Strategic Sourcing Specialist III Electronics

Boston Scientific•Arden Hills, MN

22d•$85,000 - $161,500

About The Position

The Strategic Sourcing Specialist III position applies a thorough and analytical approach to developing and executing sourcing strategies designed to reduce total costs, enhance supplier value contributions, and secure a sustainable competitive edge in key direct sourcing categories. This role collaborates with divisional stakeholders to align and optimize sustainable sourcing strategies for the electronics category and will partner with cross-functional partners in Supplier Quality and Supplier Engineering to execute project deliverables, while ensuring product quality and cost savings.

Requirements

Bachelor’s degree in supply chain, engineering, business or a related field
Minimum 2 yrs of direct sourcing experience and supplier relationship management
Experience with MS Excel and other applications (i.e. Word, PowerPoint, MS Project etc.)
Ability to travel globally up to 20%

Nice To Haves

Master’s Degree or professional certification (i.e. CPSM, CPIM, CSCP, PMP, Lean Six Sigma, etc.)
Experience sourcing for electronic components for manufacturing operations
Experience working in medical device or similar regulated industry
Strong decision-making and negotiation skills, ability to influence internal and external teams
Ability to work independently and collaborate with cross-functional teams to complete projects
Strong interpersonal skills, with ability to communicate effectively with individuals on all levels
Strong critical thinking and analytical skills: process and results-oriented
Detail oriented with strong organizational skills; ability to multi-task and prioritize competing responsibilities effectively

Responsibilities

Gathering market intelligence and trends for the electronics category and sub-categories
Identifying all suitable suppliers to develop comprehensive knowledge and supplier database
Guiding respective internal leads through a holistic and systematic category approach to material and supplier selection and management; identify insourcing and outsourcing opportunities
Managing strategic supplier relationships according to the category strategy and strategic differentiators for each supplier
Analyzing data and developing cost modeling tools (i.e. should-cost, COGS, etc.) to manage category
Collaborating with stakeholders to identify and mitigate issues and supplier-related risks
Working with suppliers to promote continuous value improvement for quality, service, and cost
Managing supplier performance and identifying Value Improvement Programs (VIP) to improve the total cost of ownership (TCO)
Establishing an optimal balance between collaborative engagement and competitive pressure with supply base to ensure the maximum value is realized, including negotiations on supplier contracts and value improvements
Supporting the annual budget process for assigned suppliers and resolving systematic issues
Establishing early involvement to achieve development performance goals, support project timelines, and manage product cost