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!

 

The Principal Strategic Sourcing Specialist is 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 m