New Product Development & Sourcing Buyer I

Arthrex; Santa Barbara (CA); On-site; USD 69,000 - 92,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

401(k) Matching

Annual Bonus

Onsite Lunch

Tuition Reimbursement

Paid Time Off

EAP

Job summary

Arthrex is a global medical device company and a leader in new product development and medical education in orthopedics. The New Product Development & Sourcing Buyer I role will manage activities related to new product development, sourcing, contracting terms, and purchasing materials from existing partners or new suppliers.

The position focuses on coordinating with Engineering, Suppliers, Quality and Manufacturing to ensure timely delivery, cost control, and supplier performance in a fast-paced

Qualifications

• Bachelor’s degree required.
• Strong negotiation and analytical skills desired.
• Proficiency with MS Office and ERP/MRP systems preferred.

Responsibilities

• Manage procurement for prototype and production materials and liaison with Engineering, Suppliers, Quality and Manufacturing.
• Coordinate with Project/Program Management on development projects and supplier oversight.
• Monitor market conditions and trends for informed buying decisions.
• Identify potential new suppliers and manage RFQ/RFP processes.
• Negotiate pricing, terms, and delivery to stabilize costs and supply continuity.
• Set up new part numbers in the MRP system and manage forecasting reports.
• Ensure ramp-up and prevent back-orders for new product releases.

Skills

Negotiation

MS Office

ERP/MRP

Inventory management

Education

Bachelor’s Degree

Tools

MRP system

RFQ/RFP management

Job description

New Product Development & Sourcing Buyer I

Title: New Product Development & Sourcing Buyer I

Salary Range: Salary Minimum: $69,000.00 Salary Maximum: $92,000.00

Arthrex is a global medical device company and a leader in new product development and medical education in orthopedics. As a New Product Development & Sourcing Buyer I this role will manage activities involved with new product development and sourcing, resulting in contracting terms, and purchasing material from existing partners or new suppliers. Join our talented team at a global medical device company focused on Helping Surgeons Treat Their Patients Better.

Essential Duties and Responsibilities:

• Manage the procurement process for prototype and production materials, acting as the key liaison between Engineering, Suppliers, Quality and Manufacturing.
• Work closely with Project and Program Management teams, on multiple development projects, including timelines, meetings, and project events while providing communication and oversight to suppliers.
• Monitor market conditions and trends to make informed business decisions.
• Research and identify potential new suppliers, including possible onsite reviews. Manage Request for Quote (RFQ) and Request for Proposal (RFP) processes.
• Negotiate pricing, payment terms, and delivery schedules to achieve supply chain continuity and stabilized cost.
• Distributes Engineering Change Requests, Supplier Process Changes, to support the Quality system, between Arthrex’s stakeholders and suppliers.
• Set up new Part Numbers in the MRP system, including planning and delivery parameters, logistics and commercial conditions.
• Manage MRP and new project forecasting reports for inventory and non-inventory planning and order execution.
• Ensure ramp-up and limit back-orders of all assigned for new products releases.
• Maintain material cost projections, ensure adherence to budgets, and identify future cost reduction or cost avoidance opportunities.
• Negotiate contractual terms including NDAs, Development Agreements, Supply Agreements, and SOWs with new and existing Arthrex partners.
• Manage Logistic, Duties, and Tariff conditions with suppliers importing to the US.

Knowledge:

• Basic MRP/ERP knowledge preferred.
• Knowledge of materials management, regulations, procedures, and Logistics.
• Ability to read/interpret engineering drawings and bills of materials (BOMs).
• Intermediate level for negotiation, project management, and analytical skills.
• Microsoft Office knowledge preferred (Office, Word, Outlook).
• Good numerical, analytical skills preferred.

Reasoning Ability:

• Evaluating supplier proposals, and determining Total Cost of Ownership (TCO).
• Identifying root causes for supply chain disruptions, logistical delays, or quality issues.
• Analyzes and documents inventory management issues using independent judgment.
• Work is performed under general supervision. Follows specific, detailed instructions.

Skills/Abilities:

• Basic knowledge of inventory management and control concepts.
• Moderate knowledge of MS Office required.
• Ability to operate ERP/MRP main functions.
• Thorough knowledge of production and manufacturing flow.
• Intermediate ability to negotiate with suppliers to secure favorable pricing, volume discounts, and optimal contract terms.
• Must have the ability to perform tasks by reading, understanding, and following work instructions/documents provided.
• Knowledge of raw materials, production processes, quality control and other techniques for manufacturing products.

Experience/Education:

• Bachelor’s Degree required.
• 2 year’s inventory management and control experience required.
• 1 year manufacturing environment experience required.
• 1-year regulated industry experience preferred.
• 1-year medical device industry experience preferred.
• Medical, Dental and Vision Insurance
• Company-Provided Life Insurance
• Voluntary Life Insurance
• Flexible Spending Account (FSA)
• Supplemental Insurance Plans (Accident, Cancer, Hospital, Critical Illness)
• Matching 401(k) Retirement Plan
• Annual Bonus
• Wellness Incentive Program
• Free Onsite Lunch
• Tuition Reimbursement Program
• Trip of a Lifetime
• Paid Time Off
• Employee Assistance Provider (EAP)

All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other status protected by law.