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Strategic Sourcing Manager Salary

Median pay for Strategic Sourcing Managers in the United States lies in the neighborhood of $86K per year. Total cash earnings of Strategic Sourcing Managers range from $61K on the low end to $124K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $17K and $10K, respectively. Residence and career duration each impact pay for this group, with the former having the largest influence. The majority of Strategic Sourcing Managers claim high levels of job satisfaction. More than half of Strategic Sourcing Managers (64 percent) survey respondents are men. Almost all receive medical and dental insurance and a fair number get vision plans.

$59,794 - $114,817
(Median)
$60K
$86K
$110K
MEDIAN: $86,100
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
$59,794 - $114,817  
   
Bonus
$1,008 - $16,799  
Profit Sharing
$-0.49 - $9,658  
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).
)
$61,078 - $124,269  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 898
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 - $16,799  
   
Profit Sharing
$-0.49 - $9,658  
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).
)
$61,078 - $124,269  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 11

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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

  • 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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Though some Strategic Sourcing Managers move into positions like Director of Strategic Sourcing (where the average salary is $135K), this progression is not the norm. 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 $13K more.

Strategic Sourcing Manager Job Listings

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Popular Skills for Strategic Sourcing Manager


Strategic Sourcing Managers seem to require a rather large skill set. 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 7 percent. Vendor Management and Data Analysis, on the other hand, are typically associated with much lower pay. Most people who know Procurement also know Negotiation. Those familiar with Contract Negotiation also tend to 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.


Experience does not seem to be a strong driver of pay increase in this role. Workers in their first five years can expect to earn $80K, but people who have been around for five to 10 years earn a noticeably bigger sum of $89K. Strategic Sourcing Managers who work for 10 to 20 years in their occupation tend to earn about $99K. 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 $105K on average.

Pay Difference by Location


With a pay rate for Strategic Sourcing Managers that is 12 percent greater than the national average, New York offers a comfortable salary for those in this profession. Strategic Sourcing Managers will also find cushy salaries in San Francisco (+12 percent), Seattle (+10 percent), Boston (+9 percent), and Houston (+8 percent). Columbus is the lowest-paying area, 16 percent south of the national average. Workers in Cincinnati and Dallas earn less than others in this profession; their salaries fall short of the national average by 12 percent.

Related Job Salaries

United States (change)

Experience Affects Strategic Sourcing Manager Salaries



National Average
$91,000



Skills That Affect Strategic Sourcing Manager Salaries


Sourcing
up arrow 7%



Contract Negotiation
up arrow 4%

Procurement
up arrow 3%

Project Management
up arrow 2%

Negotiation
0%

National Average
$91,000

Supply Chain
up arrow 1%

Data Analysis
up arrow 18%

Vendor Management
up arrow 31%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 174 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: 5%
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