The average salary for an Early-Career Strategic Sourcing Manager with Sourcing skills in Chicago, Illinois is $87,490.
Is Strategic Sourcing Manager your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
$80k - $92k
$0 - $9k
$80k - $106k
Find your market worth – how it works:
Tell us about your job and pay factors like skills and education
Find your market worth with a report tailored to you
Negotiate your pay with confidence
Job Description for Strategic Sourcing Manager
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.
Strategic Sourcing Manager Job Listings
Search for more jobs
Popular Skills for Strategic Sourcing Manager
Skills that pay less than market rate include Supplier Management, Procurement and Contract Negotiation.
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 14.3% more than the national average. These job titles also find higher than average salaries in Atlanta, Georgia (2.9% more). The lowest salaries can be found in Rockville, Maryland (21.1% less), Minneapolis, Minnesota (9.8% less) and New York, New York (0.9% less).
Years of Experience
This data is based on 9 survey responses.
Related Job Salaries
$48k - $111k
$28k - $55k
$45k - $81k
$53k - $98k
$51k - $97k
$42k - $84k
$33k - $68k
$40k - $76k
$62k - $100k
$41k - $102k