International Sourcing Manager Salary
The average salary for an International Sourcing Manager is $78,857 per year. Most people in this job have more than five years' experience in related jobs.
Job Description for International Sourcing Manager
International sourcing managers must make sure that their international suppliers or sources are efficient in terms of low-cost skilled labor and low-cost raw material. Many employers hire only candidates with a bachelor’s degree in management, business, finance, marketing, or accounting. However, some companies may accept candidates with significant years of experience in lieu of a bachelor's degree.Read More...
They are often required to be proficient in the use of Microsoft Office and relevant software that is used by their organization. International sourcing managers must be able to identify efficiency in economic factors, such as tax breaks and low international trade tariffs. They must make sure that their global sources follow international laws relevant to child labor and employee safety. They must make sure that their international sources are reliable and ethical in terms of product quality and delivery.
They must be sensitive to other countries’ cultures. They must have general knowledge of international business laws. They must be able to work as a team. They interact closely with engineering design teams on new product development. They must work closely with legal teams. They must have leadership and managerial skills. They must have excellent presentation and interpersonal skills. They must have good oral and written communication skills. They must keep themselves up to date with relevant product trends in their industry. They may be required to mentor or coach junior international sourcing managers. It is important that they are flexible, since they are required to travel around the globe.
International Sourcing Manager Tasks
- Analyze market data to select new products, understand competition, and improve packaging.
- Identify vendors who can deliver quality, on-time products, and ensure multiple sources for key products.
- Evaluate supply chain and establish local or regional supply chains as needed.
- Evaluate and review factories, products, and supplies throughout the world.
- Negotiate and enforce contracts with vendors and suppliers.