Strategic Sourcing Manager

2 days ago

Elkton, Maryland, United States Terumo Medical Corporation Full time
Job Summary:

As a key member of the Terumo Medical Corporation team, you will play a pivotal role in shaping the company's procurement strategy and overseeing essential commodities. Reporting directly to the Director of Procurement, you will closely partner with the Engineering and Operations leads of the Medical Devices Business unit or the value streams to ensure seamless alignment between sourcing activities and business objectives. Your combined role as a Strategic Sourcing Manager will also entail managing select commodities and nurturing supplier relationships, including CMOs. You will oversee the entire product lifecycle sourcing needs, driving solutions, successfully integrating newly sourced technology materials for New Product Introduction (NPI), spearhead risk mitigation strategies, champion innovation at the supplier front, and drive sustainability measures through collaboration with suppliers and cross-functional teams.

Key Responsibilities:
  • Procurement lead for the business units. Represent procurement at functional-level meetings. Drive continuous improvement initiatives within the procurement function to optimize procurement processes and increase sourcing efficiencies.
  • Cultivate and maintain strategic relationships with key suppliers to ensure alignment with TMC's goals and manage supplier KPI's.
  • Negotiate contracts and agreements with suppliers to secure favorable terms and conditions. Support the negotiation activities with conceptual and fact-based information and opportunities to drive significant structural cost reduction improvement.
  • Lead workshops and facilitate cross-functional meetings to build the Material Design Variance/Transfers productivity funnel of projects and help drive innovation in product design, materials, and manufacturing processes.
  • Implement sustainability measures in sourcing activities to support Terumo Medical Corporation's environmental and social responsibility goals.
  • Ensure that the supplier-related risks - cost, quality, and delivery are controlled and mitigated.
  • Continuously assess market trends and product/material enhancement opportunities and introduces newly sourced technology materials to Engineering for both NPI and sustaining products.
  • Develop/deploy commodity strategies. Coordinates inputs and decisions for make or buy analysis outcome.
  • Supports the Supplier Quality Manager in new supplier component release/Supplier selection process for sustaining and new products.
  • Perseveres in building superior capability, agile and resilient supplier bases that foster a competitive advantage for TMC.
  • Ability to travel up to 10-25% domestically and internationally with an overnight stay.
Requirements:
  • Analytical mindset with the ability to leverage data and market insights to drive decision-making. You are open to new ideas and believe in continuous learning to develop new competencies. Ability to think and work independently and anticipate changing business, project, and supplier needs.
  • Strong communication and interpersonal skills, with the ability to collaborate effectively across functional teams.
  • Six Sigma Blackbelt or Certification in procurement or supply chain management (e.g., CPSM, CSCP) is a plus.
  • Knowledge of Advanced Product Quality Plan (APQP), including compliance and sustainability aspects
  • Motivated, self-driven with a determination to succeed and the ability to manage change.
Background Experiences:
  • Bachelor's degree in engineering, Business Administration, Supply Chain Management, or related field. Masters degree preferred.
  • 10 years of experience in procurement, strategic sourcing, Procurement engineering, supplier management, or related roles, preferably in a technology-driven industry.
  • Proven track record of success in driving procurement strategy and managing supplier relationships.
  • Strong negotiation skills and ability to influence stakeholders at all levels of the organization.
  • Excellent project management skills with the ability to prioritize and manage multiple initiatives simultaneously.
  • Demonstrated knowledge of manufacturing processes for commodities such as Metals, Plastics, Extrusion, Chemicals, Hardware, Sterilization, resins, etc.

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