Home > Salary > Latvia > Director Strategic Sourcing
The occupation of a Director of Strategic Sourcing involves overseeing and managing the procurement process for an organization. This includes developing and implementing strategies to source goods and services from suppliers, negotiating contracts, and ensuring cost-effectiveness and quality control. The Director of Strategic Sourcing is responsible for identifying potential suppliers, conducting market research, and evaluating supplier performance. They collaborate with various departments within the organization to understand their sourcing needs and align them with the overall business strategy. Additionally, the Director of Strategic Sourcing stays updated on industry trends and best practices to optimize the sourcing process and drive efficiency.
Estimated Yearly Salary: 60,905 EUR
Estimated Monthly Salary: 5,075 EUR
Estimated Weekly Salary: 1,171 EUR per week
Estimated Hourly Salary: 29 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 4,921 EUR
Estimated Weekly Salary: 1,136 EUR per week
Estimated Hourly Salary: 28 EUR per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 61,240 USD
Estimated Monthly Salary: 5,103 USD
Estimated Weekly Salary: 1,178 USD per week
Estimated Hourly Salary: 29 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 60,905 EUR
Estimated Monthly Salary: 5,075 EUR
Estimated Weekly Salary: 1,171 EUR per week
Estimated Hourly Salary: 29 EUR per hour
By working as Director Strategic Sourcing a person can save up to 4,243 USD per month or 50,920 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 Latvia, see costs of living in Latvia.
Estimated Yearly Salary for Director Strategic Sourcing
Last revision of data: 2025-01-04
Data as of 2025
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Director Strategic Sourcing salary in Latvia
Average Yearly Salary of Director Strategic Sourcing in Latvia is approximately 60,905 EUR (61,240 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 Director Strategic Sourcing do?
The occupation of a Director of Strategic Sourcing involves overseeing and managing the procurement process for an organization. This includes developing and implementing strategies to source goods and services from suppliers, negotiating contracts, and ensuring cost-effectiveness and quality control. The Director of Strategic Sourcing is responsible for identifying potential suppliers, conducting market research, and evaluating supplier performance. They collaborate with various departments within the organization to understand their sourcing needs and align them with the overall business strategy. Additionally, the Director of Strategic Sourcing stays updated on industry trends and best practices to optimize the sourcing process and drive efficiency.
Skills: Director, Strategic Sourcing, Procurement, Supplier Management, Contract Negotiation, Cost Optimization, Quality Control
Job industry: Supply chain management
Job industry: Supply chain management
How much does Director Strategic Sourcing make?
Salary details
How much does Director Strategic Sourcing make?Estimated Yearly Salary: 60,905 EUR
Estimated Monthly Salary: 5,075 EUR
Estimated Weekly Salary: 1,171 EUR per week
Estimated Hourly Salary: 29 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 59,056 EUREstimated Monthly Salary: 4,921 EUR
Estimated Weekly Salary: 1,136 EUR per week
Estimated Hourly Salary: 28 EUR per hour
Last revision of data: 2024-01-02Director Strategic Sourcing estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 61,240 USD
Estimated Monthly Salary: 5,103 USD
Estimated Weekly Salary: 1,178 USD per week
Estimated Hourly Salary: 29 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Country:
Salary comparison to National average
Latvia is a country located in Northern Europe, bordered by Estonia to the north, Lithuania to the south, Russia to the east, and Belarus to the southeast. It has a population of approximately 1.9 million people and covers an area of about 64,589 square kilometers.
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Director Strategic Sourcing job salary compared to average salary in Latvia.
Comparison shows that a person working as Director Strategic Sourcing in Latvia earns on average:
3.11 times the average salary (or 311% of average salary).
Estimated national average yearly salary is 19,565 EUR (21,500 USD). Value indicated is pre-tax. Below graph shows estimated Director Strategic Sourcing job salary compared to average salary in Latvia.
Comparison shows that a person working as Director Strategic Sourcing in Latvia earns on average:
3.11 times the average salary (or 311% of average salary).
Is Director Strategic Sourcing a well paid job?
Yes, our data show that Director Strategic Sourcing is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Director Strategic Sourcing?
High salary for Director Strategic Sourcing would be somewhere between 66,996 EUR and 88,312 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Director Strategic Sourcing in Latvia?
Living in Latvia the approximate monthly expenses are: 860 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: 60,905 EUR
Estimated Monthly Salary: 5,075 EUR
Estimated Weekly Salary: 1,171 EUR per week
Estimated Hourly Salary: 29 EUR per hour
By working as Director Strategic Sourcing a person can save up to 4,243 USD per month or 50,920 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 Latvia, see costs of living in Latvia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Estonia, Russia, Belarus, Lithuania.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Director Strategic Sourcing
Estonia is 78,358 USD
Russia is 36,572 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Latvia
(224,317 EUR per year, pre-tax.)
2. Cardiologist
(186,760 EUR per year, pre-tax.)
(179,947 EUR per year, pre-tax.)
4. Neurosurgeon
(174,646 EUR per year, pre-tax.)
(174,433 EUR per year, pre-tax.)
6. Urologist
(170,871 EUR per year, pre-tax.)
(170,733 EUR per year, pre-tax.)
(170,497 EUR per year, pre-tax.)
(169,948 EUR per year, pre-tax.)
(169,943 EUR per year, pre-tax.)
Data as of 2025Random salary:
Dyeing machine operator (15,031 EUR per year, pre-tax.)
Early intervention supervisor (20,543 EUR per year, pre-tax.)
Oil delivery driver (15,467 EUR per year, pre-tax.)
Fitness assistant (12,328 EUR per year, pre-tax.)
Polysomnographic technician (12,620 EUR per year, pre-tax.)
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