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Sr. Strategic Sourcing Manager Salary

Generous salaries abound for Senior Strategic Sourcing Managers in the United States, with average pay above six figures ($107K) per year. Overall cash earnings for Senior Strategic Sourcing Managers stretch from $78K on the lower end to $152K near the top, and the heftiest packages can encompass around $24K from bonuses and $12K from profit sharing. Geography is the biggest factor affecting pay for this group, followed by career duration. Most Senior Strategic Sourcing Managers survey respondents are men (74 percent). Job satisfaction is high and work is enjoyable for most Senior Strategic Sourcing Managers. Medical and dental coverage is claimed by nearly all, and most earn vision coverage.

$74,343 - $134,748
(Median)
$74K
$110K
$130K
MEDIAN: $106,678
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
$74,343 - $134,748  
   
Bonus
$1,939 - $23,703  
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).
)
$78,456 - $152,275  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 380

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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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For Senior Strategic Sourcing Managers, advancing into a Director of Strategic Sourcing role, for which the median salary is $135K, is not common but it does happen.

Sr. Strategic Sourcing Manager Job Listings

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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. Skills that are correlated to lower pay, on the other hand, include Project Management. 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.


The average beginner in this position makes around $87K, but folks who have been around for five to 10 years see a markedly higher median salary of $107K. Senior Strategic Sourcing Managers see a median salary of $128K after reaching one to two decades on the job. For some reason, Senior Strategic Sourcing Managers with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $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%

Negotiation
0%

National Average
$118,000

Supplier Management
up arrow 1%

Project Management
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 89 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
23%

Common Health Benefits

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