Principal Sourcing Specialist

Recruiter: Francisco Munoz Munoz

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

At our company, we value diversity and believe it is our greatest strength. We are committed to empowering women, supporting the LGBTQ+ community, and creating opportunities for individuals with disabilities. Our belief is that your diversity enriches our work environment. As an equal opportunity employer, we wholeheartedly welcome applications from all qualified candidates, regardless of their background. Additionally, we have a Gender Equality Policy that reflects our commitment to fairness and equality in the workplace

The Principal Strategic Sourcing Specialist at Boston Scientific is responsible for developing and executing optimal category & sourcing strategies for finished medical devices. Establish & enhance supplier relationships to drive sourcing & supplier initiatives to meet or exceed product quality, service & deliver sustainable cost reductions, while reducing or mitigating risk in the Supply Chain. Responsible for collaborating with internal stakeholders and aligning optimal sourcing strategies to develop and implement one common category strategy for the assigned category. Responsible for developing a supplier database that identifies and categorizes potential suppliers by category and region to increase the value proposition and reduce TCO.

 Key Responsibilities

• Develops and implements Category Strategies in applicable sourcing categories that results in a sustainable competitive advantage.

• Provide strategic influence while building value-add relationships with engaged finished good suppliers to increase sourcing efficiency.

• Manages strategic supplier relationships in line with the Category Strategy and understands the strategic differentiators for each supplier.
• Define, build, and plan alignment on Category Strategy for assigned category.
• Gathers Market Intelligence and trends for the Category and Sub-Categories
• Identifies risks within the category and works closely with stakeholders to eliminate or take mitigating actions for strategic risks.
• Drives Supplier strategic activities and develops Supplier capability roadmaps as part of the Category Strategy by collaborating with Supplier Engineering, Supplier Quality and other key stakeholders.
• Promotes and works towards balanced continuous (year-on-year) value improvement for all aspects of quality, service, and cost with assigned suppliers. Manages supplier performance and identifies Value Improvement Programs to improve TCO accordingly.
• Ensures optimal balance between collaborative engagement and competitive pressure to ensure maximum value is realized.
• Negotiates value improvements and manages supplier contracts.
• Provide strategic influence with internal stakeholders.
• Responsible for arranging and executing monthly and quarterly supplier performance reviews with key suppliers. 
• Owns annual budget process for assigned suppliers as well as crisis or systematic issue resolution.
• 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.
• Build alignment between business needs and market dynamics.
• Identify insourcing and outsourcing opportunities.
• Establish early involvement to achieve development performance goals, support project timelines, and manage product cost.
• Leads R&D communications related to the Category and facilitates the identification and evaluation of new materials or technologies to cover current and potential future BSC requirements.
• Identify all suitable suppliers per category and region per sample RFQ and develops comprehensive supplier knowledge & database.
• Works closely with and engages in proactive information sharing with other Global Sourcing Team Members to optimize supply base.
• Develops Should-Cost Models for major sub-categories.

What we're looking for:

• At least Minimum of 10-12 years Strategic Procurement (Sourcing) and Supplier Relationship Management.
• Experience in a manufacturing environment. Medical Device experience is an advantage.
• Strategic thinker that is self-motivated & comfortable dealing with ambiguity.
• Proven quantitative abilities e.g., cost modeling, data analysis
• SAP Experience an advantage
• MBA preferred

#CRTA #HRDTA 

Requisition ID: 616997

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!

Benefits • Life-Work Integration • Community • Career Growth

At Boston Scientific, you will find a collaborative culture driven by a passion for innovation that keeps us connected on the most essential level. With determination, imagination, and a deep caring for human life, we’re solving some of the most important healthcare industry challenges. Together, we’re one global team committed to making a difference in people’s lives around the world. This is a place where you can find a career with meaningful purpose—improving lives through your life’s work.