$129,166
Avg. Salary
$76.00
Avg. Hourly Rate

Average additional compensation:

$19,529

Bonus

$8,000

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Director, Strategic Sourcing is $76.00 per hour.

The median Director, Strategic Sourcing has a base pay of $129,166. Salaries generally range from $87k to $161k. The median bonus is $19,529. Skills that can affect salary include Contract Negotiation, Strategic Planning, Procurement, Negotiation, Vendor Management.
$0.00
10%
$76.00
50%
$0.00
90%
MEDIAN $76.00
$87k
10%
$129k
50%
$161k
90%
MEDIAN $129,166
$86,877 - $160,974
$87K
$130K
$160K
MEDIAN: $129,166
10%
50%
90%

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$0$185K
Salary $86,877 - $160,974
Bonus $7,776 - $34,596
Profit Sharing $443 - $24,161
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).
)
$90,394 - $185,085
  • Country: United States
  • Currency: USD
  • Updated: 10 Feb 2019
  • Individuals Reporting: 315

Job Description for Director, Strategic Sourcing

Directors of strategic sourcing provide executive leadership related to strategic procurement within their organization. Most of their work revolves around communicating with other employees and clients. These professionals are responsible for negotiating with executives in other organizations to achieve desired outcomes, attending internal meetings to develop strategic policy within the organization, and helping create and implement internal sourcing strategies. They must perform supplier management and development, as well as accurately asses suppliers' capabilities as they relate to company needs.

Read More...
Director, Strategic Sourcing Tasks
  • Research vendors to determine which suppliers have the best prices, reliability, and quality.
  • Manage a company's purchase of supplies and lead the development and implementation of procurement strategies.
  • Supervise and direct the work of strategic sourcing personnel.
  • Lead efforts to improve supply chain efficiency, maintain product quality standards, and reduce costs.
  • Negotiate contracts with vendors for the purchase and delivery of goods.

Director, Strategic Sourcing Job Listings

Popular Skills for Director, Strategic Sourcing


Directors of Strategic Sourcing report using a pretty varied skill set on the job. Most notably, skills in Negotiation, Procurement, Contract Negotiation, and Strategic Planning are correlated to pay that is above average. Skills that seem to negatively impact pay include Vendor Management and Strategic Planning. Most people who know Contract Negotiation also know Negotiation.

Pay by Experience Level for Director, Strategic Sourcing

Pay by Experience for a Director, Strategic Sourcing has a positive trend. An entry-level Director, Strategic Sourcing with less than 5 years of experience can expect to earn an average total compensation of $100,000 based on 16 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Director, Strategic Sourcing with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $139,000 based on 38 salaries. An experienced Director, Strategic Sourcing which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $146,000 based on 97 salaries. A Director, Strategic Sourcing with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $156,000 based on 42 salaries.

Related Job Salaries

Key Stats for Director, Strategic Sourcing

Gender

Female
40 %
Male
60 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 38 votes.
Less than 1 year
1%
1-4 years
3%
5-9 years
12%
10-19 years
56%
20 years or more
27%

Experience Affects Director, Strategic Sourcing Salaries

▲8%

▲1%

National Average
$145,000

▼4%

Entry-Level
▼31%

Skills That Affect Director, Strategic Sourcing Salaries

▼0%

National Average
$145,000

Procurement
▼2%



Vendor Management
▼9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 38 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
1%
1-4 years
3%
5-9 years
12%
10-19 years
56%
20 years or more
27%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 88%
vision benefits
Vision: 80%
no benefits
None: 7%