Strategic Sourcing Manager

2 weeks ago

Toronto, Canada TD Bank Full time

401612BR

Procurement & Sourcing

Toronto, ON

March 2, 2023

Company Overview

Department Overview

TDBG spends around $8bn each year with suppliers. Strategic Sourcing Group’s (SSG) role, in collaboration with our business partners, is to create sustainable competitive advantage for TDBG by leveraging this third party spend and the expertise of our key suppliers to meet our needs, reduce total cost, and mitigate supply-related risks.
- Our role is global in scope and we have embarked on a journey within our department, and more broadly across the organization, to transform the way we do sourcing, procurement, purchasing and vendor management.
Our team comprises over 200 people who are located in various TDBG locations across North America.

**Job Description**:

- Assists the Senior Category Manager to support business partners
- Manages category and strategic sourcing strategies that support TD and business partner needs and objectives as well as help to mitigate risks to business and TDBFG
- Provides guidance on outsourcing governance best practices
- Contributes to TDBFG’s target savings while meeting the needs of internal business partners
- Monitors supplier contract value and category spend compliance
- Develops demand management strategies for category specialty (spend analytics, identify spend efficiencies and sourcing opportunities) and category value optimization strategies (total cost of ownership analytics and optimization, supply chain quality improvements, cost modeling, procurement related economics & financial analysis)
- Monitors supplier contract value and category spend compliance
- Supports the development and implementation of North American category strategies employing category management best practices
- Conducts market intelligence activities for category specialty Industry, supply market and supply chain research and analytics, category sourcing and outsourcing trends and best practices
- Develops sourcing strategies and with oversight of Senior Category Manager, manages strategic sourcing activities
- Leads sourcing initiatives including requirements gathering, supplier/solutions evaluation and supplier selection activities
- Leads contract negotiations with external suppliers and internal stakeholders
- Ensures sourcing process and supplier contracts deliver maximum quality, at service levels and/or price points that meet business partners requirements
- Facilitates the vendor selection process working as a team with Associates and Analysts

**Requirements**:

- 4 Year Degree or equivalent experience
- 7+ Years of related experience
- Must have excellent negotiating and influencing skills to be utilized during internal and external negotiations
- Must have strong Relationship Management skills, Negotiation skills, Project Management experience
- Strong presentation skills and strong analytical skills
- Specialized knowledge required to negotiate and assess vendors on behalf of the Bank
- Must have general knowledge of Strategic Sourcing lifecycle
- Must have general knowledge of the TD Bank organizational structure, including the main business groups and their functions, key contact points, etc
- May be required to travel to various business unit/client locations
- Must be eligible for employment under regulatory standards applicable to the position.

Additional Information

LI-Hybrid

Hours

37.5

Inclusiveness

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.

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