The average salary for a Strategic Sourcing Manager is $90,104.
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$63k - $120k
$2k - $18k
$829 - $10k
$64k - $131k
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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 l…Read more
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.
Popular Employer Salaries for Strategic Sourcing Manager
The top respondents for the job title Strategic Sourcing Manager are from the companies Cargill, Ericsson Inc. and Morgan Stanley. Reported salaries are highest at Facebook Inc where the average pay is $142,826. Other companies that offer high salaries for this role include Avon Products, Inc. and CBRE Group, earning around $98,750 and $97,190, respectively. Morgan Stanley pays the lowest at around $72,064. Jones Lang LaSalle and Ericsson Inc. also pay on the lower end of the scale, paying $84,000 and $84,497, respectively.
Explore the most common career paths for Strategic Sourcing Manager. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Strategic Sourcing Manager
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Strategic Sourcing Manager Job Listings
Popular Skills for Strategic Sourcing Manager
Skills in Contract Negotiation, Sourcing and Supplier Management are correlated to pay that is above average. Skills that pay less than market rate include Negotiation and Procurement.
Pay by Experience Level for Strategic Sourcing Manager
An entry-level Strategic Sourcing Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $69,407 based on 8 salaries. An early career Strategic Sourcing Manager with 1-4 years of experience earns an average total compensation of $81,340 based on 266 salaries. A mid-career Strategic Sourcing Manager with 5-9 years of experience earns an average total compensation of $90,745 based on 407 salaries. An experienced Strategic Sourcing Manager with 10-19 years of experience earns an average total compensation of $97,427 based on 405 salaries. In their late career (20 years and higher), employees earn an average total compensation of $100,542.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Strategic Sourcing Manager in their job title in San Francisco, California earn an average of 24.8% more than the national average. These job titles also find higher than average salaries in Dallas, Texas (8.7% more) and Houston, Texas (8.5% more). The lowest salaries can be found in Minneapolis, Minnesota (2.1% less) and Chicago, Illinois (0.8% less).
Years of Experience
This data is based on 1,221 survey responses.
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