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Principal Strategic Sourcing Specialist

2 months ago

Shanghai, China Boston Scientific Full time

Additional Locations:  N/A

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.

Job Title: Principal Strategic Sourcing Specialist

Location: Shanghai

 

About the role:

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.

 

Responsibilities

 

  • Provide strategic influence while building value-add relationships with engaged finished good suppliers to increase sourcing efficiency.
  • Provide strategic influence with internal stakeholders.
  • Promotes and works towards balanced continuous (year-on-year) value improvement for all aspects of quality, service, and cost with assigned supply base. Manages supplier performance and identifies Value Improvement Program's to improve TCO accordingly.
  • Ensures optimal balance between collaborative engagement and competitive pressure to ensure maximum value is realized.
  • Negotiates value improvements and manages optimal supplier contracts.
  • Assists in the Supplier Stratification activities and develops capability roadmaps with Supplier Engineering and Category Management as part of the Category Strategy.
  • Manages strategic supplier relationships in line with the Category Strategy and understands the strategic differentiators for each supplier.
  • 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 early, new supplier involvement to achieve development performance goals, support project timelines, and manage product cost.
  • 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.
  • Gathers Market Intelligence and trends for the Category and Sub-Categories.
  • Define, build, and plan alignment on Category Strategy for assigned category.
  • Identifies risks within the category and works closely with stakeholders to eliminate or take mitigating actions for strategic risks.
  • 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.
  • 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.
  • 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.

 

Key Skills & Experiences:

  • Bachelor’s degree required
  • Minimum of 10 years Strategic Procurement (Sourcing) and Supplier Relationship Management
  • Leadership and influcening skills
  • Proven quantitative abilities e.g., cost modeling, data analysis
  • Experience managing optimal supplier contracts and negotiating value improvements
  • Excellent communication and collaboration skills
  • Ability to travel up to 25% of the time.  Travel typically does not occur over weekends.

 

Preferred Qualifications: 

  • MBA degree preferred
  • Contract Manufacturer, OEM, Finished Good sourcing experience preferred

 

Requisition ID: 594616

 

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