Home > Salary > Monaco > Strategic Sourcing Manager
A Strategic Sourcing Manager is responsible for developing and implementing sourcing strategies to optimize costs, improve supplier performance, and mitigate risks. They identify and evaluate potential suppliers, negotiate contracts, and manage supplier relationships. They work closely with cross-functional teams to understand business requirements and develop sourcing plans accordingly. This role requires strong analytical skills to analyze market trends, assess supplier capabilities, and identify cost-saving opportunities. Additionally, strategic sourcing managers must possess excellent communication and negotiation skills to establish and maintain effective relationships with suppliers.
Estimated Yearly Salary: 346,954 EUR
Estimated Monthly Salary: 28,913 EUR
Estimated Weekly Salary: 6,672 EUR per week
Estimated Hourly Salary: 167 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 27,889 EUR
Estimated Weekly Salary: 6,436 EUR per week
Estimated Hourly Salary: 161 EUR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 347,374 USD
Estimated Monthly Salary: 28,948 USD
Estimated Weekly Salary: 6,680 USD per week
Estimated Hourly Salary: 167 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 346,954 EUR
Estimated Monthly Salary: 28,913 EUR
Estimated Weekly Salary: 6,672 EUR per week
Estimated Hourly Salary: 167 EUR per hour
By working as Strategic Sourcing Manager a person can save up to 21,505 USD per month or 258,056 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 Monaco, see costs of living in Monaco.
Estimated Yearly Salary for Strategic Sourcing Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Medical billingcoding instructor (162,262 EUR per year, pre-tax.)
Program analyst it (245,259 EUR per year, pre-tax.)
Crm business analyst (168,553 EUR per year, pre-tax.)
Security consultant (computing networking information technology) (262,291 EUR per year, pre-tax.)
Lead computer software engineer applications (410,421 EUR per year, pre-tax.)
Strategic Sourcing Manager salary in Monaco
Average Yearly Salary of Strategic Sourcing Manager in Monaco is approximately 346,954 EUR (347,374 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 Manager do?
A Strategic Sourcing Manager is responsible for developing and implementing sourcing strategies to optimize costs, improve supplier performance, and mitigate risks. They identify and evaluate potential suppliers, negotiate contracts, and manage supplier relationships. They work closely with cross-functional teams to understand business requirements and develop sourcing plans accordingly. This role requires strong analytical skills to analyze market trends, assess supplier capabilities, and identify cost-saving opportunities. Additionally, strategic sourcing managers must possess excellent communication and negotiation skills to establish and maintain effective relationships with suppliers.
Skills: strategic sourcing, procurement, supply chain management, supplier management, cost optimization, risk mitigation
Job industry: Procurement
Job industry: Procurement
How much does Strategic Sourcing Manager make?
Salary details
How much does Strategic Sourcing Manager make?Estimated Yearly Salary: 346,954 EUR
Estimated Monthly Salary: 28,913 EUR
Estimated Weekly Salary: 6,672 EUR per week
Estimated Hourly Salary: 167 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 334,665 EUREstimated Monthly Salary: 27,889 EUR
Estimated Weekly Salary: 6,436 EUR per week
Estimated Hourly Salary: 161 EUR per hour
Last revision of data: 2024-01-03Strategic Sourcing Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 347,374 USD
Estimated Monthly Salary: 28,948 USD
Estimated Weekly Salary: 6,680 USD per week
Estimated Hourly Salary: 167 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Monaco is a small sovereign city-state located on the French Riviera. With a population of approximately 38,000 people, it is the second smallest country in the world by population. Covering an area of just 2.02 square kilometers, Monaco is also one of the most densely populated countries globally.
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Strategic Sourcing Manager job salary compared to average salary in Monaco.
Comparison shows that a person working as Strategic Sourcing Manager in Monaco earns on average:
2.04 times the average salary (or 204% of average salary).
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Strategic Sourcing Manager job salary compared to average salary in Monaco.
Comparison shows that a person working as Strategic Sourcing Manager in Monaco earns on average:
2.04 times the average salary (or 204% of average salary).
Is Strategic Sourcing Manager a well paid job?
Yes, our data show that Strategic Sourcing Manager 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 Strategic Sourcing Manager?
High salary for Strategic Sourcing Manager would be somewhere between 381,649 EUR and 503,083 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Strategic Sourcing Manager in Monaco?
Living in Monaco the approximate monthly expenses are: 7,443 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: 346,954 EUR
Estimated Monthly Salary: 28,913 EUR
Estimated Weekly Salary: 6,672 EUR per week
Estimated Hourly Salary: 167 EUR per hour
By working as Strategic Sourcing Manager a person can save up to 21,505 USD per month or 258,056 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 Monaco, see costs of living in Monaco.
Salary comparison to region and neighbouring coutries
Country's neighbours are: France, Italy. 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 Manager
France is 85,553 USD
Italy is 70,420 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 Monaco
(1,948,030 EUR per year, pre-tax.)
2. Cardiologist
(1,613,197 EUR per year, pre-tax.)
(1,564,314 EUR per year, pre-tax.)
4. Neurosurgeon
(1,512,413 EUR per year, pre-tax.)
(1,512,144 EUR per year, pre-tax.)
(1,480,748 EUR per year, pre-tax.)
7. Urologist
(1,478,011 EUR per year, pre-tax.)
(1,476,615 EUR per year, pre-tax.)
9. Oncologist
(1,474,879 EUR per year, pre-tax.)
(1,470,635 EUR per year, pre-tax.)
Data as of 2025Random salary:
Medical billingcoding instructor (162,262 EUR per year, pre-tax.)
Program analyst it (245,259 EUR per year, pre-tax.)
Crm business analyst (168,553 EUR per year, pre-tax.)
Security consultant (computing networking information technology) (262,291 EUR per year, pre-tax.)
Lead computer software engineer applications (410,421 EUR per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=monaco&job=strategic-sourcing-manager'><img src='https://optisalary.com/wp-content/graphs/salary/strategic-sourcing-manager-salary-in-monaco-2025.jpg' alt='strategic sourcing manager salary in monaco 2025' title='strategic sourcing manager salary in monaco 2025' /></a>
Please note:This website presents salary estimates for informational purposes only.
optisalary.com presents salary insights for informational purposes exclusively. While we gather data from various providers, we cannot ensure absolute reliability. Users are advised to review external platforms before making major financial decisions. Salaries shift due to various factors, such as experience, industry trends, and negotiation tactics. We make no guarantee regarding the correctness of the displayed salary figures. Your use of this site confirms your understanding of these terms.
Salary details presented on optisalary.com are intended for reference purposes exclusively. Our data is sourced through multiple sources and may not always be accurate. Users should verify salary information independently before making employment commitments. The figures listed here may fluctuate due to factors such as company policies, experience levels, and demand shifts. We do not guarantee that the data provided is error-free. By accessing optisalary.com, you agree that salary information is offered 'as is' and without assurances.