Senior Sourcing Analyst

Stryker • Chicago, IL

2d

About The Position

The NPI Senior Sourcing Analyst will support development and implementation of strategic sourcing activities in assigned suppliers and/or commodities; with goal to obtain the best quality, service, and value for products and services through effective bidding, negotiation, and supplier management. The NPI Senior Sourcing Analyst will support the implementation of NPI project launches by utilizing a global tool kit, evaluating cost reduction ideas, supply base optimization, contract negotiations, global strategies, and supplier risk assessments. Own the development and implementation of NPI sourcing strategies for assigned projects of increased complexity, utilizing agreed tools and processes Perform sourcing analysis and selection process utilizing the agreed tools, including financial and non-financial inputs as required for clear sourcing decisions Demonstrate insight and understanding of component cost drivers to develop negotiation strategies Lead/Own the negotiation of contracts (i.e. Supply Agreement, Development Agreements) per guidelines Develop strong relationships with suppliers and stakeholders in scope for the project, and serve as a primary escalation point Advocate on behalf of supplier within the organization by providing a balanced viewpoint and holding suppliers accountable as appropriate and lead cross functional teams to resolve issues Lead/Own procurement activities for new product launches [supplier selection, requests for quotes, negotiations, awards, cost management, launch readiness and handover to sustaining procurement Assure costs are tracked throughout the project, standards are accurately implemented and savings are captured for handover. Alignment with Finance, Supply Planning, Purchasing to ensure parts are set up with all appropriate attributes Effectively and timely communicate expectations to suppliers and escalate risks to project teams or management as needed Drive change to mitigate risks, understanding of key challenges, and voicing concerns to project leadership, divisional sourcing, global category Identify savings opportunities during launch planning and future savings opportunities for sustaining sourcing Identify gaps/opportunities to support procurement strategy and collaborate with global stakeholders to resolve Develop business case proposals to support future transfers, dual sourcing, design changes, etc.

Requirements

• Bachelor's degree - required
• 6+ years of experience - required
• Financial analysis and negotiation skills required at complex levels
• Strategic analysis skills
• Understanding of procurement strategy

Responsibilities

• Support development and implementation of strategic sourcing activities
• Support the implementation of NPI project launches
• Own the development and implementation of NPI sourcing strategies
• Perform sourcing analysis and selection process
• Demonstrate insight and understanding of component cost drivers to develop negotiation strategies
• Lead/Own the negotiation of contracts
• Develop strong relationships with suppliers and stakeholders
• Advocate on behalf of supplier within the organization
• Lead cross functional teams to resolve issues
• Lead/Own procurement activities for new product launches
• Assure costs are tracked throughout the project
• Effectively and timely communicate expectations to suppliers and escalate risks to project teams or management as needed
• Drive change to mitigate risks
• Identify savings opportunities during launch planning and future savings opportunities for sustaining sourcing
• Identify gaps/opportunities to support procurement strategy and collaborate with global stakeholders to resolve
• Develop business case proposals to support future transfers, dual sourcing, design changes, etc.

Benefits

• Medical and prescription drug insurance, dental insurance, vision insurance, critical illness insurance, accident insurance, hospital indemnity insurance, personalized healthcare support, wellbeing program and tobacco cessation program.
• Health Savings Account (HSA), Flexible Spending Accounts (FSAs), 401(k) plan, Employee Stock Purchase Plan (ESPP), basic life and AD&D insurance, and short-term disability insurance.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees