New Product Development & Sourcing Buyer I

About the Role

Arthrex is a global medical device company and a leader in new product development and medical education in orthopedics. As a New Product Development & Sourcing Buyer I this role will manage activities involved with new product development and sourcing, resulting in contracting terms, and purchasing material from existing partners or new suppliers. Join our talented team at a global medical device company focused on Helping Surgeons Treat Their Patients Better™.

Essential Duties and Responsibilities

• Manage the procurement process for prototype and production materials, acting as the key liaison between Engineering, Suppliers, Quality and Manufacturing.
• Work closely with Project and Program Management teams, on multiple development projects, including timelines, meetings, and project events while providing communication and oversight to suppliers.
• Monitor market conditions and trends to make informed business decisions.
• Research and identify potential new suppliers, including possible onsite reviews. Manage Request for Quote (RFQ) and Request for Proposal (RFP) processes.
• Negotiate pricing, payment terms, and delivery schedules to achieve supply chain continuity and stabilized cost.
• Distributes Engineering Change Requests, Supplier Process Changes, to support the Quality system, between Arthrex's stakeholders and suppliers.
• Set up new Part Numbers in the MRP system, including planning and delivery parameters, logistics and commercial conditions.
• Manage MRP and new project forecasting reports for inventory and non-inventory planning and order execution.
• Ensure ramp-up and limit back-orders of all assigned for new products releases.
• Maintain material cost projections, ensure adherence to budgets, and identify future cost reduction or cost avoidance opportunities.
• Negotiate contractual terms including NDAs, Development Agreements, Supply Agreements, and SOWs with new and existing Arthrex partners.
• Manage Logistic, Duties, and Tariff conditions with suppliers importing to the US.

Qualifications

• Bachelor's Degree required.
• 2 years' inventory management and control experience required.
• 1 year manufacturing environment experience required.
• 1-year regulated industry experience preferred.
• 1-year medical device industry experience preferred.

Knowledge, Skills, and Abilities

• Basic MRP/ERP knowledge preferred.
• Knowledge of materials management, regulations, procedures, and Logistics.
• Ability to read/interpret engineering drawings and bills of materials (BOMs).
• Intermediate level for negotiation, project management, and analytical skills.
• Microsoft Office knowledge preferred (Office, Word, Outlook).
• Good numerical, analytical skills preferred.
• Evaluating supplier proposals, and determining Total Cost of Ownership (TCO).
• Identifying root causes for supply chain disruptions, logistical delays, or quality issues.
• Analyzes and documents inventory management issues using independent judgment.
• Basic knowledge of inventory management and control concepts.
• Moderate knowledge of MS Office required.
• Ability to operate ERP/MRP main functions.
• Thorough knowledge of production and manufacturing flow.
• Intermediate ability to negotiate with suppliers to secure favorable pricing, volume discounts, and optimal contract terms.
• Must have the ability to perform tasks by reading, understanding, and following work instructions/documents provided.
• Knowledge of raw materials, production processes, quality control and other techniques for manufacturing products.

Benefits

• Medical, Dental and Vision Insurance
• Company-Provided Life Insurance
• Voluntary Life Insurance
• Flexible Spending Account (FSA)
• Supplemental Insurance Plans (Accident, Cancer, Hospital, Critical Illness)
• Matching 401(k) Retirement Plan
• Annual Bonus
• Wellness Incentive Program
• Free Onsite Lunch
• Gym Reimbursement Program
• Tuition Reimbursement Program
• Trip of a Lifetime
• Paid Parental Leave
• Paid Time Off
• Paid Sick Leave
• Volunteer PTO
• Employee Assistance Provider (EAP)