Senior Strategic Sourcing Specialist - Acquisitions

Senior Strategic Sourcing Specialist - Acquisitions

Onsite Location(s):
Arden Hills, MN, US, 55112

Diversity - Innovation - Caring - Global Collaboration - Winning Spirit
- High Performance

At Boston Scientific, we’ll give you the opportunity to harness all that’s within you by working in teams of diverse and high-performing employees, tackling some of the most important health industry challenges. With access to the latest tools, information and training, we’ll help you in advancing your skills and career. Here, you’ll be supported in progressing – whatever your ambitions.

As part of a cross-functional acquisition integration team, the Sr. Strategic Sourcing Specialist leads integration activities for the supply base of newly acquired entities and ensures a seamless alignment with Boston Scientific's sourcing standards, objectives, and acquisition goals. This role partners closely with stakeholders in the sustaining Global Sourcing organization and divisional teams along with suppliers and key contacts at the acquired entity to identify and mitigate risks, deliver on integration milestones within defined timelines, and drive sourcing strategy and initiatives.

The role also establishes and enhances supplier relationships to support commercial deliverables and ensure successful integration outcomes.

At Boston Scientific, we value collaboration and synergy. This role follows a hybrid work model requiring employees to be in our local office at least three days per week. Boston Scientific will not offer sponsorship or take over sponsorship of an employment visa for this position at this time.

• Facilitating and managing the Service Level Agreement (SLA) between the materials acquisition integration and global sourcing teams, encompassing upfront alignment, contract negotiation and execution, and seamless handover of responsibilities to meet integration objectives and timelines
• Appling strategic sourcing methodologies (spend analysis, market research, benchmarking, negotiation, contracting, continuous improvement) to align with Global Sourcing category strategies and execute activities that support quality, service, and cost goals throughout the integration process.
• Driving and coordinating component cost management, including influencing standard cost setting at the acquired entity and ensuring accurate cost establishment within the BSC system. Maintain ongoing visibility and accountability for pricing, cost reconciliation, and addressing proposed increases between the acquired entity and BSC.
• Owning the bidding process and annual operation plan (budget), ensuring inputs are correct, preventing supplier-related unfavorable PPV, and addressing any proposed increases.
• Developing supplier relationships to drive sourcing initiatives that deliver sustainable cost reductions, mitigate supply chain risks, and achieve year-on-year improvements in product quality, service, and value across the assigned supply base.
• Managing contract and vendor management activities such as strategic reviews, site visits, maintaining supplier performance review metrics/scorecards, risk mitigation, and managing service escalations.
• Monitoring market dynamics and communicate changes that affect internal client needs, identifying trends in category to drive continuous improvement with the larger procurement team.
• Partnering with internal clients and stakeholders to identify sourcing needs, increase value proposition, and reduce total cost of ownership (TCO); conduct buyer/market profiles to share marketplace trends and best practices
• Collaborating with and influence core teams for NPD, integration, and transfers to support projects, identify and mitigate risk, align with strategic supply base, and deliver in accordance with schedules and cost targets

• Bachelor’s degree with at least 5 years of experience in strategic procurement (sourcing) or supplier relationship management
• Minimum 5 years of experience managing supplier contracts and negotiating value improvements
• Minimum 5 years of experience with quantitative tools such as cost modeling and data analysis
• Ability to…