Director, Sourcing

Stryker; Portage (MI); On-site; USD 156,000 - 260,000; Full time

Benefits offered by this job

Health benefits

401(k) plan

Employee stock purchase plan

Wellbeing program

Job summary

Stryker is seeking a Director of Sourcing for the Medical Division’s Portage location. This role leads global sourcing activities, supplier performance initiatives, and a team of sourcing professionals to achieve cost reductions while maintaining quality and service levels.

The position partners with stakeholders to execute cost-reduction strategies and build a scalable supplier base. The role requires strategic thinking, cross-functional collaboration, and strong negotiation skills to deliver

Qualifications

• Minimum of 10 years of sourcing/procurement experience preferably in medical devices or other highly regulated environments.
• Strategic thinker – operates at a high level while understanding details.
• Strong leadership and interpersonal skills to engage and influence senior stakeholders.
• Experience with world-class strategic sourcing and category management practices.
• Strong negotiations skills negotiating and implementing commercial contracts including QAA.
• Ability to multi-task and coordinate initiatives with a virtual, global team.

Responsibilities

• Lead development and implementation of strategies and goals in support of overall divisional objectives for Sourcing in Portage.
• Establish and maintain contractual relationships with senior suppliers.
• Lead critical program initiatives and drive cross-divisional, group-wide strategies.
• Formulate processes to build a best-in-class strategic sourcing organization.
• Lead sourcing analysis, cost analyses, and make/buy analyses as needed.
• Negotiate and enforce supplier contracts, drive negotiations with large suppliers.

Skills

Strategic sourcing

Leadership

Stakeholder management

Negotiation

Cost reduction

Vendor management

Job description

Position Summary:

The

Position Summary:

The Director, Sourcing, will lead sourcing areas, supplier performance initiatives, and manage a team of sourcing professionals (globally) supporting the Medical Division’s Portage location. This role requires both strategic thinking and tactical execution in a highly matrixed global environment. Responsible for achieving cost reductions and year-over-year productivity improvements in the total cost of goods and services provided while maintaining or improving product quality and vendor service levels. Liaises with key stakeholders in member organizations and in corporate functions to develop effective cost reduction strategies and implementation plans. The successful candidate will partner and coordinate with stakeholders (Divisional Sourcing, Global Categories, Supplier Quality, Advanced Operations, Materials Management, Operations, Senior Leadership, Legal, Compliance and others) to drive supplier capabilities, build a scalable supplier base, and deliver business results through supplier alignment, cost management, and performance optimization. Obtains the best quality, service, and value for products and services through effective bidding, negotiation, and supplier management. Additionally, this role will manage the team for Sourcing in Medical Division’s Portage location.

Who We Want-

• Dedicated achievers. People who thrive in a fast-paced environment and will stop at nothing to ensure a project is complete and meets regulations and expectations.
• Self-directed initiators. People who take ownership of their work and need no prompting to drive productivity, change, and outcomes.
• Effective communicators. People who can interpret information clearly and accurately to concisely communicate results and recommendations to stakeholders, senior management, and their teams

Essential Duties & Responsibilities:

Obtain the best Quality, Service, and Value for products and services through effective bidding, negotiation, and supplier management. Responsibility for leading cross functional efforts to develop and implement Global Category Plans that include cost reductions initiatives, new product development, supply base and optimization and rationalization, quality improvement, risk assessment, contract negotiation, and may include responsibility for cross-divisional, group wide, and/or global strategies and initiatives. Resident expert in strategic sourcing and procurement practices and serves as a mentor to others. Engagement at all levels within the organization to drive change engagement and ensure the actions and decisions are aligned to the broader category strategy. Where not aligned, they will engage the right cross-functional teams to generate a communications plan to influence decision-making.

• Lead the development and implementation of strategies and goals in support of overall divisional business objectives for Sourcing in Medical Division’s Portage location.
• Establish and maintain contractual and business relationships with the senior management of key suppliers.
• Lead critical program initiatives
• Formulate and implement processes to build a best-in-class strategic sourcing organization
• Lead sourcing analysis and selection process and perform cost analyses and make vs buy analyses as required
• Advise others on selection/cost analysis
• Align on strategic investments for new technologies or capabilities externally at suppliers and internally with R&D or Business Development Teams.
• Negotiate, establish, monitor and enforce supplier contracts and agreements
• Drive negotiation with large scale, high impact suppliers
• Develop strong partnership relationships with key suppliers as well as other disciplines within the businesses
• Mobilize teams to deploy risk mitigation strategies, including dual sourcing, IP acquisition, market assessments, supplier's financial assessments, social responsibility, environment, ethics etc.
• Partner with finance to drive raw material pricing strategies and react to changing market conditions. Obtain and communicate market condition information and technology trends related to commodities and suppliers
• Utilize market trends to identify and implement appropriate cost controls and business strategy changes
• Ensure cost standards are established for annual operating budgets
• Organize and lead scorecard review meetings and executive business reviews

Qualifications & Experience:

• Minimum of 10 years of / Sourcing / Procurement / Supply chain experience preferably in medical devices or other highly regulated environments.
• Strategic thinker – understands the details but can operate at a higher level
• Strong leadership & interpersonal skills with the ability to engage & influence senior stakeholders
• Strong people leading and talent management skills
• Experience with world-class strategic sourcing & category management practices
• Strong negotiations skills negotiating and implementing commercial contracts to include: supply and quality agreements (QAA).
• Strong written & verbal communication skills across all levels
• Ability to multi-task and coordinate initiatives with a virtual, global/regional team
• Persuasive ‘change agent’ capable of challenging conventional wisdom
• Track record of success in capturing value and driving spend to preferred suppliers.
• Demonstrated ability to manage and improve vendor performance
• Hands-on mentality
• Ability to align with peers / stakeholders and build and maintain strong networks
• Must be willing to work in a results based, fast-paced environment, with minimal supervision
• Travel: 20-40%

United States of America Pay Ranges:

• USN: $155,900 - $259,700 USD Annual

Health benefits include: Medical and prescription drug insurance, dental insurance, vision insurance, critical illness insurance, accident insurance, hospital indemnity insurance, personalized healthcare support, wellbeing program and tobacco cessation program. Financial benefits include: Health Savings Account (HSA), Flexible Spending Accounts (FSAs), 401(k) plan, Employee Stock Purchase Plan (ESPP), basic life and AD&D insurance, and short-term disability insurance. Stryker offers innovative products and services in MedSurg, Neurotechnology, Orthopaedics and Spine that help improve patient and healthcare outcomes. Alongside its customers around the world, Stryker impacts more than 150 million patients annually. Depending on customer requirements employees and new hires in sales and field roles that require access to customer accounts as a function of the job may be required to obtain various vaccinations as an essential function of their role.