diff --git a/inference-engine/tests/functional/plugin/conformance/subgraphs_dumper/README.md b/inference-engine/tests/functional/plugin/conformance/subgraphs_dumper/README.md
index 1f21dd1c07f..07b50de8409 100644
--- a/inference-engine/tests/functional/plugin/conformance/subgraphs_dumper/README.md
+++ b/inference-engine/tests/functional/plugin/conformance/subgraphs_dumper/README.md
@@ -17,6 +17,7 @@ Outcome of a build is a `subgrpahsDumper` binary located in building artifacts f
 ## Running
 The tool takes two command line parameters:    
 * `--input_folders` - Required. Comma separated paths to the input folders with IRs
+* `--local_cache` - Optional. Comma separated paths to the local cache folders with IRs.
 * `--output_folder` - Required. Path to the output folders where to serialize IRs
 * `--path_regex` - Optional. regular expression to be applied in input folders recursive discovery
 * `--constants_size_threshold` - Optional. Maximum size of constant in megabytes to be serialized.
diff --git a/inference-engine/tests/functional/plugin/conformance/subgraphs_dumper/include/gflag_config.hpp b/inference-engine/tests/functional/plugin/conformance/subgraphs_dumper/include/gflag_config.hpp
index c37e45c445b..13ad0007de7 100644
--- a/inference-engine/tests/functional/plugin/conformance/subgraphs_dumper/include/gflag_config.hpp
+++ b/inference-engine/tests/functional/plugin/conformance/subgraphs_dumper/include/gflag_config.hpp
@@ -9,6 +9,7 @@
 
 static const char help_message[] = "Print a usage message.";
 static const char input_folders_message[] = "Required. Comma separated paths to the input folders with IRs";
+static const char local_cache_message[] = "Optional. Comma separated paths to the local cache folders with IRs";
 static const char output_folder_message[] = "Required. Path to the output folders where to serialize IRs";
 static const char path_regex_message[] = "Optional. regular expression to be applied in input "
                                          "folders recursive discovery";
@@ -21,7 +22,8 @@ static const char eliminate_dynamism_message[] = "Optional. If specified dynamic
                                                  "and replaced by propagated upper bound values (if possible)";
 
 DEFINE_bool(h, false, help_message);
-DEFINE_string(input_folders, ".", input_folders_message);
+DEFINE_string(input_folders, "", local_cache_message);
+DEFINE_string(local_cache, ".", input_folders_message);
 DEFINE_string(output_folder, "output", output_folder_message);
 DEFINE_string(path_regex, ".*", output_folder_message);
 DEFINE_double(constants_size_threshold, 1., constants_size_threshold_message);
@@ -37,6 +39,7 @@ static void showUsage() {
     std::cout << "\n";
     std::cout << "    -h                                     " << help_message << "\n";
     std::cout << "    --input_folders \"<path>\"             " << input_folders_message << "\n";
+    std::cout << "    --local_cache \"<path>\"               " << input_folders_message << "\n";
     std::cout << "    --output_folder \"<path>\"             " << output_folder_message << "\n";
     std::cout << "    --path_regex \"<path>\"                " << path_regex_message << "\n";
     std::cout << "    --constants_size_threshold \"<value>\" " << constants_size_threshold_message << "\n";
diff --git a/inference-engine/tests/functional/plugin/conformance/subgraphs_dumper/src/main.cpp b/inference-engine/tests/functional/plugin/conformance/subgraphs_dumper/src/main.cpp
index 0bd42bf169d..16f8f55a98b 100644
--- a/inference-engine/tests/functional/plugin/conformance/subgraphs_dumper/src/main.cpp
+++ b/inference-engine/tests/functional/plugin/conformance/subgraphs_dumper/src/main.cpp
@@ -19,17 +19,8 @@
 #include <stdlib.h>
 #include <string.h>
 
-int main(int argc, char *argv[]) {
-    uint8_t ret_code = 0;
-
-    gflags::ParseCommandLineNonHelpFlags(&argc, &argv, true);
-    if (FLAGS_h) {
-        showUsage();
-        return 0;
-    }
-    SubgraphsDumper::ClonersMap::constant_size_threshold_mb = FLAGS_constants_size_threshold;
+std::vector<SubgraphsDumper::Model> findModelsInDirs(const std::vector<std::string> &dirs) {
     std::vector<std::string> input_folder_content;
-    std::vector<std::string> dirs = CommonTestUtils::splitStringByDelimiter(FLAGS_input_folders);
     for (const auto &dir : dirs) {
         if (!CommonTestUtils::directoryExists(dir)) {
             std::string msg = "Input directory (" + dir + ") doesn't not exist!";
@@ -51,9 +42,13 @@ int main(int argc, char *argv[]) {
         std::string msg = "Output directory (" + FLAGS_output_folder + ") doesn't not exist!";
         throw std::runtime_error(msg);
     }
+    return models;
+}
 
+void cacheModels(std::unique_ptr<SubgraphsDumper::OPCache> &cache,
+                 uint8_t& ret_code,
+                 const std::vector<SubgraphsDumper::Model>& models) {
     auto ie = InferenceEngine::Core();
-    auto cache = SubgraphsDumper::OPCache::make_cache();
     time_t rawtime;
     struct tm *timeinfo;
     char buffer[20];
@@ -92,6 +87,27 @@ int main(int argc, char *argv[]) {
             }
         }
     }
+}
+
+
+int main(int argc, char *argv[]) {
+    uint8_t ret_code = 0;
+
+    gflags::ParseCommandLineNonHelpFlags(&argc, &argv, true);
+    if (FLAGS_h) {
+        showUsage();
+        return 0;
+    }
+    SubgraphsDumper::ClonersMap::constant_size_threshold_mb = FLAGS_constants_size_threshold;
+
+    std::vector<std::string> local_cache_dirs = CommonTestUtils::splitStringByDelimiter(FLAGS_local_cache);
+    std::vector<std::string> dirs = CommonTestUtils::splitStringByDelimiter(FLAGS_input_folders);
+    auto cachedOps = findModelsInDirs(local_cache_dirs);
+    auto models = findModelsInDirs(dirs);
+
+    auto cache = SubgraphsDumper::OPCache::make_cache();
+    cacheModels(cache, ret_code, cachedOps);
+    cacheModels(cache, ret_code, models);
     cache->serialize_cached_ops(FLAGS_output_folder);
 
     return ret_code;