Strategic Sourcing Manager Salary

For Strategic Sourcing Managers, yearly average wages total $86K annually. Total cash compensation to Strategic Sourcing Managers bottoms out near $60K and approaches $124K on the high end; the biggest paychecks include approximately $17K from bonuses and almost $10K from profit sharing. Geographic location is the biggest factor affecting pay for this group, followed by tenure. Nearly all get medical and dental insurance, and a strong majority get vision plans, too. Most Strategic Sourcing Managers like their work and job satisfaction is high. Men account for the majority of Strategic Sourcing Managers who responded to the questionnaire — 63 percent to be exact. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$59,267 - $114,337
(Median)
$59K
$86K
$110K
MEDIAN: $85,889
10%
50%
90%

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$12.58 - $44.70
(Median)
$13
$28
$45
MEDIAN: $27.00
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$50K$100K$150K
Salary
$59,267 - $114,337  
   
Bonus
$1,011 - $16,588  
Profit Sharing
$1,007 - $9,729  
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).
)
$60,357 - $124,048  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 869
National Hourly Rate 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$25$50$75
Hourly Rate
$12.58 - $44.70  
   
National Annualized 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$50K$100K$150K
Bonus
$1,011 - $16,588  
   
Profit Sharing
$1,007 - $9,729  
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).
)
$60,357 - $124,048  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 10

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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

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

Common Career Paths for Strategic Sourcing Manager


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While not commonly seen, Strategic Sourcing Managers who transition into a Director of Strategic Sourcing position may see a rise in pay. The median salary for Directors of Strategic Sourcing is $135K per year. Strategic Sourcing Managers most often move into positions as Senior Strategic Sourcing Managers or Global Sourcing Managers; those groups report median salaries that are $12K higher and $13K higher, respectively.

Strategic Sourcing Manager Job Listings

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Popular Skills for Strategic Sourcing Manager


Strategic Sourcing Managers seem to require a rather large skill set. Most notably, skills in Sourcing, Microsoft Office, Supplier Management, and Purchasing are correlated to pay that is above average, with boosts between 5 percent and 7 percent. Vendor Management and Data Analysis, on the other hand, are typically associated with much lower pay. A tool kit that includes Procurement also typically contains Negotiation. Most people skilled in Contract Negotiation are similarly competent in Project Management, Negotiation, and Supply Chain.

Pay by Experience Level for Strategic Sourcing Manager

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


Strategic Sourcing Managers do not generally earn higher incomes from more experience in the field. Respondents with less than five years' experience take home $79K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $89K. Strategic Sourcing Managers bring in $99K after working for 10 to 20 years. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $104K.

Pay Difference by Location


Surpassing the national average by 11 percent, Strategic Sourcing Managers in New York receive some of the highest pay in the country. Strategic Sourcing Managers can also look forward to large paychecks in cities like Seattle (+10 percent), San Francisco (+9 percent), Houston (+9 percent), and Minneapolis (+6 percent). Strategic Sourcing Managers in Cincinnati earn salaries far below the national average by 22 percent, proving that geography overwhelmingly affects the pay scale for those in this field. A couple other locations with smaller-than-average paychecks include Dallas (11 percent lower) and Charlotte (7 percent lower).

Related Job Salaries

United States (change)

Experience Affects Strategic Sourcing Manager Salaries



National Average
$90,000



Skills That Affect Strategic Sourcing Manager Salaries

Sourcing
up arrow 7%




Contract Negotiation
up arrow 3%

Procurement
up arrow 2%

Project Management
up arrow 1%

Negotiation
0%

Supply Chain
0%

National Average
$90,000

Data Analysis
up arrow 17%

Vendor Management
up arrow 31%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 179 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
1%
1-4 years
22%
5-9 years
33%
10-19 years
31%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 88%
vision benefits Vision: 76% employee benefits None: 6%