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Randstad is seeking a highly experienced Senior Manager Sourcing to join our client's Global Procurement team in Toronto. The successful candidate will lead and manage complex sourcing initiatives, negotiate multi-million dollar contracts, and contribute to the overall success of the procurement function. This role requires a deep understanding of technology sourcing and a proven track record of success in complex negotiations.
Job Responsibility:
Identifies and analyzes the strategic issues and challenges related to various supplier strategies and recommends the best solution to senior management
Analyze Key Performance Indicators (KPIs) to identify and analyze strategic issues, business unit opportunities, service levels, consolidate critical and non-critical requirements across different suppliers
Effectively prepare, coordinate and conduct all complex supplier negotiations
Develop methodologies to capture savings as well as manage value driven negotiations
Deliver on cost reduction commitments through the identification, development and execution of strategic souring initiatives
Negotiate complex supplier contracts, supports business groups in managing supplier contracts and relationships and drafts and makes necessary amendments to current contracts as necessary
Build effective and strong relationships with key partners and stakeholders (including executive level) by understanding key needs and dynamics across stakeholder groups, decision makers and influencers
Develop and maintain trusted relationships with key suppliers, negotiating pricing/and or quality of service while minimizing risk
Act as a trusted business partner to influence and lead key sponsors and stakeholders through the sourcing process, to gain buy-in, overcome challenges and deliver on high priority, high-risk, complex initiatives
Secures stakeholder support for complex decisions (e.g. unpopular, high-risk, contentious)
Uses networking and market intelligence to forge and maintain key strategic relationships
Develop strategic sourcing strategies for specific business units executing purchases through the use of industry analysis, business knowledge, competitive analysis and sourcing expertise
Create plans to identify or recommend alternative suppliers against the sourcing execution plan, to maximize service levels and procurement activities and create alignment to long-term business strategies
Coordinate and manage external research activities to provide assessment of supply market conditions and to help address issues and challenges associated with the organization's supply chain
Identify, research and prioritize possible sourcing opportunities through internal spend analysis, knowledge of business unit, potential savings and/or business need
Identify new purchasing opportunities and savings strategies through internal spend analysis to ensure sourcing plans meet savings objectives with support from each business unit
Gather internal and external data, and analyze the data to identify and consolidate both supplier and business unit opportunities and requirements across different suppliers
Identify and analyze strategic issues business unit opportunities, service levels, consolidate critical and non-critical requirements across different suppliers
Manage and lead identified sourcing team through all sourcing activities including RFP development and analysis
Develops and implements global efficiencies, standardized tools, practices and procedures, RFP, new supplier and decision-making evaluations
Support KPI and metric reporting to key partners and decision makers to drive insights into business trends and opportunities and measure results
Analyzes complex procurement challenges and assist in developing solutions to best meet business needs
Support development and adherence to financial, fraud-prevention and risk management controls through the Procurement process
Lead enterprise and business unit procurement initiatives
Provide mentoring, coaching to help develop skills and abilities of team members to optimize future job performance
Ensure that employees understand visions, as well as support and reinforce targeted behaviors that align to company's Leadership Model
Requirements:
10-15 years of procurement sourcing experience, not purchasing experience
Previous technology sourcing (5 years minimum experience)
Leads negotiations for complex deals with a total contract value $5Million or more
Contract authoring and editing
Experience in leading and supporting cross functional stakeholder interactions/relationships
Post-secondary education in Finance, Related
Purchasing field or Procurement Designation
Understanding of procurement law and/or regulations
Business and Financial Acumen
Strong Negotiation skills
Strong contract acumen
Strong analytical skills
Achieving financial targets (individual targets of $5MM savings, and team targets of $25MM)
Ivalua
Impact and Influence
Service Oriented Focus (Building Partnerships)
Business and Financial Insight
Communication (verbal and written)
Nice to have:
proven experience sourcing and negotiating deals with AI providers
What we offer:
Opportunity to work within a collaborative and supportive team environment
Challenges and growth opportunities within a global organization