Strategic Supplier Sourcing Executive Salary in the United States

The Strategic Supplier Sourcing Executive implements structured negotiation processes that facilitate supplier negotiations and contracting. Defines and implements the organization's overall sourcing strategy and leads operations that build value-driven vendor partnerships focusing on risk management, reliability, and cost-effectiveness. Being a Strategic Supplier Sourcing Executive develops vendor partnerships, sets KPI's and goals, and uses scorecards to measure and evaluate vendor performance. Establishes internal stakeholder coordination to define material, quality, and service requirements and standards. In addition, Strategic Supplier Sourcing Executive explores and obtains 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. Deploys ERP systems and other software tools to manage processes, create efficiencies, and control costs. Requires a bachelor's degree. Typically reports to top management. The Strategic Supplier Sourcing Executive manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Working as a Strategic Supplier Sourcing Executive typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)

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