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The differences between global supply managers and contracts managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a global supply manager and a contracts manager. Additionally, a global supply manager has an average salary of $108,232, which is higher than the $72,691 average annual salary of a contracts manager.
The top three skills for a global supply manager include supply chain, cost reduction and supplier relationships. The most important skills for a contracts manager are contract management, contract administration, and contract terms.
| Global Supply Manager | Contracts Manager | |
| Yearly salary | $108,232 | $72,691 |
| Hourly rate | $52.03 | $34.95 |
| Growth rate | 17% | -6% |
| Number of jobs | 46,402 | 13,218 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 63% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
A Global Supply Manager is responsible for supervising production supplies' adequacy to meet distribution requirements according to the supply chain processes. Global Supply Managers coordinate with senior management to improve sourcing strategies and adhere to customer demands. They also conduct data and statistical analysis and evaluate the current market trends to identify business opportunities to generate more revenue resources for the business. A Global Supply Chain Manager must have excellent leadership and analytical skills, especially in developing cost-reduction techniques without compromising high-quality deliverables.
A contract manager is responsible for finalizing contract agreements between the company and its clients, revising documents, creating procurement proposals, and managing breach of contracts immediately. Contract managers respond to clients' inquiries and concerns about the contract's terms, conditions, and adjustment requests. They should be highly knowledgeable with legal terms and legislation regulations, ensuring that documents align with their objectives. The contract manager should also stay updated with the latest trends to meet contract demands, identify more business opportunities to boost revenues, and achieve profitability goals.
Global supply managers and contracts managers have different pay scales, as shown below.
| Global Supply Manager | Contracts Manager | |
| Average salary | $108,232 | $72,691 |
| Salary range | Between $80,000 And $144,000 | Between $45,000 And $116,000 |
| Highest paying City | Sparks, NV | San Francisco, CA |
| Highest paying state | Connecticut | California |
| Best paying company | Meta | McKinsey & Company Inc |
| Best paying industry | Technology | Technology |
There are a few differences between a global supply manager and a contracts manager in terms of educational background:
| Global Supply Manager | Contracts Manager | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between global supply managers' and contracts managers' demographics:
| Global Supply Manager | Contracts Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 70.2% Female, 29.8% | Male, 54.0% Female, 46.0% |
| Race ratio | Black or African American, 7.4% Unknown, 4.7% Hispanic or Latino, 12.5% Asian, 8.8% White, 66.0% American Indian and Alaska Native, 0.7% | 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% |
| LGBT Percentage | 10% | 11% |