Sourcing Manager, Manufacturing Salary
|Salary||$48,706 - $103,042|
|Bonus||$100.00 - $12,000|
|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).)
|$45,313 - $111,302|
Job Description for Sourcing Manager, Manufacturing
- Negotiate contracts and procurement agreements with suppliers.
- Oversee and coordinate teams from several departments.
- Manage expenses, cost reduction, and productivity.
- Develop procurement strategies and development plans.
- Select suppliers and ensure quality through regular evaluation.
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Pay by Experience Level for Sourcing Manager, Manufacturing
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Manufacturing Sourcing Managers do not generally earn higher incomes from more experience in the field. Relatively untried employees who have less than five years' experience make $65K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $75K. The average pay reported by folks with 10 to 20 years of experience is around $85K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $91K.
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