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The differences between directors of 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 sourcing and a director, procurement. Additionally, a director of sourcing has an average salary of $140,924, which is higher than the $140,058 average annual salary of a director, procurement.
The top three skills for a director of sourcing include supply chain, strategic sourcing and continuous improvement. The most important skills for a director, procurement are strategic sourcing, supplier performance, and continuous improvement.
| Director Of Sourcing | Director, Procurement | |
| Yearly salary | $140,924 | $140,058 |
| Hourly rate | $67.75 | $67.34 |
| Growth rate | -6% | -6% |
| Number of jobs | 14,569 | 18,037 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 70% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
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.
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 sourcing and directors, procurement have different pay scales, as shown below.
| Director Of Sourcing | Director, Procurement | |
| Average salary | $140,924 | $140,058 |
| Salary range | Between $99,000 And $200,000 | Between $98,000 And $199,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | NVIDIA | Apple |
| Best paying industry | Retail | Technology |
There are a few differences between a director of sourcing and a director, procurement in terms of educational background:
| Director Of Sourcing | Director, Procurement | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between directors of sourcing' and directors, procurement' demographics:
| Director Of Sourcing | Director, Procurement | |
| Average age | 47 | 47 |
| Gender ratio | Male, 73.7% Female, 26.3% | 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, 67.5% 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% |