Strategic Sourcing Specialist - Equipment Procurement

Terumo Medical Corporation (TMC) develops, manufactures, and markets a complete, solutions-based portfolio of high-quality medical devices used in a broad range of applications for numerous areas of the healthcare industry. TMC places a premium on providing customers with world-class products, training and education programs that drive clear economic value, better clinical outcomes and improved quality of life for patients. TMC is part of Tokyo-based Terumo Corporation; one of the world’s leading medical device manufacturers with $6+ billion in sales, 30,000+ employees worldwide and operations in more than 160 nations. Terumo Medical Corporation is comprised of two strategic business divisions: Terumo Interventional Systems and Terumo Medical Products.

We believe that the future is bright for everyone at Terumo. We work with the future in mind to generate lasting change, create a bigger impact and produce greater outcomes for today, and for decades to come.

At Terumo we believe in the power of personal growth and will encourage you to get in the driver's seat - progressing in the direction you want to go by deepening your skills throughout your career. We want you to be bold, think outside the box, experiment, innovate and deliver what's next for quality healthcare. You will be part of a collaborative, respectful and resilient team of associates and leaders around the world, working together as partners to achieve more than you thought possible, providing real-world, impactful solutions for patients.

Join us and help shape wherever we go next!

Advancing healthcare with heart

 

 

 

 

Job Summary

The Strategic Sourcing Specialist– Mechanical Equipment Procurement reports to the Director of Strategic Procurement and plays a vital role in optimizing the sourcing and procurement of mechanical equipment within a global supply base. This position is best suited for candidates with a strong foundation in Mechanical or Industrial Engineering, combined with a keen understanding of procurement principles. The role requires analytical thinking, supplier engagement, and cost analysis to ensure cost-effective, reliable, and high-quality equipment sourcing. The ideal candidate will apply engineering-based problem-solving approaches to supplier negotiations, cost modeling, and risk mitigation strategies, enhancing the supply chain’s efficiency and resilience. By collaborating with internal teams and external suppliers, the Sourcing Analyst will contribute to building a best-in-class sourcing strategy that supports operational excellence and business-growth.

Job Details/Responsibilities

• Leverage mechanical or industrial engineering principles to support the development and execution of sourcing strategies for mechanical equipment procurement, ensuring supplier performance optimization, cost efficiency, and supply chain reliability.
• Utilize engineering-based analysis to assist in identifying, evaluating, and onboarding suppliers that meet stringent quality, cost, and delivery performance expectations.
• Apply technical cost modeling and design-to-cost methodologies in supplier negotiations, including reviewing cost structures, contract terms, and service level agreements.
• Conduct market research and supplier benchmarking using engineering-driven evaluation criteria, identifying cost-saving opportunities and optimizing procurement strategies.
• Assist in analyzing supplier proposals by assessing mechanical feasibility, manufacturability, and total cost of ownership (TCO) to drive procurement decision-making.
• Work closely with cross-functional teams, including Engineering, Manufacturing, Quality, and Finance, to align sourcing strategies with product design requirements and process capabilities.
• Utilize engineering and supply chain principles to assess supplier risk, ensuring robust mitigation strategies that address technical feasibility, production scalability, and long-term reliability.
• Monitor and track supplier performance using key performance indicators (KPIs), with a focus on metrics such as process capability indices, defect rates, and tolerance compliance.
• Apply fundamental engineering principles to support continuous improvement initiatives, optimizing supplier processes and driving operational efficiencies. Support the execution of Requests for Quotations (RFQs), bid evaluations, and supplier selection processes.
• Maintain procurement data, reporting tools, and supplier performance scorecards to support decision-making.
• Ensure compliance with regulatory, quality, and corporate procurement policies in sourcing activities.
• Assist in the implementation of procurement process improvements and digital sourcing tools.