Principal Sourcing Specialist

Boston Scientific transforms lives through innovative medical solutions that improve the health of patients around the world. As a global medical technology leader for more than 40 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 products and technologies are used to diagnose or treat a wide range of medical conditions, including heart, digestive, pulmonary, vascular, urological, women's health, and chronic pain conditions. We continue to innovate in these areas and are extending our innovations into new geographies and high-growth adjacency markets.

We are currently seeking applications for a Principal Sourcing Specialist to join the Global Sourcing team. This is a hybrid role which can be located at our Galway, Cork or Clonmel site. 

Purpose

You will lead end-to-end execution of sourcing events for spend, Indirect Goods and Services and provide excellent customer service to the supported Businesses, Sites, and Regions. The Principal Sourcing Specialist reports to the Regional Manager Sourcing.

Key Responsibilities

• Lead sourcing events from end to end, including:

  • Price negotiations

  • Vendor quote tracking

  • Supplier selection

  • Contract review and approval

  • Takes a strategic and long-term view of sourcing in identifying and developing innovative sources and contracts.

• Direct and drives the stakeholder alignment:

  • Supports the stakeholder identification

  • Engages and ensures input from the stakeholders throughout the sourcing process

• Support and collaborate with Sourcing Managers in the strategic planning and project sourcing execution process:

  • Set up requirements for data analysis, identify the right sources of information and sets up the channels to get the right information to the right person

  • Coordinate the analytics of internal and external data and e-sourcing support

  • Support development of Go-To-Market and negotiation strategies

  • Provide support during the supplier screening and supplier selection process.

  • Performs supplier analysis, including supplier financials and capabilities using available and defined sources of information

  • Leads supplier Performance development activities and Management reviews.

• Performs Sourcing and Category Management activities for projects with limited complexity:

  • Executes end-to-end sourcing projects for less complex categories (in alignment with the Global Manager Sourcing)

• Partner with suppliers and stakeholders to purchase goods and services at an optimal price concurrent with maintaining Boston Scientific Quality standards

• Defines and prepares sourcing event documentation inclusive of requirements, specifications, and inputs

• Support suppliers and the organization throughout the process by resolving inquiries and disputes

• Adhere to company policies, Sourcing, Finance, Quality, Standard Operating Procedures, Work Instructions and all Corporate policies

• Ensure compliance with the Boston Scientific Quality System and Approved Vendor List

• Analyze frequent spend and develop recommendations for improvement in cost and process

• Responsible for achieving annual cost savings and value contribution targets

• Negotiate favorable payment terms with suppliers, Supplier Management: Monitors and communicates quality and delivery performance to the supplier; Obtains bids to promote a competitive environment (locates, interviews, analyzes and evaluates vendor capabilities to select suppliers, partners with these suppliers to maximize company funds.); Responsible for resolving supplier-related problems (works closely with suppliers to assure a positive and professional relationship, always establishing and maintaining open lines of communication.); Maintains awareness of market trends pertaining to their responsibility.

• Proactively engage with Stakeholders/Business leaders and the Global / Regional Indirect Sourcing Team to understand, create alignment and achieve their business strategies and objectives.

• Other Ad hoc or recurring assignments as the needs of stakeholders evolve.

Experience & Qualiications

• Bachelor’s degree required

• Minimum 5-7 years of progressive experience in finance or purchasing

• Understanding Best practice in Souring and procurement.

• Self-motivated managing multiple project types

• Effective negotiation skills

• Customer service orientation

• Strong written and verbal communication skills

• Comfortable with frequent change and ambiguity in a matrix organization

• Analytical decision making; problem solver

• Ability to deliver against targets and objectives

• Dynamic & Interpersonal skill

• Working knowledge of sourcing practices

• Knowledge of SAP

• MS Excel and PowerPoint

Preferred Qualifications

• Contracts Management

• Advanced SAP user/ Ariba

• Advanced MS Excel

• Medical Device Industry knowledge or experience is an advantage

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 is committed to providing reasonable accommodations for applicants and employees with a disability. 

Should you require a reasonable accommodation during the recruitment process or after if offered, please let us know.