Average Mid-Career Strategic Sourcing Manager with Contract Negotiation Skills Salary in Chicago, Illinois

$103,245
Avg. Salary
$12,245
Bonus
$8,500
Profit Sharing
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The average salary for a Mid-Career Strategic Sourcing Manager with Contract Negotiation skills in Chicago, Illinois is $103,245.
10%
$78k
MEDIAN
$103k
90%
$133k
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United States (change)
Salary
$78k - $133k
Bonus
$8k - $21k
Profit Sharing
$0 - $9k
Total Pay
$84k - $153k
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Job Description for Strategic Sourcing Manager

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.

Strategic Sourcing Manager Job Listings

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Popular Skills for Strategic Sourcing Manager

Skills that pay less than market rate include Supplier Management, Data Analysis, Procurement and Sourcing.

Pay by Experience Level for Strategic Sourcing Manager

An early career Strategic Sourcing Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $85,869 based on 7 salaries. An experienced Strategic Sourcing Manager with 10-19 years of experience earns an average total compensation of $101,947 based on 5 salaries.
Employees with Strategic Sourcing Manager in their job title in Boston, Massachusetts earn an average of 16.1% more than the national average. These job titles also find higher than average salaries in San Francisco, California (15.5% more). The lowest salaries can be found in Milwaukee, Wisconsin (29.5% less), Wayzata, Minnesota (16.9% less) and Denver, Colorado (6.7% less).

Years of Experience

This data is based on 12 survey responses.
Early Career
58.3%
Experienced
41.7%

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