Vice President Product Development Sourcing information
See salary details
$99.5K - $116.5K
1% of jobs
$116.5K - $133.5K
0% of jobs
$133.5K - $150.5K
0% of jobs
$150.5K - $167.5K
5% of jobs
$167.5K - $184.5K
12% of jobs
$189.3K is the 25th percentile. Wages below this are outliers.
$184.5K - $201.5K
24% of jobs
The median wage is $207.4K / yr.
$201.5K - $218.5K
21% of jobs
$230.4K is the 75th percentile. Wages above this are outliers.
$218.5K - $235.5K
16% of jobs
$235.5K - $252.5K
11% of jobs
$252.5K - $269.5K
5% of jobs
$269.5K - $286.5K
4% of jobs
How much do vice president product development sourcing jobs pay per year?
As of Sep 9, 2026, the average yearly pay for vice president product development sourcing in the United States is $212,138.00, according to ZipRecruiter salary data. Most workers in this role earn between $188,500.00 and $233,000.00 per year, depending on experience, location, and employer.
A Vice President Product Development Sourcing is a senior executive responsible for overseeing the sourcing and development of new products within a company. This role involves managing supplier relationships, ensuring cost-effective and high-quality sourcing strategies, and collaborating with cross-functional teams such as design, engineering, and marketing. The VP ensures that products are developed efficiently from concept to launch while meeting market demands and company goals. They play a key role in driving innovation, negotiating contracts, and optimizing the supply chain to maintain a competitive edge.
To thrive as a Vice President Product Development Sourcing, you need expertise in product lifecycle management, strategic sourcing, supply chain optimization, and a relevant advanced degree (such as an MBA or engineering). Proficiency with ERP systems, sourcing software, and data analytics tools is commonly required, along with certifications like CPSM or APICS. Exceptional negotiation, leadership, and cross-functional communication skills help drive innovation and foster strong supplier relationships. These capabilities are crucial for delivering high-quality products to market efficiently and maintaining a competitive edge in global supply chains.
A Vice President of Product Development Sourcing regularly works with teams such as design, engineering, marketing, and supply chain to align sourcing strategies with business goals. This collaboration ensures that product concepts are feasible, cost-effective, and can be efficiently scaled for production. The VP often leads sourcing negotiations, coordinates supplier engagement, and facilitates communication between departments to address challenges, meet timelines, and maintain quality standards. Successful collaboration in this role relies on strong leadership, strategic thinking, and a deep understanding of both product development and global sourcing landscapes.
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