Sourcing Manager

Leiters Inc•Inverness, CO

70d

About The Position

This position reports directly to the Sr. Procurement Manager. The Sourcing Manager is responsible for identifying, evaluating, and selecting suppliers/vendors to meet the organization's procurement needs. They will play a crucial role in optimizing the sourcing process, negotiating contracts, managing supplier relationships, and ensuring the timely and cost-effective delivery of goods and services. The Sourcing Manager will collaborate with cross-functional teams and stakeholders to drive continuous improvement and achieve strategic sourcing objectives. Why Join Leiters Health? Are you passionate about making a real impact in the pharmaceutical industry? Do you thrive in a collaborative, innovative environment where your skills and ideas are valued? Look no further – Leiters Health is seeking talented individuals like you to join our dynamic team! At Leiters Health, we're not just another pharmaceutical company – we're pioneers in the field, dedicated to delivering high-quality compounded sterile products and outsourced solutions to healthcare providers nationwide. Our commitment to excellence and patient safety is at the core of everything we do. Innovative Culture: Be part of a forward-thinking company that encourages creativity, welcomes fresh ideas, and fosters an environment of continuous improvement. Meaningful Work: Contribute to a purpose-driven organization dedicated to providing critical medications and healthcare solutions that positively impact patients' lives. Professional Development: Access ongoing training, mentorship, and growth opportunities to expand your skills and advance your career within a rapidly growing industry. Cutting-Edge Technology: Work with state-of-the-art facilities and advanced technologies, staying ahead of the curve in pharmaceutical manufacturing. Collaborative Environment: Join a team of passionate individuals who are dedicated to teamwork, support, and mutual success, fostering a culture of inclusivity and collaboration. Who We're Looking For: We're seeking enthusiastic individuals who are driven, adaptable, and passionate about contributing to a mission-driven organization. Whether you're an experienced professional or just starting your career, Leiters Health provides an environment where your skills and talents will be recognized and appreciated. Sound like you? Apply today! Essential Functions: This description is intended to be illustrative of the major duties performed by the employee assigned to this position.

Requirements

Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
Proven experience in sourcing, procurement, or supply chain management, preferably in a manufacturing or related industry.
Strong knowledge of sourcing strategies, supplier evaluation, negotiation techniques, and contract management.
Proficient in using sourcing tools, e-procurement systems, and supplier relationship management software.
Excellent analytical and problem-solving skills with the ability to interpret data and make informed decisions.
Effective negotiation and communication skills, both written and verbal.
Strong project management skills with the ability to prioritize tasks, manage multiple projects simultaneously, and meet deadlines.
Attention to detail, with a focus on accuracy and quality in all sourcing activities.
Strong interpersonal skills, with the ability to build and maintain effective relationships with suppliers and stakeholders.
Proficient written, verbal and oral English communication skills are required.
Proficiency with Microsoft 365 tools including Outlook, Microsoft, and Excel.

Nice To Haves

Relevant certifications (e.g., CSCP, CPSM) or Masters education in Business/Supply Chain are a plus.
Understanding of 503B regulatory requirements, cGMP standards, and USP guidelines is a plus!

Responsibilities

Supplier Identification and Evaluation:
Conduct market research to identify potential suppliers/vendors and maintain a comprehensive supplier database.
Evaluate suppliers based on their capabilities, quality, reliability, financial stability, and compliance with company standards.
Collaborate with stakeholders to understand sourcing requirements and develop supplier selection criteria.
Strategic Sourcing:
Develop and implement sourcing strategies to secure supply, optimize cost, quality, and delivery timelines.
Conduct Request for Proposal (RFP) processes, analyze supplier proposals, and negotiate contracts and pricing agreements.
Identify opportunities for supplier consolidation, standardization, and process improvements.
Utilize Strategic Sourcing frameworks to segment spending, suppliers and identify sourcing opportunities
Supplier Relationship Management:
Cultivate and maintain strong relationships with suppliers, ensuring open lines of communication and effective collaboration.
Monitor supplier performance, including delivery, quality, and service levels, and implement corrective actions as needed.
Develop and implement a Supplier Relationship Management program including scorecard development and delivery.
Conduct supplier performance evaluations and drive continuous improvement initiatives
Contract Management:
Draft, review, and negotiate contracts and agreements with suppliers, ensuring terms and conditions are favorable to the organization.
Monitor contract compliance, resolve any contractual disputes, and implement necessary amendments or modifications.
Work closely with legal and compliance teams to ensure contract adherence and mitigate risks.
Market Analysis and Benchmarking:
Stay updated on industry trends, market conditions, and emerging technologies related to the sourcing category.
Conduct benchmarking exercises to evaluate supplier performance against industry standards and identify areas for improvement.
Provide recommendations for alternative suppliers, materials, or processes to optimize sourcing strategies.
Drive alternate sourcing, supplier consolidation and localization to maximize pricing leverage and cycle time improvements.
Negotiate business T & C's relating to: pricing, payment terms, delivery terms, inventory strategies, lead times, and other strategic issues with key suppliers.
Cross-functional Collaboration:
Collaborate with cross-functional teams, including engineering, operations, quality, and finance, to align sourcing strategies with business goals.
Engage stakeholders to understand their requirements, provide sourcing guidance, and resolve any sourcing-related issues.
Prepare RFx, analyze proposals, and lead cross-functional supplier selections
Other duties as assigned.