Senior Strategic Sourcing Specialist - Acquisitions
About The Position
About the role: Responsible for leading the integration of the supply base for newly acquired entities into Boston Scientific, ensuring seamless alignment with Boston Scientific's sourcing standards, objectives, and acquisition goals. As part of a cross-functional acquisition integration team, this role partners closely with stakeholders in the sustaining Global Sourcing organization, Divisional teams, key contacts at the acquired entity, and suppliers to identify and mitigate risks, deliver on integration milestones within defined timelines, and drive sourcing strategy and initiatives. The role also establishes and enhances supplier relationships to support commercial deliverables and ensure successful integration outcomes. Work model, sponsorship, relocation: At Boston Scientific, we value collaboration and synergy. This role follows a hybrid work model requiring employees to be in our local office at least three days per week. Boston Scientific will not offer sponsorship or take over sponsorship of an employment visa for this position at this time. Relocation assistance is not available for this position at this time.
Requirements
- 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
Nice To Haves
- 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
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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
