Sr. Strategic Sourcing Manager Salary

Salaries for Senior Strategic Sourcing Managers in the United States are generous, with average pay above six figures ($106K) per year. Cash earnings for Senior Strategic Sourcing Managers — including $24K in bonuses and $12K in profit sharing proceeds near the top of the pay scale — generally stretch from $78K to $152K depending on individual performance. Geography and career duration each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. Almost all receive medical and dental insurance and a large number get vision insurance. Generally, women make up less than a third of all Senior Strategic Sourcing Managers who answered the questionnnaire.

$74,364 - $134,173
(Median)
$74K
$110K
$130K
MEDIAN: $106,423
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
$74,364 - $134,173  
   
Bonus
$1,939 - $23,703  
Profit Sharing
$1,944 - $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).
)
$78,211 - $151,840  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 381

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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.

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Popular Skills for Sr. Strategic Sourcing Manager


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. The majority of those who know 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.


Individuals with less than five years' experience take home around $87K. In contrast, though, people who have been on the job for five to 10 years report a six-figure median of $107K. People with 10 to 20 years of experience make an average of about $127K in this role. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $120K.

Related Job Salaries

United States (change)

Experience Affects Sr. Strategic Sourcing Manager Salaries



National Average
$118,000


Entry-Level
up arrow 26%

Skills That Affect Sr. Strategic Sourcing Manager Salaries

Contract Negotiation
up arrow 1%

National Average
$118,000

Supplier Management
up arrow 1%

Negotiation
up arrow 1%

Project Management
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 93 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%
vision benefits Vision: 83% employee benefits None: 3%