Average Strategic Sourcing Manager Salary in Minneapolis, Minnesota

$89,011
Avg. Salary
$6,716
Bonus
$6,500
Profit Sharing
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The average salary for a Strategic Sourcing Manager in Minneapolis, Minnesota is $89,011.
10%
$68k
10%
$89k
50%
$116k
90%
90%
MEDIAN $89,011
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United States (change)
Salary
$68k - $116k
Bonus
$2k - $20k
Profit Sharing
$0 - $7k
Total Pay
$68k - $126k

Your Market Worth Over Time

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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.

Popular Employer Salaries for Strategic Sourcing Manager

$113k

Career Paths

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
Sr. Strategic Sourcing Manager
Director, Strategic Sourcing
Procurement Manager
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Strategic Sourcing Manager Job Listings

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Popular Skills for Strategic Sourcing Manager

Skills that pay less than market rate include Supply Chain, Supplier Management, Contract Negotiation, Sourcing and Negotiation.

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 $77,595 based on 8 salaries. A mid-career Strategic Sourcing Manager with 5-9 years of experience earns an average total compensation of $89,791 based on 12 salaries. An experienced Strategic Sourcing Manager with 10-19 years of experience earns an average total compensation of $99,868 based on 12 salaries.
Employees with Strategic Sourcing Manager in their job title in San Francisco, California earn an average of 26.3% more than the national average. These job titles also find higher than average salaries in Atlanta, Georgia (10.4% more) and Houston, Texas (10.3% more). The lowest salaries can be found in Chicago, Illinois (0.7% less) and Charlotte, North Carolina (0.5% less).

Years of Experience

This data is based on 32 survey responses.
Early Career
25.0%
Mid Career
37.5%
Experienced
37.5%

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