Sr. Strategic Sourcing Manager Salary

Senior Strategic Sourcing Managers in the United States take home an average $108K annually. Total incomes of Senior Strategic Sourcing Managers incorporate potential for, in a few cases, more than $26K from bonuses and close to $10K from profit sharing; these performance components cause packages to range between $80K and $157K. Geographic location is the biggest factor affecting pay for this group, followed by tenure. Senior Strategic Sourcing Managers who participated in the survey are largely men, dominating at 67 percent. Most Senior Strategic Sourcing Managers like their work and job satisfaction is high. Nearly all claim medical and dental insurance and most get vision coverage. The numbers in this rundown were provided by PayScale's salary survey participants.

$76,042 - $139,409
$76K
$110K
$140K
MEDIAN: $107,853
10%
50%
90%

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$0$156K
Salary $76,042 - $139,409
Bonus $2,643 - $25,803
Profit Sharing $0.00 - $10,271
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).
)
$78,751 - $156,056
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 245

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Sr. Strategic Sourcing Manager

Senior strategic sourcing managers create effective strategies for identifying and driving sourcing initiatives for their company. They are in charge of analyzing current and new products or services to identify new sourcing opportunities. In addition, they communicate with external partners and cross-functional teams, as well as identify possible problems and resolve them in a timely manner. One of their main tools include a personal computer to communicate with colleagues and create sourcing reports.

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Sr. Strategic Sourcing Manager Tasks

  • Develop and lead implementation of sourcing strategies, procurement, and process flow throughout the organization.
  • Ensure compliance to existing contracts and service levels.
  • Analyze data to identify opportunities to reduce costs, negotiate and manage existing providers.
  • Lead bidding process and ensure quality and cost goals are met.
  • Report on actual costs, negotiation opportunities and overall strategic plan for sourcing, logistics, and return on investment (ROI).

Common Career Paths for Sr. Strategic Sourcing Manager


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A lot of Senior Strategic Sourcing Managers move on to become Directors of Strategic Sourcing, that group gets paid a slightly higher $136K on average.

Sr. Strategic Sourcing Manager Job Listings

Popular Skills for Sr. Strategic Sourcing Manager


Senior Strategic Sourcing Managers report using a diverse set of skills on the job. Most notably, skills in Sourcing, Negotiation, Contract Negotiation, and Supplier Management are correlated to pay that is above average. At the other end of the pay range are skills like Procurement. Those educated in Contract Negotiation tend to be well versed in Project Management.

Pay by Experience Level for Sr. Strategic Sourcing Manager

Pay by Experience for a Sr. Strategic Sourcing Manager has a positive trend. An entry-level Sr. Strategic Sourcing Manager with less than 5 years of experience can expect to earn an average total compensation of $95,000 based on 25 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Sr. 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 $112,000 based on 75 salaries. An experienced Sr. Strategic Sourcing Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $126,000 based on 162 salaries. A Sr. 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 $125,000 based on 47 salaries.

Pay Difference by Location

National Average: $115,197

Larger city markers indicate a job is popular in that location.

Home to some of the best pay for Senior Strategic Sourcing Managers, San Francisco offers exceptional salaries, 40 percent above the national average. Senior Strategic Sourcing Managers can also look forward to large paychecks in cities like San Jose (+33 percent), Dallas (+29 percent), Seattle (+16 percent), and Charlotte (+16 percent). Senior Strategic Sourcing Managers in Columbus earn salaries far below the national average by 25 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Employers pay around 23 percent less in Pittsburgh and 10 percent less in St. Louis, below-median salaries for those in this field.

Related Job Salaries

Key Stats for Sr. Strategic Sourcing Manager

Gender

Female
35 %
Male
65 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 39 votes.
1-4 years
6%
5-9 years
17%
10-19 years
54%
20 years or more
23%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Sr. Strategic Sourcing Manager Salaries

▲9%

▲8%

National Average
$115,000

▼3%

▼18%

Skills That Affect Sr. Strategic Sourcing Manager Salaries

Sourcing
▲6%

Negotiation
▲3%




National Average
$115,000

Procurement
▼9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 39 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

1-4 years
6%
5-9 years
17%
10-19 years
54%
20 years or more
23%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 91%
vision benefits
Vision: 88%
no benefits
None: 4%
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