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Procurement Manager
2 months ago
Job Title: Procurement Manager
Job Summary:
We are seeking a highly skilled Procurement Manager to join our team at Toyota Canada Inc. The successful candidate will be responsible for developing and implementing procurement strategies to support our Finance and Accounting department.
Key Responsibilities:
- Develop and execute procurement strategies to assigned divisional categories
- Develop and maintain organizational Spend Analysis and Compliance metrics
- Act on RQ/PO requests through Procure to Pay system (SAP) while ensuring compliance to system requirements
- Assess the requirements of the organization to develop specifications for products/services
- Identify new service providers and research new products
- Manage supplier base for internal client groups
- Lead negotiations with external vendors
- Monitor and control contracts and vendor performance
- Resolve ongoing, escalated issues (mitigate undue vendor supply/financial exposure)
- Establish and implement procurement policies, procedures, and processes that ensure organizational compliance
- Support departmental priorities, providing input in the day-to-day challenges and decision-making process
- Provide advisory-level services to all levels of the organization, including Executives
- Support the Procure to Pay module by liaising with key team members as the SME on purchasing and requisitioner requirements
- Conduct analysis on spending and budget data; present findings and make recommendations to senior management through business case reviews to improve financial controls and realize cost savings
- Take initiative to collaborate with the legal department and ensure optimal preparation and structure of service and consulting contracts
- Develop and lead the process for periodic evaluation of supplier performance and/or vendor reviews as needed
- Help lead the development of an enterprise-wide vendor management strategy involving the evaluation, selection, and onboarding of strategic vendors, ensuring they meet quality, reliability, and compliance standards
- Assist in the design and implementation of standardized TCI vendor key performance measures, score-carding, Quarterly Business Reviews (QBRs), risk indicators, and outcome targets to improve efficiency, generate continuous improvement, and build accountability
- Assist in adopting a framework for the Procurement team involving regular vendor reviews and identify opportunities for vendor consolidation, cost reduction, and process improvement
- Establish standard KPI/SLA metrics
Requirements:
- University degree in Business Administration, Commerce, Economics, or related field, or a combination of education, training, and experience
- 5+ years of experience in Procurement/Strategic Sourcing/Category and Contract Management; Vendor management experience is preferred
- 3+ years of experience with procurement ERP systems (SAP preferred)
- Experience working with internal and external parties to identify business requirements, design and implement business solutions, monitor vendor performance, and/or resolve issues with diplomacy
- Understanding of Contract Management principles
- Understanding of Finance; Awareness of accounting principles is an asset
- Knowledge of financial systems, processes, and internal controls over financial information
- Ability to foster and maintain relationships with internal and external stakeholders
- Advanced program management skills, ability to lead sourcing events, influence key decision-makers, and build successful partnerships with internal business units
- Strong negotiation skills with proven ability to influence outcomes
- Strategic/critical thinking, advanced problem-solving, and decision-making
- Ability to effectively manage and execute priorities
- Strong communication and presentation skills at all levels, including an executive audience
- Working knowledge of Microsoft Office Suite (including Visio)