Sourcing Manager - New Product Development

The Toro Company - Bloomington, MN (30+ days ago)3.8

As a leader within the Global Sourcing team strive to create a competitive advantage by reducing total cost, improving quality and increasing delivery reliability in collaboration with suppliers. Provide direction for sourcing and supply management of component parts, assemblies and materials in a multi-plant environment for new product development teams. Integrate the sourcing process with Toro divisions, manufacturing plants and suppliers to ensure the development and implementation of sourcing strategies designed to reduce the total cost of Toro ownership.

Maximize The Toro Company profits through strong market and competitive analysis and professional negotiations in order to secure the best material cost, quality and supplier service to meet business needs.
Develop and maintain close working relationships with division business managers to ensure thorough, proactive communications so that all business needs related to material and service acquisition are fully met. Be an active member of monthly project updates and the 1PDS process to include stage gate meetings.
Participate in business/division LRP process and the establishment of annual key objectives.
Integrate the sourcing process with Toro divisions, manufacturing plants and suppliers to include lean initiatives, design for manufacturing and assembly and plan for every part to ensure successful new product launches.
Work with all roles in sourcing to help drive cost reductions that require engineering qualification to implement.
Ensure that sourcing strategies are followed by new product development teams which includes analysis and review of customer requirements, product requirements, market conditions and supplier capabilities and the approved supplier list.
Track metrics for the advanced sourcing team and report monthly on status of cost savings, number of parts released to production, number of business awards to grow, maintain and eliminate suppliers, completed application reviews and warranty agreements.
Recommend and develop supplier partnerships or alliances that aid in meeting total delivered cost, innovative solutions and quality and service objectives while building a competitive advantage. Communicate potential supplier additions to strategic commodity teams and leaders.
Promote early supplier involvement in new product development teams to drive down costs, improve manufacturability of parts for suppliers and maintain highest quality of products.
Provide forum for suppliers to share latest technologies with engineering and sourcing teams (lunch and learns).
Manage, develop and recruit skilled sourcing staff to initiate, plan and implement sourcing initiatives. Utilize employee development plans for each employee.
Collaborate with other sourcing leadership team members toward achieving departmental goals.
Confer with trade associations, suppliers, professional and governmental agencies to broaden knowledge of industry trends and development.
Participate in long-range planning processes and the establishment of annual objectives.
Ensure proper levels of staffing, manage budget and administer tasks associated with direct reports.
All other tasks and assignments as needed and/or requested.

Oversees the work of sourcing personnel supporting strategic sourcing activities for a wide variety of low, medium and high complexity materials, components and services.
Scope of responsibility will include new product development.
Interface with marketing, engineering, legal, suppliers and manufacturing facilities.
Travel 10 – 20% of time domestic and international.
Typical office environmental as it pertains to lighting, heating/cooling, sitting and standing.
Movement throughout supplier production facilities to include walking, standing and sitting is required for supplier visits.

Bachelor’s degree required; MBA desired, CPSM or APICS certification preferred.
Minimum of seven (7) years’ experience in strategic sourcing to include new product development, global sourcing and cost analysis projections.
Minimum of three (3) years’ experience in supervising (with sourcing professionals preferred).
Demonstrated leadership skills including interpersonal relationship building, team facilitation, coaching and mentoring, performance management, and ability to provide both positive and constructive feedback.
Demonstrated experience developing and implementing business strategy; extensive business case/report writing and a strong background in market research.
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.
Strong analytical and problem-solving skills.
Proficient with Microsoft Office suite; SAP ERP software proficiency desired.
10 to 20% travel (domestic and international).

We are proud to be an Equal Opportunity Employer including protected veterans and individuals with disabilities.

Required Skills

Required Experience