Strategic Sourcing Specialist III Electronics

Boston Scientific; Arden Hills (MN); On-site; USD 85,000 - 162,000; Full time

Job summary

Boston Scientific is seeking a Strategic Sourcing Specialist III in the United States to develop and execute sourcing strategies for direct electronics categories, focusing on reducing total costs and increasing supplier value. You will partner with cross-functional teams to ensure product quality and cost savings while managing supplier performance.

Responsibilities include market intelligence for electronics, supplier identification, category strategy alignment, VIP initiatives, and annual

Qualifications

• Bachelor’s degree in supply chain, engineering, business or a related field.
• Minimum 2 years of direct sourcing experience and supplier relationship management.
• Experience with MS Excel and other MS Office applications.
• Ability to travel globally up to 20%.
• Experience in medical device or regulated industry preferred.

Responsibilities

• Gather market intelligence and trends for electronics categories.
• Identify suitable suppliers and develop supplier databases.
• Collaborate with stakeholders to optimize category strategies and manage supplier performance.
• Negotiate contracts and lead value-improvement initiatives.
• Support annual budget processes and risk mitigation.

Skills

Strategic sourcing

Supplier relationship management

Cost modeling

Negotiation

Cross-functional collaboration

Analytical thinking

Education

Bachelor’s degree in supply chain, engineering, business or related field

Master’s degree or professional certification (CPSM, CPIM, CSCP, PMP, Lean Six Sigma)

Tools

MS Excel

MS Word

MS Project

PowerPoint

Job description

Additional Location(s): N/ADiversity - Innovation - Caring - Global Collaboration - Winning Spirit - High PerformanceAt 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.About the role:The Strategic Sourcing Specialist III position applies a thorough and analytical approach to developing and executing sourcing strategies designed to reduce total costs, enhance supplier value contributions, and secure a sustainable competitive edge in key direct sourcing categories. This role collaborates with divisional stakeholders to align and optimize sustainable sourcing strategies for the electronics category and will partner with cross-functional partners in Supplier Quality and Supplier Engineering to execute project deliverables, while ensuring product quality and cost savings.Your responsibilities will include:Gathering market intelligence and trends for the electronics category and sub-categoriesIdentifying all suitable suppliers to develop comprehensive knowledge and supplier databaseGuiding respective internal leads through a holistic and systematic category approach to material and supplier selection and management; identify insourcing and outsourcing opportunitiesManaging strategic supplier relationships according to the category strategy and strategic differentiators for each supplierAnalyzing data and developing cost modeling tools (i.e. should-cost, COGS, etc.) to manage categoryCollaborating with stakeholders to identify and mitigate issues and supplier-related risksWorking with suppliers to promote continuous value improvement for quality, service, and costManaging supplier performance and identifying Value Improvement Programs (VIP) to improve the total cost of ownership (TCO)Establishing an optimal balance between collaborative engagement and competitive pressure with supply base to ensure the maximum value is realized, including negotiations on supplier contracts and value improvementsSupporting the annual budget process for assigned suppliers and resolving systematic issuesEstablishing early involvement to achieve development performance goals, support project timelines, and manage product costRequired qualifications:Bachelor’s degree in supply chain, engineering, business or a related fieldMinimum 2 yrs of direct sourcing experience and supplier relationship managementExperience with MS Excel and other applications (i.e. Word, PowerPoint, MS Project etc.)Ability to travel globally up to 20%Preferred qualifications:Master’s Degree or professional certification (i.e. CPSM, CPIM, CSCP, PMP, Lean Six Sigma, etc.)Experience sourcing for electronic components for manufacturing operationsExperience working in medical device or similar regulated industryStrong decision-making and negotiation skills, ability to influence internal and external teamsAbility to work independently and collaborate with cross-functional teams to complete projectsStrong interpersonal skills, with ability to communicate effectively with individuals on all levelsStrong critical thinking and analytical skills: process and results-orientedDetail oriented with strong organizational skills; ability to multi-task and prioritize competing responsibilities effectivelyRequisition ID: 634946Minimum Salary: $ 85000Maximum Salary: $ 161500The anticipated compensation listed above and the value of core and optional employee benefits offered by Boston Scientific (BSC) – see www.bscbenefitsconnect.com—will vary based on actual location of the position and other pertinent factors considered in determining actual compensation for the role. Compensation will be commensurate with demonstrable level of experience and training, pertinent education including licensure and certifications, among other relevant business or organizational needs. At BSC, it is not typical for an individual to be hired near the bottom or top of the anticipated salary range listed above.Compensation for non-exempt (hourly), non-sales roles may also include variable compensation from time to time (e.g., any overtime and shift differential) and annual bonus target (subject to plan eligibility and other requirements).Compensation for exempt, non-sales roles may also include variable compensation, i.e., annual bonus target and long-term incentives (subject to plan eligibility and other requirements).For MA positions: It is unlawful to require or administer a lie detector test for employment. Violators are subject to criminal penalties and civil liability.Boston Scientific transforms lives through innovative medical technologies that improve the health of patients around the world. As a global medical technology leader for more than 45 years, we advance science for life by providing a broad range of high-performance solutions that address unmet patient needs and reduce the cost of healthcare. Our portfolio of devices and therapies helps physicians diagnose and treat complex cardiovascular, respiratory, digestive, oncological, neurological and urological diseases and conditions. Learn more at www.bostonscientific.com and follow us on LinkedIn.Boston Scientific Corporation has been and will continue to be an equal opportunity employer. To ensure full implementation of its equal employment policy, the Company will continue to take steps to assure that recruitment, hiring, assignment, promotion, compensation, and all other personnel decisions are made and administered without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identity, gender expression, veteran status, age, mental or physical disability, genetic information or any other protected class.Please be advised that certain US based positions, including without limitation field sales and service positions that call on hospitals and/or health care centers, require acceptable proof of COVID-19 vaccination status. Candidates will be notified during the interview and selection process if the role(s) for which they have applied require proof of vaccination as a condition of employment. Boston Scientific continues to evaluate its policies and protocols regarding the COVID-19 vaccine and will comply with all applicable state and federal law and healthcare credentialing requirements. As employees of the Company, you will be expected to meet the ongoing requirements for your roles, including any new requirements, should the Company’s policies or protocols change with regard to COVID-19 vaccination.Among other requirements, Boston Scientific maintains specific prohibited substance test requirements for safety-sensitive positions. This role is deemed safety-sensitive and, as such, candidates will be subject to a prohibited substance test as a requirement. The goal of the prohibited substance testing is to increase workplace safety in compliance with the applicable law.