Strategic Sourcing Specialist IV Salary in Chicago, Illinois

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Strategic Sourcing Specialist IV Salary in Chicago, IL

How much does a Strategic Sourcing Specialist IV make in Chicago, IL? The average Strategic Sourcing Specialist IV salary in Chicago, IL is $132,404 as of May 28, 2024, but the range typically falls between $117,636 and $148,502. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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Strategic Sourcing Specialist IV Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Strategic Sourcing Specialist IV Salary $104,191 Chicago,IL May 28, 2024
25th Percentile Strategic Sourcing Specialist IV Salary $117,636 Chicago,IL May 28, 2024
50th Percentile Strategic Sourcing Specialist IV Salary $132,404 Chicago,IL May 28, 2024
75th Percentile Strategic Sourcing Specialist IV Salary $148,502 Chicago,IL May 28, 2024
90th Percentile Strategic Sourcing Specialist IV Salary $163,159 Chicago,IL May 28, 2024
25% $117,636 10% $104,191 90% $163,159 75% $148,502 $132,404 50%(Median) Didn’t find job title? Click
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Check out Strategic Sourcing Specialist Job Openings in Chicago, Illinois

Strategic Sourcing Specialist

Lactalis USA - Chicago, IL

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Strategic Sourcing Specialist

DivIHN Integration Inc - Naperville, IL

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Strategic Supply Chain Sourcing Specialist

Ipsen - Cherry Valley, IL

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Strategic Sourcing & Procurement Specialist

College of American Pathologists - Winnetka, IL

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Job Description for Strategic Sourcing Specialist IV

Strategic Sourcing Specialist IV conducts strategic sourcing activities supporting the organization's objectives for value-driven vendor partnerships and focused on risk management, reliability, and cost-effectiveness. Participates in supplier negotiations and contract preparation using structured processes. Being a Strategic Sourcing Specialist IV coordinates with internal stakeholders to define material, quality, and service requirements and standards. Supports vendor partnerships and monitors performance using established KPI's, goals, and scorecards. Additionally, Strategic Sourcing Specialist IV integrates new sources, methods, and vendors to ensure a reliable supply of materials. Reviews market intelligence and analysis to anticipate price fluctuations. Uses ERP systems and other software tools to manage processes, create efficiencies, and control costs. Typically requires a bachelor's degree. Typically reports to a manager. The Strategic Sourcing Specialist IV work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be a Strategic Sourcing Specialist IV typically requires 7+ years of related experience. (Copyright 2024 Salary.com)... View full job description

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Salary.com job board provides millions of Strategic Sourcing Specialist IV information for you to search for. Click on search button below to see Strategic Sourcing Specialist IV job openings or enter a new job title here.

Job Openings for Strategic Sourcing Specialist IV in Chicago, IL
  • Lactalis USA - Chicago, IL
    Description. JOB TITLE: Strategic Sourcing Specialist (Marketing). REPORTING TO: Sr. Director, Purchasing - Indirect. LOCATION: Buffalo, NY or Chicago, IL....
    - 4 Days Ago
  • DivIHN Integration Inc - Naperville, IL
    DivIHN (pronounced “divine”) is a CMMI ML3-certified Technology and Talent solutions firm. Driven by a unique Purpose, Culture, and Value Delivery Model, w...
    - 6 Days Ago
  • Ipsen - Cherry Valley, IL
    Job Type. Full-time. Description. Ipsen is a Drug Free Workplace. As a Senior Sourcing Specialist, you will play a crucial role in ensuring the success and...
    - 3 Days Ago
  • College of American Pathologists - Winnetka, IL
    Who we are. As the world's largest organization of board-certified pathologists and leading provider of laboratory accreditation and proficiency testing pr...
    - 4 Days Ago
  • Ignite Recruitment - Chicago, IL
    The Strategic Sourcing Specialist is a vital member of the North American Strategic Procurement team. As a specialist, you will be responsible for developi...
    - 3 Days Ago

Career Path for Strategic Sourcing Specialist IV

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Strategic Sourcing Specialist IV, the first career path typically starts with a Strategic Sourcing Specialist V position, and then progresses to Strategic Sourcing Supervisor.

Additionally, the second career path typically progresses to Sustainable Sourcing Manager.

Strategic Sourcing Specialist IV
Strategic Sourcing Specialist V
Sustainable Sourcing Manager
Strategic Sourcing Supervisor
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Strategic Sourcing Specialist IV Pay Difference by Location

Strategic Sourcing Specialist IV salary varies from city to city. Compared with national average salary of Strategic Sourcing Specialist IV, the highest Strategic Sourcing Specialist IV salary is in San Francisco, CA, where the Strategic Sourcing Specialist IV salary is 25.0% above. The lowest Strategic Sourcing Specialist IV salary is in Miami, FL, where the Strategic Sourcing Specialist IV salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

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Understand the total compensation opportunity for a Strategic Sourcing Specialist IV, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
117636
148502
132404

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
124459
163528
142563
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Strategic Sourcing Specialist IV in Chicago, IL. The base salary for Strategic Sourcing Specialist IV ranges from $117,636 to $148,502 with the average base salary of $132,404. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $124,459 to $163,528 with the average total cash compensation of $142,563.
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117636
148502

 

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About Chicago, Illinois    Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois  area prices were up 0.8% from a year ago    View the Cost of Living in Chicago, Illinois

Strategic Sourcing Specialist IV Salary in popular cities: Aurora, Rockford, Joliet

Skills associated with Strategic Sourcing Specialist IV: Vendor Relationships, Risk Management, Reliability Analysis, ERP Systems ...More

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