Senior Strategic Sourcing Specialist - Acquisitions at Boston Scientific Corporation Malaysia

Arden Hills, Minnesota, United States -

Full Time

Start Date

Immediate

Expiry Date

13 Apr, 26

Salary

177800.0

Posted On

13 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Strategic Sourcing, Supplier Relationship Management, Contract Negotiation, Cost Management, Data Analysis, Market Research, Risk Mitigation, Supplier Performance Metrics, Continuous Improvement, Collaboration, Integration Activities, Cost Reduction, Negotiation Principles, Stakeholder Engagement, Acquisition Integration, Quantitative Tools

Industry

Medical Equipment Manufacturing

Description

Additional Location(s): US-MN-Arden Hills; US-MN-Maple Grove 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. About the role: As part of a cross-functional acquisition integration team, the Sr. Strategic Sourcing Specialist leads integration activities for the supply base of newly acquired entities and ensures a seamless alignment with Boston Scientific's sourcing standards, objectives, and acquisition goals. This role partners closely with stakeholders in the sustaining Global Sourcing organization and divisional teams along with suppliers and key contacts at the acquired entity 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. 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. Your responsibilities will include: Facilitating and managing the Service Level Agreement (SLA) between the materials acquisition integration and global sourcing teams, encompassing upfront alignment, contract negotiation and execution, and seamless handover of responsibilities to meet integration objectives and timelines Appling 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. Driving and coordinating 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. Owning the bidding process and annual operation plan (budget), ensuring inputs are correct, preventing supplier-related unfavorable PPV, and addressing any proposed increases. Developing 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. Managing contract and vendor management activities such as strategic reviews, site visits, maintaining supplier performance review metrics/scorecards, risk mitigation, and managing service escalations. Monitoring market dynamics and communicate changes that affect internal client needs, identifying trends in category to drive continuous improvement with the larger procurement team. Partnering with internal clients and stakeholders to identify sourcing needs, increase value proposition, and reduce total cost of ownership (TCO); conduct buyer/market profiles to share marketplace trends and best practices Collaborating 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 Required qualifications: Bachelor's degree with at least 5 years of experience in strategic procurement (sourcing) or supplier relationship management Minimum 5 years of experience managing supplier contracts and negotiating value improvements Minimum 5 years of experience with quantitative tools such as cost modeling and data analysis Ability to travel up to 25% globally Preferred qualifications: Experience working in medical device or similarly regulated industries Strong knowledge of negotiation principles, business and legal considerations, and stakeholder decision-making Experience working on acquisitions integration projects Requisition ID: 621976 Minimum Salary: $93600 Maximum Salary: $177800 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. As a leader in medical science for more than 40 years, we are committed to solving the challenges that matter most - united by a deep caring for human life. Our mission to advance science for life is about transforming lives through innovative medical solutions that improve patient lives, create value for our customers, and support our employees and the communities in which we operate. Now more than ever, we have a responsibility to apply those values to everything we do - as a global business and as a global corporate citizen. So, choosing a career with Boston Scientific (NYSE: BSX) isn't just business, it's personal. And if you're a natural problem-solver with the imagination, determination, and spirit to make a meaningful difference to people worldwide, we encourage you to apply and look forward to connecting with you! At Boston Scientific, we recognize that nurturing a diverse and inclusive workplace helps us be more innovative and it is important in our work of advancing science for life and improving patient health. That is why we stand for inclusion, equality, and opportunity for all. By embracing the richness of our unique backgrounds and perspectives, we create a better, more rewarding place for our employees to work and reflect the patients, customers, and communities we serve. 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 identity, gender expression, veteran status, age, mental or physical disability, genetic information or any other protected class. Please be advised that certain US based positions, including without limitation field sales and service positions that call on hospitals and/or health care centers, require acceptable proof of COVID-19 vaccination status. Candidates will be notified during the interview and selection process if the role(s) for which they have applied require proof of vaccination as a condition of employment. Boston Scientific continues to evaluate its policies and protocols regarding the COVID-19 vaccine and will comply with all applicable state and federal law and healthcare credentialing requirements. As employees of the Company, you will be expected to meet the ongoing requirements for your roles, including any new requirements, should the Company's policies or protocols change with regard to COVID-19 vaccination.

Responsibilities

The Senior Strategic Sourcing Specialist leads integration activities for the supply base of newly acquired entities, ensuring alignment with Boston Scientific's sourcing standards. This role involves managing supplier relationships and driving sourcing strategy to achieve successful integration outcomes.