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Director, Strategic Sourcing Salary

Median pay for Directors of Strategic Sourcing in the United States is around $128K per year. Total cash compensation to Directors of Strategic Sourcing bottoms out near $98K and approaches $199K on the high end; the biggest paychecks include approximately $38K from bonuses and almost $33K from profit sharing. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. Making up 79 percent of those who took the survey, male Directors of Strategic Sourcing greatly outnumber their female counterparts. Medical and dental benefits are awarded to almost all, and a large number earn vision coverage. This overview is based on answers to PayScale's salary questionnaire.
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$90,384 - $165,289
(Median)
$90K
$130K
$170K
MEDIAN: $128,219
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$70K$140K$210K
Salary
$90,384 - $165,289  
   
Bonus
$5,103 - $38,497  
Profit Sharing
$3,750 - $32,500  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$97,759 - $199,391  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 224

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Job Description for Director, Strategic Sourcing

Directors of strategic sourcing provide executive leadership related to strategic procurement within their organization. Most of their work revolves around communicating with other employees and clients. These professionals are responsible for negotiating with executives in other organizations to achieve desired outcomes, attending internal meetings to develop strategic policy within the organization, and helping create and implement internal sourcing strategies. They must perform supplier management and development, as well as accurately asses suppliers' capabilities as they relate to company needs.

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Director, Strategic Sourcing Tasks

  • Negotiate contracts with vendors for the purchase and delivery of goods.
  • Research vendors to determine which suppliers have the best prices, reliability, and quality.
  • Lead efforts to improve supply chain efficiency, maintain product quality standards, and reduce costs.
  • Manage a company‚Äôs purchase of supplies and lead the development and implementation of procurement strategies.
  • Supervise and direct the work of strategic sourcing personnel.

Director, Strategic Sourcing Job Listings

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Popular Skills for Director, Strategic Sourcing


Directors of Strategic Sourcing report using a diverse set of skills on the job. Most notably, skills in Strategic Planning, Negotiation, Procurement, and Contract Negotiation are correlated to pay that is above average, with boosts of 5 percent, 4 percent, 3 percent, and 3 percent, respectively. Skills that pay less than market rate include Vendor Management. Those familiar with Contract Negotiation also tend to know Negotiation.

Related Job Salaries

United States (change)

Experience Affects Director, Strategic Sourcing Salaries



National Average
$147,000

Mid-Career
up arrow 12%

Skills That Affect Director, Strategic Sourcing Salaries


Negotiation
up arrow 4%

Contract Negotiation
up arrow 3%

Procurement
up arrow 3%

National Average
$147,000

Vendor Management
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 44 votes.

Gender

Female
21 %
Male
79 %

Years of Experience

1-4 years
3%
5-9 years
11%
10-19 years
53%
20 years or more
33%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 92%
vision benefits Vision: 81% employee benefits None: 3%