Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between directors of strategic sourcing and directors, 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 strategic sourcing and a director, procurement. Additionally, a director, procurement has an average salary of $140,058, which is higher than the $109,521 average annual salary of a director of strategic sourcing.
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, procurement are strategic sourcing, supplier performance, and continuous improvement.
| Director Of Strategic Sourcing | Director, Procurement | |
| Yearly salary | $109,521 | $140,058 |
| Hourly rate | $52.65 | $67.34 |
| Growth rate | -6% | -6% |
| Number of jobs | 21,887 | 18,037 |
| 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 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.
The responsibilities of a procurement director revolve around ensuring the efficient and smooth flow of supplies within the company, developing procurement strategies for optimal services and operations, assessing risks, and overseeing the implementation of new policies and regulations in the company. It is essential to coordinate with analysts to identify areas with potential opportunities or those needing improvements. Moreover, a director, procurement may directly communicate with stakeholders or higher-ranking officials, participate in recruiting new members of the workforce, and create programs for profit growth and significant results.
Directors of strategic sourcing and directors, procurement have different pay scales, as shown below.
| Director Of Strategic Sourcing | Director, Procurement | |
| Average salary | $109,521 | $140,058 |
| Salary range | Between $68,000 And $174,000 | Between $98,000 And $199,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Apple | Apple |
| Best paying industry | Health Care | Technology |
There are a few differences between a director of strategic sourcing and a director, procurement in terms of educational background:
| Director Of Strategic Sourcing | Director, 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 strategic sourcing' and directors, procurement' demographics:
| Director Of Strategic Sourcing | Director, Procurement | |
| Average age | 47 | 47 |
| Gender ratio | Male, 79.1% Female, 20.9% | Male, 78.0% Female, 22.0% |
| 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, 8.9% Unknown, 3.8% Hispanic or Latino, 12.1% Asian, 7.4% White, 67.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |