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Boston Scientific · 2 days ago

Senior Strategic Sourcing Specialist - Acquisitions

Santa Clarita, CA

Full-time

Hybrid

Mid, Senior Level

$73K/yr - $138K/yr

5+ years exp

Boston Scientific is a leader in medical science, committed to solving health industry challenges. The Senior Strategic Sourcing Specialist will lead the integration of supply bases for newly acquired entities, ensuring alignment with sourcing standards and objectives while managing relationships with suppliers and stakeholders.

Health CareMedicalMedical Device

No H1B

Responsibilities

Facilitate and manage the Service Level Agreement (SLA) between the materials acquisition integration team and Global Sourcing Category teams, encompassing upfront alignment, contract negotiation and execution, and seamless handover of responsibilities to meet integration objectives and timelines

Apply strategic sourcing methodologies (spend analysis, market research, benchmarking, negotiation, contracting, continuous improvement) to align with Global Sourcing category strategies and execute activities that support quality, service, and cost goals throughout the integration process

Drive and coordinate component cost management, including influencing standard cost setting at the acquired entity and ensuring accurate cost establishment within the BSC system. Maintain ongoing visibility and accountability for pricing, cost reconciliation, and addressing proposed increases between the acquired entity and BSC

Own the bidding process and annual operation plan (budget), ensuring inputs are correct, preventing supplier-related unfavorable PPV, and addressing any proposed increases

Cultivate and strengthen supplier relationships to drive sourcing initiatives that deliver sustainable cost reductions, mitigate supply chain risks, and achieve year-on-year improvements in product quality, service, and value across the assigned supply base

Manage contract and vendor management activities such as strategic reviews, site visits, maintaining supplier performance review metrics/scorecards, risk mitigation, and managing service escalations

Monitor market dynamics and communicate changes that affect internal client needs, identifying trends in category to drive continuous improvement with the larger procurement team

Partner with internal clients and stakeholders to identify sourcing needs, conduct buyer/market profiles, share marketplace trends, share best practices, increase value proposition, and reduce total cost of ownership (TCO)

Collaborate with and influence core teams for NPD, integration, and transfers to support projects, identify and mitigate risk, align with strategic supply base, and deliver in accordance with schedules and cost targets

Qualification

Strategic ProcurementSupplier Relationship ManagementCost ModelingData AnalysisContract NegotiationNegotiation PrinciplesMarket ResearchContinuous ImprovementRisk MitigationCommunication SkillsCollaboration Skills

Required

Bachelor's degree required

Minimum of 5 years' experience in Strategic Procurement (Sourcing) and Supplier Relationship Management

Minimum of 5 years' experience with quantitative tools such as cost modeling and data analysis

Minimum of 5 years' experience managing optimal supplier contracts and negotiating value improvements

Excellent communication and collaboration skills

Preferred

Experience in the Medical Device industry or other regulated industries

Demonstrated experience leading negotiations, with strong knowledge of negotiation principles, business and legal considerations, and stakeholder decision-making

Experience working on acquisitions integration projects