Average Strategic Sourcing Manager with Vendor Management Skills Salary

$93,833
Avg. Salary
$8,554
Bonus
$4,000
Profit Sharing
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The average salary for a Strategic Sourcing Manager with Vendor Management skills is $93,833.
10%
$66k
MEDIAN
$94k
90%
$122k
Is Strategic Sourcing Manager your job title? Find out what you should be paid

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United States (change)
Salary
$66k - $122k
Bonus
$2k - $18k
Profit Sharing
$1k - $10k
Total Pay
$67k - $135k

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.

Strategic Sourcing Manager Job Listings

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Popular Skills for Strategic Sourcing Manager

Skills that pay less than market rate include Negotiation, Procurement, Supplier Management, Sourcing 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 $81,450 based on 24 salaries. A mid-career Strategic Sourcing Manager with 5-9 years of experience earns an average total compensation of $91,883 based on 48 salaries. An experienced Strategic Sourcing Manager with 10-19 years of experience earns an average total compensation of $98,210 based on 54 salaries. In their late career (20 years and higher), employees earn an average total compensation of $101,966.

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 33.0% more than the national average. These job titles also find higher than average salaries in Denver, Colorado (10.0% more) and Houston, Texas (3.9% more). The lowest salaries can be found in New York, New York (6.8% less).

Years of Experience

This data is based on 142 survey responses.
Early Career
16.9%
Mid Career
33.8%
Experienced
38.0%
Late Career
11.3%

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