Sourcing Manager
- The Toro Company The Toro Company
- 3.3 Bloomington, MN Job Details Part-time $100,000
- $155,000 a year 21 hours ago Benefits Health insurance Dental insurance 401(k) Work from home Vision insurance Flexible schedule Qualifications Microsoft Word Contract management Microsoft Excel Team development Supervising experience Bachelor's degree Team management Mentoring Contracts Procurement contract negotiation Financial acumen Mechanical knowledge Full Job Description 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 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; Experience with SAP is a plus 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 What Can We Give You? At The Toro Company, we are always working to make sure our employees know just how valued they are. In addition to a competitive salary, an affordable and top tier medical/dental/vision plan, 401k, and many other great benefits
- The Toro company offers employees at ourBloomington, MN HQlocation a variety of perks, including: Dress for your day
- We know you're more productive when you're comfortable, which is why TTC employees are encouraged to take advantage of our casual, corporate environment. Location
- Conveniently located near both St. Paul and Minneapolis, we are centrally located for most commuters! Food
- Take advantage of our onsite café, which serves both breakfast and lunch. With a Caribou Coffee attached, you can grab a snack and a coffee at any time during your day. Wellness
- The Toro Company's HQ offers complimentary use of our onsite fitness facility to employees. In addition to physical wellbeing, TTC offers a variety of mental health and financial health resources to all employees. Volunteerism
- The Toro Company is proud to provide employees 20 hours of paid time to volunteer in the community. Summer Hours
- Enjoy a flexible schedule during the summer! By working a little more during the first few days of the week, TTC employees at our Bloomington HQ are able to start their weekends early and leave by noon on Friday. Flexible Work Arrangements
- This team is currently implementing a hybrid work schedule. The opportunity to collaborate in the office and work from home part-time, has promoted team-building and flexibility. #LI-Hybrid Competitive Salary
- The pay range takes into account skills, experience, education, and location. It is not common to be hired at or near the top of the range; compensation decisions are dependent on the facts and circumstances of each case. A reasonable estimate of the annual pay range is between $100,000
- $155,000.
Cash compensation is one piece of our competitive total rewards package. You may be eligible to participate in an incentive program, which rewards employees based on individual and organizational performance. Eligibility and award amounts are determined by company policy and performance metrics. If you need to, you can access your pay early with the dailypay app. At The Toro Company, we are committed to fostering a secure and trustworthy recruitment experience for our applicants. Recruitment fraud is a growing concern for job seekers, so please be aware that throughout our recruitment process, you'll never be required to pay any fees or disclose personal financial details when applying to TTC opportunities. All legitimate job opportunities must be applied for directly through our official careers page at jobs.thetorocompany.com or via Workday, our applicant tracking system. The Toro Company is an Equal Opportunity Employer. We consider all qualified applicants based on merit and do not discriminate on the basis of race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), parental status, national origin, age, disability, genetic information, military service, or other non-merit factors. We are committed to creating a welcoming environment for all employees.
