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Principal Sourcing Specialist

3 months ago

Arden Hills, Minnesota, United States Boston Scientific Full time

Additional Location(s): N/A; 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:

The Principal Sourcing Specialist works to establish an optimal balance between collaborative engagement and competitive pressure within the supply base to ensure the maximum value is realized through negotiations on supplier contracts and value improvements projects. This role is responsible for developing and implementing analytical and robust approaches to support strategic sourcing strategies that result in lower total costs, greater supplier value contributions and a sustainable competitive advantage within key sourcing categories. NOTE: This is a hybrid position, which will require you to work on-site at least 3 days a week.

Your responsibilities will include:

  • Gathering market intelligence and trends for the sourced finished medical devices (SFMD)
  • Identifying suitable SFMD and OEM suppliers per sample RFQ to develop comprehensive knowledge and supplier database
  • Guiding respective internal leads through a holistic and systematic category approach to material and supplier selection and management; identify insourcing and outsourcing opportunities
  • Managing strategic supplier relationships according to the commodity strategy and strategic differentiators for each supplier
  • Analyzing data and developing tools to manage the commodity including should-cost models, COGS models, etc
  • Collaborating with stakeholders to identify and mitigate risks within the commodity
  • Promoting continuous value improvement for all aspects of quality, service, and cost with assigned supply base
  • Managing supplier performance and identifying Value Improvement Programs to improve the total cost of ownership (TCO)
  • Overseeing the annual budget process for assigned suppliers and resolving systematic issues
  • Establishing early involvement to achieve development performance goals, support project timelines, and manage product cost

Required qualifications:

  • Bachelor's degree in supply chain, engineering, business or a related field
  • Minimum 7yrs of experience in sourcing, supply chain management, or supplier relationship Management
  • Experience with MS Office Excel and other applications (i.e. Word, PowerPoint, MS Project etc.)
  • Ability to travel up to 20%

Preferred qualifications:

  • Master's degree or professional certification (i.e. CPSM, CPIM, CSCP, PMP, Lean Six Sigma, etc.)
  • Experience sourcing finished medical devices from contract manufacturers and OEM's
  • Experience working in medical device or similar regulated industry
  • Strong decision-making and negotiation skills, ability to influence internal and external teams
  • 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:588388

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 is proud to be an equal opportunity and affirmative action employer.

Boston Scientific maintains a prohibited substance freeworkplace. Pursuant to Va. Code * , 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.



Boston Scientific is an Equal Opportunity Employer – Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Disability, Veteran