Strategic Sourcing Managers in the United States earn an average of $88K per year; salaries are particularly strong in San Francisco, where workers earn around $118K. Strategic Sourcing Managers will also find cushy salaries in Atlanta (+16 percent), Houston (+15 percent), San Antonio (+11 percent), and Boston (+8 percent). This report is based on answers to PayScale's salary questionnaire.

$61,550 - $119,851
$62K
$88K
$120K
MEDIAN: $87,708
10%
50%
90%

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$15.77 - $84.43
$16
$52
$84
MEDIAN: $52.36
10%
50%
90%

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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
$61,550 - $119,851  
   
Bonus
$2,517 - $19,228  
Profit Sharing
$-0.49 - $10,019  
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).
)
$62,962 - $132,235  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 627
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$50$100$150
Hourly Rate
$15.77 - $84.43  
   
Overtime
$100.00  
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$100K$200K$300K
Bonus
$2,517 - $19,228  
   
Profit Sharing
$-0.49 - $10,019  
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).
)
$62,962 - $132,235  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 10

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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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Though some Strategic Sourcing Managers move into positions like Director of Strategic Sourcing (where the average salary is $136K), this progression is not the norm. Career advancement for the typical Strategic Sourcing Manager often leads to becoming a Senior Strategic Sourcing Manager or a Global Sourcing Manager; median salaries in these positions are $12K higher and $7K higher, respectively.

Strategic Sourcing Manager Job Listings

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Popular Employer Salaries for Strategic Sourcing Manager


Popular Skills for Strategic Sourcing Manager


Survey participants wield an impressively varied skill set on the job. Most notably, skills in Vendor Management, Contract Negotiation, Supplier Management, and Project Management are correlated to pay that is above average. Skills that seem to negatively impact pay include Data Analysis, Microsoft Office, and Sourcing. It is often found that people who know Contract Negotiation are also skilled in Project Management and Negotiation. A tool kit that includes Procurement also typically contains Negotiation and Project Management.

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, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. Average salaries for inexperienced employees average out to around $84K, but folks who have five to 10 years of experience earn a higher median of $93K. Between 10 and 20 years, pay surpasses six figures; at this stage, the average professional scores around $103K. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $109K on average.

Pay Difference by Location

National Average: $92,831

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
38 %
Male
62 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 72 votes.
036
Less than 1 year
0%
1-4 years
24%
5-9 years
36%
10-19 years
28%
20 years or more
12%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Strategic Sourcing Manager Salaries




National Average
$93,000


Skills That Affect Strategic Sourcing Manager Salaries


Vendor Management
up arrow 2%




Procurement
0%

Purchasing
0%

National Average
$93,000





Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 72 votes.

Gender

Female
38 %
Male
62 %

Years of Experience

Less than 1 year
0%
1-4 years
24%
5-9 years
36%
10-19 years
28%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 87%
vision benefits
Vision: 82%
dental benefits
None: 6%
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