Strategic Sourcing Manager Salary

Strategic Sourcing Managers in the United States pull down an average of $87K per year. Total cash compensation for Strategic Sourcing Managers runs from $62K to $128K depending on bonuses that can occasionally exceed $18K and profit sharing that can reach almost $12K. While career duration and the individual firm impact pay for this group, residence is the most influential factor. Male Strategic Sourcing Managers who responded to the survey are more common than women; more than half (63 percent) are men. Almost all have medical and dental plans, and a fair number have vision insurance. Job satisfaction is high and work is enjoyable for most Strategic Sourcing Managers. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$60,543 - $117,265
(Median)
$61K
$87K
$120K
MEDIAN: $86,899
10%
50%
90%

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$12.77 - $68.51
(Median)
$13
$32
$69
MEDIAN: $32.00
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
$60,543 - $117,265  
   
Bonus
$1,100 - $17,708  
Profit Sharing
$1,468 - $12,123  
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).
)
$62,153 - $127,654  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,008
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
$12.77 - $68.51  
   
Overtime
$37.76  
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
$1,100 - $17,708  
   
Profit Sharing
$1,468 - $12,123  
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).
)
$62,153 - $127,654  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 12
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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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There are some Strategic Sourcing Managers — though it's uncommon — that transition into Directors of Strategic Sourcing, where earnings are an average $137K annually. 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 $10K, respectively.

Strategic Sourcing Manager Job Listings

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Popular Employer Salaries for Strategic Sourcing Manager


Popular Skills for Strategic Sourcing Manager


Survey results imply that Strategic Sourcing Managers deploy a deep pool of skills on the job. Most notably, skills in Purchasing, Supplier Management, Contract Negotiation, and Procurement are correlated to pay that is above average, with boosts between 4 percent and 7 percent. Skills that pay less than market rate include Data Analysis, Vendor Management, and Sourcing. Those familiar with Procurement tend to be well versed in Negotiation. Most people who know Contract Negotiation also know 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. Those who have worked for fewer than five years take home a median salary of $81K, and workers with five to 10 years of experience earn a higher $90K on average. Experienced professionals — those with 10 to 20 years in the field — see salaries in the six-figure territory, securing around $101K on average. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $107K.

Pay Difference by Location

National Average: $91,249

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

For Strategic Sourcing Managers, busy San Francisco offers a higher-than-average pay rate, 19 percent above the national average. Strategic Sourcing Managers will also find cushy salaries in Houston (+13 percent), New York (+11 percent), Seattle (+7 percent), and Minneapolis (+3 percent). With compensation 12 percent below the national average, Columbus is not known for hefty paychecks and actually represents the lowest-paying market. A couple other locations with smaller-than-average paychecks include Dallas (10 percent lower) and Cincinnati (8 percent lower).

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Experience Affects Strategic Sourcing Manager Salaries



National Average
$91,000



Skills That Affect Strategic Sourcing Manager Salaries


Contract Negotiation
up arrow 4%

Supplier Management
up arrow 4%

Procurement
up arrow 2%

Project Management
up arrow 2%

Microsoft Office
up arrow 1%

Negotiation
0%

Supply Chain
0%

National Average
$91,000

Sourcing
up arrow 3%

Vendor Management
up arrow 10%

Data Analysis
up arrow 17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 167 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
1%
1-4 years
21%
5-9 years
34%
10-19 years
31%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 89%
medical benefits
Vision: 78%
dental benefits
None: 6%
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