What does a Sourcing Manager do?

Sourcing managers analyze and direct the costs and expenditures related to a company's procurement. They source a company's strategic supply partners and develop sourcing policies. Sourcing managers also create cost estimates and forecasts for the procurement and negotiate reasonable and cost-effective contracts. They evaluate sourcing procedures, present improvement strategies for senior management approval, and analyze and calculate procurement costs and research and develop cost reduction strategies.

Sourcing managers drive purchasing decisions based on scenario analysis, market trends, and cost and negotiate contracts with key suppliers. They collaborate with the procurement department and identify and follow up with potential new suppliers. They conduct market research, create forecasts and cost estimates, and are responsible for hiring, training, and managing procurement department employees. They maintain strategic sourcing relationships, develop strong partnerships, and need a bachelor's degree in business, economics, finance, logistics, or related fields and at least four years of procurement experience in a related industry.

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Work/Life Balance
3.6 ★
Salary Range--
Career Opportunity
3.5 ★
Avg. Experience5-7 years

Sourcing Manager Salaries

Average Base Pay

$8,000 /month
Same as national average
Not including cash compensation
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Median: $8K
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Glassdoor Estimated Salary

Sourcing Manager Career Path

Learn how to become a Sourcing Manager, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

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Sourcing Manager Insights

Read what Sourcing Manager professionals have to say about their job experiences and view top companies for this career.
Bundl Technologies
Sourcing Manager
28 Jul 2021

“Things were great to work there but I don't know what is the current situation.”

Sourcing Manager
10 Sep 2020

“The career development path is very related to in what way or manner your manager wants to support you and not depend on your performance.”

Pratt & WhitneyPratt & Whitney
Sourcing Manager
10 Mar 2020

“Politics and no clearly defined career path”

Sourcing Manager
4 Sep 2019

“Internal issues and that's affecting our daily job and performance”

Provincial Health Services AuthorityProvincial Health Services Authority
Sourcing Manager
16 Sep 2021

“Career development support is weak.”

Sourcing Manager
19 Jul 2019

“Good salary and package.”

Hana Tour
Hotel Sourcing Manager
5 Jul 2021

“Good work and life balance.”

Global Sourcing Director
31 Aug 2021

“Good culture and identity.”

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Sourcing Manager Interviews

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