The average salary for a Strategic Sourcing Manager at Morgan Stanley is $72,064.
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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.
Popular Employer Salaries for Strategic Sourcing Manager
The top respondents for the job title Strategic Sourcing Manager are from the companies Cargill, Ericsson Inc. and Facebook Inc. Reported salaries are highest at Facebook Inc where the average pay is $134,500. Other companies that offer high salaries for this role include The Walt Disney Company and CBRE Group, earning around $101,130 and $98,990, respectively. W. L. Gore & Associates pays the lowest at around $70,927. Jones Lang LaSalle and Ericsson Inc. also pay on the lower end of the scale, paying $84,000 and $84,497, respectively.
Strategic Sourcing Manager Job Listings
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Popular Skills for Strategic Sourcing Manager
Skills that pay less than market rate include Sourcing, Procurement, Microsoft Office and Data Analysis.
Pay Difference by Location
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Years of Experience
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