Cadence, Inc. · 19 hours ago
Strategic Sourcing & Cost Estimation Engineer
Cranston, RI, US
Full-time
Onsite
Senior Level
5+ years expCadence, Inc. is a contract manufacturer for medical device companies, playing a crucial role in sourcing and cost estimation for critical medical technologies. The Strategic Sourcing & Cost Estimation Engineer will manage the sourcing lifecycle, develop costed Bills of Materials, and collaborate with cross-functional teams to ensure effective supply chain management and compliance with quality standards.
Industrial ManufacturingManufacturingMedical DeviceSupply Chain Management
Responsibilities
Develop comprehensive, costed Bills of Materials (BOMs) for external spend on new RFQ requests by aligning technical requirements with supplier capabilities
Leverage competitive quoting, cost analysis, and Total Cost of Ownership (TCO) to inform sourcing decisions
Partner with Supplier Quality to evaluate and qualify suppliers for Approved Vendor List (AVL) inclusion, ensuring compliance with capacity, quality, and regulatory requirements (ISO 13485, FDA, MDR)
Align supplier selection with Design for Manufacturing (DFM), tolerance requirements, and process capability expectations (Cpk, GR&R, PPAP, FAIR)
Own the end-to-end execution, accuracy, and timing of supplier-driven cost estimates from initial RFQ through project award
Collaborate closely with Cost Estimating, Project Leaders, and technical subject-matter experts to resolve ambiguity and refine assumptions as designs evolve
Maintain clear documentation of assumptions, risks, and cost sensitivities to ensure transparency
Ensure continuity of cost assumptions from RFQ through project kick-off
Serve as the primary bridge between engineering requirements and supplier-ready RFQs and commercial terms
Drive alignment between design intent, manufacturability, and cost
Identify technical and commercial risks early and develop actionable mitigation plans
Manage sourcing and quoting for customer-owned tooling, manufacturing equipment, and Cadence capital purchases
Ensure technical fit, competitive pricing, and realistic lead times for capital investments
Provide sourcing expertise for major capital purchases supporting both new programs and ongoing operations
Lead negotiations for pricing, supply agreements, and commercial terms at project award
Establish continuity and risk mitigation plans for costed BOMs and capital purchases to protect supply chain stability
Proactively identify opportunities for cost reduction through negotiation, supplier consolidation, re-sourcing, or insourcing of technical goods and services
Qualification
Required
Bachelor's degree in Engineering, Supply Chain, Operations, or a related technical field
5+ years of experience in sourcing, engineering, manufacturing, or a related technical role
Strong ability to read and interpret technical drawings, GD&T, tolerances, and a wide range of manufacturing processes and capabilities
Demonstrated experience with cost modeling, supplier quoting, and complex negotiations
Familiarity with ISO 13485, FDA QSR, MDR, and quality system requirements
Ability to evaluate custom-engineered components, supplier strategies, and manufacturing capabilities with technical rigor
Proven ability to manage multiple high-priority cost estimates simultaneously in a fast-paced environment
Preferred
Experience in medical device or high-precision manufacturing is strongly preferred
Company
Cadence, Inc.
Cadence is a contract manufacturer that fabricates razor-sharp custom-made cutting blades for medical device and diagnostics companies.
501-1000 employees
H1B Sponsorship
Cadence, Inc. has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (1)
Funding
Current Stage
Late StageTotal Funding
unknown2018-04-18Acquired
Leadership Team
Rob Werge
President and CEO
Ken Cleveland
CFO
Company data provided by crunchbase