Strategic Sourcing Manager

5 days ago

Old Toronto, Ontario, Canada Holt, Renfrew & Co. Full time
Job Summary

We are seeking a highly skilled Strategic Sourcing Manager to join our team at Holt Renfrew & Co. as a key member of our procurement function. The successful candidate will be responsible for delivering strong results that support the company's strategies and will provide significant value to the business units.

Key Responsibilities
  • Partner with stakeholders to source products and services using proven tools, processes, and analytics to drive and achieve business results.
  • Develop and influence sourcing strategy using the best tools and methodology by project, in collaboration with internal business clients.
  • Oversee sourcing events with 3rd party partners, ensuring a transparent and objective process.
  • Evaluate analyses of sourcing results from a total cost of ownership perspective, and provide optimization recommendations.
  • Lead cross-functional teams to negotiate value-based agreements with vendor partners.
  • Optimize processes and contracting strategies to drive business value.
  • Contract Management (ability to create and manage contracts, partner with legal and internal business teams, reduce exposure to risk factors).
  • Own vendor negotiations during sourcing events to help the organization meet savings targets and other KPIs.
  • Experience leading procurement/sourcing decisions and owning/facilitating strategic sourcing process (e.g., defining service-level agreements/scope of work, launching RFPs, negotiating with vendors).
  • Educate lines of business around strategic sourcing process and initiatives.
  • Ensure appropriate sourcing strategies are in place for effective and timely execution of initiatives.
  • Establish sourcing strategies for an assigned portfolio in conjunction with the business.
  • Evaluate supplier performance in conjunction with the business.
Requirements
  • Post-secondary degree in a related field.
  • 5-7 years of post-university work experience in category-specific procurement to include sourcing, negotiation, and contracting, preferably in a retail environment.
  • Knowledge of the drivers of operational performance and costs, including SLAs, performance management practices, and the value of risk within contracts.
  • Excellent communication skills and ability to build meaningful team relationships to drive results.
  • Leadership presence and proven ability to influence Executives and VPs.
  • Adaptable and comfortable with ambiguity and change.
  • Proficiency in analytical methods and deriving insights from data.
  • Proficient in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
  • Demonstrated top performance in prior role(s) with increasing levels of responsibility.
  • Experience in program development, competitive bid process, vendor selection, and vendor risk assessment.
  • Hands-on experience in leading strategic sourcing initiatives.
  • Hands-on experience in managing projects, contracts, and vendors.
  • Ensure compliance with privacy policies, regulations, and cyber security measures.
What We Offer
  • Contribution to financial objectives.
  • Individual objectives linked to the achievement of department goals.
  • Feedback from internal and external clients.
  • Adaptive to fast-paced, constantly changing environments.
  • A desire to grow professionally as the role's responsibility grows rapidly with the business.
  • Deep subject matter expertise in the area of procurement, including in-depth knowledge of industry structure, economic drivers, supplier solvency, and competitive situations.
  • Excellent communicator with strong persuasion and influencing skills.
  • Excellent relationship building, interpersonal, and influence skills.
  • Robust analytical and critical thinking skills.
  • Specific expertise in designated indirect spend categories, as applicable.
  • Demonstrating strong working knowledge of Microsoft Office (Excel, Word, Outlook, etc.) software.
  • Experience with SAP or other ERP systems.

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