Director of Global Sourcing Salary
A Director of Global Sourcing earns an average salary of $130,469 per year. Most people in this job have more than five years' experience in related jobs. A skill in Procurement is associated with high pay for this job.
|Salary||$89,923 - $169,164|
|Bonus||$5,068 - $39,453|
|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).)
|$96,592 - $192,258|
Job Description for Director of Global Sourcing
Directors of global sourcing hold management responsibilities for all supply chain functions of a business, including overseeing all purchasing activities, setting priorities, and developing strategies for procuring material and services while minimizing the use of company resources.Read More...
Directors of global sourcing generally work in office environments and often have a number of subordinate employees, which can include area-specific sourcing managers as well as individual buyers. These directors also coordinate with leaders of marketing departments to create long-term plans for sourcing the material used to produce the company’s products, and generally report to a vice president within the company.
These directors interface with contacts outside the company, as well; much of their time is spent managing relations with suppliers. As such, this position requires excellent skills in oral and written communication, time-management, and negotiations.
A bachelor's degree in business, engineering, or a related field and seven to ten years of relevant work experience, including sourcing from both domestic and international suppliers and leadership in the development of contracts with suppliers, are generally required for this position.
Candidates are also expected to have a working knowledge of current business management concepts and systems, including supply-chain practices, lean manufacturing concepts, and integrated enterprise resource planning software systems. Professional certifications, such as the Six Sigma business management strategy or the Certified in Production and Inventory Management (CPIM) exam, are highly desirable qualifications. (Copyright 2017 PayScale.com)
Director of Global Sourcing Tasks
- Direct and oversee global inventory supply management and purchasing.
- Initiate new sourcing processes and strategies.
- Ensure all goals, deadlines, budgets, and delivery and cost objectives are met.
- Evaluate the demand plan and develop a corresponding supply plan.
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