Sr. Strategic Sourcing Manager Salary

Wages for Senior Strategic Sourcing Managers in the United States are generous, with average pay above six figures ($109K) per year. In the world of Senior Strategic Sourcing Managers, total cash compensation can vary between $78K and $156K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $25K and $12K, respectively. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Almost all claim medical and dental insurance and a large number get vision coverage. Most Senior Strategic Sourcing Managers survey respondents are men (74 percent). Most Senior Strategic Sourcing Managers report high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$75,067 - $138,060
(Median)
$75K
$110K
$140K
MEDIAN: $109,211
10%
50%
90%

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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$60K$120K$180K
Salary
$75,067 - $138,060  
   
Bonus
$3,372 - $25,237  
Profit Sharing
$970 - $12,365  
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).
)
$78,230 - $155,861  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 395
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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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Senior Strategic Sourcing Managers often transition into upper-level roles like Director of Strategic Sourcing, for which the average compensation is $137K per year.

Sr. Strategic Sourcing Manager Job Listings

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Popular Skills for Sr. Strategic Sourcing Manager


Senior Strategic Sourcing Managers seem to require a number of specific skills. Most notably, skills in Contract Negotiation, Sourcing, Negotiation, and Supplier Management are correlated to pay that is above average. Skills that seem to negatively impact pay include Procurement. Most people familiar with 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.


Although employees with less than five years' experience earn around $89K on average, the five-to-10 year group has a much higher, six-figure median of $106K. Senior Strategic Sourcing Managers with one to two decades of relevant experience report an average salary of approximately $130K. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $122K.

Pay Difference by Location

National Average: $118,363

Larger city markers indicate a job is popular in that location.

Home to some of the best pay for Senior Strategic Sourcing Managers, San Jose offers exceptional salaries, 30 percent above the national average. Senior Strategic Sourcing Managers will also find cushy salaries in San Francisco (+21 percent), Seattle (+15 percent), Charlotte (+15 percent), and Houston (+13 percent). Place of residence plays a huge part in a Senior Strategic Sourcing Manager's salary, with Columbus Senior Strategic Sourcing Managers earning salaries that are 26 percent less than the national average. A couple other locations with smaller-than-average paychecks include Pittsburgh (21 percent lower) and St. Louis (12 percent lower).

Sr. Strategic Sourcing Manager Advice

What do you wish you knew about your job when you first started out?

Sr. Strategic Sourcing Manager in Exeter:
"Career Path, Did they have a Plan?"
Be very transparent and over communicate what you are accomplishing.

Related Job Salaries

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Experience Affects Sr. Strategic Sourcing Manager Salaries



National Average
$118,000


Entry-Level
up arrow 25%

Skills That Affect Sr. Strategic Sourcing Manager Salaries

Contract Negotiation
up arrow 1%

Negotiation
0%

Sourcing
0%

National Average
$118,000

Supplier Management
up arrow 2%

Project Management
up arrow 2%

Procurement
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 75 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

1-4 years
4%
5-9 years
26%
10-19 years
46%
20 years or more
24%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 93%
medical benefits
Vision: 84%
dental benefits
None: 3%
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