1. What is the average salary of a Head of Strategic Sourcing?
The average annual salary of Head of Strategic Sourcing is $233,577.
In case you are finding an easy salary calculator,
the average hourly pay of Head of Strategic Sourcing is $112;
the average weekly pay of Head of Strategic Sourcing is $4,492;
the average monthly pay of Head of Strategic Sourcing is $19,465.
2. Where can a Head of Strategic Sourcing earn the most?
A Head of Strategic Sourcing'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 Head of Strategic Sourcing earns the most in San Jose, CA, where the annual salary of a Head of Strategic Sourcing is $294,611.
3. What is the highest pay for Head of Strategic Sourcing?
The highest pay for Head of Strategic Sourcing is $287,268.
4. What is the lowest pay for Head of Strategic Sourcing?
The lowest pay for Head of Strategic Sourcing is $195,351.
5. What are the responsibilities of Head of Strategic Sourcing?
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. Implements structured negotiation processes that facilitate supplier negotiations and contracting. Establishes internal stakeholder coordination to define material, quality, and service requirements and standards. Develops vendor partnerships, sets KPI's and goals, and uses scorecards to measure and evaluate vendor performance. 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. 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. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.