Senior Category Sourcing Manager

Key Responsibilities

• Develop and implement strategic sourcing plans for private label healthcare products, considering cost, quality, and supply chain efficiency.
• Lead the cost modeling and profitability analysis to analyze suppliers’ cost structures and identify opportunities for cost reduction and value optimization.
• Conduct competitive bidding processes to ensure the selection of the best suppliers based on quality, price, delivery, and service performance.
• Collaborate with internal teams (marketing, quality assurance, regulatory affairs, supply chain and finance) to ensure product specifications and quality standards are met.
• Build and maintain strong relationships with key suppliers and manufacturers.
• Maintain supplier performance using KPIs and SLAs, ensuring compliance with delivery schedules, quality standards, and contractual obligations.
• Conduct regular supplier audits and assessments to ensure product quality and operational excellence, making adjustments as necessary to improve performance.
• Lead cost analysis efforts, utilizing tools such as cost modeling to assess pricing structures and drive negotiations.
• Manage budgets for private label sourcing and ensure alignment with company financial goals.
• Identify and implement cost-saving opportunities within the sourcing process without compromising product quality.
• Oversee the lifecycle of private label products, from sourcing and development to final delivery.
• Work closely with cross-functional teams (Sales, Marketing, Regulatory, etc.) to ensure timely and successful product launches.
• Ensure compliance with industry regulations, certifications, and quality standards throughout the product lifecycle.
• Stay current with industry trends, emerging technologies, and regulatory changes affecting the healthcare and private label sectors.
• Perform market analysis to track competitor offerings and pricing strategies to maintain a competitive edge.
• Collaborate with internal teams to ensure sourcing strategies align with market demands and customer requirements.
• Provide strategic sourcing input and guidance for new product development and portfolio management.
• Prepare regular reports on sourcing performance, supplier metrics, cost savings, and other key performance indicators.
• Use data-driven insights to guide decision-making and continuously improve sourcing processes.

Qualifications

• Bachelor’s degree in business, Supply Chain Management, Healthcare Administration, or related field.
• Minimum of 7 years of experience in sourcing, procurement, or supply chain management, ideally in healthcare, medical device, or pharmaceutical industries.
• At least 3 years of experience with a proven track record of successful vendor negotiations, cost management, and product development; private label preferred.
• Strong experience with cost modeling (e.g., should cost, cost plus, etc.) and competitive bidding processes (RFP, RFQ, RFI, 3 bids and buy) to optimize pricing and supplier selection.

Skills

• In-depth knowledge of private label sourcing, including cost modeling, pricing strategies, and competitive sourcing.
• Familiarity with regulatory requirements (FDA, GMP, ISO, etc.) for healthcare products.
• Strong negotiation and communication skills with the ability to build and maintain relationships with suppliers and internal teams.
• Advanced analytical skills with the ability to assess market trends, cost structures, and performance data to drive sourcing decisions.
• Proficient in sourcing tools, ERP systems, and MS Office Suite (Excel, PowerPoint, Word).

Personal Attributes

• Detail-oriented with a focus on compliance and quality.
• Results-driven, proactive, and able to work independently and collaboratively in a fast-paced environment.
• Strong problem-solving abilities, particularly in managing complex sourcing challenges and cost optimization.

Pay

The potential compensation range for this role is $96,500.00 - $120,600.00. The final offer amount would be based on various factors such as candidate location (geographical labor market), experience, and skills.