Senior sourcing manager vs contracts director

The differences between senior sourcing managers and contracts directors 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 manager and a contracts director. Additionally, a senior sourcing manager has an average salary of $113,406, which is higher than the $73,351 average annual salary of a contracts director.

The top three skills for a senior sourcing manager include strategic sourcing, project management and category strategies. The most important skills for a contracts director are contract management, oversight, and contract terms.

Senior sourcing manager vs contracts director overview

	Senior Sourcing Manager	Contracts Director
Yearly salary	$113,406	$73,351
Hourly rate	$54.52	$35.26
Growth rate	-6%	-6%
Number of jobs	12,200	12,378
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 66%
Average age	47	47
Years of experience	6	6

What does a senior sourcing manager do?

A senior sourcing manager is an individual who manages a team that is responsible for identifying necessary products and services that support the daily operations of an organization. Senior sourcing managers are required to manage the overall sourcing strategy of the organization and conduct research to understand its operations needs and requirements. They must build relationships with vendors and key suppliers so that they can negotiate on pricing and control costs. Senior sourcing managers must also propose a yearly budget that depends on the organization's sourcing needs.

What does a contracts director do?

A contract director is primarily in charge of developing and negotiating contracts with clients and partners, ensuring adherence to the company's policies and regulations. Their responsibilities typically revolve around performing extensive research and analysis to foresee potential advantages and disadvantages, coordinating with analysts and other experts, monitoring the progress of operations to ensure contract compliance of both parties, and overseeing the development of proposals within the organization. Furthermore, as a contract director, it is essential to lead and encourage the team to reach goals, all while implementing the mission and vision of the company.

Senior sourcing manager vs contracts director salary

Senior sourcing managers and contracts directors have different pay scales, as shown below.

	Senior Sourcing Manager	Contracts Director
Average salary	$113,406	$73,351
Salary range	Between $76,000 And $168,000	Between $46,000 And $116,000
Highest paying City	San Bruno, CA	San Francisco, CA
Highest paying state	California	California
Best paying company	Airbnb	Edwards Lifesciences
Best paying industry	Telecommunication	Manufacturing

Differences between senior sourcing manager and contracts director education

There are a few differences between a senior sourcing manager and a contracts director in terms of educational background:

	Senior Sourcing Manager	Contracts Director
Most common degree	Bachelor's Degree, 69%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	Stanford University	Stanford University

Senior sourcing manager vs contracts director demographics

Here are the differences between senior sourcing managers' and contracts directors' demographics:

	Senior Sourcing Manager	Contracts Director
Average age	47	47
Gender ratio	Male, 63.9% Female, 36.1%	Male, 58.1% Female, 41.9%
Race ratio	Black or African American, 9.1% Unknown, 3.8% Hispanic or Latino, 12.3% Asian, 7.5% White, 67.0% American Indian and Alaska Native, 0.3%	Black or African American, 9.0% Unknown, 3.8% Hispanic or Latino, 12.1% Asian, 7.4% White, 67.4% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between senior sourcing manager and contracts director duties and responsibilities

Senior sourcing manager example responsibilities.

Manage and lead identified team through all sourcing activities including RFP development and analysis, auctioning, consortium buying, etc.
Manage OEM purchase FG & new product device introduction.
Manage domestic material suppliers, service providers and MRO vendors.
Lead selection process for reverse auction and on-line RFx technology by service providers.
Execute RFP for manage print services resulting in refresh of 2100 MFD's while saving $240K.
Manage all aspects of RFQ, price/cost analysis, negotiation and award of contracts to vendors worldwide.

Contracts director example responsibilities.

Manage client audits (EPA, DCAA, local and state agencies) to resolve audit and rate variances.
Prepare and execute contractual documents: contracts, NDAs, consulting agreements, and subcontracts to achieve best value for company.
Establish managed care Medicaid funding models with several major integrate medical delivery systems.
Manage administrative support, handle payroll, develop company policies and procedures manual.
Target negotiations for development areas including Medicaid and Medicare products.
Review and sign off on final documents for the issuance of RFP solicitations and the execution of contracts and supplemental agreements.

Senior sourcing manager vs contracts director skills

Common senior sourcing manager skills

Strategic Sourcing, 9%
Project Management, 8%
Category Strategies, 5%
Supplier Performance, 5%
Supplier Relationships, 4%
Supplier Management, 4%

Common contracts director skills

Contract Management, 8%
Oversight, 6%
Contract Terms, 6%
Strong Analytical, 6%
Contract Administration, 6%
Project Management, 4%

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Senior Sourcing Manager
Senior Sourcing Manager vs Contracts Director

Updated January 8, 2025

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