Strategic Sourcing Manager Salary

Median pay for Strategic Sourcing Managers in the United States is around $86K per year. Cash earnings for Strategic Sourcing Managers — including $17K in bonuses and $8K in profit sharing proceeds near the top of the pay scale — generally stretch from $61K to $124K depending on individual performance. Career length and the particular city each impact pay for this group, with the former having the largest influence. Almost all have medical and dental plans, and a fair number have vision insurance. For the most part, Strategic Sourcing Managers enjoy their work and report high levels of job satisfaction. More than half of Strategic Sourcing Managers (64 percent) survey respondents are men.

$59,922 - $114,850

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$12.67 - $54.25

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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$50K$100K$150K
Salary
$59,922 - $114,850  
   
Bonus
$1,000 - $16,756  
Profit Sharing
$986 - $8,204  
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).
)
$61,250 - $124,240  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 916
National Hourly Rate 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$25$50$75
Hourly Rate
$12.67 - $54.25  
   
National Annualized 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$50K$100K$150K
Bonus
$1,000 - $16,756  
   
Profit Sharing
$986 - $8,204  
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).
)
$61,250 - $124,240  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 11
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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.

Strategic Sourcing Manager Job Listings

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Popular Skills for Strategic Sourcing Manager


Strategic Sourcing Managers seem to exploit a large range of skills on the job. Most notably, skills in Sourcing, Purchasing, Supplier Management, and Microsoft Office are correlated to pay that is above average, with boosts between 5 percent and 9 percent. Vendor Management and Data Analysis, on the other hand, are typically associated with much lower pay. Those familiar with Contract Negotiation also tend to know Project Management, Negotiation, and Supply Chain. The majority of those who know Procurement also know Negotiation.

Pay by Experience Level for Strategic Sourcing Manager

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


For Strategic Sourcing Managers, more experience in the field does not usually mean bigger paychecks. The median compensation for relatively untried workers is $80K; in the five-to-10 year group, it's higher at around $89K. Strategic Sourcing Managers claiming one to two decades of experience make an estimated median of $99K. 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 $105K.

Pay Difference by Location


For those looking to make money, Strategic Sourcing Managers in San Francisco enjoy an exceptional pay rate, 12 percent above the national average. Strategic Sourcing Managers will also find cushy salaries in New York (+12 percent), Boston (+10 percent), Houston (+9 percent), and Minneapolis (+9 percent). The lowest-paying market is Columbus, which sits 16 percent below the national average. Employers also pay below the national average in Cincinnati and Dallas (11 percent lower).

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Experience Affects Strategic Sourcing Manager Salaries



National Average
$90,000



Skills That Affect Strategic Sourcing Manager Salaries

Sourcing
up arrow 9%



Contract Negotiation
up arrow 4%

Microsoft Office
up arrow 4%

Procurement
up arrow 3%

Project Management
up arrow 3%

Negotiation
up arrow 2%

Supply Chain
up arrow 1%

National Average
$90,000

Data Analysis
up arrow 18%

Vendor Management
up arrow 31%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 166 votes.

Gender

Female
36 %
Male
64 %

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: 78% employee benefits None: 6%
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