Avg. Base Salary (USD)
The average salary for a Strategic Sourcing Manager is $71,329 in 2024
What is the Pay by Experience Level for Strategic Sourcing Managers?
An early career Strategic Sourcing Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $66,474 based on 5 salaries. An experienced Strategic Sourcing Manager with 10-19 years of experience earns an average total compensation of $96,519 based on 5 salaries.
What Do Strategic Sourcing Managers Do?
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 …Read more
FAQs About Strategic Sourcing Managers
What is the highest pay for Strategic Sourcing Managers in Cleveland?
Our data indicates that the highest pay for a Strategic Sourcing Manager in Cleveland is $NaN / year
What is the lowest pay for Strategic Sourcing Managers in Cleveland?
Our data indicates that the lowest pay for a Strategic Sourcing Manager in Cleveland is $NaN / year
How can Strategic Sourcing Managers increase their salary?
Increasing your pay as a Strategic Sourcing Manager is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Strategic Sourcing Manager that oversees more junior Strategic Sourcing Managers, this experience can increase the likelihood to earn more.