Director, Strategic Sourcing Salary

The average Director of Strategic Sourcing in the United States can expect to rake in roughly $128K annually. With some bonuses and profit sharing proceeds approaching $35K each, total incomes of Directors of Strategic Sourcing generally range from $96K to $197K depending on individual performance. Geography is the biggest factor affecting pay for this group, followed by experience level. Most Directors of Strategic Sourcing survey respondents are men (76 percent). Nearly all get medical and dental insurance, and a strong majority get vision plans, too. Most Directors of Strategic Sourcing like their work and job satisfaction is high. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$88,433 - $165,822

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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
$88,433 - $165,822  
   
Bonus
$5,074 - $34,880  
Profit Sharing
$3,750 - $36,438  
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).
)
$95,923 - $196,789  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 223
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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.

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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 Negotiation, Strategic Planning, Contract Negotiation, and Procurement are correlated to pay that is above average. At the other end of the pay range are skills like Vendor Management. Most people familiar with Contract Negotiation also know Negotiation.

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Experience Affects Director, Strategic Sourcing Salaries



National Average
$147,000


Skills That Affect Director, Strategic Sourcing Salaries

Contract Negotiation
up arrow 2%

Strategic Planning
up arrow 2%

Negotiation
up arrow 2%

Procurement
up arrow 1%

National Average
$147,000

Vendor Management
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 33 votes.

Gender

Female
24 %
Male
76 %

Years of Experience

1-4 years
3%
5-9 years
13%
10-19 years
53%
20 years or more
32%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 91%
vision benefits Vision: 80% employee benefits None: 4%
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