The average salary for a Strategic Sourcing Manager with Strategic Planning skills is $89,781.
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$76k - $118k
$0 - $9k
$81k - $119k
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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.
Explore the most common career paths for Strategic Sourcing Manager. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Strategic Sourcing Manager
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Strategic Sourcing Manager Job Listings
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Popular Skills for Strategic Sourcing Manager
Skills in Contract Negotiation, Sourcing, Supplier Management, Procurement and Negotiation are correlated to pay that is above average.
Years of Experience
This data is based on 5 survey responses.
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