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The differences between directors of strategic sourcing and directors of materials management 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 director of materials management. Additionally, a director of strategic sourcing has an average salary of $109,521, which is higher than the $91,206 average annual salary of a director of materials management.
The top three skills for a director of strategic sourcing include strategic sourcing, supply chain and supplier performance. The most important skills for a director of materials management are materials management, supply chain, and patients.
| Director Of Strategic Sourcing | Director Of Materials Management | |
| Yearly salary | $109,521 | $91,206 |
| Hourly rate | $52.65 | $43.85 |
| Growth rate | -6% | -6% |
| Number of jobs | 21,887 | 81,836 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 55% |
| 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 director of materials management is primarily in charge of spearheading and overseeing the daily operations in a company's purchasing and supply departments. It is their duty to set goals and guidelines, supervise the procurement programs and procedures, manage purchasing staff, review documentation and requests, and liaise with vendors and suppliers, building positive relationships with them. They must also address issues and concerns, resolving them in a timely and efficient manner. Furthermore, a director of materials management must lead teams while implementing the company's policies and regulations.
Directors of strategic sourcing and directors of materials management have different pay scales, as shown below.
| Director Of Strategic Sourcing | Director Of Materials Management | |
| Average salary | $109,521 | $91,206 |
| Salary range | Between $68,000 And $174,000 | Between $72,000 And $114,000 |
| Highest paying City | San Francisco, CA | Albany, NY |
| Highest paying state | California | Washington |
| Best paying company | Apple | Microsoft |
| Best paying industry | Health Care | Manufacturing |
There are a few differences between a director of strategic sourcing and a director of materials management in terms of educational background:
| Director Of Strategic Sourcing | Director Of Materials Management | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 55% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between directors of strategic sourcing' and directors of materials management' demographics:
| Director Of Strategic Sourcing | Director Of Materials Management | |
| Average age | 47 | 47 |
| Gender ratio | Male, 79.1% Female, 20.9% | Male, 73.0% Female, 27.0% |
| 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, 9.1% Unknown, 3.8% Hispanic or Latino, 12.3% Asian, 7.4% White, 67.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |