Strategic Sourcing Director

3 weeks ago

Mississauga, Ontario, Canada The Wohl Group Full time
Job Title: Director Medical

Reporting to the CEO, the Director – Strategic Sourcing oversees the review and creation of procurement strategies and drives supplier performance to maximize efficiency and minimize costs. Key responsibilities include managing supplier development, conducting supplier reviews, building and fostering supplier partnerships to identify risks and opportunities. The Director will evaluate and source potential new suppliers, lead strategic contract negotiations with key suppliers, and clarify supplier obligations for proper contract execution. Proactive foresight and industry insight are required to plan ahead for supply chain issues and risk mitigation.

Key Responsibilities:
  • Engage in market research, competitive analysis, and identify industry trends to better understand the supplier landscape, and conditions that affect supply chain, product availability, forecasts, and/or material pricing.
  • Evaluate, develop, and implement sourcing strategies to provide enhanced supplier choice and new product suppliers for industrialization of parts and configuration of new parts.
  • Lead supplier selection process, identification of alternative sources, and backup suppliers, and guide complex and/or large-scale RFPs and contract negotiations.
  • Maintain the repository of contracts, communicate contract terms, and track expirations for stakeholders.
  • Provide ongoing reporting on the status of any critical relationships or pending challenges that could affect planning and impact the Master Schedule, lead times, and/or rate readiness.
  • Collaborate with Quality function to proactively perform audits of suppliers, oversee supplier intervention, and conduct inspections.
  • Develop and manage the operating budget for the Sourcing organization.
Requirements:
  • Degree in Business, Engineering, and/or a technical field or the equivalent combination of education and experience.
  • 10+ years of senior-level responsible for sourcing/vendor management in a related industry, working with multiple business stakeholders within a cross-functional matrix environment.
  • Additional education/formal training or specialization in procurement management, supply chain logistics, and/or project management will be advantageous.
  • Intermediate or advanced level in all MS Office applications, including MS Project, PowerPoint, and Excel.

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