Strategic Sourcing Manager
Forj Medical · St Paul, MN · 1 wk ago
Purchasing$50/hrFull-time
Job Summary
The Strategic Sourcing Manager supports programs to provide strategic buying & sourcing of goods, materials, and services. Responsibilities include ensuring continuous supply at the best cost, managing supplier relationships, and executing global supply agreements.
Job Duties And Responsibilities
- Ensure continuous supply of specified products & services at the best cost to meet strategic goals and objectives
- Plan, implement, and supervise commodity management, supplier selection, contract agreements, and strategic purchasing activities
- Proactively assess and understand internal and external customer requirements
- Manage supplier escalation(s) to influence supplier activities and mitigate impact to Forj Medical operations
- Purchase and source materials within commercialized (phase 5) programs and ensure continuity of material supply
- Set expectations for contracts, in/out sourcing objectives, and initiatives, purchasing, and materials planning
- Manage supplier selection and approval process for all new manufacturing suppliers
- Assess and proactively manage supplier risk; negotiate supplier improvements and contracts; manage strategic supplier relationships
- Collaborate with internal stakeholders and align on sourcing strategies; provide influence on internal and external stakeholders to drive sourcing strategies
- Drive year-over-year improvement in all aspects of the supplier base; quality, service, and cost
- Develop in-depth knowledge of suppliers to understand trends in the marketplace and drive supply base to support competitive advantage for Forj Medical
- Data analysis and tool development to manage suppliers
- Closely monitor the supply market with regards to pricing, commodity trends, supplier capacity, supplier news, industry news, and new product development
- Execute supplier management programs with suppliers, including the development of performance metrics
- Support Quality Management on audits and assessments of new and existing suppliers
- Other duties as assigned
Qualifications And Requirements
- Bachelor’s degree in Business Administration, Operations Resource Management, Manufacturing, or related field
- 7+ years of experience in running a sophisticated supply chain (strategic sourcing, managing suppliers, industry analysis, contract management, negotiations, and forecasting)
- Minimum of five (5) years in leadership role overseeing the work of team/department
- Demonstrated knowledge of leadership principles and practices, supervision, training, coaching, and mentoring, and talent development of a diverse group of people
- Preferred experience with electronic components and assemblies with supply material spend of $50M+
Employment Requirement
Must be authorized to work in the United States
Compensation And Total Rewards Package
The salary range for this position is outlined below under "Job Details" and is dependent upon the individual's skills, experience, qualifications, and applicable employment laws. Beyond base salary, Forj offers a competitive Total Rewards Package. You may also be eligible to participate in an annual bonus program which depends on various factors, including, individual and organizational performance.