Principal Strategic Sourcing Specialist

Additional Location(s): N/A

Diversity - Innovation - Caring - Global Collaboration - Winning Spirit- High Performance

At Boston Scientific, we'll give you the opportunity to harness all that's within you by working in teams of diverse and high-performing employees, tackling some of the most important health industry challenges. With access to the latest tools, information and training, we'll help you in advancing your skills and career. Here, you'll be supported in progressing - whatever your ambitions.

Principal Strategic Sourcing Specialist

About The Role:

The Global Sourcing Mission at BSC:Partner with best-in-industry suppliers to provide materials, products, innovation, and services that drive a competitive advantage for Boston Scientific.Join our sourcing team to help us fulfill this mission and advance science for life!

ThePrincipal Strategic Sourcing Specialistis responsible for developing and executing category and sourcing strategies for Electronics categories that meet and exceed product quality and achieving service and cost improvement targets. The individual in this role will also lead a category team of cross-functional partners in Supplier Quality and Supplier Engineering to achieve category objectives and collaborate with Divisional stakeholders to align on optimal sourcing strategies within our Electronics category. Our ideal candidate has exceptional negotiation skills, is passionate about product quality, has a proven track record of reducing costs and improving delivery times, has expertise managing multiple contracts, and enjoys cross-functional and multi-division collaboration.

Your Responsibilities Include:

• Establishing category strategies that result in a sustainable competitive advantage
• Managing strategic supplier relationships in line with company and category expectations
• Negotiating and executing contracts that deliver the best outcomes for Boston Scientific
• Driving sustained year-over-year value improvement related to quality, service, and cost
• Defining technology roadmaps that align with long-term product/patient needs
• Collaborating with Supplier Engineering to develop should-cost models
• Gathering and analyzing market intelligence and reporting on trends, risks, etc.
• Identifying market/sourcing risks and working with stakeholders to define and execute mitigation plans
• Demonstrate the ability to effectively engage and influence a diverse range of stakeholders, ensuring alignment with project goals and organizational objectives. This includes building strong relationships, facilitating discussions, and negotiating outcomes that benefit all parties involved.
• Exhibit peer leadership skills by guiding and mentoring team members, fostering a collaborative environment, and promoting a culture of accountability and excellence. This role requires the ability to inspire and motivate colleagues, driving team performance through shared vision and mutual support
• 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
• Providing source selection recommendations for new products that align with the category strategy
• Driving early supplier involvement with R&D to achieve development objectives, timelines, and costs
• Implement best practices in project management execution, utilizing methodologies that enhance efficiency and effectiveness. Monitor progress, adjust strategies as necessary, and ensure that project deliverables meet quality standards and stakeholder expectations.
• Attending on-site supplier visits for assessments, negotiations, business reviews, etc.
• Facilitating the identification and evaluation of new materials or technologies
• Identifying and rationalizing insourcing vs. outsourcing opportunities
• Supporting or leading business process improvement projects
• Providing support to Site Purchasing Teams as required
• Establishing a work environment of continuous improvement that supports Boston Scientific's Quality Policy, Quality System, and applicable regulations
• Facilitating supplier business reviews

What We're Looking For:

Required Qualifications:

• Minimum of a bachelor's degree in Supply Chain, Engineering, Business, or a related field
• Minimum of 10 years of experience in Sourcing, Supply Chain Management, or Supplier Relationship Management
• Ability to travel up to 20%

Preferred Qualifications:

• MBA and / or Professional Certification (CPSM, CPIM, CSCP, PMP, Lean Six Sigma, etc.)
• Sourcing experience for electronic components or medical devices
• Experience working in medical device or similar regulated industry
• Strong decision-making and negotiation skills, ability to influence internal and external teams.
• Experience with project management and peer leadership
• 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

Requisition ID:595383

Minimum Salary:$99,100

Maximum Salary: $188,300

The anticipated compensation listed above and the value of core and optional employee benefits offered by Boston Scientific (BSC) - see www.bscbenefitsconnect.com--will vary based on actual location of the position and other pertinent factors considered in determining actual compensation for the role. Compensation will be commensurate with demonstrable level of experience and training, pertinent education including licensure and certifications, among other relevant business or organizational needs. At BSC, it is not typical for an individual to be hired near the bottom or top of the anticipated salary range listed above.

Compensation for non-exempt (hourly), non-sales roles may also include variable compensation from time to time (e.g., any overtime and shift differential) and annual bonus target (subject to plan eligibility and other requirements).

Compensation for exempt, non-sales roles may also include variable compensation, i.e., annual bonus target and long-term incentives (subject to plan eligibility and other requirements.

For MA positions: It is unlawful to require or administer a lie detector test for employment. Violators are subject to criminal penalties and civil liability.

Boston Scientific Corporation has been and will continue to be an equal opportunity employer. To ensure full implementation of its equal employment policy, the Company will continue to take steps to assure that recruitment, hiring, assignment, promotion, compensation, and all other personnel decisions are made and administered without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identify, gender expression, veteran status, age, mental or physical disability, genetic information or any other protected class.

Among other requirements, Boston Scientific maintains specificprohibited substancetest requirements for safety-sensitive positions. This role is deemed safety-sensitive and, as such, candidates will be subject to a prohibited substance test as a requirement. The goal of the prohibited substance testing is to increase workplace safety in compliance with the applicable law.