland	₹3.1 Lakhs to ₹5.1 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Strategic Sourcing Engineer at Lakshmi Machine Works in India?

The salary growth for a Strategic Sourcing Engineer at Lakshmi Machine Works depends on factors such as experience, performance, and promotions. On average, a Strategic Sourcing Engineer can expect the following growth trajectory at Lakshmi Machine Works:

Experience	Average Salary Range
3 years	₹4.1 Lakhs to ₹7.6 Lakhs per year
4 years	₹4.2 Lakhs to ₹5.3 Lakhs per year
5 years	₹2.0 Lakhs to ₹5.5 Lakhs per year
6 years	₹2.2 Lakhs to ₹5.5 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
Lakshmi Machine Works Salaries >
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.