Lead Sourcing Specialist - Commodity Management
About the Role
As a Lead Sourcing Specialist – Commodity Management, you will lead supplier negotiations, develop sourcing strategies, and manage supplier performance to ensure optimal contractual terms and the highest standards of quality, compliance, and cost-efficiency. Leveraging your expertise in sourcing best practices, market dynamics, and cross-functional collaboration, you will deliver value and elevate performance across the supply base while ensuring internal stakeholder satisfaction.
Key Responsibilities
- Category Strategy: Define and implement sourcing strategies for critical components used in medical device manufacturing, with a strong focus on supplier differentiation and competitive positioning within each category. Maintain a deep understanding of the competitive landscape and the rationale behind supplier selection, including capabilities, innovation, cost structure, and regulatory compliance. Utilizes in-depth knowledge of a discipline (Computers) and analytical thinking to execute policy/strategy.
- Cost and Supplier Management: Drive annual cost negotiations across all GE HealthCare segments, securing optimal terms while balancing quality, risk, and long-term value. Lead supplier reviews, including technology and business performance assessments, to ensure alignment with strategic goals.
- Contract & Risk Management: Negotiate and manage supplier contracts with a focus on quality, regulatory compliance (e.g., FDA, ISO 13485), and risk mitigation. Support escalations related to supplier performance issues and compliance with internal procurement policies.
- Cross-Functional Collaboration: Partner with Sourcing, Engineering, Quality, and other internal teams to align sourcing strategies with business needs.
- Data-Driven Decision Making: Conduct data analysis to support sourcing decisions, identify cost-saving opportunities, and monitor supplier performance.
- Project Leadership: Lead or support sourcing-related projects with moderate complexity, ensuring timely delivery and alignment with business goals.
- Mentorship & Knowledge Sharing: Act as a resource for less experienced team members, sharing expertise and supporting skill development.
Required Qualifications
- Bachelor's degree in Business, Engineering, or Supply Chain (or high school diploma/GED with 6+ years of relevant experience).
- Minimum 5 years of experience in Sourcing, Procurement, or Commodity Management, with experience in medical device manufacturing (FDA, ISO13485) or technology manufacturing industry preferred.
- Strong negotiation and contract management skills.
- Proficiency in Power BI and Microsoft Excel.
- Project management experience, especially in regulated industries.
Desired Characteristics
- Experience in a global team environment.
- Advanced negotiation and contract strategy skills.
- Experience working with OEM/ODM suppliers, with demonstrated understanding of product planning and technology roadmaps.
- Proven success in category/commodity strategy development.
- Strong analytical and problem-solving abilities.
- Demonstrated ability to plan, document, and execute sourcing programs effectively.
- Advanced proficiency with data analytics tools such as Power BI.
Pay
$100,800.00 – $151,200.00 Annual. Compensation decisions are dependent on the facts and circumstances of each case, including skills, qualifications, experience, and location. This position may also be eligible to earn performance-based incentive compensation, which may include cash bonus(es) and/or long-term incentives (LTI).
Benefits
- Medical, dental, and vision insurance
- Paid time off
- 401(k) plan with employee and company contribution opportunities
- Life, disability, and accident insurance
- Tuition reimbursement
Additional Information
Relocation assistance is not provided for this position. We will not sponsor individuals for employment visas, now or in the future, for this job opening.