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The differences between directors of strategic 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 strategic sourcing and a contracts director. Additionally, a director of strategic sourcing has an average salary of $109,521, which is higher than the $73,351 average annual salary of a contracts director.
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 director are contract management, oversight, and contract terms.
| Director Of Strategic Sourcing | Contracts Director | |
| Yearly salary | $109,521 | $73,351 |
| Hourly rate | $52.65 | $35.26 |
| Growth rate | -6% | -6% |
| Number of jobs | 21,887 | 12,378 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 66% |
| 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.
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.
Directors of strategic sourcing and contracts directors have different pay scales, as shown below.
| Director Of Strategic Sourcing | Contracts Director | |
| Average salary | $109,521 | $73,351 |
| Salary range | Between $68,000 And $174,000 | Between $46,000 And $116,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Apple | Edwards Lifesciences |
| Best paying industry | Health Care | Manufacturing |
There are a few differences between a director of strategic sourcing and a contracts director in terms of educational background:
| Director Of Strategic Sourcing | Contracts Director | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between directors of strategic sourcing' and contracts directors' demographics:
| Director Of Strategic Sourcing | Contracts Director | |
| Average age | 47 | 47 |
| Gender ratio | Male, 79.1% Female, 20.9% | Male, 58.1% Female, 41.9% |
| 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, 9.0% Unknown, 3.8% Hispanic or Latino, 12.1% Asian, 7.4% White, 67.4% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |