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Director of sourcing vs contracts manager

The differences between directors of sourcing and contracts managers 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 manager. Additionally, a director of sourcing has an average salary of $140,924, which is higher than the $72,691 average annual salary of a contracts manager.

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

Director of sourcing vs contracts manager overview

Director Of SourcingContracts Manager
Yearly salary$140,924$72,691
Hourly rate$67.75$34.95
Growth rate-6%-6%
Number of jobs14,56913,218
Job satisfaction--
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 63%
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 manager do?

A contract manager is responsible for finalizing contract agreements between the company and its clients, revising documents, creating procurement proposals, and managing breach of contracts immediately. Contract managers respond to clients' inquiries and concerns about the contract's terms, conditions, and adjustment requests. They should be highly knowledgeable with legal terms and legislation regulations, ensuring that documents align with their objectives. The contract manager should also stay updated with the latest trends to meet contract demands, identify more business opportunities to boost revenues, and achieve profitability goals.

Director of sourcing vs contracts manager salary

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

Director Of SourcingContracts Manager
Average salary$140,924$72,691
Salary rangeBetween $99,000 And $200,000Between $45,000 And $116,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateNew JerseyCalifornia
Best paying companyNVIDIAMcKinsey & Company Inc
Best paying industryRetailTechnology

Differences between director of sourcing and contracts manager education

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

Director Of SourcingContracts Manager
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 63%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Director of sourcing vs contracts manager demographics

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

Director Of SourcingContracts Manager
Average age4747
Gender ratioMale, 73.7% Female, 26.3%Male, 54.0% Female, 46.0%
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, 12.2% Asian, 7.4% White, 67.2% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between director of sourcing and contracts manager 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 manager example responsibilities.

  • Manage ISO requirements for sales and marketing.
  • Manage IDIQ contracts including task and delivery orders.
  • Manage RFI's and change orders through close out.
  • Manage all material for a non MRP driven program manually.
  • Coach and direct the IPT for use of proper policies to achieve goals.
  • Lead two DCAA audits for a $60 million project resulting in no-cost findings during tenure as manager.
    • Show more

Director of sourcing vs contracts manager 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 manager skills
  • Contract Management, 9%
  • Contract Administration, 6%
  • Contract Terms, 5%
  • Project Management, 5%
  • Customer Service, 4%
  • Proposal Preparation, 3%

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Updated January 8, 2025

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