How much does a Strategic Sourcing Specialist I make in Chicago, IL? The average Strategic Sourcing Specialist I salary in Chicago, IL is $70,190 as of April 24, 2024, but the range typically falls between $62,672 and $78,756. 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. 

Strategic Sourcing Specialist I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Strategic Sourcing Specialist I Salary $55,827 Chicago,IL April 24, 2024
25th Percentile Strategic Sourcing Specialist I Salary $62,672 Chicago,IL April 24, 2024
50th Percentile Strategic Sourcing Specialist I Salary $70,190 Chicago,IL April 24, 2024
75th Percentile Strategic Sourcing Specialist I Salary $78,756 Chicago,IL April 24, 2024
90th Percentile Strategic Sourcing Specialist I Salary $86,556 Chicago,IL April 24, 2024
25% $62,672 10% $55,827 90% $86,556 75% $78,756 $70,190 50%(Median) Didn’t find job title? Click
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Job Description for Strategic Sourcing Specialist I

Strategic Sourcing Specialist I 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 I 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 I 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 I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Strategic Sourcing Specialist I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Strategic Sourcing Specialist I in Chicago, IL
  • The Senior Director, Strategic Sourcing and Procurement (the Senior Director) is responsible for directing and overseeing all aspects of strategic sourcing...
    - 3 Days Ago
  • Job Description:Global Director, Strategic Sourcing – Digital Technologies (IT)As a Global Director, Strategic Sourcing at Mars, you will be accountable fo...
    - 4 Days Ago
  • If you are currently employed at Smithfield, please log into Workday and submit your application through the Jobs Hub. A great job-and a great future-await...
    - 2 Days Ago
  • Description. JOB TITLE: Strategic Sourcing Specialist (Marketing). REPORTING TO: Sr. Director, Purchasing - Indirect. LOCATION: Buffalo, NY or Chicago, IL....
    - 2 Days Ago
  • JOB TITLE: Strategic Sourcing Specialist (Marketing). REPORTING TO: Sr. Director, Purchasing - Indirect. LOCATION: Buffalo, NY or Chicago, IL. Lactalis Her...
    - 5 Days Ago

Career Path for Strategic Sourcing Specialist I

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 I, the first career path typically starts with a Strategic Sourcing Specialist II position, and then progresses to Strategic Sourcing Specialist IV.

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

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

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Average Base Salary

Core compensation

 
 
 
62672
78756
70190

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
63960
82325
71698
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Strategic Sourcing Specialist I in Chicago, IL. The base salary for Strategic Sourcing Specialist I ranges from $62,672 to $78,756 with the average base salary of $70,190. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $63,960 to $82,325 with the average total cash compensation of $71,698.
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62672
78756

 

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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 I Salary in popular cities: AuroraRockfordJoliet

Skills associated with Strategic Sourcing Specialist I: ERP Systems, Risk Management, Vendor Relationships, Supplier Risk Management Software ...More

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