Senior Sourcing and Procurement Specialist - NPD - Capital
About Us
Hydrafacial is a global category-creating company focused on bringing innovative products to market and delivering beauty health experiences by reinventing our consumer’s relationship with their skin, their bodies and their self-confidence. Every person here is a key player in our success. We are firm believers in making the little things count each day so the big things will follow.
Job Description
The Senior Specialist, Procurement – New Product Development (NPD) supports the development and execution of new product initiatives from concept through commercialization. This role partners cross-functionally with procurement, quality, engineering, regulatory, planning, marketing, and external suppliers to ensure supply chain readiness for new product launches. This role is responsible for executing source-to-contract procurement processes in alignment with business goals and industry best practices, ensuring compliance with procurement policies, and contributing to supplier diversity and sustainability.
What you’ll do
- Primary Responsibilities:
- NPD Supply Chain Execution
- Support supply chain activities for white-label devices and internally manufactured devices from concept through launch.
- Carefully coordinate supply readiness timelines in partnership with the NPD Project Manager and cross-functional teams.
- Track project milestones, risks, and deliverables to support on-time commercialization.
- Aid in ensuring alignment between development timelines, cost targets, and supply capabilities.
- Procurement Support & Sourcing Execution
- Support sourcing initiatives for components, packaging, formulas, and finished goods.
- Lead Request for Quotation (RFQs), supplier evaluations, cost comparisons, and data analysis.
- Partner with the procurement leader to support cost negotiations and supplier onboarding activities.
- Help track Cost of Goods Sold (COGS) throughout development and identify cost-saving opportunities.
- Maintain Master Supply Agreements, other sourcing documentation, and supplier data.
- Supplier Coordination & Management
- Coordinate with suppliers to support development timelines and deliverables.
- Monitor supplier progress on samples, validation builds, and production readiness.
- Assist with supplier qualification documentation and onboarding processes.
- Manage supplier performance by tracking and reviewing defined metrics throughout both new product development and ongoing operations to ensure consistent quality, delivery, and compliance.
- Cross-Functional Collaboration
- Partner with internal teams (engineering, quality, regulatory, planning, marketing) to ensure alignment on supply requirements.
- Support material readiness, tooling timelines, and validation build coordination.
- Aid in ensuring required documentation (quality, regulatory, testing) is completed on schedule.
- Risk Identification & Mitigation
- Identify potential supply risks (e.g., lead times, sourcing constraints, capacity issues) and escalate as needed.
- Support development of contingency plans and alternative sourcing options.
- Maintain risk logs and track mitigation actions.
- Financial & Data Support
- Aid in building and maintaining cost models, including Cost of Goods Sold (COGS), Minimum Order Quantity (MOQs), and tooling costs.
- Track development-related supply expenses and support budget alignment.
- Provide data analysis to support decision-making and cost optimization.
- Continuous Improvement
- Contribute to improving supply chain processes within the NPD lifecycle.
- Support documentation of lessons learned and best practices.
- Identify opportunities to improve efficiency, cost, and speed to market.
- Other Duties
- Perform additional responsibilities as assigned.
Required Qualifications
- Bachelor's degree in supply chain, Business, Engineering, or related field.
- 5+ years of experience in supply chain, procurement, or product development support roles.
- Experience supporting cross-functional projects and working with suppliers.
- Specific and tactical expertise in procurement processes, including source-to-contract planning and cost assessment, ensuring strategic and informed procurement decisions.
- Industry experience in medical device and with regulated products with familiarity tailoring processes to meet category needs.
- Capacity and experience assisting with collaborative supplier relationships, aligning procurement activities with business needs.
- Strong organizational and project coordination skills.
- Proficiency in data analysis, databases (Snowflake), and Microsoft Excel (or similar tools).
Preferred Skills
- Experience in consumer products, cosmetics, medical devices, or related industries.
- Familiarity with ERP systems (e.g., NetSuite), project management tools, or PLM systems.