Sr. Strategic Sourcing Manager Salary

Salaries for Senior Strategic Sourcing Managers in the United States are generous, with average pay above six figures ($107K) per year. With some bonuses approaching $24K and certain profit sharing proceeds approaching $12K, overall incomes of Senior Strategic Sourcing Managers spread between $78K and $152K depending on individual performance. Location and career duration each impact pay for this group, with the former having the largest influence. Most Senior Strategic Sourcing Managers survey respondents are men (74 percent). Almost all get medical and dental insurance, and a large number get vision plans, too. Most Senior Strategic Sourcing Managers like their work and job satisfaction is high.

$74,311 - $134,869

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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
$74,311 - $134,869  
   
Bonus
$1,546 - $24,096  
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).
)
$78,175 - $152,395  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 374
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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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A lot of Senior Strategic Sourcing Managers move on to become Directors of Strategic Sourcing, that group gets paid a slightly higher $134K on average.

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 seem to negatively impact pay include Project Management. For most people, competency in Contract Negotiation indicates knowledge of Project Management.

Pay by Experience Level for Sr. Strategic Sourcing Manager

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


Survey participants with less than five years' experience pocket $88K on average, but those with five to 10 years of experience enjoy a much bigger median of $107K. On average, Senior Strategic Sourcing Managers make $128K following one to two decades on the job. Senior Strategic Sourcing Managers who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $121K.

Related Job Salaries

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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%

Negotiation
0%

National Average
$119,000

Supplier Management
up arrow 2%

Project Management
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 86 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

1-4 years
4%
5-9 years
26%
10-19 years
45%
20 years or more
24%

Common Health Benefits

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