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The differences between directors of global sourcing and directors, procurement can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a director of global sourcing and a director, procurement. Additionally, a director of global sourcing has an average salary of $142,539, which is higher than the $140,058 average annual salary of a director, procurement.
The top three skills for a director of global sourcing include supply chain, strategic sourcing and global sourcing. The most important skills for a director, procurement are strategic sourcing, supplier performance, and continuous improvement.
| Director Of Global Sourcing | Director, Procurement | |
| Yearly salary | $142,539 | $140,058 |
| Hourly rate | $68.53 | $67.34 |
| Growth rate | -6% | -6% |
| Number of jobs | 24,222 | 18,037 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 70% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
A director of global sourcing spearheads and oversees an organization's supply chain operations at a worldwide scale. Although their duties may vary upon their industry of employment, it usually includes conducting foreign market research and analyses to find business and client opportunities, setting goals and sales objectives, establishing project roadmaps and guidelines, and negotiating with potential business partners, building positive relationships in the process. Moreover, as a director of global sourcing, it is essential to manage and empower teams to reach goals while implementing the company's standards and policies.
The responsibilities of a procurement director revolve around ensuring the efficient and smooth flow of supplies within the company, developing procurement strategies for optimal services and operations, assessing risks, and overseeing the implementation of new policies and regulations in the company. It is essential to coordinate with analysts to identify areas with potential opportunities or those needing improvements. Moreover, a director, procurement may directly communicate with stakeholders or higher-ranking officials, participate in recruiting new members of the workforce, and create programs for profit growth and significant results.
Directors of global sourcing and directors, procurement have different pay scales, as shown below.
| Director Of Global Sourcing | Director, Procurement | |
| Average salary | $142,539 | $140,058 |
| Salary range | Between $102,000 And $198,000 | Between $98,000 And $199,000 |
| Highest paying City | Oakland, CA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | Nike | Apple |
| Best paying industry | Finance | Technology |
There are a few differences between a director of global sourcing and a director, procurement in terms of educational background:
| Director Of Global Sourcing | Director, Procurement | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between directors of global sourcing' and directors, procurement' demographics:
| Director Of Global Sourcing | Director, Procurement | |
| Average age | 47 | 47 |
| Gender ratio | Male, 80.0% Female, 20.0% | Male, 78.0% Female, 22.0% |
| Race ratio | Black or African American, 9.0% Unknown, 3.8% Hispanic or Latino, 12.1% Asian, 7.4% White, 67.4% American Indian and Alaska Native, 0.3% | Black or African American, 8.9% Unknown, 3.8% Hispanic or Latino, 12.1% Asian, 7.4% White, 67.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |