Director, Strategic Sourcing Salary

The average Director of Strategic Sourcing in the United States can expect to rake in roughly $128K annually. The range in cash compensation to Directors of Strategic Sourcing ($85K to $187K) includes potential earnings of $34K each from bonuses and profit sharing in exceptional cases. Location is the biggest factor affecting pay for this group, followed by career duration. The majority of Directors of Strategic Sourcing (63 percent) survey respondents are male. In this profession, nearly all enjoy medical and dental coverage, and a strong majority have vision insurance, as well. Job satisfaction is high and work is enjoyable for most Directors of Strategic Sourcing. This snapshot results from replies to PayScale's salary survey.
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$82,323 - $161,522
$82K
$130K
$160K
MEDIAN: $128,100
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
$82,323 - $161,522  
   
Bonus
$7,871 - $33,664  
Profit Sharing
$0.00 - $34,392  
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).
)
$85,203 - $186,888  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 161

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United States (change)

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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

  • 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.

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Popular Skills for Director, Strategic Sourcing


Directors of Strategic Sourcing who responded to the survey report just a handful of professional skills. Most notably, skills in Negotiation, Procurement, Contract Negotiation, and Strategic Planning are correlated to pay that is above average. Skills that pay less than market rate include Vendor Management and Strategic Planning. Those educated in Contract Negotiation tend to be well versed in 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.

Related Job Salaries

Key Stats for Director, Strategic Sourcing

Gender

Female
37 %
Male
63 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.
Less than 1 year
2%
1-4 years
2%
5-9 years
14%
10-19 years
56%
20 years or more
26%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Director, Strategic Sourcing Salaries

▲11%

▲3%

National Average
$141,000

▼2%

Entry-Level
▼29%

Skills That Affect Director, Strategic Sourcing Salaries

▲2%

Procurement
▼0%

National Average
$141,000



Vendor Management
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 19 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
2%
1-4 years
2%
5-9 years
14%
10-19 years
56%
20 years or more
26%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 88%
vision benefits
Vision: 75%
no benefits
None: 7%
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