Home > Salary > Monaco > Strategic Sourcing Specialist
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.
Estimated Yearly Salary: 255,544 EUR
Estimated Monthly Salary: 21,295 EUR
Estimated Weekly Salary: 4,914 EUR per week
Estimated Hourly Salary: 123 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 20,621 EUR
Estimated Weekly Salary: 4,759 EUR per week
Estimated Hourly Salary: 119 EUR per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 256,023 USD
Estimated Monthly Salary: 21,335 USD
Estimated Weekly Salary: 4,924 USD per week
Estimated Hourly Salary: 123 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: 255,544 EUR
Estimated Monthly Salary: 21,295 EUR
Estimated Weekly Salary: 4,914 EUR per week
Estimated Hourly Salary: 123 EUR per hour
By working as Strategic Sourcing Specialist a person can save up to 13,892 USD per month or 166,705 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 Specialist
Last revision of data: 2025-01-04
Data as of 2025
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Strategic Sourcing Specialist salary in Monaco
Average Yearly Salary of Strategic Sourcing Specialist in Monaco is approximately 255,544 EUR (256,023 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
Job industry: Procurement
How much does Strategic Sourcing Specialist make?
Salary details
How much does Strategic Sourcing Specialist make?Estimated Yearly Salary: 255,544 EUR
Estimated Monthly Salary: 21,295 EUR
Estimated Weekly Salary: 4,914 EUR per week
Estimated Hourly Salary: 123 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 247,449 EUREstimated Monthly Salary: 20,621 EUR
Estimated Weekly Salary: 4,759 EUR per week
Estimated Hourly Salary: 119 EUR per hour
Last revision of data: 2024-01-06Strategic Sourcing Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 256,023 USD
Estimated Monthly Salary: 21,335 USD
Estimated Weekly Salary: 4,924 USD per week
Estimated Hourly Salary: 123 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
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 Specialist job salary compared to average salary in Monaco.
Comparison shows that a person working as Strategic Sourcing Specialist in Monaco earns on average:
1.5 times the average salary (or 150% 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 Specialist job salary compared to average salary in Monaco.
Comparison shows that a person working as Strategic Sourcing Specialist in Monaco earns on average:
1.5 times the average salary (or 150% of average salary).
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 281,098 EUR and 370,539 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Strategic Sourcing Specialist 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: 255,544 EUR
Estimated Monthly Salary: 21,295 EUR
Estimated Weekly Salary: 4,914 EUR per week
Estimated Hourly Salary: 123 EUR per hour
By working as Strategic Sourcing Specialist a person can save up to 13,892 USD per month or 166,705 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 Specialist
France is 63,110 USD
Italy is 51,827 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.)
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4. Neurosurgeon
(1,512,413 EUR per year, pre-tax.)
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(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:
County deputy civil service (252,247 EUR per year, pre-tax.)
Surface mount technology (smt), process engineer (284,962 EUR per year, pre-tax.)
General dentist (370,215 EUR per year, pre-tax.)
Oncologist (1,474,879 EUR per year, pre-tax.)
Director of consumer lending (245,305 EUR per year, pre-tax.)
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