Director, Strategic Sourcing Salary

Directors of Strategic Sourcing in the United States pull down an average of $126K annually. Final cash compensation to Directors of Strategic Sourcing varies from around $87K to approximately $185K; choice pay grades include potential for bonuses and profit sharing as high as $35K and $24K, respectively. Location is the biggest factor affecting pay for this group, followed by career duration. Male Directors of Strategic Sourcing are more prevalent than women among those who took the survey — 62 percent of professionals. Medical and dental benefits are awarded to nearly all, and a strong majority earn vision coverage. Most Directors of Strategic Sourcing report high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$84,358 - $161,008
$84K
$130K
$160K
MEDIAN: $126,426
10%
50%
90%

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$0$185K
Salary $84,358 - $161,008
Bonus $7,288 - $34,659
Profit Sharing $0.00 - $24,161
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).
)
$86,728 - $185,200
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 156

Find Out Exactly What You Should Be Paid

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

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

Director, Strategic Sourcing Job Listings

Popular Skills for Director, Strategic Sourcing


Directors of Strategic Sourcing report using a pretty varied skill set on the job. Most notably, skills in Negotiation, Procurement, Contract Negotiation, and Strategic Planning are correlated to pay that is above average. Skills that seem to negatively impact pay include Vendor Management and Strategic Planning. Most people who know Contract Negotiation also know Negotiation.

Pay by Experience Level for Director, Strategic Sourcing

Pay by Experience for a Director, Strategic Sourcing has a positive trend. An entry-level Director, Strategic Sourcing with less than 5 years of experience can expect to earn an average total compensation of $100,000 based on 16 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Director, Strategic Sourcing with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $139,000 based on 38 salaries. An experienced Director, Strategic Sourcing which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $146,000 based on 97 salaries. A Director, Strategic Sourcing with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $156,000 based on 42 salaries.

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Key Stats for Director, Strategic Sourcing

Gender

Female
38 %
Male
62 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 21 votes.
Less than 1 year
1%
1-4 years
3%
5-9 years
11%
10-19 years
56%
20 years or more
29%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Director, Strategic Sourcing Salaries

▲13%

▲6%

▲1%

National Average
$138,000

Entry-Level
▼27%

Skills That Affect Director, Strategic Sourcing Salaries

▲5%

Procurement
▲2%


National Average
$138,000


Vendor Management
▼5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 21 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
1%
1-4 years
3%
5-9 years
11%
10-19 years
56%
20 years or more
29%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 87%
vision benefits
Vision: 76%
no benefits
None: 6%
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