Sourcing Manager - The Toro Company

The Toro Company•Bloomington, MN

22h•Hybrid

About The Position

The Toro Company is seeking a Sourcing Manager to manage a team of Commodity Managers, Supervisors, and Specialists for assigned supply categories. This role involves the development and execution of strategic initiatives and tactical procurement, including contract negotiation and adherence, supplier selection, and supplier performance management. The Toro Company, founded in 1914 and based in Minnesota, is a global leader in providing equipment for landscape maintenance, with a strong emphasis on community involvement and employee development.

Requirements

Bachelor’s degree required
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 capabilities coupled with solid business and financial acumen
Proven supplier negotiation skills
Strong experience with Microsoft Excel and Word, as well as with ERP planning systems
Quick study-able to gain a fact based understanding of current supplier base, supplier economics, and major trends in relevant markets
Passion for reducing costs
Exhibits high energy and the enthusiasm to establish a new approach to sourcing
Self-starter and independent worker-able to juggle priorities
Willingness to travel up to 30% of total time, with ability to operate a vehicle
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.

Nice To Haves

MBA desired
CPIM, ISM, NAPM, CPSM or APICS certification preferred
Experience with SAP is a plus

Responsibilities

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
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