Strategic Sourcing Manager Salary in Andover, New Jersey

How much does a Strategic Sourcing Manager make in Andover, NJ? The average Strategic Sourcing Manager salary in Andover, NJ is $145,474 as of December 27, 2022, but the range typically falls between $125,314 and $165,367. 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. 

About Andover, New Jersey    Andover is a borough in Sussex County, New Jersey, United States. As of the 2010 United States Census, the borough's population was 606, reflecting a ....More

Andover, New Jersey  area prices were up 1.5% from a year ago    View the Cost of Living in Andover, New Jersey

Job Description

Manages sourcing operations that build value-driven vendor partnerships with a focus on risk management, reliability, and cost-effectiveness that support overall organizational strategies. Follows structured negotiation processes to conduct supplier negotiations and contracting. Coordinates with internal stakeholders to define material, quality, and service requirements and standards. Nurtures vendor partnerships, tracks KPI's and goals and monitors scorecards to measure and evaluate vendor performance. Evaluates 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. Manages processes, creates efficiencies, and controls costs using ERP systems and software tools. Requires a bachelor's degree. Typically reports to a senior manager or director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2023 Salary.com)

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Understand the total compensation opportunity for a Strategic Sourcing Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
125314
165367
145474

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
132143
183450
154701
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Strategic Sourcing Manager in Andover, NJ. The base salary for Strategic Sourcing Manager ranges from $125,314 to $165,367 with the average base salary of $145,474. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $132,143 to $183,450 with the average total cash compensation of $154,701.
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125314
165367

 

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Career Path for this job

  1. Down a level:

    Strategic Sourcing Supervisor

    3 - 5 years experience
    Bachelor's Degree

  2. This Job:

    Strategic Sourcing Manager

    5 + years experience
    Bachelor's Degree

  3. Up a level:

    Strategic Sourcing Senior Manager


    Bachelor's Degree

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Job Openings for Strategic Sourcing Manager in Andover, NJ