The average salary for an Entry-Level Strategic Sourcing Manager is $70,204.
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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
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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 $82,345 based on 265 salaries. A mid-career Strategic Sourcing Manager with 5-9 years of experience earns an average total compensation of $91,500 based on 410 salaries. An experienced Strategic Sourcing Manager with 10-19 years of experience earns an average total compensation of $97,379 based on 411 salaries. In their late career (20 years and higher), employees earn an average total compensation of $100,654.
Years of Experience
This data is based on 1,220 survey responses.
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