Strategic Sourcing Manager Salary

Salaries for Strategic Sourcing Managers in the United States average out at around $88K annually, but San Francisco employers pay the most, offering approximately $115K on average. Strategic Sourcing Managers can also look forward to large paychecks in cities like Houston (+16 percent), Atlanta (+16 percent), Boston (+12 percent), and Dallas (+9 percent). The data for this snapshot was collected from individuals who took PayScale's salary survey.

$61,504 - $118,804
$62K
$88K
$120K
MEDIAN: $88,125
10%
50%
90%

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$16.14 - $82.41
$16
$45
$82
MEDIAN: $45.00
10%
50%
90%

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$0$130K
Salary $61,504 - $118,804
Bonus $2,450 - $19,008
Profit Sharing $0.00 - $10,332
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).
)
$62,294 - $130,903
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 620
Hourly Data $0$113
Hourly Rate $16.14 - $82.41
Overtime $57.69
Annual Data $0$130K
Bonus $2,450 - $19,008
Profit Sharing $0.00 - $10,332
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).
)
$62,294 - $130,903
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 13

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Strategic Sourcing Manager

Strategic sourcing managers are responsible for directing and analyzing how a business spends money. Their ultimate goal is to make sure the business is cost effective so it maintains higher profit margins and a competitive advantage. The research that strategic sourcing managers conduct drives the purchasing decisions for the business. They are expected to rigorously locate and analyze new opportunities and developments for the business. When plans are adopted, these managers also may have to lead conversion management within their organization.

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Strategic Sourcing Manager Tasks

  • Manage procurement and sourcing policies and activities, including overseeing specific contracts.
  • Conduct market research, create estimates and forecasts, and identify cost reduction strategies.
  • Hire, train, and manage sourcing team.
  • Negotiate with suppliers and vendors for contracts for timely supplies at fair prices and in compliance with regulations.

Common Career Paths for Strategic Sourcing Manager


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While Strategic Sourcing Managers do not often become Directors of Strategic Sourcing, the job pays $136K per year on average. When Strategic Sourcing Managers are ready for the next step in their careers, they often become Senior Strategic Sourcing Managers or Global Sourcing Managers. Those roles pay an additional $12K and $7K, respectively.

Strategic Sourcing Manager Job Listings

Popular Employer Salaries for Strategic Sourcing Manager


Popular Skills for Strategic Sourcing Manager


Strategic Sourcing Managers seem to require a rather large skill set. Most notably, skills in Supplier Management, Contract Negotiation, Vendor Management, and Project Management are correlated to pay that is above average. Skills that pay less than market rate include Data Analysis, Microsoft Office, and Sourcing. Most people experienced in Contract Negotiation also know Project Management and Negotiation. Those proficient in Procurement are, more often than not, also skilled in Negotiation and Project Management.

Pay by Experience Level for Strategic Sourcing Manager

Pay by Experience for a Strategic Sourcing Manager has a positive trend. An entry-level Strategic Sourcing Manager with less than 5 years of experience can expect to earn an average total compensation of $83,000 based on 239 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Strategic Sourcing Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $92,000 based on 289 salaries. An experienced Strategic Sourcing Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $104,000 based on 219 salaries. A Strategic Sourcing Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $109,000 based on 72 salaries.

Pay Difference by Location

National Average: $92,926

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

Strategic Sourcing Manager Reviews

Q: What is it like working as a Strategic Sourcing Manager?

Strategic Sourcing Manager in Seattle:
"Fast paced, exciting, stressful."
Pros: Relationships with vendors. Tangible savings to bottom line of company. It is never monotonous.
Cons: Stressful. Unrealistic expectations. Other functional groups aren't always moving in the same direction.

Related Job Salaries

Key Stats for Strategic Sourcing Manager

Gender

Female
40 %
Male
60 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 79 votes.
Less than 1 year
0%
1-4 years
23%
5-9 years
36%
10-19 years
30%
20 years or more
11%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Strategic Sourcing Manager Salaries

▲17%

▲12%

National Average
$93,000

▼1%

▼10%

Skills That Affect Strategic Sourcing Manager Salaries





Procurement
▼0%

National Average
$93,000

▼1%

Supply Chain
▼1%

▼1%

▼3%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 79 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
0%
1-4 years
23%
5-9 years
36%
10-19 years
30%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 86%
vision benefits
Vision: 82%
no benefits
None: 6%
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