Strategic Sourcing Manager, Indirect

Masimo Corporation; Alton (IL); Hybrid; USD 115,000 - 140,000; Full time

Benefits offered by this job

Medical

Dental

Vision

Life/AD&D

Disability Insurance

401(k)

Vacation

Sick leave

Holiday

Paid Maternity Leave

Flexible Spending Accounts

Pet Insurance

On-site wellness clinic

Fitness center

Cafe

Job summary

Masimo Corporation is seeking a Manager of Strategic Sourcing (Indirect) to lead the indirect spend roadmap across global sites, focusing on facilities, CAPEX, IT/professional services, logistics, and MRO. You will map value streams, standardize procurement processes, and drive cost efficiencies while strengthening resiliency.

You will oversee supplier governance, RFI/RFP/LTA cycles, and ensure KPI/SLA adherence, with collaboration across Facilities, Engineering, IT, Finance and Legal to enable

Qualifications

• Bachelor’s degree in Business, Supply Chain Management, Engineering, or related field; MBA or advanced degree preferred.
• 7+ years of experience in strategic sourcing or procurement in regulated industries.
• Experience operating in a complex matrix organization with multiple stakeholders.
• Proven leadership of decentralized or global purchasing teams in an e-procurement environment.
• Skilled in driving procurement transformation and achieving synergy savings in indirect spend.
• Lean principles knowledge with ability to lead Kaizen events and Value Stream Mapping.

Responsibilities

• Develop and execute indirect spend category strategies and drive supplier negotiations for best terms.
• Perform spend analysis, FX variance assessments, and cost modeling; maintain budget forecasting data.
• Lead RFI/RFQ/RFP processes, contract negotiations, SRM, and quarterly business reviews.
• Provide strategic direction to global transactional buyers and establish compliance governance in Coupa P2P.
• Develop supplier diversity reporting and regular spend dashboards.
• Drive cross-functional synergy and standardize procurement protocols to improve efficiency.
• Collaborate with Facilities, Engineering, IT, Finance, and Legal to involve suppliers early in initiatives.

Skills

Strategic category management

Data-driven decision making

Lean methodologies

Vendor governance

Stakeholder management

Education

Bachelor’s degree in Business or Supply Chain

MBA or advanced degree preferred

Tools

Coupa/P2P

ERP (SAP/Oracle)

Excel/Tableau/Power BI

Contract lifecycle management

Job description

Job Summary

As the Manager of Strategic Sourcing (Indirect), you will be a key leader in driving the Indirect Procurement roadmap across our global sites. You will serve as the primary architect for our indirect spend strategy, ensuring that our sourcing activities—spanning Facilities, CAPEX, IT/Professional Services, Logistic, and MRO—are aligned with the company’s broader operational objectives. Utilizing Value Stream Mapping (VSM) to identify inefficiencies and drive process standardization. You will champion a culture of continuous improvement, ensuring that all sourcing activities—from MRO and facilities to professional services—directly contribute to operational resiliency and cost-efficiency.

