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The differences between directors of sourcing and senior managers, 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 senior manager, procurement. Additionally, a director of sourcing has an average salary of $140,924, which is higher than the $121,433 average annual salary of a senior manager, procurement.
The top three skills for a director of sourcing include supply chain, strategic sourcing and continuous improvement. The most important skills for a senior manager, procurement are supply chain, strategic sourcing, and supplier performance.
| Director Of Sourcing | Senior Manager, Procurement | |
| Yearly salary | $140,924 | $121,433 |
| Hourly rate | $67.75 | $58.38 |
| Growth rate | -6% | -6% |
| Number of jobs | 14,569 | 36,873 |
| 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.
Senior Procurement Managers oversee the procurement department of the company. They manage the procurement needs of the organization and network with vendors to keep their database of suppliers updated. Senior Procurement Managers secure competitive prices from their suppliers so that they can save up on costs. As such, Senior Procurement Managers also have visibility on the spending of each department in the organization so that they will never go over budget.
Directors of sourcing and senior managers, procurement have different pay scales, as shown below.
| Director Of Sourcing | Senior Manager, Procurement | |
| Average salary | $140,924 | $121,433 |
| Salary range | Between $99,000 And $200,000 | Between $84,000 And $175,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | NVIDIA | McKinsey & Company Inc |
| Best paying industry | Retail | Manufacturing |
There are a few differences between a director of sourcing and a senior manager, procurement in terms of educational background:
| Director Of Sourcing | Senior Manager, 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 senior managers, procurement' demographics:
| Director Of Sourcing | Senior Manager, Procurement | |
| Average age | 47 | 47 |
| Gender ratio | Male, 73.7% Female, 26.3% | Male, 72.8% Female, 27.2% |
| 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, 9.2% Unknown, 3.8% Hispanic or Latino, 12.5% Asian, 7.5% White, 66.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |