Strategic Sourcing Manager

21 hours ago

Reston, Virginia, United States Terumo Medical Corporation Full time

Job Summary:

We are seeking a highly skilled Strategic Sourcing Manager to join our team at Terumo Medical Corporation. As a key member of our procurement team, you will be responsible for shaping our procurement strategy and overseeing essential commodities. You will work closely with our Engineering and Operations leads to ensure seamless alignment between sourcing activities and business objectives.

Key Responsibilities:

  • Develop and implement procurement strategies to optimize sourcing processes and increase efficiencies.
  • Cultivate and maintain strategic relationships with key suppliers to ensure alignment with our goals and manage supplier KPIs.
  • Negotiate contracts and agreements with suppliers to secure favorable terms and conditions.
  • Lead workshops and facilitate cross-functional meetings to drive innovation in product design, materials, and manufacturing processes.
  • Implement sustainability measures in sourcing activities to support our environmental and social responsibility goals.
  • Ensure that supplier-related risks - cost, quality, and delivery - are controlled and mitigated.
  • Continuously assess market trends and product/material enhancement opportunities and introduce newly sourced technology materials to Engineering for both NPI and sustaining products.
  • Develop and deploy commodity strategies, coordinating inputs and decisions for make or buy analysis outcomes.
  • Support the Supplier Quality Manager in new supplier component release/Supplier selection process for sustaining and new products.

Requirements:

  • Analytical mindset with the ability to leverage data and market insights to drive decision-making.
  • 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 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 Experience:

  • Bachelor's degree in engineering, Business Administration, Supply Chain Management, or related field. Master's 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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