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Sr. Strategic Sourcing Manager Salary

Senior Strategic Sourcing Managers in the United States can look forward to a sizeable six-figure salary — around $119K per year on average. Total incomes of Senior Strategic Sourcing Managers incorporate potential for, in a few cases, more than $24K from bonuses and close to $12K from profit sharing; these performance components cause packages to range between $79K and $153K. Residence is the biggest factor affecting pay for this group, followed by career duration. Most Senior Strategic Sourcing Managers survey respondents are men (75 percent). Nearly all report receiving medical and dental coverage from their employers and most collect vision insurance. For the most part, Senior Strategic Sourcing Managers enjoy their work and report high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.
$74,869 - $134,908
(Median)
75K
89K
110K
120K
MEDIAN: $107,152
10%
25%
50%
75%

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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
$74,869 - $134,908  
   
Bonus
$2,500 - $24,345  
Profit Sharing
$1,949 - $11,920  
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).
)
$79,164 - $152,582  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 382
United States (change)

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.

Sr. Strategic Sourcing Manager Job Listings

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Popular Skills for Sr. Strategic Sourcing Manager


Survey takers who work as Senior Strategic Sourcing Managers usually report a few specific skills. Most notably, skills in Contract Negotiation, Negotiation, Supplier Management, and Project Management are correlated to pay that is above average. 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.


The average worker who claims fewer than five years of experience earns around $87K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $107K. People with 10 to 20 years of experience make an average of about $128K in this role. 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 $120K.

Related Job Salaries

Experience Affects Sr. Strategic Sourcing Manager Salaries



National Average
$119,000


Entry-Level
up arrow 27%

Skills That Affect Sr. Strategic Sourcing Manager Salaries

Contract Negotiation
up arrow 3%

Negotiation
0%

National Average
$119,000

Supplier Management
up arrow 1%

Project Management
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 102 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

1-4 years
3%
5-9 years
25%
10-19 years
47%
20 years or more
24%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 95%
vision benefits Vision: 84% employee benefits None: 2%