Strategic Sourcing Manager Salary

Strategic Sourcing Managers in the United States pull down an average of $86K annually. 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. Experience level is the biggest factor affecting pay for this group, followed by geography. The majority of Strategic Sourcing Managers claim high levels of job satisfaction. Nearly all claim medical and dental insurance and a strong majority get vision coverage. Male Strategic Sourcing Managers are more prevalent than women among those who took the survey — 64 percent of professionals. The numbers in this rundown were provided by PayScale's salary survey participants.

$59,940 - $115,014
(Median)
$60K
$86K
$120K
MEDIAN: $85,976
10%
50%
90%

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$12.67 - $54.25
(Median)
$13
$29
$54
MEDIAN: $29.00
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
$59,940 - $115,014  
   
Bonus
$1,008 - $16,869  
Profit Sharing
$979 - $8,243  
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).
)
$61,216 - $124,253  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 913
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
$12.67 - $54.25  
   
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
$1,008 - $16,869  
   
Profit Sharing
$979 - $8,243  
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).
)
$61,216 - $124,253  
Country: United States | Currency: USD | Updated: 2 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.

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 $133K annually. A common career progression for a Strategic Sourcing Manager is to become a Senior Strategic Sourcing Manager or a Global Sourcing Manager. Compared to Strategic Sourcing Managers, the first group earns $12K more on average, and the second group earns $12K more.

Strategic Sourcing Manager Job Listings

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Popular Skills for Strategic Sourcing Manager


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Purchasing, Sourcing, Supplier Management, and Microsoft Office are correlated to pay that is above average, with boosts between 5 percent and 8 percent. Vendor Management and Data Analysis as skills, however, tend to be associated with significantly smaller paychecks. Most people skilled in Contract Negotiation are similarly competent in Project Management, Negotiation, and Supply Chain. Those proficient in Procurement are, more often than not, also skilled in Negotiation.

Pay by Experience Level for Strategic Sourcing Manager

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


Strategic Sourcing Managers with a lot of experience do not necessarily enjoy more money. The average worker who claims fewer than five years of experience earns around $80K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $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


San Francisco is home to an above-average pay rate for Strategic Sourcing Managers, 12 percent higher than the national average. Strategic Sourcing Managers can also look forward to large paychecks in cities like New York (+12 percent), Boston (+10 percent), Houston (+9 percent), and Minneapolis (+8 percent). With compensation 16 percent below the national average, Columbus is not known for hefty paychecks and actually represents the lowest-paying market. Workers in Cincinnati and Dallas earn salaries that trail the national average for those in this profession (12 percent less).

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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 4%

Microsoft Office
up arrow 4%

Procurement
up arrow 3%

Project Management
up arrow 3%

Negotiation
up arrow 1%

Supply Chain
0%

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 167 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: 77% employee benefits None: 6%
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