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Senior Sourcing Specialist

2 months ago

Palm Beach Gardens, United States ZimVie Full time

We are ZimVie, a publicly traded, global life sciences leader focused on restoring daily life to our patients by designing, manufacturing, and distributing a comprehensive portfolio of innovative tooth replacement and spine surgery solutions*. Our company is founded on a legacy of trusted brands, products, and clinical evidence made possible through an inclusive and collaborative culture that empowers our team members to bring their whole selves - their best selves - to work every day to accomplish our Mission. Together, our dedicated, diverse global team is shaping an exciting future, and we hope you'll consider being a part of it

Job Summary:

Reporting to the Strategic Sourcing Leader, the Senior Sourcing Analyst is responsible for executing sourcing strategies, negotiating contracts, and managing the procurement of goods and services to meet the needs of the North America dental business through third-party agreements. A key objective of this role is to secure goods and services at the lowest total cost while maximizing overall value. Additionally, the Senior Sourcing Analyst collaborates with other departments, such as R&D, to select suppliers, define product specifications, and establish ordering practices that align with the best interests of the company.

Principal Duties and Responsibilities:

  • Ensure the smooth operation of our North America facility by implementing procurement strategies to secure cost-effective sourcing of high-quality ingredients and supplies.
  • Develop the purchase price variance budget in collaboration with the Strategic Sourcing Leader and track its progress throughout the year. Monitor purchase price variances and resolve discrepancies with internal team members and suppliers.
  • Resolve issues related to delivery dates, quality, specifications, quantity, or cost of purchased goods or services.
  • Review requisitions and confer with departments regarding requirements, specifications, quantity, quality of merchandise, and delivery requirements. Recommend alternate suppliers where cost savings or improved delivery can be achieved.
  • Coordinate with Supply Chain, Manufacturing Operations, Engineering, Finance, R&D, and Quality teams to complete projects and achieve expected benefits within the project timeline.
  • Negotiate contracts with suppliers to secure favorable pricing and terms, and effectively manage these contracts to ensure compliance, performance, and cost-effectiveness.
  • Establish standard costs for assigned commodities.
  • Issue purchase orders, negotiate contracts, and establish blanket orders, including consignment stock if necessary.
  • Investigate suppliers' financial conditions, technical competence, facilities, and production techniques to ensure adequate supply sources.
  • Negotiate prices and follow competitive bidding procedures when necessary to ensure the lowest total cost for specific materials or services, interacting with other departments as needed.
  • Participate in internal meetings alongside the Associate Director of Strategic Sourcing to develop strategy and conduct negotiations as a member of the Sourcing team.
  • Manage supplier scheduling, maintain the purchase order acknowledgment control system, lead time maintenance, and interface with material planners/master schedulers, buyers, quality control, engineering, suppliers, and other relevant stakeholders.
  • Investigate and analyze suppliers' financial conditions, technical competence, facilities, and production techniques to ensure adequate supplier capacity and capability
This is not an exhaustive list of duties or functions and may not necessarily comprise all of the "essential functions" for purposes of the ADA.

Expected Areas of Competence (i.e., knowledge, skills, and abilities)
  • Competence in analyzing procurement data to identify trends, monitor price variances, and make informed decisions.
  • Ability to engage in contract negotiations and implement contracts in standard form; create basic project plans, prioritize tasks, engage resources, and implement across functions and sites.
  • Effectively address problems quickly using factual data, possess situational flexibility, know the resources to approach for efficient resolution, and drive for results.
  • Strong knowledge and experience in world-class indirect and direct sourcing practices and techniques.
  • Working knowledge of purchasing and planning systems.
  • Knowledge of accounting principles and budgeting practices.
  • Proficiency with software, including Microsoft Office suite products, particularly MS Excel (e.g., medium complexity formulas, pivot tables, graphs).
  • Ability to independently solve challenges of low- to medium complexity that involve multiple cross-functional departments outside Sourcing.
  • Strong organizational, communication, and quick learning skills.
  • Strong presentation and communication skills, with the ability to craft communications that are appropriate for various levels within the organization.
  • Proven skills in contract management, including the ability to draft, review, negotiate, and administer contracts effectively.
Education/Experience Requirements
  • Typically requires bachelor's degree (Supply Chain, Business, Finance, Engineering, or related fields).
  • 5-7 years of purchasing and negotiations experience required or experience in related skill field or equivalent combination of education and experience.
  • Knowledge or exposure of direct materials is a plus.
  • Experience with Oracle systems and CPSM certification is a plus.
Travel Requirements

Up to 10%

* On April 1, 2024, ZimVie announced the sale of its Spine business to H.I.G. Capital. Candidates hired for this role will be employed by ZimVie until the legal entity for their location is established and employment transfers to an affiliate of H.I.G.'s new portfolio company, HIGHRIDGE MEDICAL, in the future.

ZimVie is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants for employment and employment decisions, including hiring, promotion, transfer, demotion, evaluation, compensation, and separation, are considered without regard to race, color, religion, religious beliefs, creed, national origin, ancestry, citizenship status, age, gender/sex (including pregnancy, childbirth, related medical conditions, lactation and breastfeeding), gender identity or expression (including transgender status), sexual orientation, marital status, military status, protected veteran status, disability, protected medical condition as defined by applicable state or local law, genetic information, or any other status protected under applicable federal, state and local laws.

ZimVie generally does not sponsor applicant work visas for this position.
  • Requisition ID: 2748


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