Salaries for Senior Strategic Sourcing Managers in the United States are generous, with average pay above six figures ($110K) per year. In the world of Senior Strategic Sourcing Managers, total cash compensation can vary between $81K and $159K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $27K and $10K, respectively. Geography is the biggest factor affecting pay for this group, followed by years of experience. In this profession, nearly all enjoy medical and dental coverage, and most have vision insurance, as well. Men make up the majority of Senior Strategic Sourcing Managers (66 percent) survey respondents. Job satisfaction is reported as high by the vast majority of workers. The data for this synopsis comes from respondents who took the PayScale salary survey.

$79,231 - $145,975
$79K
$110K
$150K
MEDIAN: $109,955
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
$79,231 - $145,975  
   
Bonus
$2,936 - $26,916  
Profit Sharing
$0.00 - $10,155  
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).
)
$81,278 - $158,899  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 232

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United States (change)

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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

  • Develop and lead implementation of sourcing strategies, procurement, and process flow throughout the organization.
  • Ensure compliance to existing contracts and service levels.
  • Analyze data to identify opportunities to reduce costs, negotiate and manage existing providers.
  • 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).

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 $136K.

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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 Negotiation, Supplier Management, Contract Negotiation, and Project Management are correlated to pay that is above average. At the other end of the pay range are skills like Procurement and Sourcing. Those educated in Contract Negotiation tend to be well versed in Project Management.

Pay by Experience Level for Sr. Strategic Sourcing Manager

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


Relatively untried employees who have less than five years' experience make $97K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $111K. Senior Strategic Sourcing Managers who work for 10 to 20 years in their occupation tend to earn about $126K. Senior Strategic Sourcing Managers who claim more than two decades of experience actually make somewhat smaller average paychecks of $124K.

Pay Difference by Location

National Average: $117,952

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

Surpassing the national average by 30 percent, Senior Strategic Sourcing Managers in San Jose receive some of the highest pay in the country. Senior Strategic Sourcing Managers can also look forward to large paychecks in cities like San Francisco (+25 percent), Dallas (+24 percent), Seattle (+14 percent), and Charlotte (+14 percent). One of the biggest compensable factors for Senior Strategic Sourcing Managers is geography, with workers in Columbus earning a whopping 26 percent below the national average. Employers in Pittsburgh and St. Louis also lean toward paying below-median salaries (25 percent lower and 12 percent lower, respectively).

Related Job Salaries

Key Stats for Sr. Strategic Sourcing Manager

Gender

Female
34 %
Male
66 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.
057
1-4 years
6%
5-9 years
16%
10-19 years
57%
20 years or more
20%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Sr. Strategic Sourcing Manager Salaries



National Average
$118,000



Skills That Affect Sr. Strategic Sourcing Manager Salaries

Negotiation
0%

National Average
$118,000




Sourcing
up arrow 7%

Procurement
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

1-4 years
6%
5-9 years
16%
10-19 years
57%
20 years or more
20%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 89%
vision benefits
Vision: 86%
dental benefits
None: 5%
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