Deanna Monaco

Teva Canada Limited
North American Indirect Procurement Manager
Toronto, Ontario

Describe your current work; what is your role there?

I currently influence, lead, and execute indirect procurement initiatives across indirect categories of spend within Canada and North America, partnering with key stakeholders and the Global Procurement team. I am responsible for strategy development; optimization; strategic sourcing; contract negotiations; and project implementations. I also oversee cost savings initiatives and tracking; driving spend efficiencies; and supplier relationship management. From a procurement perspective I have a broad range of experience within MRO, Engineering, Facilities, Capital, IT, Lab, Sales and Marketing, HR, EHS, Waste, Logistics and Packaging categories within the pharmaceutical industry.

Why did you choose a career in the field of supply chain management?

I started at Teva Canada Limited in 2006, supporting the project team for our ERP System implementation. This was my first exposure to purchasing and supply chain; I supported the Supply Management team with data gathering and system updates relating to all supplier and item information. Through this role I had the opportunity to work with many experienced individuals, both internally and externally, and supported several key purchasing projects within different categories of spend. I realized this was the place for me and gradually took on several roles with increasing responsibilities within Indirect Procurement, Supply Chain, and Materials Management (Packaging), returning to Indirect Procurement in 2012. The sheer variety of sectors that procurement comes into contact with made it very appealing, and I looked forward to the many challenges that I truly enjoyed tackling. Procurement offers a wide variety of satisfaction through project work, interactions with all levels of the organization, collaboration, and leadership responsibilities—offering something new to engage you each day.

What does your typical supply chain work day look like? Describe a typical day for you.

A typical day on the indirect procurement side can be ever-changing. I usually am working on different projects; therefore I could be working on creating sourcing documents, analyzing data, reviewing proposals, benchmarking, contingency planning for key commodities, or negotiating a contract with a new supplier. I may be looking at inefficiencies and trying to improve current processes or developing a solution for an area where I see a possible opportunity. I am always searching for the best price, but not only price. Quality and service are also important aspects—it’s the overall proposal. Meeting with key suppliers who we have partnered with is often part of a typical day. I’m often trying to drive cost savings initiatives, reviewing scorecards and KPI’s or determining and implementing best practices within our organization.

What first inspired you to seek the SCMP™ designation?

During my career at Teva Canada Limited, I have had the opportunity to work with many experienced procurement professionals. These individuals provided me with guidance and direction within procurement and supply chain management since I started in 2006 and have supported me ever since. They introduced me to SCMA™ and encouraged me to start the designation process. I remember thinking it would be difficult working full time and going back to school, however I really enjoyed it! I had the opportunity to meet and interact with people from different industries and see different perspectives in the ever changing supply chain environment.

How has the SCMA™ membership/SCMP™ accreditation been of value to you and your organization?

The SCMP™ is the most sought-after and widely held designation in supply chain management. Since starting the program, and now having received my designation and being officially certified, I feel it has allowed me to bring the best knowledge, skills, and abilities I have gained through the program to everything that I do within my role. I have become an innovative leader, strategic thinker, and have used my advanced skills to resolve challenges, build relationships, influence change, reduce costs, negotiate agreements, creatively think outside the box, and source suppliers in this ever changing global marketplace.

What advice would you give to someone just starting their career in supply chain?

The advice I would give to someone starting a career in supply chain is: be patient, focused, and don’t be afraid to ask questions. Working within the supply chain, whether in procurement or logistics, can be extremely challenging and demanding. It’s not for everyone. For many young professionals, it can be difficult to apply what you have learned to your role or organization. Change is always challenging. However, it takes time. Utilize the people around you and learn as much as you can; that transfer of knowledge is very important. For me, I have learned a lot from my colleagues and class peers. Once you get through the initial introduction to supply chain, it becomes very rewarding and has an very positive impact on your organization.

What impact do you think the SCMP™ will have on your career?

The SCMP™ designation has allowed me to become a certified professional within the supply chain management field, bringing added value to our organization. This gives me a competitive advantage over others who do not hold this designation, as I have all the professional competencies necessary for a variety of roles within supply chain. This is the highest achievement in the field, and I believe it will impact my future career prospects positively.