Home > Salary > Sri Lanka > 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: 2,677,162 LKR
Estimated Monthly Salary: 223,097 LKR
Estimated Weekly Salary: 51,484 LKR per week
Estimated Hourly Salary: 1,287 LKR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 215,718 LKR
Estimated Weekly Salary: 49,781 LKR per week
Estimated Hourly Salary: 1,245 LKR per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 7,718 USD
Estimated Monthly Salary: 643 USD
Estimated Weekly Salary: 148 USD per week
Estimated Hourly Salary: 4 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: 2,677,162 LKR
Estimated Monthly Salary: 223,097 LKR
Estimated Weekly Salary: 51,484 LKR per week
Estimated Hourly Salary: 1,287 LKR per hour
By working as Strategic Sourcing Specialist a person can save up to 419 USD per month or 5,025 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 Sri Lanka, see costs of living in Sri Lanka.
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 Sri Lanka
Average Yearly Salary of Strategic Sourcing Specialist in Sri Lanka is approximately 2,677,162 LKR (7,718 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: 2,677,162 LKR
Estimated Monthly Salary: 223,097 LKR
Estimated Weekly Salary: 51,484 LKR per week
Estimated Hourly Salary: 1,287 LKR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 2,588,620 LKREstimated Monthly Salary: 215,718 LKR
Estimated Weekly Salary: 49,781 LKR per week
Estimated Hourly Salary: 1,245 LKR per hour
Last revision of data: 2024-01-07Strategic Sourcing Specialist estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 7,718 USD
Estimated Monthly Salary: 643 USD
Estimated Weekly Salary: 148 USD per week
Estimated Hourly Salary: 4 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
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Country:
Salary comparison to National average
Sri Lanka, officially known as the Democratic Socialist Republic of Sri Lanka, is an island country located in South Asia. It has a population of approximately 21 million people and covers an area of around 65,610 square kilometers. The country is known for its diverse landscapes, including sandy beaches, lush forests, and scenic mountains.
Estimated national average yearly salary is 1,785,046 LKR (5,610 USD). Value indicated is pre-tax. Below graph shows estimated Strategic Sourcing Specialist job salary compared to average salary in Sri Lanka.
Comparison shows that a person working as Strategic Sourcing Specialist in Sri Lanka earns on average:
1.5 times the average salary (or 150% of average salary).
Estimated national average yearly salary is 1,785,046 LKR (5,610 USD). Value indicated is pre-tax. Below graph shows estimated Strategic Sourcing Specialist job salary compared to average salary in Sri Lanka.
Comparison shows that a person working as Strategic Sourcing Specialist in Sri Lanka 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 2,944,878 LKR and 3,881,885 LKR. However this is an estimation based on Gaussian Distribution.How much can you save working as Strategic Sourcing Specialist in Sri Lanka?
Living in Sri Lanka the approximate monthly expenses are: 224 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: 2,677,162 LKR
Estimated Monthly Salary: 223,097 LKR
Estimated Weekly Salary: 51,484 LKR per week
Estimated Hourly Salary: 1,287 LKR per hour
By working as Strategic Sourcing Specialist a person can save up to 419 USD per month or 5,025 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 Sri Lanka, see costs of living in Sri Lanka.
Salary comparison to region and neighbouring coutries
Country's neighbours are: India, Maldives. 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
India is 30,777 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 Sri Lanka
(20,273,886 LKR per year, pre-tax.)
2. Cardiologist
(16,965,724 LKR per year, pre-tax.)
(16,365,126 LKR per year, pre-tax.)
4. Neurosurgeon
(15,798,117 LKR per year, pre-tax.)
(15,785,379 LKR per year, pre-tax.)
6. Urologist
(15,470,862 LKR per year, pre-tax.)
(15,460,527 LKR per year, pre-tax.)
(15,421,430 LKR per year, pre-tax.)
(15,391,640 LKR per year, pre-tax.)
10. Oncologist
(15,389,631 LKR per year, pre-tax.)
Data as of 2025Random salary:
Warehouse runner (867,637 LKR per year, pre-tax.)
Commercial pilot (2,695,387 LKR per year, pre-tax.)
Laboratory technician orthopaedic research (1,035,390 LKR per year, pre-tax.)
Industrial engineering manager (3,840,596 LKR per year, pre-tax.)
Freelance photographer (1,435,284 LKR per year, pre-tax.)
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