Average Strategic Sourcing Manager with Sourcing Skills Salary in Chicago, Illinois

$91,365
Avg. Salary
$8,500
Bonus
$8,500
Profit Sharing
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The average salary for a Strategic Sourcing Manager with Sourcing skills in Chicago, Illinois is $91,365.
10%
$69k
MEDIAN
$91k
90%
$116k
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United States (change)
Salary
$69k - $116k
Bonus
$2k - $17k
Profit Sharing
$0 - $9k
Total Pay
$72k - $127k
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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 in Procurement, Supplier Management and Negotiation are correlated to pay that is above average. Skills that pay less than market rate include Data Analysis and Contract 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 $87,490 based on 6 salaries. A mid-career Strategic Sourcing Manager with 5-9 years of experience earns an average total compensation of $99,194 based on 9 salaries. An experienced Strategic Sourcing Manager with 10-19 years of experience earns an average total compensation of $101,024 based on 5 salaries.
Employees with Strategic Sourcing Manager in their job title in San Francisco, California earn an average of 31.8% more than the national average. These job titles also find higher than average salaries in Denver, Colorado (10.2% more) and Dallas, Texas (9.4% more). The lowest salaries can be found in Minneapolis, Minnesota (7.3% less) and New York, New York (1.1% less).

Years of Experience

This data is based on 20 survey responses.
Early Career
30.0%
Mid Career
45.0%
Experienced
25.0%

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