Strategic Sourcing Specialist salary in Colombia

Average Yearly Salary of Strategic Sourcing Specialist in Colombia is approximately 40,406,281 COP (8,948 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Strategic Sourcing Specialist do?

A Strategic Sourcing Specialist is responsible for managing the procurement process and developing strategic sourcing strategies to optimize costs, improve supplier relationships, and ensure the availability of quality goods and services. They analyze market trends, evaluate suppliers, negotiate contracts, and monitor supplier performance to achieve cost savings and operational efficiencies. They collaborate with cross-functional teams to understand the organization's needs, identify potential suppliers, and implement sourcing plans. Additionally, they stay updated on industry best practices and technological advancements to enhance the sourcing process.

Skills: Strategic Sourcing, Procurement, Supplier Management, Negotiation, Cost Optimization, Supplier Performance
Job industry: Procurement

How much does Strategic Sourcing Specialist make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Strategic Sourcing Specialist a well paid job?

Yes, our data shows that Strategic Sourcing Specialist is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Strategic Sourcing Specialist?

High salary for Strategic Sourcing Specialist would be somewhere between 44,446,909 COP and 58,589,107 COP. However this is an estimation based on Gaussian Distribution.

How much can you save working as Strategic Sourcing Specialist in Colombia?

Living in Colombia the approximate monthly expenses are: 260 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 40,406,281 COP
Estimated Monthly Salary: 3,367,190 COP
Estimated Weekly Salary: 777,044 COP per week
Estimated Hourly Salary: 19,426 COP per hour
By working as Strategic Sourcing Specialist a person can save up to 485 USD per month or 5,823 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Colombia, see costs of living in Colombia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Ecuador, Peru, Brazil, Venezuela, Panama.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Strategic Sourcing Specialist

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Colombia

Data as of 2025

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