Principal Strategic Sourcing Specialist

Additional Location(s):  N/A

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

About The Role:
 

The Global Sourcing Mission at BSC: Partner ​with best-in-industry suppliers ​to provide materials, products, innovation, and services that drive a ​competitive advantage ​for Boston Scientific. Join our sourcing team to help us fulfill this mission and advance science for life!

The Principal Strategic Sourcing Specialist is responsible for developing and executing category and sourcing strategies for Electronics categories that meet and exceed product quality and achieving service and cost improvement targets. The individual in this role will also lead a category team of cross-functional partners in Supplier Quality and Supplier Engineering to achieve category objectives and collaborate with Divisional stakeholders to align on optimal sourcing strategies within our Electronics category. Our ideal candidate has exceptional negotiation skills, is passionate about product quality, has a proven track record of reducing costs and improving delivery times, has expertise managing multiple contracts, and enjoys cross-functional and multi-division collaboration.  

Your Responsibilities Include:
 

• Establishing category strategies that result in a sustainable competitive advantage
• Managing strategic supplier relationships in line with company and category expectations
• Negotiating and executing contracts that deliver the best outcomes for Boston Scientific 
• Driving sustained year-over-year value improvement related to quality, service, and cost
• Defining technology roadmaps that align with long-term product/patient needs
• Collaborating with Supplier Engineering to develop should-cost models
• Gathering and analyzing market intelligence and reporting on trends, risks, etc.
• Identifying market/sourcing risks and working with stakeholders to define and execute mitigation plans
• Demonstrate the ability to effectively engage and influence a diverse range of stakeholders, ensuring alignment with project goals and organizational objectives. This includes building strong relationships, facilitating discussions, and negotiating outcomes that benefit all parties involved.
• Exhibit peer leadership skills by guiding and mentoring team members, fostering a collaborative environment, and promoting a culture of accountability and excellence. This role requires the ability to inspire and motivate colleagues, driving team performance through shared vision and mutual support
• Establishing an optimal balance between collaborative engagement and competitive pressure with supply base to ensure the maximum value is realized, including negotiations on supplier contracts and value improvements 
• Providing source selection recommendations for new products that align with the category strategy
• Driving early supplier involvement with R&D to achieve development objectives, timelines, and costs
• Implement best practices in project management execution, utilizing methodologies that enhance efficiency and effectiveness. Monitor progress, adjust strategies as necessary, and ensure that project deliverables meet quality standards and stakeholder expectations.
• Attending on-site supplier visits for assessments, negotiations, business reviews, etc.
• Facilitating the identification and evaluation of new materials or technologies
• Identifying and rationalizing insourcing vs. outsourcing opportunities
• Supporting or leading business process improvement projects 
• Providing support to Site Purchasing Teams as required
• Establishing a work environment of continuous improvement that supports Boston Scientific’s Quality Policy, Quality System, and applicable regulations
• Facilitating supplier business reviews 

What We’re Looking For:

Required Qualifications: 
 

• Minimum of a bachelor’s degree in Supply Chain, Engineering, Business, or a related field 
• Minimum of 10 years of experience in Sourcing, Supply Chain Management, or Supplier Relationship Management 
• Ability to travel up to 20%

 Preferred Qualifications: 
 

• MBA and / or Professional Certification (CPSM, CPIM, CSCP, PMP, Lean Six Sigma, etc.) 
• Sourcing experience for electronic components or medical devices
• Experience working in medical device or similar regulated industry
• Strong decision-making and negotiation skills, ability to influence internal and external teams.
• Experience with project management and peer leadership
• Ability to work independently and collaborate with cross-functional teams to complete projects 
• Strong interpersonal skills, with ability to communicate effectively with individuals on all levels
• Strong critical thinking and analytical skills: process and results-oriented
• Detail oriented with strong organizational skills; ability to multi-task and prioritize competing responsibilities effectively

Requisition ID: 595383

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 Corporation has been and will continue to be an equal opportunity employer. To ensure full implementation of its equal employment policy, the Company will continue to take steps to assure that recruitment, hiring, assignment, promotion, compensation, and all other personnel decisions are made and administered without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identify, gender expression, veteran’s status, age, mental or physical disability, genetic information or any other protected class.

Boston Scientific maintains a prohibited substance 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.

Please be advised that certain US based positions, including without limitation field sales and service positions that call on hospitals and/or health care centers, require acceptable proof of COVID-19 vaccination status.  Candidates will be notified during the interview and selection process if the role(s) for which they have applied require proof of vaccination as a condition of employment.  Boston Scientific continues to evaluate its policies and protocols regarding the COVID-19 vaccine and will comply with all applicable state and federal law and healthcare credentialing requirements.   As employees of the Company, you will be expected to meet the ongoing requirements for your roles, including any new requirements, should the Company’s policies or protocols change with regard to COVID-19 vaccination.