What does a Strategic Sourcing Manager do?

Strategic sourcing managers analyze indirect procurement expenditures by sourcing strategic supply partners, developing sourcing policies, and creating cost estimates and forecasts while simultaneously negotiating equitable and cost-effective supply contracts. They evaluate sourcing procedures and present potential improvement strategies to senior management for review and, ultimately, approval. They analyze and calculate procurement costs and develop cost-reduction strategy proposals. They drive purchasing decisions based on cost and scenario analysis and market trends and negotiate contracts with key suppliers keeping cost, terms of service, supply, and quality in mind.

Strategic sourcing managers collaborate with procurement departments to identify and pursue new suppliers or vendors’ opportunities and conduct market research, cost estimates, and forecasts. Strategic sourcing managers hire, train, and manage procurement department employees to estimate risk while applying risk management techniques and ensuring contracts comply with industry regulations. They maintain strategic sourcing relationships and develop strong partnerships with suppliers. Strategic sourcing managers need a bachelor's degree in business, economics, finance, or related fields.

EducationBachelor's Degree
Work/Life Balance
3.7 ★
Salary Range--
Career Opportunity
3.7 ★
Avg. Experience2-4 years

Strategic Sourcing Manager Salaries

Average Base Pay

$102,371 /yr
Same as national average
Not including cash compensation
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$78K
Median: $102K
$134K
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Glassdoor Estimated Salary

Strategic Sourcing Manager Career Path

Learn how to become a Strategic Sourcing Manager, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

L4
Strategic Sourcing Manager
$102,371/yr
L5
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Strategic Sourcing Manager Insights

Read what Strategic Sourcing Manager professionals have to say about their job experiences and view top companies for this career.
PhilipsPhilips
Senior Strategic Sourcing Manager
Sep. 15, 2021

“Limited opportunity for career development”

OracleOracle
Strategic Sourcing Manager
Sep. 23, 2020

“Very limited career development opportunity in supply chain operations”

ConcentrixConcentrix
Strategic Sourcing Leader
Jul. 6, 2021

“It's the best place to work”

AXA XLAXA XL
Strategic Sourcing
Nov. 2, 2020

“Good work life balance with work from home options.”

DowDow
Strategic Sourcing Manager
Jul. 20, 2020

“People stay because the pay is good.”

PolarisPolaris
Strategic Sourcing Lead
Feb. 1, 2021

“Good People to work with.”

Northeast Georgia Health SystemNortheast Georgia Health System
Strategic Sourcing Manager
Sep. 11, 2021

“workers are great to work with.”

ShopKirana E-TradingShopKirana E-Trading
Strategic Sourcing Manager
Nov. 16, 2021

“Great plan to start or advance your career.”

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Strategic Sourcing Manager Interviews

Related Careers

Corporate Recruiter
$59,769
No skills overlap
Sourcer
$58,795
No skills overlap
Recruiter
$51,012
No skills overlap
Technical Recruiter
$50,059
No skills overlap

Strategic Sourcing Manager jobs

Frequently asked questions about the role and responsibilities of a strategic sourcing manager

The most similar professions to strategic sourcing manager are:
  • Corporate Recruiter
  • Sourcer
  • Recruiter
  • Technical Recruiter

The most common qualifications to become a strategic sourcing manager is a minimum of a Bachelor's Degree and an average of 0 - 1 of experience not including years spent in education and/or training.