The average salary for a Strategic Sourcing Manager is $92,521.
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What Do Strategic Sourcing Managers Do?
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.
Job Satisfaction for Strategic Sourcing Manager
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 $125,208. Other companies that offer high salaries for this role include Fiserv Inc and Cardinal Health, Inc., earning around $117,447 and $88,495, 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
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Strategic Sourcing Manager
Sr. Strategic Sourcing Manager
Director, Strategic Sourcing
Somewhat common (8 - 20%)
Strategic Sourcing Manager Job Listings
What Are Popular Skills for Strategic Sourcing Managers?
Skills in Contract Negotiation, Sourcing, Supplier Management and Negotiation are correlated to pay that is above average. Skills that pay less than market rate include Procurement.
What is the Pay by Experience Level for Strategic Sourcing Managers?
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 $71,623 based on 9 salaries. An early career Strategic Sourcing Manager with 1-4 years of experience earns an average total compensation of $82,747 based on 231 salaries. A mid-career Strategic Sourcing Manager with 5-9 years of experience earns an average total compensation of $93,657 based on 374 salaries. An experienced Strategic Sourcing Manager with 10-19 years of experience earns an average total compensation of $99,187 based on 397 salaries. In their late career (20 years and higher), employees earn an average total compensation of $102,257.
Pay Difference by Location
Employees with Strategic Sourcing Manager in their job title in San Francisco, California earn an average of 25.2% more than the national average. These job titles also find higher than average salaries in Atlanta, Georgia (8.6% more) and Dallas, Texas (6.8% more). The lowest salaries can be found in Minneapolis, Minnesota (3.7% less), New York, New York (1.7% less) and Chicago, Illinois (1.2% less).
Years of Experience
This data is based on 1,131 survey responses.