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The differences between directors of strategic sourcing and contracts administration 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 strategic sourcing and a contracts administration manager. Additionally, a director of strategic sourcing has an average salary of $109,521, which is higher than the $72,869 average annual salary of a contracts administration manager.
The top three skills for a director of strategic sourcing include strategic sourcing, supply chain and supplier performance. The most important skills for a contracts administration manager are contract administration, proposal preparation, and contract management.
| Director Of Strategic Sourcing | Contracts Administration Manager | |
| Yearly salary | $109,521 | $72,869 |
| Hourly rate | $52.65 | $35.03 |
| Growth rate | -6% | -6% |
| Number of jobs | 21,887 | 10,694 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 62% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
A director of strategic sourcing is responsible for evaluating the production and manufacturing processes and developing initiatives to improve business operations and purchasing techniques. Directors of strategic sourcing negotiate contracts with trusted suppliers and vendors for high-quality resources and cost-efficient materials. They also conduct data and statistical analysis with the current market trends to identify supply opportunities and sourcing costs. A director of strategic sourcing handles the budget allocation for vendor assessments, requiring them to be highly-organizational and ensure the timely distribution of materials.
Contracts administration managers are responsible for negotiating and administering government and commercial contracts, preparing proposals, and ensuring that they comply with all company policies and legal requirements. These managers report the progress of their projects to top management during meetings. They manage the performance of their staff daily. Their job involves participating in developing, formulating, and revising policies, procedures, and templates. They also support their finance and program teams in communicating with their clients to ensure that invoices are made timely and accurately.
Directors of strategic sourcing and contracts administration managers have different pay scales, as shown below.
| Director Of Strategic Sourcing | Contracts Administration Manager | |
| Average salary | $109,521 | $72,869 |
| Salary range | Between $68,000 And $174,000 | Between $46,000 And $114,000 |
| Highest paying City | San Francisco, CA | Arlington, VA |
| Highest paying state | California | Virginia |
| Best paying company | Apple | Deloitte |
| Best paying industry | Health Care | Utilities |
There are a few differences between a director of strategic sourcing and a contracts administration manager in terms of educational background:
| Director Of Strategic Sourcing | Contracts Administration Manager | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 62% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between directors of strategic sourcing' and contracts administration managers' demographics:
| Director Of Strategic Sourcing | Contracts Administration Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 79.1% Female, 20.9% | Male, 42.9% Female, 57.1% |
| Race ratio | 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% | Black or African American, 9.2% Unknown, 3.8% Hispanic or Latino, 12.5% Asian, 7.5% White, 66.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |