Strategic Sourcing Manager Salary

Median pay for Strategic Sourcing Managers in the United States is around $87K annually, but employers in San Francisco offer the biggest paychecks; average compensation in that city is approximately $115K. Strategic Sourcing Managers can also look forward to large paychecks in cities like Houston (+16 percent), Atlanta (+16 percent), Boston (+13 percent), and Dallas (+9 percent). This snapshot results from replies to PayScale's salary survey.

$61,375 - $119,469
$61K
$87K
$120K
MEDIAN: $87,463
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
$61,375 - $119,469  
   
Bonus
$2,547 - $18,426  
Profit Sharing
$0.00 - $10,055  
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).
)
$62,718 - $130,946  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 626
© PayScale, Inc. @ www.payscale.com
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$29$58$87
Hourly Rate
$15.77 - $84.43  
   
Overtime
$72.50  
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$60K$120K$180K
Bonus
$2,547 - $18,426  
   
Profit Sharing
$0.00 - $10,055  
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).
)
$62,718 - $130,946  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 10
© PayScale, Inc. @ www.payscale.com

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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 respondents exploit a significant toolbox of skills in their work. Most notably, skills in Supplier Management, Contract Negotiation, Vendor Management, and Project Management are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Data Analysis, Microsoft Office, and Sourcing. Most people familiar with Procurement also know Negotiation and Project Management. Those educated in Contract Negotiation tend to be well versed in Project Management and Negotiation.

Pay by Experience Level for Strategic Sourcing Manager

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


For many Strategic Sourcing Managers, extensive experience does not lead to significantly more money. People who have worked for fewer than five years bring home $83K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $92K. After one to two decades on the job, professionals can reap plentiful salaries that average out to the six-figure sum of $104K. 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 $109K.

Pay Difference by Location

National Average: $92,735

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
39 %
Male
61 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 75 votes.
Less than 1 year
0%
1-4 years
23%
5-9 years
35%
10-19 years
30%
20 years or more
11%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Strategic Sourcing Manager Salaries

▲17%

▲12%

National Average
$93,000

▼1%

▼10%

Skills That Affect Strategic Sourcing Manager Salaries





Procurement
▼0%

Supply Chain
▼0%

National Average
$93,000

▼1%

▼1%

▼3%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 75 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

Less than 1 year
0%
1-4 years
23%
5-9 years
35%
10-19 years
30%
20 years or more
11%

Common Health Benefits

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