Principal Strategic Sourcing Specialist

Purpose Statement

Responsible for developing and executing strategic sourcing initiatives focused on Supplier Diversity, Local Sourcing, and Low-Cost Country sourcing. Establish & enhance Supplier relationships to drive these strategic initiatives to meet or exceed product quality, service & deliver sustainable cost reductions, while reducing or mitigating risk in the Supply Chain. Responsible for collaborating with internal stakeholders and aligning on optimal sourcing strategies to develop and implement strategic initiatives across the global sourcing landscape.

The individual in this role will lead cross-functional teams to achieve strategic objectives and collaborate with Divisional stakeholders to align on optimal sourcing initiatives across multiple sub-categories. Our ideal candidate has exceptional negotiation skills, is passionate about product quality, has a proven track record of implementing strategic sourcing initiatives, has expertise managing multiple special projects, and enjoys cross-functional and multi-division collaboration.

Job Responsibilities

• Identifying and qualifying Low-Cost Country sourcing opportunities that maintain quality while improving cost position & reducing risk
• Managing strategic supplier relationships in line with company and strategic initiative expectations that establishes an optimal balance between collaborative engagement and competitive pressure with supply base
• 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
• Gathering and analyzing market intelligence and reporting on trends, risks, etc. related to strategic initiatives & identifying market/sourcing risks and working with stakeholders to define and execute mitigation plans
• Demonstrating the ability to effectively engage and influence a diverse range of stakeholders, ensuring alignment with strategic goals and organizational objectives
• Attending on-site supplier visits for assessments, negotiations, business reviews, etc.
• Providing support to Site Purchasing Teams as required for implementing strategic initiatives
• Establishing a work environment of continuous improvement that supports Boston Scientific's Quality Policy, Quality System, and applicable regulations

Job Requirements

• Candidate required to possess at least a Bachelor's degree in any related field.
• Minimum of 10 years Strategic Procurement (Sourcing) and Supplier Relationship Management Experience in a manufacturing environment. Medical Device experience is an advantage.
• Experience with strategic sourcing initiatives, particularly Supplier Diversity, Local Sourcing, or Low-Cost Country sourcing
• 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 & collaborate with cross-functional teams to complete strategic 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

Preferred Qualifications

• MBA and/or Professional Certification (CPSM, CPIM, CSCP, PMP, Lean Six Sigma, etc.)
• Experience with supplier diversity program development and implementation

About Us

As a global medical technology leader for more than 40 years, our mission at Boston Scientific (NYSE: BSX) is to transform lives through innovative medical solutions that improve the health of patients. If you’re looking to truly make a difference to people both around the world and around the corner, there’s no better place to make it happen.