Strategic Sourcing Manager

Job Description

The Strategic Sourcing Manager will be instrumental in developing category-sourcing strategies and leading cross-functional teams to execute strategic initiatives across Tricon’s markets.

This role involves all aspects of category management including running RFPs / RFIs, vendor discovery, developing material and operational strategies through our vendor base while also ensuring that procurement processes align with Tricon’s strategic goals.

The ideal candidate will bring expertise in market analysis, vendor management, and cost-effective procurement practices.

The role also works closely with the Vendor Performance & Onboarding team to ensure all vendors meet and adhere to our company's standards, regulations, and operational requirements, creating a seamless, efficient, and risk-mitigated vendor partnership ecosystem.

This role will also concentrate on enhancing relationships will Tricon’s vendor community while helping further develop Tricon’s Strategic Vendor Partners.

The ideal candidate will have a strong background in strategic sourcing and negotiation strategies. As part of a rapidly growing company, industry, and department, this position will require innovative thinking and a desire to constantly improve processes and strategies.

Essential Duties and Responsibilities include the following but are not limited to the job specifications contained herein.

Additional duties or job functions that can be performed safely may be required as deemed necessary by supervisory personnel.

Develop sourcing strategies for specified spend categories to achieve key organizational and departmental goals related to cost savings, process improvement, standardization, waste reduction and other pertinent Supply Chain initiatives

Working with Operations, conduct regular specification rationalization analyses for Tricon’s materials

Works closely with Procurement team to develop warehousing / inventory strategies for Tricon’s materials across the U.S. and Canada

Manages and executes Request for Proposal / Request for Information (RFP / RFI) processes at contract expiration by category when industry and benchmark data show apparent savings opportunity

Develop and implement strategic material sourcing plans to meet company objectives and reduce costs.

Collaborate with Procurement, Fleet Management, Operations Leadership, and various operational departments to advance the company's initiatives to meet goals.

Analyze market trends and supplier performance to ensure alignment with company standards and expectations.

Identify and lead cross-functional / continuous improvement activities.

Collaborate with Legal to negotiate contracts and terms with suppliers to secure advantageous terms.

Manages a team of sourcing professionals to prioritize, plan, negotiate and execute strategic sourcing events to achieve savings targets and increase operational efficiency

Collaborate with internal stakeholders to understand their requirements and ensure procurement strategies meet their needs.

This includes working closely with Construction, Maintenance, and Operations

Manage supplier relationships, conducting regular reviews and assessments to foster positive and productive partnerships.

Implement continuous improvement practices in sourcing strategies to enhance efficiency and effectiveness.

Prepare and present reports on sourcing activities, outcomes, and market conditions to senior management.

Work with Vendor Performance & Onboarding Team in the auditing of vendor performance (Tricon’s Vendor Scorecard Program), ensuring compliance with contractual obligations and performance standards

Conduct Quarterly Business Reviews (QBR’s) and Top-to-Top’s with Tricon’s Strategic Vendor Partners

Provide regular updates and reports on projects and sourcing strategies to senior management, highlighting areas of concern or opportunity

Evaluate the current Strategic Sourcing Process, including Tricon’s 7-Step Sourcing Process for enhancements

Work closely with departments such as procurement, accounting, finance, and legal to ensure alignment in vendor engagement and management strategies.

Work closely with Vendor Managers to qualify new vendors

Operate as a subject matter expert for assigned categories

Collaborate with procurement, legal, and other departments to ensure compliance with company policies and procedures, including adherence to Trion’s Fidelity policy

Collaborate closely with all internal stakeholder, fostering an atmosphere of collaboration and empowerment

Travel up to 30% of the time

Qualifications :

Experience managing categories in excess of $50M in annual spend

Demonstrated negotiation skills including a deep understanding supplier contracts

Exceptional persuasion and interpersonal skills in order to interact with suppliers, business leaders and all other internal stakeholders

Experience with ERP systems, Spend Data Analytics & Reporting, eSourcing, inclusive of eAuctions and contract management systems

Writes clearly and informatively and presents numerical data in an easy to digest format

Knowledge of Yardi and Real Estate industry / terminology is a significant plus

Knowledge of Power BI a plus

Demonstrate a high level of attention to detail

Demonstrate intellectual curiosity

Ability to effectively organize and prioritize multiple tasks

Demonstrated understanding of purchasing policies, procedures, practices, and the value and use of procure-to-pay (P2P) digital platforms

Proficient in Microsoft Office; Advanced Excel abilities (pivot tables, VLOOKUP, Index(Match) charting / graphing) preferred

Minimum Requirements :

Bachelor’s Degree preferred, or equivalent combination of education, training, and experience

Minimum of 5 years of experience in strategic sourcing, procurement, vendor management or a related field with 3 years in category management, overseeing a total spend for $150M+ with multiple categories

Minimum of 2 years managing multiple direct reports

Proven track record of developing and managing RFP’s and RFI’s

Strong analytical and strategic thinking skills, with an ability to conduct detailed cost analyses and market assessments.

Excellent negotiation and vendor management skills.

Advanced knowledge of distribution and warehousing

Robust understanding of supply chain management and procurement software. Ariba, Coupa, D365, Yardi, Appian experience preferred

Exceptional communication and collaboration skills to work effectively across various departments.

Knowledge of industry-specific regulations and requirements

Strong organizational skills with an eye for detail

Exceptional communication and interpersonal skills

Ability to manage multiple tasks and projects simultaneously

Proficiency with vendor management software and tools

A problem-solving mindset with strong analytical capabilities

Physical Demands :

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job, including :

Frequently required to sit; talk; and hear.

Occasionally required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms; and stoop; kneel; or crouch.

Occasionally lift and / or move up to 10 pounds.

Vision abilities required by this job include close vision, distance vision and depth perception.