A Strategic Sourcing Manager earns an average salary of Rs 974,830 per year. Experience strongly influences pay for this job. People in this job generally don't have more than 20 years' experience.

Rs 504,342 - Rs 2,145,551
Rs 500K
Rs 1M
Rs 2M
MEDIAN: Rs 1,105,002
10%
50%
90%
Rs 0Rs 2M
Salary Rs 504,342 - Rs 2,145,551
Bonus Rs 12,080 - Rs 246,128
Profit Sharing Rs 82,349
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).
)
Rs 543,369 - Rs 2,269,088
  • Country: India
  • Currency: INR
  • Updated: 13 Jan 2018
  • Individuals Reporting: 141

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.

Strategic Sourcing Manager Job Listings

Popular Skills for Strategic Sourcing Manager

Pay by Experience Level for Strategic Sourcing Manager

Pay by Experience for a Strategic Sourcing Manager has a positive trend. An entry-level Strategic Sourcing Manager with less than 5 years of experience can expect to earn an average total compensation of Rs 532,000 based on 14 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Strategic Sourcing Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of Rs 991,000 based on 28 salaries. An experienced Strategic Sourcing Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of Rs 1,474,000 based on 24 salaries. A Strategic Sourcing Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of Rs 1,910,000 based on 5 salaries.

Pay Difference by Location

National Average: Rs 1,148,459

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 Mumbai:
Pros: Work Culture, Employee Development, Trainings
Cons: Lower wages compared to other companies, Large organizational structure is sometimes unwieldy

Strategic Sourcing Manager in Ludhiana:
"People interaction"
Pros: Travels, people management and interaction, negotiation and exposure.
Cons: Stress Levels and Vendor Management

Related Job Salaries

Key Stats for Strategic Sourcing Manager

Gender

Female
4 %
Male
96 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 9 votes.
1-4 years
10%
5-9 years
39%
10-19 years
43%
20 years or more
9%

Experience Affects Strategic Sourcing Manager Salaries

Late-Career
▲66%

▲28%

National Average
Rs 1,148,000

▼14%

Entry-Level
▼54%

Skills That Affect Strategic Sourcing Manager Salaries

National Average
Rs 1,148,000

▼6%


Sourcing
▼12%

Procurement
▼13%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 9 votes.

Gender

Female
4 %
Male
96 %

Years of Experience

1-4 years
10%
5-9 years
39%
10-19 years
43%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 13%
vision benefits
Vision: 12%
no benefits
None: 12%