Sr. Strategic Sourcing Manager Salary

Compensation for Senior Strategic Sourcing Managers in the United States is generous, with average pay surpassing six figures annually ($107K). Including potential for bonuses and profit sharing — peaking near $24K and $12K, respectively — total cash payment to Senior Strategic Sourcing Managers can bottom out near $78K or peak near $153K depending on individual performance. Residence is the biggest factor affecting pay for this group, followed by career length. Making up 74 percent of those who took the survey, male Senior Strategic Sourcing Managers greatly outnumber their female counterparts. Nearly all report receiving medical and dental coverage from their employers and most collect vision insurance. Job satisfaction is high and work is enjoyable for most Senior Strategic Sourcing Managers. This overview is based on answers to PayScale's salary questionnaire.

$74,311 - $135,304
(Median)
$74K
$110K
$140K
MEDIAN: $107,094
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Salary
$74,311 - $135,304  
   
Bonus
$1,548 - $24,376  
Profit Sharing
$1,939 - $12,080  
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).
)
$78,127 - $153,105  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 374
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Job Description for Sr. Strategic Sourcing Manager

Senior strategic sourcing managers create effective strategies for identifying and driving sourcing initiatives for their company. They are in charge of analyzing current and new products or services to identify new sourcing opportunities. In addition, they communicate with external partners and cross-functional teams, as well as identify possible problems and resolve them in a timely manner. One of their main tools include a personal computer to communicate with colleagues and create sourcing reports.

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Sr. Strategic Sourcing Manager Tasks

  • Lead bidding process and ensure quality and cost goals are met.
  • Report on actual costs, negotiation opportunities and overall strategic plan for sourcing, logistics, and return on investment (ROI).
  • Analyze data to identify opportunities to reduce costs, negotiate and manage existing providers.
  • Develop and lead implementation of sourcing strategies, procurement, and process flow throughout the organization.
  • Ensure compliance to existing contracts and service levels.

Common Career Paths for Sr. Strategic Sourcing Manager


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It is somewhat unusual to come across Senior Strategic Sourcing Managers who move on to become Directors of Strategic Sourcing, but it does happen from time to time, and the median salary for that position sits slightly higher at $133K.

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Popular Skills for Sr. Strategic Sourcing Manager


Survey takers who work as Senior Strategic Sourcing Managers report a focused set of job skills. Most notably, skills in Contract Negotiation, Negotiation, Supplier Management, and Project Management are correlated to pay that is above average. Skills that seem to negatively impact pay include Project Management. Most people experienced in Contract Negotiation also know Project Management.

Pay by Experience Level for Sr. Strategic Sourcing Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


The relatively untested earn a median of $88K per year, but survey respondents who have racked up five to 10 years of experience report a six-figure median of $107K. The average pay reported by folks with 10 to 20 years of experience is around $128K. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $121K by contrast.

Related Job Salaries

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Experience Affects Sr. Strategic Sourcing Manager Salaries



National Average
$119,000


Entry-Level
up arrow 26%

Skills That Affect Sr. Strategic Sourcing Manager Salaries

Contract Negotiation
up arrow 1%

National Average
$119,000

Negotiation
up arrow 1%

Supplier Management
up arrow 2%

Project Management
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 86 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

1-4 years
4%
5-9 years
26%
10-19 years
45%
20 years or more
24%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 93%
vision benefits Vision: 84% employee benefits None: 3%
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