Strategic Sourcing Manager Salary

Salaries for Strategic Sourcing Managers in the United States average out at around $88K annually, but San Francisco employers pay the most, offering approximately $115K on average. Strategic Sourcing Managers can also look forward to large paychecks in cities like Houston (+16 percent), Atlanta (+16 percent), Boston (+12 percent), and Dallas (+9 percent). Participants in PayScale's salary questionnaire provided the particulars of this report.

$62,341 - $118,559
$62K
$88K
$120K
MEDIAN: $88,341
10%
50%
90%

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$17.83 - $80.00
$18
$37
$80
MEDIAN: $36.67
10%
50%
90%

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$0$130K
Salary $62,341 - $118,559
Bonus $2,200 - $18,402
Profit Sharing $-0.49 - $10,120
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).
)
$62,726 - $130,836
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2017
  • Individuals Reporting: 644
Hourly Data $0$113
Hourly Rate $17.83 - $80.00
Overtime $57.69
Annual Data $0$130K
Bonus $2,200 - $18,402
Profit Sharing $-0.49 - $10,120
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).
)
$62,726 - $130,836
  • Country: United States
  • Currency: USD
  • Updated: 12 Nov 2017
  • Individuals Reporting: 14

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.

Common Career Paths for Strategic Sourcing Manager


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There are some Strategic Sourcing Managers — though it's uncommon — that transition into Directors of Strategic Sourcing, where earnings are an average $136K annually. Senior Strategic Sourcing Managers or Global Sourcing Managers are common next-step roles for Strategic Sourcing Managers moving up in their careers; annual pay for Senior Strategic Sourcing Managers is $12K higher on average, and it's $7K higher for Global Sourcing Managers.

Strategic Sourcing Manager Job Listings

Popular Employer Salaries for Strategic Sourcing Manager


Popular Skills for Strategic Sourcing Manager


Survey takers working as Strategic Sourcing Managers report using a large range of professional skills. Most notably, skills in Supplier Management, Contract Negotiation, Vendor Management, and Project Management are correlated to pay that is above average. Skills that pay less than market rate include Data Analysis, Microsoft Office, and Sourcing. People who know Procurement usually also know Negotiation and Project Management. Those educated in Contract Negotiation tend to be well versed in Project Management and Negotiation.

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 $83,000 based on 239 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 $92,000 based on 289 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 $104,000 based on 219 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 $109,000 based on 72 salaries.

Pay Difference by Location

National Average: $93,484

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 Seattle:
"Fast paced, exciting, stressful."
Pros: Relationships with vendors. Tangible savings to bottom line of company. It is never monotonous.
Cons: Stressful. Unrealistic expectations. Other functional groups aren't always moving in the same direction.

Related Job Salaries

Key Stats for Strategic Sourcing Manager

Gender

Female
39 %
Male
61 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 78 votes.
Less than 1 year
1%
1-4 years
22%
5-9 years
35%
10-19 years
30%
20 years or more
11%

Experience Affects Strategic Sourcing Manager Salaries

▲16%

▲12%

National Average
$93,000

▼2%

▼11%

Skills That Affect Strategic Sourcing Manager Salaries





National Average
$93,000

Procurement
▼1%

▼1%

Supply Chain
▼1%

▼1%

▼4%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 78 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

Less than 1 year
1%
1-4 years
22%
5-9 years
35%
10-19 years
30%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 86%
vision benefits
Vision: 82%
no benefits
None: 6%