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Director of sourcing vs contracts director

The differences between directors of sourcing and contracts directors 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 sourcing and a contracts director. Additionally, a director of sourcing has an average salary of $140,924, which is higher than the $73,351 average annual salary of a contracts director.

The top three skills for a director of sourcing include supply chain, strategic sourcing and continuous improvement. The most important skills for a contracts director are contract management, oversight, and contract terms.

Director of sourcing vs contracts director overview

Director Of SourcingContracts Director
Yearly salary$140,924$73,351
Hourly rate$67.75$35.26
Growth rate-6%-6%
Number of jobs14,56912,378
Job satisfaction--
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 66%
Average age4747
Years of experience66

What does a director of sourcing do?

A director of sourcing is an executive professional who supervises a team of sourcing managers that manages the supply portfolio of a company to ensure spending transparency. This director is required to direct overseas factory meetings weekly to review product development and optimize the company's overall supply chain. The director must lead cross-functional process improvement teams to enhance performance and improve product quality. This director must also maintain excellent working relationships with vendors to ensure the success of their projects.

What does a contracts director do?

A contract director is primarily in charge of developing and negotiating contracts with clients and partners, ensuring adherence to the company's policies and regulations. Their responsibilities typically revolve around performing extensive research and analysis to foresee potential advantages and disadvantages, coordinating with analysts and other experts, monitoring the progress of operations to ensure contract compliance of both parties, and overseeing the development of proposals within the organization. Furthermore, as a contract director, it is essential to lead and encourage the team to reach goals, all while implementing the mission and vision of the company.

Director of sourcing vs contracts director salary

Directors of sourcing and contracts directors have different pay scales, as shown below.

Director Of SourcingContracts Director
Average salary$140,924$73,351
Salary rangeBetween $99,000 And $200,000Between $46,000 And $116,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateNew JerseyCalifornia
Best paying companyNVIDIAEdwards Lifesciences
Best paying industryRetailManufacturing

Differences between director of sourcing and contracts director education

There are a few differences between a director of sourcing and a contracts director in terms of educational background:

Director Of SourcingContracts Director
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Director of sourcing vs contracts director demographics

Here are the differences between directors of sourcing' and contracts directors' demographics:

Director Of SourcingContracts Director
Average age4747
Gender ratioMale, 73.7% Female, 26.3%Male, 58.1% Female, 41.9%
Race ratioBlack or African American, 9.0% Unknown, 3.8% Hispanic or Latino, 12.1% Asian, 7.4% White, 67.5% American Indian and Alaska Native, 0.3%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%
LGBT Percentage11%11%

Differences between director of sourcing and contracts director duties and responsibilities

Director of sourcing example responsibilities.

  • Attain ISO 9002 certification in a FDA supervise GMP facility.
  • Review RFI and RFP s and award business and contracts as well as managing reverse auctions.
  • Manage transportation logistics and schedule delivery pickup to ensure inventory levels of consumer goods are maintained and program initiatives fully support.
  • Establish QC manuals and audit process for 3rd party resident inspection team in Asia.
  • Mentore organization through FDA and TUV audits, product recalls, and complaint investigations CAPA.
  • Lead national RFP responses from major global organizations, which result in new national account customers.
  • Show more

Contracts director example responsibilities.

  • Manage client audits (EPA, DCAA, local and state agencies) to resolve audit and rate variances.
  • Prepare and execute contractual documents: contracts, NDAs, consulting agreements, and subcontracts to achieve best value for company.
  • Establish managed care Medicaid funding models with several major integrate medical delivery systems.
  • Manage administrative support, handle payroll, develop company policies and procedures manual.
  • Target negotiations for development areas including Medicaid and Medicare products.
  • Review and sign off on final documents for the issuance of RFP solicitations and the execution of contracts and supplemental agreements.
  • Show more

Director of sourcing vs contracts director skills

Common director of sourcing skills
  • Supply Chain, 14%
  • Strategic Sourcing, 8%
  • Continuous Improvement, 6%
  • Project Management, 5%
  • Process Improvement, 5%
  • Logistics, 4%
Common contracts director skills
  • Contract Management, 8%
  • Oversight, 6%
  • Contract Terms, 6%
  • Strong Analytical, 6%
  • Contract Administration, 6%
  • Project Management, 4%

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