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The differences between senior sourcing managers and senior purchasing 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 senior sourcing manager and a senior purchasing manager. Additionally, a senior sourcing manager has an average salary of $113,406, which is higher than the $109,837 average annual salary of a senior purchasing 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 purchasing manager are supply chain, purchase orders, and logistics.
| Senior Sourcing Manager | Senior Purchasing Manager | |
| Yearly salary | $113,406 | $109,837 |
| Hourly rate | $54.52 | $52.81 |
| Growth rate | -6% | -6% |
| Number of jobs | 12,200 | 19,183 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 69% |
| 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.
A senior purchasing manager is responsible for spearheading and overseeing the efforts in purchasing supplies for a company. They are in charge of managing purchasing teams, gathering purchase requests, identifying the company's needs, and setting goals in adherence to the budget. They must also liaise with vendors and suppliers, negotiate contracts, and build positive relationships with them. Furthermore, as a senior manager, it is essential to lead and encourage teams to reach goals, all while implementing the company's policies and regulations.
Senior sourcing managers and senior purchasing managers have different pay scales, as shown below.
| Senior Sourcing Manager | Senior Purchasing Manager | |
| Average salary | $113,406 | $109,837 |
| Salary range | Between $76,000 And $168,000 | Between $79,000 And $152,000 |
| Highest paying City | San Bruno, CA | Oakland, CA |
| Highest paying state | California | California |
| Best paying company | Airbnb | Tonix Pharmaceuticals |
| Best paying industry | Telecommunication | Technology |
There are a few differences between a senior sourcing manager and a senior purchasing manager in terms of educational background:
| Senior Sourcing Manager | Senior Purchasing Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between senior sourcing managers' and senior purchasing managers' demographics:
| Senior Sourcing Manager | Senior Purchasing Manager | |
| Average age | 47 | 47 |
| Gender ratio | Male, 63.9% Female, 36.1% | Male, 68.0% Female, 32.0% |
| 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, 8.9% Unknown, 3.8% Hispanic or Latino, 12.1% Asian, 7.4% White, 67.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 11% | 11% |