Senior Strategic Sourcing Specialist - Acquisitions

Additional Location(s): US-MN-Arden Hills

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.       

About the role:

As part of a cross-functional acquisition integration team, the Sr. Strategic Sourcing Specialist leads integration activities for the supply base of newly acquired entities and ensures a seamless alignment with Boston Scientific's sourcing standards, objectives, and acquisition goals. This role partners closely with stakeholders in the sustaining Global Sourcing organization and divisional teams along with suppliers and key contacts at the acquired entity to identify and mitigate risks, deliver on integration milestones within defined timelines, and drive sourcing strategy and initiatives. This role also establishes and enhances supplier relationships to support commercial deliverables and ensure successful integration outcomes.

At Boston Scientific, we value collaboration and synergy. This role follows a hybrid work model requiring employees to be in our local office at least three days per week. Boston Scientific will not offer sponsorship or take over sponsorship of an employment visa for this position at this time. 

Your responsibilities will include:

• Facilitating and managing the Service Level Agreement (SLA) between the materials acquisition integration and global sourcing teams, encompassing upfront alignment, contract negotiation and execution, and seamless handover of responsibilities to meet integration objectives and timelines
• Appling strategic sourcing methodologies (spend analysis, market research, benchmarking, negotiation, contracting, continuous improvement) to align with Global Sourcing category strategies and execute activities that support quality, service, and cost goals throughout the integration process.
• Driving and coordinating component cost management, including influencing standard cost setting at the acquired entity and ensuring accurate cost establishment within the BSC system. Maintain ongoing visibility and accountability for pricing, cost reconciliation, and addressing proposed increases between the acquired entity and BSC.
• Owning the bidding process and annual operation plan (budget), ensuring inputs are correct, preventing supplier-related unfavorable PPV, and addressing any proposed increases.
• Developing supplier relationships to drive sourcing initiatives that deliver sustainable cost reductions, mitigate supply chain risks, and achieve year-on-year improvements in product quality, service, and value across the assigned supply base.
• Managing contract and vendor management activities such as strategic reviews, site visits, maintaining supplier performance review metrics/scorecards, risk mitigation, and managing service escalations.
• Monitoring market dynamics and communicate changes that affect internal client needs, identifying trends in category to drive continuous improvement with the larger procurement team.
• Partnering with internal clients and stakeholders to identify sourcing needs, increase value proposition, and reduce total cost of ownership (TCO); conduct buyer/market profiles to share marketplace trends and best practices 
• Collaborating with and influence core teams for NPD, integration, and transfers to support projects, identify and mitigate risk, align with strategic supply base, and deliver in accordance with schedules and cost targets

Required qualifications:

• Bachelor’s degree with at least 5 years of experience in strategic procurement (sourcing) or supplier relationship management
• Minimum 5 years of experience managing supplier contracts and negotiating value improvements
• Minimum 5 years of experience with quantitative tools such as cost modeling and data analysis
• Ability to travel up to 25% globally

 Preferred qualifications:

• Experience working in medical device or similarly regulated industries
• Strong knowledge of negotiation principles, business and legal considerations, and stakeholder decision-making
• Experience working on acquisitions integration projects

Requisition ID: 627112

Minimum Salary: $93600 

Maximum Salary: $177800 

The anticipated compensation listed above and the value of core and optional employee benefits offered by Boston Scientific (BSC) – see www.bscbenefitsconnect.com--will vary based on actual location of the position and other pertinent factors considered in determining actual compensation for the role. Compensation will be commensurate with demonstrable level of experience and training, pertinent education including licensure and certifications, among other relevant business or organizational needs. At BSC, it is not typical for an individual to be hired near the bottom or top of the anticipated salary range listed above.

Compensation for hourly, non-sales roles may also include variable compensation from time to time (e.g., any overtime and shift differential) and annual bonus target (subject to plan eligibility and other requirements).

Compensation for salaried, non-sales roles may also include variable compensation, i.e., annual bonus target and long-term incentives (subject to plan eligibility and other requirements).

Compensation for sales roles is governed by Sales Incentive Compensation Plan (which includes certain annual non-discretionary incentives based on predetermined objectives).

Our organization is across Canada and has commercial representation in 140 countries.

This job involves regular collaboration with colleagues, clients, and stakeholders across Canada, the U.S., and/or internationally, making proficiency in English essential for effective communication and alignment. English is necessary for engaging with a range of documentation and maintaining effective communication if interacting with external clients or vendors.

As detailed in the job description, this job involves communicating, both verbally and in writing, with other Boston Scientific teams located across Canada, the United States and/or with our international clients and partners. International customers and partners represent an important part of our activities. Based on an evaluation, we have determined that the duties of Senior Strategic Sourcing Specialist - Acquisitionsposition require knowledge of English in addition to French (oral and written). We also determined that the English language skills already required of other employees do not permit the performance of English language skills tasks related to Senior Strategic Sourcing Specialist - Acquisitions position.

However, in Québec, Boston Scientific limits as much as possible the number of positions for which it requires the knowledge of another language than French. Boston Scientific solely requires proficiency in English where it is necessary for the performance of an employee’s duties.

Boston Scientific transforms lives through innovative medical technologies that improve the health of patients around the world. As a global medical technology leader for more than 45 years, we advance science for life by providing a broad range of high-performance solutions that address unmet patient needs and reduce the cost of healthcare. Our portfolio of devices and therapies helps physicians diagnose and treat complex cardiovascular, respiratory, digestive, oncological, neurological and urological diseases and conditions. Learn more at www.bostonscientific.com and follow us on LinkedIn.