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The differences between directors of strategic sourcing and senior managers, 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 senior manager, procurement. Additionally, a senior manager, procurement has an average salary of $121,433, 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 senior manager, procurement are supply chain, strategic sourcing, and supplier performance.
| Director Of Strategic Sourcing | Senior Manager, Procurement | |
| Yearly salary | $109,521 | $121,433 |
| Hourly rate | $52.65 | $58.38 |
| Growth rate | -6% | -6% |
| Number of jobs | 21,887 | 36,873 |
| 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.
Senior Procurement Managers oversee the procurement department of the company. They manage the procurement needs of the organization and network with vendors to keep their database of suppliers updated. Senior Procurement Managers secure competitive prices from their suppliers so that they can save up on costs. As such, Senior Procurement Managers also have visibility on the spending of each department in the organization so that they will never go over budget.
Directors of strategic sourcing and senior managers, procurement have different pay scales, as shown below.
| Director Of Strategic Sourcing | Senior Manager, Procurement | |
| Average salary | $109,521 | $121,433 |
| Salary range | Between $68,000 And $174,000 | Between $84,000 And $175,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Apple | McKinsey & Company Inc |
| Best paying industry | Health Care | Manufacturing |
There are a few differences between a director of strategic sourcing and a senior manager, procurement in terms of educational background:
| Director Of Strategic Sourcing | Senior Manager, 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 senior managers, procurement' demographics:
| Director Of Strategic Sourcing | Senior Manager, Procurement | |
| Average age | 47 | 47 |
| Gender ratio | Male, 79.1% Female, 20.9% | Male, 72.8% Female, 27.2% |
| 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, 66.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |