Strategic Sourcing Manager Salary

The average Strategic Sourcing Manager in the United States can expect to rake in roughly $87K annually. Total cash compensation to Strategic Sourcing Managers approaches anywhere from $62K on the lower end to $128K on the higher end; in exceptional cases, this can include more than $18K from bonuses and upwards of $12K from profit sharing. Earnings for this group are mostly affected by geography, followed by experience level and the particular employer. There are more male Strategic Sourcing Managers than female among those who completed the questionnaire, making up 63 percent. Medical and dental benefits are awarded to nearly all, and a strong majority earn vision coverage. For the most part, Strategic Sourcing Managers enjoy their work and report high levels of job satisfaction.

$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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While not commonly seen, Strategic Sourcing Managers who transition into a Director of Strategic Sourcing position may see a rise in pay. The median salary for Directors of Strategic Sourcing is $137K per year. 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


Strategic Sourcing Managers seem to exploit a large range 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. At the other end of the pay range are skills like Data Analysis, Vendor Management, and Sourcing. Most people skilled in Procurement are similarly competent in Negotiation. Those educated in Contract Negotiation tend to be well versed in 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.


More years of relevant experience do not necessarily translate to higher paychecks. People who have worked for fewer than five years bring home $81K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $90K. After 10 to 20 years, professionals can make it pretty big; the median salary sits in the six-figure neighborhood of $101K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings 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 can also look forward to large paychecks in cities like Houston (+13 percent), New York (+11 percent), Seattle (+7 percent), and Minneapolis (+3 percent). Falling short of the national average by 12 percent, the area with the worst salaries is Columbus. Dallas and Cincinnati are a couple other places where companies are known to pay below the median — salaries are 10 percent lower and 8 percent lower, respectively.

Strategic Sourcing Manager Reviews

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

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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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