Sourcing Director - Private Label Category

Overview

Our client in the medical equipment manufacturing industry is looking for a Sourcing Director to join their team. The Sourcing Director for private label will be responsible for standing up and leading a sourcing team of individuals and implementing best‑in‑class practices and policies for sourcing. This role is critical in ensuring the procurement of high‑quality products while maintaining cost‑efficiency and meeting regulatory requirements.

Sourcing Director

Mendota Heights, MN

$70-75/hour

• Develop best-in-class frameworks, tools, policies, analytics for the organization to leverage with both incumbents and new suppliers.
• Lead a team of sourcing individuals focused on category sourcing strategies, supplier relationship, analytics, cost management, product lifecycle management.
• Develop a strategic roadmap for sourcing capability enhancements, strategic sourcing goals within a budget year and within long‑range plan. Execute against the plan to ensure delivery against strategic and financial goals.

• 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.
• Monitor 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.
• Collaboration with internal teams:
  Work closely with Sales, Marketing, Product Development 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.

• Lead development of analytics and reporting requirements for the team.

• Bachelors degree in business, Supply Chain Management, Healthcare Administration, or related field. Masters degree preferred.
• Minimum of 10+ years of experience in sourcing, procurement, or supply chain management, ideally in healthcare, medical device, or pharmaceutical industries.
• At least 5 years of experience managing private label categories, with a proven track record of successful vendor negotiations, cost management, and product development.
• Strong experience with cost modeling (ie should cost, cost plus etc) and competitive bidding processes (RFP, RFQ, RFI, 3 bids and buy) to optimize pricing and supplier selection.
• In-depth knowledge of private label…