1. What is the average salary of a Strategic Sourcing Manager?
The average annual salary of Strategic Sourcing Manager is $132,308.
In case you are finding an easy salary calculator,
the average hourly pay of Strategic Sourcing Manager is $64;
the average weekly pay of Strategic Sourcing Manager is $2,544;
the average monthly pay of Strategic Sourcing Manager is $11,026.
2. Where can a Strategic Sourcing Manager earn the most?
A Strategic Sourcing Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Strategic Sourcing Manager earns the most in San Jose, CA, where the annual salary of a Strategic Sourcing Manager is $166,880.
3. What is the highest pay for Strategic Sourcing Manager?
The highest pay for Strategic Sourcing Manager is $153,753.
4. What is the lowest pay for Strategic Sourcing Manager?
The lowest pay for Strategic Sourcing Manager is $108,680.
5. What are the responsibilities of Strategic Sourcing Manager?
Manages sourcing operations that build value-driven vendor partnerships with a focus on risk management, reliability, and cost-effectiveness that support overall organizational strategies. Follows structured negotiation processes to conduct supplier negotiations and contracting. Coordinates with internal stakeholders to define material, quality, and service requirements and standards. Nurtures vendor partnerships, tracks KPI's and goals and monitors scorecards to measure and evaluate vendor performance. Evaluates new sources, methods, and vendors to ensure a reliable supply of materials. Studies market intelligence and conducts frequent market analysis and benchmarking to anticipate price fluctuations. Manages processes, creates efficiencies, and controls costs using ERP systems and software tools. Requires a bachelor's degree. Typically reports to a senior manager or director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.