The average salary for a Mid-Career Strategic Sourcing Manager with Supplier Management skills in Wayzata, Minnesota is $85,810.
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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.
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Pay Difference by Location
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Employees with Strategic Sourcing Manager in their job title in San Francisco, California earn an average of 30.5% more than the national average. These job titles also find higher than average salaries in Seattle, Washington (28.2% more) and Houston, Texas (16.1% more). The lowest salaries can be found in New York, New York (5.2% less).
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