Director, Strategic Sourcing Salary

Median pay for Directors of Strategic Sourcing in the United States lies in the neighborhood of $130K annually. Cash earnings for Directors of Strategic Sourcing — which occasionally include more than $37K from bonuses and more than $35K from profit sharing — stretch from around $94K to approximately $195K. Career duration is the biggest factor affecting pay for this group, followed by geography. Job satisfaction for Directors of Strategic Sourcing is high. Nearly all receive medical and dental insurance and a strong majority get vision plans. Generally, women make up less than a third of all Directors of Strategic Sourcing who answered the questionnnaire. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$88,878 - $164,595
(Median)
$89K
$130K
$160K
MEDIAN: $130,377
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$70K$140K$210K
Salary
$88,878 - $164,595  
   
Bonus
$5,157 - $36,962  
Profit Sharing
$450.00 - $35,000  
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).
)
$93,658 - $195,075  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 252
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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’s 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 note just a narrow range of job skills. Most notably, skills in Negotiation, Strategic Planning, Contract Negotiation, and Procurement are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Vendor Management. Most people familiar with Contract Negotiation also know Negotiation.

Pay by Experience Level for Director, Strategic Sourcing

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Directors of Strategic Sourcing with a lot of experience do not necessarily enjoy more money. Even the relatively untested can earn a lot; individuals who have been working for fewer than five years report a median six-figure salary of $109K per year. Directors of Strategic Sourcing see a median salary of $150K after reaching one to two decades on the job. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $156K.

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Experience Affects Director, Strategic Sourcing Salaries



National Average
$147,000


Entry-Level
up arrow 26%

Skills That Affect Director, Strategic Sourcing Salaries

Negotiation
up arrow 3%

Strategic Planning
up arrow 2%

Contract Negotiation
up arrow 1%

National Average
$147,000

Procurement
up arrow 3%

Vendor Management
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 38 votes.

Gender

Female
27 %
Male
73 %

Years of Experience

Less than 1 year
1%
1-4 years
4%
5-9 years
13%
10-19 years
50%
20 years or more
32%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 90%
medical benefits
Vision: 79%
dental benefits
None: 5%
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