Manager, Purchasing

Hyundai Motor Company•Markham, ON

5d•Onsite

About The Position

The Manager, Purchasing is responsible for leading the purchasing function by developing strategic sourcing initiatives, managing supplier relationships, and ensuring efficient procurement processes that align with organizational goals. The role oversees the purchasing team and ensures effective execution of procurement activities, including RFP processes, contract negotiations, vendor performance management, and cost optimization. The position plays a key role in ensuring compliance with corporate procurement policies while delivering value through strategic supplier partnerships and continuous process improvements.

Requirements

Completion of a Bachelor degree, preferably in Business Administration or Finance.
7+ years in procurement, purchasing, or strategic sourcing or any relevant experience.
SAP experience preferred
Experience with Concur will be an asset
Proficient in MS Office with advanced Excel & data base skills
Demonstrated experience in RFP management, supplier negotiations, and contract management.
Experience implementing supplier performance management systems or vendor scorecards.
Strong analytical, negotiation, and stakeholder management skills.
Excellent oral and written communication skills
Self-motivated, well-organized and detail oriented
Excellent interpersonal skills
Good leadership and delegation skills
Bilingual preferred (English/Korean)

Responsibilities

Develop, propose, and implement Purchasing Department goals, strategies, and process improvements aligned with corporate objectives.
Oversee daily operations of the purchasing function and provide leadership, coaching, and direction to procurement staff.
Ensure purchasing activities align with corporate policies, compliance standards, and financial objectives.
Lead and manage the full Request for Proposal (RFP) process, including development of specifications, supplier identification, bid solicitation, evaluation, and final vendor selection.
Coordinate cross-functional teams during sourcing initiatives to ensure business needs and technical requirements are accurately reflected.
Establish structured bid evaluation processes to ensure transparency, competitiveness, and value.
Lead contract negotiations with suppliers to secure favorable pricing, service levels, and commercial terms.
Draft, review, and manage procurement contracts in collaboration with legal and finance teams.
Ensure all supplier agreements align with corporate procurement policies, risk management standards, and budget objectives.
Develop and implement vendor performance scorecards to monitor supplier quality, delivery performance, cost efficiency, and service levels.
Conduct periodic supplier performance reviews and implement improvement plans where required.
Maintain strategic supplier relationships and identify opportunities for supplier consolidation and cost savings.
Supervise team members in procurement activities including purchase requisitions, purchase order issuance, and contract administration.
Ensure efficient use of procurement systems and tools to maintain accurate records and reporting.
Monitor purchasing metrics and provide regular reporting on cost savings, supplier performance, and procurement efficiency.
Work closely with internal departments including Finance, Legal, Operations, and Business Units to support procurement needs.
Provide guidance and training to internal stakeholders on procurement processes and supplier engagement.
Manage procurement-related budgets and ensure cost-effective purchasing practices.
Support strategic initiatives to optimize purchasing spend and improve overall procurement efficiency.
Approve purchase orders and procurement expenditures within assigned authority limits.
Lead supplier selection and recommend vendor contracts for approval.
Conduct supplier negotiations and recommend contract terms.
Provide hiring recommendations, performance reviews, and development plans for department staff.
Address purchasing issues and implement procurement policies and procedures.