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Director, Strategic Sourcing Salary

Average Directors of Strategic Sourcing in the United States make around $127K per year. In the world of Directors of Strategic Sourcing, overall cash allowance can occasionally include more than $38K from bonuses and, in some exceptional cases, $28K from profit sharing, causing incomes to vary widely between $96K and $200K. Residence and tenure each impact pay for this group, with the former having the largest influence. The majority of Directors of Strategic Sourcing claim high levels of job satisfaction. Male Directors of Strategic Sourcing far outnumber their female contemporaries among those who completed the questionnaire. Almost all get medical and dental insurance, and a large number get vision plans, too. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$88,275 - $163,381
(Median)
$88K
$130K
$160K
MEDIAN: $126,604
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
$88,275 - $163,381  
   
Bonus
$5,074 - $37,881  
Profit Sharing
$2,215 - $27,575  
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).
)
$95,987 - $199,886  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 222
United States (change)

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


Survey results show that Directors of Strategic Sourcing typically report just a few professional skills. Most notably, skills in Strategic Planning, Negotiation, Contract Negotiation, and Vendor Management are correlated to pay that is above average. Skills that pay less than market rate include Vendor Management. It is often found that people who know Contract Negotiation are also skilled in Negotiation.

Related Job Salaries

Experience Affects Director, Strategic Sourcing Salaries



National Average
$144,000

Mid-Career
up arrow 10%

Skills That Affect Director, Strategic Sourcing Salaries

Strategic Planning
up arrow 5%

Contract Negotiation
up arrow 3%

Negotiation
up arrow 3%

National Average
$144,000

Vendor Management
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 55 votes.

Gender

Female
18 %
Male
82 %

Years of Experience

1-4 years
3%
5-9 years
13%
10-19 years
51%
20 years or more
34%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 93%
vision benefits Vision: 81% employee benefits None: 3%