Procurement Manager Toyota – Los Angeles, CA

Procurement Manager
Toyota – Los Angeles, CA

Toyota Financial Services Our people are the driving force behind our success and we’re moving forward! Join a dynamic company known for rapid growth and solid success.

As the Procurement Manager you would lead the delivery of procurement expertise and solutions that meet or exceed customer expectations while minimizing risk and maximizing value to TFS. Manage processes that provide service and support for: business and sourcing planning; competitive sourcing; contracting; purchase order execution; and supplier and contract management. Deliver efficient, cost effective, customer-focused processes through standard practices that result in higher quality, service, and value and which mitigate risk for TFS.

Sourcing and Contracting (35%)

Manage strategic sourcing, competitive bid, and contract processes. Establish and maintain highly collaborative, effective business relationships across different levels of internal customers and external suppliers. Enable governance framework to drive TFS to identify the best suppliers of goods and services. Deliver insight and maintain awareness of supplier diversity program and opportunities for including diverse suppliers. Leverage North American partnerships (e.g., TEMA, TMA, etc.) and global partnerships (e.g., TFS SFCs) to identify common suppliers and establish regional / global agreements that benefit Toyota. Maintain the structure and approach for bidding and contracting for goods and services. Review contract transactions to ensure a sound bid approach and that a competitive environment is maintained. Participate in supplier negotiation strategy and negotiation activities. Work in partnership with Legal, BTS, Enterprise Compliance, and Information Security to improve sourcing and contracting process. Maintain and modify contract management processes to include monitoring for maintenance, licensing, expirations, service level agreements (SLAs), penalty clauses, and respective remediation. Ensure contract renewal and amendments are proactively planned / budgeted for with a focus on optimizing financial and legal terms.

Purchasing Process (35%)

Manage execution of tactical procurement tasks in alignment with established policies, procedures, and process standards. Ensure purchase requisitions and purchase orders are accurate / complete and in compliance with established policies and procedures. Provide period reporting of performance (e.g., metrics, statistics, trends, etc.) and progress towards objectives. Develop, maintain, and ensure strong adherence to policies and procedures designed to meet / exceed audit requirements. Provide periodic management reporting for policies or procedures exceptions. Provide documentation to support SOX reporting. Execute and properly document all internal controls. Develop and maintain relationship with TFS Internal Audit Department to assist in identification and remedy of control issues.

Monitor / Measure / Escalation (15%)

Evaluate supplier performance based on time, quality, scope, budget, capacity, and responsiveness. Deliver decision-making framework and change management efforts across TFS, including education for associates and suppliers. Lead communication between all key stakeholders (i.e., TFS associates, suppliers, etc.). Act as TFS business unit escalation point for all supplier service issues. Escalate deficiency notification when warranted for supplier performance deficiencies. Correct failures in an expedited manner by following established issue and escalation process. Communicate issues and resolutions clearly and effectively to all key stakeholders.

Compliance and Improvement (15%)

Ensure department compliance with established policies, procedures, and process standards. Update established policies, procedures, standard processes, or guidelines to support controls and meet / exceed internal and external compliance requirements. Support delivery of quality methodologies and continuous improvement efforts designed to generate productivity and cost efficiencies.

1. Manager-level position manages Senior Contract Specialist, Contract Specialist, Senior Buyer/Supplier Risk Analyst, Procurement Analyst, and contingent staff.

2. Manager responsibilities include:
Provide overall supervision, direction, and development of staff in performance of duties. Manage team workload and reporting. Manage Senior Contract Specialist, Contract Specialist,, / Senior Buyer/Supplier Risk Analyst, Procurement Analyst, and contingent staff performance including cycle time, updates to system of record, project assignments, etc Perform resource planning including assessments necessary for balancing staff workload. Establish strategic and tactical team goals. Facilitate employee engagement and satisfaction. Perform staff administrative duties. Create individual developmental plans (IDP) to enhance staff growth and opportunity. Conduct periodic formal and informal performance appraisals. Conduct training needs assessment and provide either “on the job training” or formal training.

TFS is looking for individuals with strong business sense and practical expertise. Successful candidates should have:


8-plus years of professional / managerial experience in supplier sourcing and procurement, including management of third-party suppliers. Bachelor’s Degree in Business or related supply chain management discipline. MBA preferred.


Business partnering with internal / external customers in a highly collaborative, effective manner. Contract development, negotiation, and resolution. Evaluation of multiple factors to arrive at conclusions and recommendations, which lead to decisions and actions that have a positive impact. Key stakeholder communication delivered in a clear, concise, and correct manner. Demonstrated ability to operate effectively in fast-paced, dynamic environments. Operational / service cost reduction and performance improvement efforts, with emphasis on the ability to both identify and implement improvements. Management of financial methods and the ability to apply analytical rigor to identify and evaluate important facts and trends. Clarification of problems, assessment of gaps / weaknesses, and development of action plans. Demonstrated leadership experience and ability to set direction and drive team to objectives. Demonstrated usage of quality improvement tools . Highly effective verbal and written communication and interpersonal skills, and the ability to interact with all levels of associates and management. Demonstrated ability to work in an independent, flexible, and organized manner while creating a team-oriented environment.


Structure and contents of contracts. Legal language and terminology. e-Purchasing tools.

Turn toward great benefits:
Work/Life benefits (flextime, 9/80 work schedules offered where applicable, tuition reimbursement) Vehicle lease and purchase (Associates are eligible date of hire, access to favorable rates and more incentives!) Medical, dental and vision insurance (Associates are eligible date of hire & premiums are paid by Toyota) Matching 401(k) and fully funded Pension Plan Paid time off (vacation, sick, personal, holidays)

About Toyota Financial Services Headquartered in Torrance, Calif., Toyota Financial Services (TFS) is the finance and insurance brand for Toyota in the United States, offering retail auto financing and leasing through Toyota Motor Credit Corporation (TMCC) and extended service contracts through Toyota Motor Insurance Services (TMIS). Lexus Financial Services is the brand for financial products for Lexus dealers and customers. TFS currently employs over 3,300 associates nationwide, and has managed assets totaling more than $81 billion. It is part of a worldwide network of comprehensive financial services offered by Toyota Financial Services Corporation, a wholly-owned subsidiary of Toyota Motor Corporation. Equal Opportunity Employer M/F/D/V. We E-verify.

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