Loading...
 
Share this Job

Principal Strategic Sourcing Specialist Job

Apply now »
Apply now

Apply for Job

Date: Nov 28, 2021

Location: Arden Hills, MN, US, 55112

Company: Boston Scientific

Additional Locations: (n/a)

 

Diversity - Innovation - Caring - Global Collaboration - Winning Spirit - Caring - High Performance

At Boston Scientific, we’ll give you the opportunity to harness all that’s within you by working in teams of diverse and high-performing employees, tackling some of the most important health industry challenges. With access to the latest tools, information and training, we’ll help you in advancing your skills and career. Here, you’ll be supported in progressing – whatever your ambitions.


Principal Strategic Sourcing Specialist

 

This position can be in Arden Hills, MN, Coyol and Heredia Costa Rica and Clonmel, Cork and Galway Ireland.



About the Role:
 
The Principal Strategic Sourcing Specialist is responsible for developing and executing optimal commodity & sourcing strategies for the metals team in Arden Hills. Establish & enhance Supplier relationships to drive sourcing & supplier initiatives to meet or exceed product quality, service & deliver sustainable cost reductions, whilst reducing or mitigating risk in the Supply Chain. Responsible for collaborating with internal stakeholders and aligning on optimal sourcing strategies to develop and implement one common Commodity Strategy for the assigned category. Responsible for developing a Supplier Database that identifies and categorizes potential suppliers by commodity and region to increase the value proposition and reduce TCO.
 


Your Responsibilities Include:
 

  • Provide strategic influence while building value-add relationships with engaged 3rd party suppliers and respective internal stakeholders to increase sourcing efficiency.
  • Promotes and works towards balanced continuous (year-on-year) value improvement for all aspects of quality, service, and cost with assigned supply base. Manages supplier performance and identifies Value Improvement Program's to improve TCO accordingly.
  • Ensures optimal balance between collaborative engagement and competitive pressure to ensure maximum value is realized.
  • Negotiates value improvements and manages optimal supplier contracts.
  • Assists in the Supplier Stratification activities and develops capability roadmaps with Supplier Engineering and Commodity Management as part of the Commodity Strategy.
  • Manages strategic supplier relationships in line with the Commodity Strategy and understands the strategic differentiators for each supplier.
  • Interacts with Site Operational Procurement Teams.
  • Owns annual budget process for assigned suppliers as well as crisis or systematic issue resolution.
  • Establish early, new supplier involvement to achieve development performance goals, support project timelines, and manage product cost.
  • Establish and support a work environment of continuous improvement that supports BSC’s Quality Policy, Quality System, and the appropriate regulations for the area they support. Ensure all employees are trained to do their work and their training is documented.
  • Gathers Market Intelligence and trends for the Commodity and Sub-Commodities.
  • Define, build, and plan alignment on Commodity Strategy for assigned commodity.
  • Identifies risks within the commodity and works closely with stakeholders to eliminate or take mitigating actions for strategic risks.
  • Leads R&D communications related to the Commodity and facilitates the identification and evaluation of new materials or technologies to cover current and potential future BSC requirements.
  • Build alignment between business needs and market dynamics.
  • Identifies insourcing and outsourcing opportunities.
  • Develop and implement sourcing strategies in key sourcing categories that results in a sustainable competitive advantage.
  • Guide respective internal leads through a holistic & systematic category approach to material & supplier selection and management.
  • Establish early involvement to achieve development performance goals, support project timelines, and manage product cost.
  • Identifies all suitable suppliers per commodity and region per sample RFQ and develops comprehensive supplier knowledge & database.
  • Works closely with and engages on proactive information sharing with other Global Sourcing Team Members to optimize supply base.
  • Develops Should-Cost Models for major sub-commodities.
  • Analyses data and develops tools to manage the Commodity.
  • Establish and support a work environment of continuous improvement that supports BSC’s Quality Policy, Quality System, and the appropriate regulations for the area they support. Ensure all employees are trained to do their work and their training is documented.
     


What We're Looking For: 

 
Required Qualifications:
 
•    Bachelor’s degree required, engineering degree preferred and/or technical experience.
•    Minimum of 10+ years Strategic Procurement (Sourcing) and Supplier Relationship Management.
•    Experience in a manufacturing environment.
 

Preferred Qualifications:
 
•    MBA degree preferred
•    Metals and Commodities experience preferred
•    Medical Device experience preferred

 

Requisition ID: 503237

 

As a leader in medical science for more than 40 years, we are committed to solving the challenges that matter most – united by a deep caring for human life. Our mission to advance science for life is about transforming lives through innovative medical solutions that improve patient lives, create value for our customers, and support our employees and the communities in which we operate. Now more than ever, we have a responsibility to apply those values to everything we do – as a global business and as a global corporate citizen.

So, choosing a career with Boston Scientific (NYSE: BSX) isn’t just business, it’s personal. And if you’re a natural problem-solver with the imagination, determination, and spirit to make a meaningful difference to people worldwide, we encourage you to apply and look forward to connecting with you!

 

At Boston Scientific, we recognize that nurturing a diverse and inclusive workplace helps us be more innovative and it is important in our work of advancing science for life and improving patient health. That is why we stand for inclusion, equality, and opportunity for all. By embracing the richness of our unique backgrounds and perspectives, we create a better, more rewarding place for our employees to work and reflect the patients, customers, and communities we serve. Boston Scientific is proud to be an equal opportunity and affirmative action employer.

 

Boston Scientific maintains a drug-free workplace. Pursuant to Va. Code § 2.2-4312 (2000), Boston Scientific is providing notification that the unlawful manufacture, sale, distribution, dispensation, possession, or use of a controlled substance or marijuana is prohibited in the workplace and that violations will result in disciplinary action up to and including termination.


Nearest Major Market: Minneapolis

Job Segment: Medical, Strategic Sourcing, Engineer, Supply, Healthcare, Operations, Engineering, Strategy