Core Responsibilities

• Strategic Category Management: Develop and execute comprehensive category strategies for indirect spend. Drive the "one authoritative voice" protocol for supplier negotiations to maximize commercial leverage and ensure consistent contract terms.
• Financial & Data-Driven Rigor: Perform rigorous spend analysis, FX variance assessments, and "Should-Be" cost modeling. Maintain high data integrity for budget forecasting, cost-avoidance tracking, and Total Landed Cost (TLC) comparisons.
• Supplier Governance & Performance Management: Lead the full sourcing lifecycle (RFI/RFQ/RFP), including contract negotiation (MSA/SOW/LTA), supplier relationship management (SRM), and formal Quarterly Business Reviews (QBRs) to ensure strict adherence to SLA/KPI benchmarks.
• Operational Governance & Buyer Oversight: Provide strategic direction, guidance, and oversight to global transactional buyers managing indirect spend. Establish control mechanisms, approval workflows, and compliance guardrails within the Coupa P2P platform to optimize purchasing behaviors, manage PO creation, and effectively control tail spend.
• Supplier Diversity Reporting: Develop, monitor, and scale the company's Supplier Diversity initiatives. Generate and distribute regular spend reports to track, measure, and audit procurement activity with Small Business (SB), Women-Owned (WBE), Veteran-Owned (VBE), and Small Disadvantaged Businesses (SDB).
• Operational Transformation & Synergy Realization: Drive indirect procurement-side synergy planning across diverse business entities. Perform comprehensive spend analysis to identify cross-functional consolidation opportunities, harmonize fragmented supplier contracts, and standardize procurement protocols to optimize organizational structures and realize sustainable cost efficiencies across indirect spend categories (e.g., IT, HR, Marketing, Facilities, and Professional Services)
• Risk Mitigation & Resiliency: Implement robust risk management frameworks for critical indirect suppliers, conducting deep-dive assessments on supply chain dependencies, geopolitical stability, and financial viability. Ensure all suppliers maintain strict compliance with international labor standards, including the Employer Pays Principle.
• Lean Process Integration & VSM: Lead Value Stream Mapping exercises across the procure-to-pay process to eliminate non-value-added steps. Facilitate Kaizen events focused on reducing lead times, standardizing procurement workflows, and improving inventory turnover for MRO materials.
• Cross-Functional Collaboration: Partner closely with internal stakeholders—Facilities, Engineering, IT, Finance, and Legal—to ensure that procurement needs are met with high technical precision. Provide consultative sourcing support to project managers to ensure early supplier involvement (ESI) in new initiatives.

Qualifications & Requirements

• Education: Bachelor’s degree in Business, Supply Chain Management, Engineering, or a related field. MBA or advanced degree is highly preferred.
• Experience: 7+ years of experience in strategic sourcing or procurement within a highly regulated industry (Medical Device, Pharmaceutical, or Life Sciences).
• Matrix Organization Proficiency: Demonstrated success operating in a complex matrix organization, balancing global functional mandates with site-specific operational requirements and multi-departmental stakeholders.
• Leadership & Coordination: Proven track record of guiding, mentoring, and overseeing decentralized or global purchasing teams/buyers within an e-procurement environment.
• Business Transformation & Cost Optimization: Skilled in driving procurement-side transformation and operational alignment, consistently delivering verified synergy savings across indirect spend during periods of organizational growth and transition.
• Lean Methodology: Expert-level knowledge of Lean Manufacturing principles, with a demonstrated ability to execute Kaizen events and lead Value Stream Mapping initiatives to drive operational excellence.

Technical Skills

• Deep functional proficiency in Coupa (or equivalent P2P platform) to manage procurement workflows and downstream PO management.

• Proficiency in ERP systems (e.g., SAP, Oracle, or similar).

• Advanced analytical skills (Excel, Tableau, or Power BI) for data modeling and cost analysis.

• Expertise in contract lifecycle management and legal redlining.

Core Competencies

• Strong ability to influence and manage relationships at the executive level.

• Ability to operate effectively in a fast-paced environment with a focus on "leveling up" team performance and processes.

Travel

• Ability to travel up to 20–25% for supplier site visits and regional facility audits.

Compensation

The anticipated salary range for this position is$115,000 - $140,000 plus benefits. Actual placement within the range is dependent on multiple factors, including but not limited to skills, education, and experience.

This position also qualifies for up to 10% annual bonus based on Company, department, and individual performance.

Masimo offers benefits such as Medical, Dental, Vision, Life/AD&D, Disability Insurance, 401(k), Vacation, Sick, Holiday, Paid Maternity Leave, Flexible Spending Accounts, Voluntary Accident, Critical Illness, Hospital, Long-Term Care, Employee Assistance Program, Pet Insurance, On-site wellness clinic, fitness center, and cafe. All benefits are subject to eligibility requirements.