Global Sourcing Manager Salary
A Global Sourcing Manager earns an average salary of $92,511 per year.
|Salary||$64,655 - $123,211|
|Bonus||$1,026 - $14,867|
|Profit Sharing||$1,521 - $14,933|
|Total Pay (||$64,284 - $128,105|
Job Description for Global Sourcing Manager
Global sourcing managers oversee their company's service and materials sourcing teams. They travel frequently both domestically and internationally. They are responsible for establishing and maintaining efficiency within the supply chain structure, as well as compliance with regulatory bodies and best practices standards. These managers set goals and create motivations for their teams, as well as ensure synchronization of action from the start of the supply chain to completion. In order to ensure uninterrupted supplies of materials and services, global sourcing managers should be able to foster close relationships with vendors and partners and be able to communicate their value to the company. They must provide guidance and leadership to their team, as well as disciplinary action when necessary.Read More...
Extensive experience with sourcing is generally required for this position. Fluency with at least one language other than English is generally needed as well, with two or more preferred. An understanding of other cultures and excellent interpersonal skills are needed as well. Global sourcing managers generally work full time in an office setting during regular business hours, although alternative and/or additional hours may be required, as this individual's responsibilities extend across multiple time zones.
Global Sourcing Manager Tasks
- Plan and implement strategic global sourcing plan.
- Lead, coordinate and support project teams.
- Develop and improve supply chain.
- Research and analyze supply market.
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Pay by Experience Level for Global Sourcing Manager
Pay by Experience for a Global Sourcing Manager has a positive trend. An entry-level Global Sourcing Manager with less than 5 years of experience can expect to earn an average total compensation of $80,000 based on 45 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Global Sourcing Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $96,000 based on 89 salaries. An experienced Global Sourcing Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $100,000 based on 95 salaries. A Global Sourcing Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $113,000 based on 27 salaries.
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