Strategic Sourcing Lead

Posted:
9/30/2024, 9:00:52 AM

Location(s):
Minnesota, United States ⋅ Minneapolis, Minnesota, United States

Experience Level(s):
Senior

Field(s):
Business & Strategy

Workplace Type:
Hybrid

The pay range is $89,700.00 - $161,500.00

Pay is based on several factors which vary based on position. These include labor markets and in some instances may include education, work experience and certifications. In addition to your pay, Target cares about and invests in you as a team member, so that you can take care of yourself and your family. Target offers eligible team members and their dependents comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more, to help you and your family take care of your whole selves. Other benefits for eligible team members include 401(k), employee discount, short term disability, long term disability, paid sick leave, paid national holidays, and paid vacation. Find competitive benefits from financial and education to well-being and beyond at https://corporate.target.com/careers/benefits.

About us:

Working at Target means helping all families discover the joy of everyday life. We bring that vision to life through our values and culture. Learn more about Target here.

Right on pace with Target’s distinctive and beloved retail brand, Procurement works across the business to maximize every resource, asset and relationship. We use good data, in-depth analysis and cross-functional insights to identify and communicate best practices, elevating our sourcing and procurement activities to achieve their very highest potential.

A role with Strategic Sourcing means building and executing category management plans and leading sourcing and negotiation approaches for indirect spend categories. You’ll share and promote the best tactics across the entire company while developing deep category knowledge and close client relationships.  You’ll also collaborate with internal partners who use world class sourcing tools and processes, build total cost of ownership financial models, ensure contract & catalog management, deliver operational leadership, and champion Supplier Diversity in order to optimize leverage for Target.  

This role acts as a trusted advisor; consistently delivering on fundamentals and advanced sourcing techniques through the execution of complex and/or ambiguous projects with tailored engagement models. You will lead cross functional work teams and provide sourcing and negotiation guidance in primary category and/or alternate programs as needed.  You will contribute to the development or enhancement of institutional sourcing/negotiation best practices.  You will develop event strategies and buying programs for indirect spend categories, including guiding the team in financial analysis methods, such as clean sheet and award scenarios.

In this role you communicate and present to internal and external stakeholders (includes the proficiency to engage with Sr. Leadership using tailored messaging and/or storytelling), are able to speak the language of the business, and are skilled enough to drive and manage change across the organization with speed and agility. You operate independently in the application of the strategic sourcing practice, quickly connecting its vision and strategy to project execution that aligns with stakeholder expectations. In leveraging partnerships with subject matter experts, you’ll support teams to develop innovative sourcing strategies, optimize outcomes and generate results based scenarios that are focused on Total Cost of Ownership (TCO) decision making criteria (quality, service and cost impact). You will proactively develop a project pipeline in fulfillment of client category goals and actively grow relationships in support of that mission. You’ll balance category management, business development and collaborative project leadership to deliver results. To ensure desired outcomes while communicating progress in a timely and fact-based manner, you’ll manage and report on progress against sourcing project goals.  You identify and effectively manage a variety of conflict solutions.

You will lead (both internally and externally) contracting efforts partnering with the appropriate legal teams (including large and complex efforts). You actively participate in contract drafting, contract analysis/review and will summarize or interpret relevant business impact.  Demonstrating knowledge of supply/demand dynamics and industry cost structures and mechanisms is critical in this role.  You will leverage your knowledge of costing and delivery models and are able to apply them through-out the project, product or contract lifecycle.  You will maintain awareness of policies and deploy best practices in ethical business behavior. 

You lead and act as a peer mentor to coach new TM’s in skills development.

Core responsibilities are described within this job description.  Job duties may change at any time due to business needs.

About you:

  • 4-year college degree and/or equivalent experience 
  • 7-10 years of relevant experience
  • Negotiations & Contracting experience
  • Retail Supply Chain and/or Stores knowledge preferred
  • Analytical aptitude and insights with ability to work with multiple partners
  • Excellent written & verbal communication skills with experience working directly with Sr. Leaders
  • Ability to build and maintain strong internal and external relationships
  • Experience in public speaking and presenting 
  • Ability to maintain a flexible work schedule around sourcing events and comfortable operating with ambiguity within emerging/growth/fast paced categories in a self-directing environment
  • Strong culture champion with proven experience inspiring peers, leaders, and cross-functional teams, operating with a growth mindset
  • MBA or Juris Doctor (JD) preferred

This position may be considered for a Remote or Hybrid (known internally at Target as "Flex for Your Day") work arrangement based on Target's needs.  A Remote work arrangement means the team member works full-time from home or an alternate location that's not a Target location, does not have a desk at a Target location and may travel to HQ up to 4 times a year.  A Hybrid/Flex for Your Day work arrangement means the team member's core role may be performed either remote or onsite at a Target location depending upon what your role, team and tasks require for that day. Work duties cannot be performed outside of the country of the primary work location, unless otherwise prescribed by Target.

Americans with Disabilities Act (ADA)

In compliance with state and federal laws, Target will make reasonable accommodations for applicants with disabilities. If a reasonable accommodation is needed to participate in the job application or interview process, please reach out to [email protected].

Application deadline is : 10/07/2024