Sourcing Manager - The Toro Company

Benefits

Additional Information

Applicants must be legally authorized to work in the United States. We are unable to sponsor or take over sponsorship of a school/employment or any other visa, regardless of expiration date, now or in the future. Who Are We? The Toro Company is a homegrown, Minnesota-based company that has been in business since 1914. We pride ourselves on providing world-class equipment to help maintain the environment that we love, while putting an emphasis on giving back to the communities that surround us. From residential lawns and gardens, to venues such as St Andrews Links and Target Field, we are a company with a global footprint and a passion for helping people beautify whatever landscape they may be in. With 100 years of operation under our belt and a healthy tenure, come find out what makes The Toro Company the best place in the Twin Cities to build a career. As the Sourcing Manager, you will Manages a team of Commodity Managers, Supervisor(s), and Specialists for assigned supply categories in the effective development and execution of strategic initiatives and tactical procurement for the Sourcing organization to include but not limited to contract negotiation and adherence, supplier selection, and supplier performance management. What Will You Do? In order to grow and build a successful career with The Toro Company, you will be responsible for: Lead a team of Commodity Managers & Specialists in the development and implementation of category strategies coupled with strong tactical procurement execution to enable our businesses and factories to deliver on our customers' expectations and achieve our commercial objectives Accountable for the overall supplier cost, quality, and delivery performance for assigned spend categories Coach and develop team Ensure team has tools, skill sets, processes, and training to accomplish goals Manage supplier relationships at executive and managerial levels and serve as an escalation point for commercial and operational sourcing issues Success Measures include: Year-over-year cost improvement On-time delivery / service levels Spend under contract Supplier quality performance (PPM) and corrective action closure effectiveness Working capital optimization (payment terms + lead time, VMI, & MOQ impacts to inventory) Compliance to sourcing policies and standard work Present on team performance in monthly and weekly cadence of reviews Develop and implement corrective action and mitigation plans where needed to deliver on KPIs Support team in regular quarterly business reviews with key suppliers Ensure team is leveraging procurement tools including SAP with best practices for efficiency, execution, and accuracy of procurement data Lead and/or approve sourcing events and award recommendations aligned to total cost decision making Analyze demand by facility, anticipate changes, and drive subsequent procurement activities Identify and launch procurement projects and initiatives to improve processes, analyze effectiveness, and drive results and compliance Build strong and resilient supply chains that are cost effective, high performing, and manage risk Keep well-informed of external factors that may affect our supply chain as well as changes in our business and technical needs to ensure our category strategies and supply base continue to evolve to enable our stakeholders' success All other tasks and projects as assigned What Do You Need? To be considered for this role, an individual should meet the following minimal requirements: Bachelor's degree required; MBA desired, CPIM, ISM, NAPM, CPSM or APICS certification preferred Minimum of 5+ years' experience in sourcing (Sourcing Manager I) or minimum of 7+ years' experience in sourcing (Sourcing Manager II) Minimum 1-3 years' experience in supervising (Sourcing Manager I) or minimum of three 3+ years' experience in supervising (with sourcing professionals preferred) (Sourcing Manager II) Demonstrated leadership skills including interpersonal relationship building, team facilitation, coaching and mentoring, performance management, and ability to provide both positive and constructive feedback Excellent written and verbal communication skills, able to clearly and concisely communicate information at multiple levels and capable of effective executive management presentations / communications Ability to adapt easily to change and work in a fast-paced environment Advanced contracting and negotiations skills - win/win approach, strategy and tactic development, knowledge of contracting principles, laws, regulations, and industry standards Possess a strong technical background, demonstrating a base level of mechanical understanding; ability to understand physical parts and components based on verbal descriptions or mechanical drawings Experience working with and understanding technical specifications, as well as a varied background in commodity areas (such as raw materials, castings, stampings, electronics, engines, etc.) Strong analytical capabil