£46,014
Avg. Salary
Avg. Hourly Rate

Average additional compensation:

£4,972

Bonus

£4,345

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Strategic Sourcing Manager is {{pay}} per hour.

The average pay for a Strategic Sourcing Manager is £46,014 per year.

10%
£0.00
10%
£0.00
50%
£0.00
90%
90%
MEDIAN £0.00
10%
£30k
10%
£46k
50%
£63k
90%
90%
MEDIAN £46,014
£29,669 - £63,239
£30K
£46K
£63K
MEDIAN: £46,014
10%
50%
90%
£0£71K
Salary £29,669 - £63,239
Bonus £203 - £10,000
Profit Sharing £4,345
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).
)
£30,620 - £71,644
  • Country: United Kingdom
  • Currency: GBP
  • Updated: 20 Apr 2019
  • Individuals Reporting: 50

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

Strategic Sourcing Manager Reviews

Q: What is it like working as a Strategic Sourcing Manager?

Strategic Sourcing Manager in Rugby:
Pros: OFFICE CONDITIONS ,
Cons: BEING MANAGED BY INEXPERINCED MANAGERS.

Related Job Salaries

Key Stats for Strategic Sourcing Manager

Gender

Female
60 %
Male
40 %
1-4 years
28%
5-9 years
44%
10-19 years
20%
20 years or more
8%

Experience Affects Strategic Sourcing Manager Salaries

Experienced
▲3%

National Average
₤49,000

Mid-Career
▼14%

Entry-Level
▼19%

Skills That Affect Strategic Sourcing Manager Salaries

National Average
₤49,000

Contract Negotiation
▼8%

Negotiation
▼16%

Gender

Female
60 %
Male
40 %

Years of Experience

1-4 years
28%
5-9 years
44%
10-19 years
20%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 68%
dental benefits
Dental: 21%
vision benefits
Vision: 24%
no benefits
None: 32%