Sr. Strategic Sourcing Manager Salary

Six-figure salaries are the norm for Senior Strategic Sourcing Managers in the United States, with median pay hovering around $107K 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 $153K depending on individual performance. Location and years of experience each impact pay for this group, with the former having the largest influence. Generally, women make up less than a third of all Senior Strategic Sourcing Managers who answered the questionnnaire. Almost all enjoy medical and dental coverage in this occupation, and a large number get vision benefits. Job satisfaction is reported as high by the vast majority of workers. The information for this snapshot was generated by responses to the PayScale salary survey.

$74,247 - $134,804
(Median)
$74K
$110K
$130K
MEDIAN: $107,004
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
$74,247 - $134,804  
   
Bonus
$1,541 - $24,120  
Profit Sharing
$1,934 - $12,164  
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).
)
$77,987 - $152,556  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 371
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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 $135K per year.

Sr. Strategic Sourcing Manager Job Listings

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Popular Skills for Sr. Strategic Sourcing Manager


Senior Strategic Sourcing Managers typically list a handful of skills they use on the job. Most notably, skills in Contract Negotiation, Negotiation, Supplier Management, and Project Management are correlated to pay that is above average. Skills that pay less than market rate include Project Management. Those familiar with Contract Negotiation also tend to 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.


Relatively untried employees who have less than five years' experience make $88K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $107K. The average pay reported by folks with 10 to 20 years of experience is around $128K. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $121K.

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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 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 85 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

1-4 years
4%
5-9 years
27%
10-19 years
45%
20 years or more
24%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 93%
vision benefits Vision: 83% employee benefits None: 3%
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