How much does a Strategic Sourcing Specialist III make in the United States? The average Strategic Sourcing Specialist III salary in the United States is $102,198 as of March 26, 2024, but the range typically falls between $89,735 and $115,008. 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 III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Strategic Sourcing Specialist III Salary $78,387 US March 26, 2024
25th Percentile Strategic Sourcing Specialist III Salary $89,735 US March 26, 2024
50th Percentile Strategic Sourcing Specialist III Salary $102,198 US March 26, 2024
75th Percentile Strategic Sourcing Specialist III Salary $115,008 US March 26, 2024
90th Percentile Strategic Sourcing Specialist III Salary $126,671 US March 26, 2024
25% $89,735 10% $78,387 90% $126,671 75% $115,008 $102,198 50%(Median) Didn’t find job title? Click
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Job Description for Strategic Sourcing Specialist III

Strategic Sourcing Specialist III 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 III 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 III 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 III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Strategic Sourcing Specialist III typically requires 4 -7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Career Path for Strategic Sourcing Specialist III

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

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

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

 
 
 
89735
115008
102198

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
93322
122866
108009
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Strategic Sourcing Specialist III in the United States. The base salary for Strategic Sourcing Specialist III ranges from $89,735 to $115,008 with the average base salary of $102,198. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $93,322 to $122,866 with the average total cash compensation of $108,009.
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89735
115008

 

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

Recently searched related titles: Sourcing Analyst, Strategic Sourcing Analyst

Recently searched related titles: Global Strategic Sourcing Analyst

Jobs with a similar salary range to Strategic Sourcing Specialist III : Senior Analyst, Strategic Sourcing, Sourcing Specialist, Strategic Sourcing Analyst III

Salary estimation for Strategic Sourcing Specialist III at companies like : ANSEP Career Explorations, Health Technologies Inc, DHI - Dalbo Holdings Inc

Strategic Sourcing Specialist III Salary in United States
Strategic Sourcing Specialist III Salary Graph, Regional Distribution and Summary