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Director of strategic sourcing vs contracts director

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 vs contracts director overview

Director Of Strategic SourcingContracts Director
Yearly salary$109,521$73,351
Hourly rate$52.65$35.26
Growth rate-6%-6%
Number of jobs21,88712,378
Job satisfaction--
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 66%
Average age4747
Years of experience66

What does a director of strategic sourcing do?

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.

What does a contracts director do?

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.

Director of strategic sourcing vs contracts director salary

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

Director Of Strategic SourcingContracts Director
Average salary$109,521$73,351
Salary rangeBetween $68,000 And $174,000Between $46,000 And $116,000
Highest paying CitySan Francisco, CASan Francisco, CA
Highest paying stateCaliforniaCalifornia
Best paying companyAppleEdwards Lifesciences
Best paying industryHealth CareManufacturing

Differences between director of strategic sourcing and contracts director education

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

Director Of Strategic SourcingContracts Director
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Director of strategic sourcing vs contracts director demographics

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

Director Of Strategic SourcingContracts Director
Average age4747
Gender ratioMale, 79.1% Female, 20.9%Male, 58.1% Female, 41.9%
Race ratioBlack 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 Percentage11%11%

Differences between director of strategic sourcing and contracts director duties and responsibilities

Director of strategic sourcing example responsibilities.

  • Manage and coordinate consecutive annual RFP's selecting print suppliers to print annual reports and proxy quotations meeting tight deadlines.
  • Lead the synergistic expansion of outsource logistics throughout multiple business acquisitions.
  • Manage entire RFX event lifecycle, including requirements gathering, supplier strategy development, contract negotiations and program implementation.
  • Administer all activities with assign contracts, commodities and customer support areas.
  • Identify options and plan for ERP system implementation, to be execute when fund.
  • Lead team that utilize a consistent and efficient RFI and RFP process to generate significant savings
  • Show more

Contracts director example responsibilities.

  • Manage client audits (EPA, DCAA, local and state agencies) to resolve audit and rate variances.
  • Prepare and execute contractual documents: contracts, NDAs, consulting agreements, and subcontracts to achieve best value for company.
  • Establish managed care Medicaid funding models with several major integrate medical delivery systems.
  • Manage administrative support, handle payroll, develop company policies and procedures manual.
  • Target negotiations for development areas including Medicaid and Medicare products.
  • Review and sign off on final documents for the issuance of RFP solicitations and the execution of contracts and supplemental agreements.
  • Show more

Director of strategic sourcing vs contracts director skills

Common director of strategic sourcing skills
  • Strategic Sourcing, 16%
  • Supply Chain, 11%
  • Supplier Performance, 7%
  • Continuous Improvement, 6%
  • Project Management, 6%
  • Cost Reduction, 3%
Common contracts director skills
  • Contract Management, 8%
  • Oversight, 6%
  • Contract Terms, 6%
  • Strong Analytical, 6%
  • Contract Administration, 6%
  • Project Management, 4%

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