Strategic Sourcing Manager Salary (United States)

The average pay for a Strategic Sourcing Manager is $83,843 per year.
Strategic Sourcing Manager Salary (?
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.
)
$57,562 - $111,158
(Median)
58K
70K
84K
98K
110K
MEDIAN: $83,842
10%
25%
50%
75%
90%
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Strategic Sourcing Manager Salary (?
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.
)
$15.51 - $45.33
(Median)
16
21
29
35
45
MEDIAN: $29.00
10%
25%
50%
75%
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
$57,562 - $111,158  
   
Bonus
$989 - $15,922  
Profit Sharing
$1,192 - $10,260  
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).
)
$58,411 - $121,371  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 811
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
$15.51 - $45.33  
   
Overtime
$30.95 - $52.90  
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
$989 - $15,922  
   
Profit Sharing
$1,192 - $10,260  
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).
)
$58,411 - $121,371  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 15
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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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Strategic Sourcing Manager Job Listings

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Popular Skills for Strategic Sourcing Manager

Pay by Experience Level for Strategic Sourcing Manager

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

Pay Difference By Location

San Jose
up arrow 45%
Boston
up arrow 23%
Los Angeles
up arrow 23%
Seattle
up arrow 17%
San Francisco
up arrow 16%
New York
up arrow 12%
up arrow 10%
Minneapolis
up arrow 1%
Philadelphia
up arrow 1%
National Average
$88,000
Chicago
up arrow 2%
up arrow 5%
Milwaukee
up arrow 9%
Dallas
up arrow 13%
Columbus
up arrow 13%
Larger circles over a city indicate a job is popular in that location.

Related Job Salaries

Experience Affects Strategic Sourcing Manager Salaries

National Average
$88,000

Skills That Affect Strategic Sourcing Manager Salaries

Microsoft Office
up arrow 7%
Contract Negotiation
up arrow 3%
Procurement
up arrow 3%
Purchasing
up arrow 3%
Negotiation
up arrow 1%
Project Management
up arrow 1%
National Average
$88,000
Supply Chain
up arrow 1%
Data Analysis
up arrow 13%
Vendor Management
up arrow 29%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 205 votes.

Gender

Female
35%
female alumni
 
Male
65%
male alumni

Years of Experience

Less than 1 year
1%
1-4 years
23%
5-9 years
30%
10-19 years
33%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 88%
vision benefits Vision: 75% employee benefits None: 6%
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