How much does a Strategic Sourcing Director make in Newport, RI? The average Strategic Sourcing Director salary in Newport, RI is $214,433 as of September 01, 2024, but the range typically falls between $189,765 and $240,436. 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.
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Job Description for Strategic Sourcing Director
Strategic Sourcing Director 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. Being a Strategic Sourcing Director coordinates internal stakeholders 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. Additionally, Strategic Sourcing Director 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 Sourcing Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be a Strategic Sourcing Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)...
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Career Path for Strategic Sourcing Director
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 Director, the first career path typically progresses to Head of Strategic Sourcing.
Strategic Sourcing Director Pay Difference by Location
Strategic Sourcing Director salary varies from city to city.
Compared with national average salary of Strategic Sourcing Director, the highest Strategic Sourcing Director salary is in San Francisco, CA, where the Strategic Sourcing Director salary is 25.0% above.
The lowest Strategic Sourcing Director salary is in Miami, FL, where the Strategic Sourcing Director salary is 3.5% lower than national average salary.
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About Newport, Rhode Island
Newport is a seaside city on Aquidneck Island in Newport County, Rhode Island, located approximately 33 miles (53 km) southeast of Providence, Rhode Island, 20 miles (32 km) south of Fall River, Massachusetts, 73 miles (117 km) south of Boston, and 180 miles (290 km) northeast of New York City. It is known as a New England summer resort and is famous for its historic mansions and its rich sailing history. It was the location of the first U.S. Open tournaments in both tennis and golf, as well as every challenge to the America's Cup between 1930 and 1983. It is also the home of Salve Regina Univ...
Source: Wikipedia (as of 04/11/2019). Read more from
Wikipedia
Strategic Sourcing Director Salary by Global Country
Strategic Sourcing Director salary varies from country to country.
There are several factors that mainly impact the Strategic Sourcing Director salary, including cost of living, economic conditions, market rates and legal differences.
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Browse Related Job Categories With Strategic Sourcing Director
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Understand the total compensation opportunity for a Strategic Sourcing Director, base salary plus other pay elements
Average Base Salary
Core compensation
Average Total Cash Compensation
Includes base and annual incentives
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Strategic Sourcing Director in Newport, RI. The base salary for Strategic Sourcing Director ranges from $189,765 to $240,436 with the average base salary of $214,433. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $213,147 to $297,645 with the average total cash compensation of $252,823.
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About Newport, Rhode Island Newport is a seaside city on Aquidneck Island in Newport County, Rhode Island, located approximately 33 miles (53 km) southeast of Providence, Rhode I....More
Newport, Rhode Island area prices were up 1.6% from a year ago View the Cost of Living in Newport, Rhode Island
Strategic Sourcing Director Salary in popular cities:
Providence, Warwick, Cranston
Skills associated with Strategic Sourcing Director:
ERP Systems, Risk Management, Supplier Risk Management Software, Vendor Development
...More
Jobs with a similar salary range to Strategic Sourcing Director :
Director of Strategic Sourcing, Director of Global Sourcing, Director of Sourcing
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