A director of sourcing is responsible for keeping the supply side of a business running smoothly and profitably. Without them, the business would not have the materials it needs in order to create and sell products.
The director of sourcing is involved with every step of the procurement or supply process. They come up with strategies for finding new vendors and reducing costs, manage the logistics of transportation, and maintain good relationships with suppliers. The director of sourcing also needs to be good at working with people as they manage the entire procurement team.
It's not possible to just walk into a job as a director of sourcing; it takes a lot of work to get there! Most directors of sourcing have a bachelor's or master's degree and several years of experience in procurement and supply chain work. About 70% of directors of sourcing are men-it might be time to source qualified women to break this glass ceiling.
There is more than meets the eye when it comes to being a director of sourcing. For example, did you know that they make an average of $68.41 an hour? That's $142,295 a year!
Between 2018 and 2028, the career is expected to grow -6% and produce -29,200 job opportunities across the U.S.
There are certain skills that many directors of sourcing have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, math skills and negotiating skills.
When it comes to the most important skills required to be a director of sourcing, we found that a lot of resumes listed 14.0% of directors of sourcing included supply chain, while 11.5% of resumes included supplier performance, and 10.3% of resumes included strategic sourcing. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the director of sourcing job title. But what industry to start with? Most directors of sourcing actually find jobs in the retail and manufacturing industries.
If you're interested in becoming a director of sourcing, one of the first things to consider is how much education you need. We've determined that 66.5% of directors of sourcing have a bachelor's degree. In terms of higher education levels, we found that 15.0% of directors of sourcing have master's degrees. Even though most directors of sourcing have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a director of sourcing. When we researched the most common majors for a director of sourcing, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on director of sourcing resumes include associate degree degrees or diploma degrees.
You may find that experience in other jobs will help you become a director of sourcing. In fact, many director of sourcing jobs require experience in a role such as purchasing manager. Meanwhile, many directors of sourcing also have previous career experience in roles such as buyer or production manager.