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The differences between senior sourcing analysts and procurement agents can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a senior sourcing analyst and a procurement agent. Additionally, a senior sourcing analyst has an average salary of $84,801, which is higher than the $72,384 average annual salary of a procurement agent.
The top three skills for a senior sourcing analyst include DOD, CI and intelligence analysis. The most important skills for a procurement agent are supply chain, strategic sourcing, and supplier performance.
| Senior Sourcing Analyst | Procurement Agent | |
| Yearly salary | $84,801 | $72,384 |
| Hourly rate | $40.77 | $34.80 |
| Growth rate | 3% | 11% |
| Number of jobs | 12,504 | 45,198 |
| Job satisfaction | - | 2 |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 69% |
| Average age | 48 | 48 |
| Years of experience | 6 | 6 |
A senior sourcing analyst is an individual who oversees the planning and purchasing process for specific commodities and who supports new product launches. He/She or she should be able to establish relationships with suppliers to help in the sourcing process and in the negotiation of deals and contracts to ensure compliance with budgetary requirements. The position requires core skills such as strong analytical, mathematical, and negotiating skills and deep knowledge of the industry the analyst is working in. The education requirements for the job include an associate or bachelor's degree in business, supply chain management, marketing, or a related field.
A procurement agent develops profitable measures to save the client money and ensure the quality of goods supplied. Procurement agents obtain the purchased items through suppliers, monitor them, and expedite the orders. They oversee the activities and performance of the suppliers for compliance. Their duties include the verification of item receipts, resolving shipment-related problems, and authorizing purchase payments through documentation. The necessary skills for this job include being accomplished, decisive, and strong communication skills.
Senior sourcing analysts and procurement agents have different pay scales, as shown below.
| Senior Sourcing Analyst | Procurement Agent | |
| Average salary | $84,801 | $72,384 |
| Salary range | Between $63,000 And $112,000 | Between $49,000 And $106,000 |
| Highest paying City | Foster City, CA | Richmond, CA |
| Highest paying state | California | New Jersey |
| Best paying company | PayPal | McKinsey & Company Inc |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a senior sourcing analyst and a procurement agent in terms of educational background:
| Senior Sourcing Analyst | Procurement Agent | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior sourcing analysts' and procurement agents' demographics:
| Senior Sourcing Analyst | Procurement Agent | |
| Average age | 48 | 48 |
| Gender ratio | Male, 62.8% Female, 37.2% | Male, 51.4% Female, 48.6% |
| Race ratio | Black or African American, 9.1% Unknown, 4.4% Hispanic or Latino, 12.5% Asian, 7.8% White, 65.4% American Indian and Alaska Native, 0.8% | Black or African American, 8.8% Unknown, 4.4% Hispanic or Latino, 12.2% Asian, 7.6% White, 66.2% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 7% | 7% |