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Salary and Benefits

Sourcing Manager
$58K-$71K / yr. (est.)
$58K
$64,805 / year
$71K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Sourcing Manager

What does a Sourcing Manager do?

As Sourcing Managers, we are responsible for handling the company’s sourcing operations such as spending, supplying all the partners, and searching for new possibilities. We manage the company’s supply portfolio by analyzing and calculating the costs of procurements and providing methods to decrease expenditure. We develop negotiation strategies and secure profitable deals with the optimization of sourcing procedures, maximizing the efficiency, discovering, and then partnering with trustworthy vendors and suppliers.

Core tasks:

  • guarentee agreement on terms and processes by cooperating with stakeholders
  • research and anticipate shifts in the negotiating power of suppliers
  • perform cost and scenario analysis and benchmarking
  • estimate risks and apply risk minimizing techniques

Insights

How Many Years of Experience Do Professionals Need Before Becoming Sourcing Manager?
On average, people work 7+ years in other positions prior to becoming a Sourcing Manager.
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Business AnalystSan Francisco, CA - 10 months ago
🤔 I guess all that previous work experience really pays off as a Sourcing Manager. Can't underestimate the value of knowledge!
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Customer Service RepresentativeMiami, FL - 10 months ago
Oh, come on! 7+ years? And here I was hoping for a shortcut to becoming a Sourcing Manager. 😫
How Long Do Sourcing Manager Employees Typically Stay in Their Roles?
On average, Sourcing Managers works in this position for 3-5 years across multiple employers.
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Supply Chain AnalystNew York City, NY - 10 months ago
Yo, but who's counting anyway? We all just gotta hustle and find the best opportunities out there! 🙌
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Executive AssistantMiami, FL - 10 months ago
💁 Well, it's not ideal, but if you move up the ladder quickly, it means you're doing something right!
What Is the Job Hopper Score for Sourcing Manager Employees?
Moderate job changes in Sourcing Manager, showing some career movement without excessive turnover.
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Sales AssociateHouston, TX - 10 months ago
Honestly, I've never really understood what sourcing managers do. Can someone explain it to me in plain words?
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Data ScientistMiami, FL - 10 months ago
Um, are sourcing managers truly necessary? Seems like a lot of unnecessary complexity to me! 🤔

Career path

Path to job

Discover a Sourcing Manager's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Sourcing Manager typically studied at.
Fashion Institute of Technology
Michigan State University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Sourcing Manager Employees?
Gender ratio in Sourcing Manager position: 0.610242179616549 Male and 0.389757820383451 Female. Age ratio in Sourcing Manager position: 16-20: 2%, 21-30: 44%, 31-40: 37%, 41-50: 13%, 51-60: 4%, 60+: 0%. Sourcing Manager position is predominantly male (61.0%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Sourcing ManagerHouston, TX - 10 months ago
These numbers are disheartening. How can we work towards equal representation and inclusivity in this role? 😔
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Sourcing ManagerPhoenix, AZ - 10 months ago
What can we do to change this statistic? It's time for more women and older individuals to be represented as Sourcing Managers! 💪

Workplaces

Who Are the Top Employers for Sourcing Manager?
Top employers of Sourcing Manager position: AT&T, Cummins, Facebook. People who work in Sourcing Manager position most typically go on to work for the AT&T.
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Sourcing ManagerNew York City, NY - 10 months ago
Cummins is the superior choice for Sourcing Managers as they prioritize employee development and have a fantastic work culture.
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Sourcing ManagerSan Francisco, CA - 10 months ago
Facebook truly values innovation and provides incredible opportunities for Sourcing Managers to work on cutting-edge projects.
AT&T
Cummins
Facebook
What Industries Does Sourcing Manager Typically Have Experience In?
Industry Background: The most typical industries of Sourcing Manager: Retail, Manufacturing, Information Technology, Professional / Scientific / Technical, Finance & Insurance. Sourcing Manager employees most likely come from a Retail industry background.
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Sourcing ManagerHouston, TX - 10 months ago
Actually, I think it's more than just that. They also oversee supplier relationships and manage the whole supply chain process, ensuring everything runs smoothly. 😎
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Sourcing ManagerMiami, FL - 10 months ago
Well, no need to get all worked up about it! It's important to remember that a Sourcing Manager plays a critical role in reducing costs and increasing efficiency for their company. 👍

Find your job as Sourcing Manager

Discussion about Sourcing Manager

Want to know more about Sourcing Manager position?
Share your thoughts and ideas about Sourcing Manager position with others in our community.
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Do a lot of women work as a Sourcing Manager?
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Liam Brown3 years ago
More men than women work as a Sourcing Manager.
What is the typical age to work as a Sourcing Manager?
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Liam Brown3 years ago
32 is the average age of people working as a Sourcing Manager.
How many years of experience do you usually have as a Sourcing Manager?
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Sophie Hayes3 years ago
You should work for 7 years on average to become a Sourcing Manager.
Which industries are highly likely to employ a Sourcing Manager?
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Sophie Hayes3 years ago
Manufacturing is the most frequent for a Sourcing Manager.
Do I need a degree to work as a Sourcing Manager?
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Sophie Hayes3 years ago
Most people have a Bachelor of Science degree
As a Sourcing Manager, which company should I definitely check out for jobs?
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Benjamin Gardner3 years ago
Working as a Sourcing Manager it might be a good next step to work for AT&T, Cummins, Facebook, Target and Walmart
How long do you usually work as a Sourcing Manager before changing to another position?
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Benjamin Gardner3 years ago
A Sourcing Manager typically changes positions after 4 years.
Is it common for people to switch companies and still work as a Sourcing Manager?
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Benjamin Gardner3 years ago
A typical Sourcing Manager might work for one or two companies.
What do people usually work as before switching to Sourcing Manager?
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Sophie Hayes3 years ago
Buyer, Purchasing Manager or Strategic Sourcing Manager are the typical prior positions for a Sourcing Manager
What are the typical next steps for someone working as a Sourcing Manager?
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Liam Brown3 years ago
Changing from a Sourcing Manager to Strategic Sourcing Manager, Procurement Manager or Director, Strategic Sourcing is a typical career path.
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