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The differences between senior sourcing managers 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 senior sourcing manager and a senior manager, procurement. Additionally, a senior manager, procurement has an average salary of $121,433, which is higher than the $113,406 average annual salary of a senior sourcing manager.
The top three skills for a senior sourcing manager include strategic sourcing, project management and category strategies. The most important skills for a senior manager, procurement are supply chain, strategic sourcing, and supplier performance.
| Senior Sourcing Manager | Senior Manager, Procurement | |
| Yearly salary | $113,406 | $121,433 |
| Hourly rate | $54.52 | $58.38 |
| Growth rate | -6% | -6% |
| Number of jobs | 12,200 | 36,873 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 70% |
| Average age | 47 | 47 |
| Years of experience | 6 | 6 |
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.
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.
Senior sourcing managers and senior managers, procurement have different pay scales, as shown below.
| Senior Sourcing Manager | Senior Manager, Procurement | |
| Average salary | $113,406 | $121,433 |
| Salary range | Between $76,000 And $168,000 | Between $84,000 And $175,000 |
| Highest paying City | San Bruno, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Airbnb | McKinsey & Company Inc |
| Best paying industry | Telecommunication | Manufacturing |
There are a few differences between a senior sourcing manager and a senior manager, procurement in terms of educational background:
| Senior Sourcing Manager | Senior Manager, Procurement | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between senior sourcing managers' and senior managers, procurement' demographics:
| Senior Sourcing Manager | Senior Manager, Procurement | |
| Average age | 47 | 47 |
| Gender ratio | Male, 63.9% Female, 36.1% | Male, 72.8% Female, 27.2% |
| 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, 9.2% 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% |