Salary Data

Sourcing Manager Salary

How much does a Sourcing Manager make in the United States?
Get the insights on the salary, benefits, education, and job description.
Salary Data for Sourcing Manager

$70,627 (USD)/yr

$34 (USD)/hr

$3,983 (USD)/yr

$69,740 (USD)/yr

$34 (USD)/hr

$3,983 (USD)/yr

Job Description
Manages supplier relationships as it relates to administrative and operational activities and issues, and optimizes the value in the vendor/business unit relationship. Manages all aspects of the development, negotiation, and execution of contracts with suppliers. Identifies and negotiates contract opportunities to leverage the buying power of the organization in order to lower the cost of procurement of goods and services. Identifies and understands the business's requirements and leads a strategic sourcing process of selecting the vendors that can best meet those requirements at the highest value. Ensures that contracts meet all regulations and customer needs.
The average sourcing manager salary in United States is $70,627 or an equivalent hourly rate of $34. In addition, they earn an average bonus of $3,983. Salary estimates based on salary survey data collected directly from employers and anonymous employees in United States.
Compensation Data Based on Experience

$50,582 (USD)

$87,154 (USD)

Education

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Salary Potential

$81,876 (USD)

16 %

Based on our compensation data, the estimated salary potential for Sourcing Manager will increase 16 % over 5 years.

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About The Data
The above data is a sample of data available in ERI's Global Salary Calculator. The Global Salary Calculator provides compensation data for over 45,000 positions in 8,000+ cities in 69 countries. If you need to calculate competitive levels of salaries, incentives and total compensation by industry, organization size and salary planning date, please view a demonstration version of ERI's Salary Assessor, which is used by the majority of the Fortune 500 for salary survey data and compensation planning.
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