Principal Strategic Sourcing Specialist

Purpose Statement

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, 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 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

•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.

• Identifies 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

• Identifies all suitable suppliers per category 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-categories.

Job Requirements :

• Candidate required to proses at least degree in any related field.

• At least Minimum of 10-12 years Strategic Procurement (Sourcing) and Supplier Relationship Management

• Leadership and influencing skills

• Proven quantitative abilities e.g., cost modeling, data analysis

• Experience managing supplier contracts and negotiating value improvements

• Excellent communication (in English) and collaboration skills

• Ability to travel up to 20% of the time, travel typically does not occur over weekend

 Preferred Qualifications: 

• OEM, Finish Goods sourcing experience

• Medical industrial experience

• Strong experience in developing immature suppliers

• Understanding about diversified manufacturing technologies and processes

 About Us

As a global medical technology leader for more than 40 years, our mission at Boston Scientific (NYSE: BSX) is to transform lives through innovative medical solutions that improve the health of patients. If you’re looking to truly make a difference to people both around the world and around the corner, there’s no better place to make it happen.