Sourcing Cost Excellence Manager, Global Manufactured Components

Position: Sourcing Cost Excellence Manager, Global Manufactured Components - The Toro Company
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** Sourcing Cost Excellence Manager, Global Manufactured Components - The Toro Company
** With roots dating back to 1914, The Toro Company was built on a tradition of quality and caring relationships. Today, the company is a leading worldwide provider of innovative solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. Through a strong network of professional distributors, dealers, rental stores and retailers in more than 125 countries, we proudly offer a wide range of products across a family of global brands to help golf courses, professional contractors, underground construction professionals, groundskeepers, agricultural growers, rental companies, government and educational institutions, and homeowners – in addition to many leading sports venues and historic sites around the world.##

** Your Opportunity:
** The
** Sourcing Cost Excellence Manager, Global Manufactured Components
** is a strategic and self-directed leader responsible for driving cost efficiency across three core areas:
** Tariffs**,
** Cost Savings**, and
** Budgeting**.  This role will champion the transition from "Sub Category Budgeting" to "Parts Level Itemized Budgeting."  This role is essential to reducing financial exposure, enhancing sourcing productivity, and ensuring fiscal discipline across the sourcing department. The Cost Manager will also mentor the Cost Analyst and provide guidance to the broader sourcing team.##
** Sponsorship:
*** Applicants must be legally authorized to work in the United States. We are unable to sponsor or take over sponsorship of a school/employment or any other visa , regardless of expiration date, now or in the future.## ##
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* Work Location:

*** This role will be based at the Bloomington, MN Toro's International Corporate Headquarters.  Fully remote is not available at this time.
* The current team works 3-days on campus, with optional 2-days remote.
* Typical office environment as it pertains to lighting, temperature, and noise level when in administrative/operations offices.
* Dexterity of hands and fingers to operate a computer keyboard and mouse, and to handle other computer components## In order to grow and build a successful career with The Toro Company, you will be responsible for:
* ** Tariff Management:
** Maintain a centralized database of all tariff planned costs incurred through supplier pricing or invoicing.  Lead efforts to reduce The Toro Company’s tariff-related expenditure by at least 25%. Po actively identify and implement mitigation strategies to minimize risk and exposure.  Draft and maintain policies that support process improvements and compliance in tariff management.
* ** Cost Savings Leadership:
** Own the cost savings process for Direct Material Sourcing and Aftermarket Supply Chain.  Facilitate ideation sessions and maintain a robust pipeline of productivity projects.  Ensure that 125% of the next fiscal year’s savings target is identified three months prior to fiscal year-end.  Align with engineering leaders to prioritize high-impact savings opportunities. Represent Direct Material Sourcing with business unit partners.  Provide mentorship and guidance to sourcing team members on cost savings delivery.

Champion a culture of continuous improvement and innovation in cost management.
* ** Budgeting and Financial Reporting:
** Lead the budget setting process for the sourcing department.  Manage monthly budget reconciliation and forecasting, including identification of risks and opportunities.  Reduce workload related to purchase part variance tracking by 25% or more through automation in partnership with Finance and Sourcing Analytics. Deliver monthly executive summaries and presentations of financials to leadership. Draft and implement policies that streamline budgeting and reporting processes.
* ** Leadership & Development:
** Grow and develop the Cost Analyst through coaching, performance feedback, and skill-building. Serve as a mentor to sourcing team members on budgeting, tracking, and cost savings…