NPI Sourcing Lead, Procurement (Hybrid)

What you will do

The NPI Sourcing Lead (Hybrid) will provide input and analysis into the strategic sourcing activities of assigned suppliers and/or commodities; with goal to obtain the best quality, service, and value for products and services through effective bidding, negotiation, and supplier management. The NPI Sourcing Lead will support and may lead the implementation of NPI project launches by utilizing a global tool kit, evaluating cost reduction ideas, supply base optimization, contract negotiations, global strategies, and supplier risk assessments.

They will be responsible for coordinating sourcing needs for new product development projects, including completion of supplier selection with agreement to Global Sourcing Strategy, regularly reporting material costs, managing schedules, and defining final material logistics.  Acts as liaison for all sourcing activities to Design and Advanced Operations teams. This is a hybrid role. We are seeking a candidate in Cary, Il or the surrounding area. The employee is expected to be physically present at the Stryker location 3 days per week but has the flexibility to work from home 2 days per week.

• Support development and implementation of NPI sourcing strategies for assigned projects supporting KPI’s, utilizing agreed tools and processes

• Perform sourcing analysis and selection process utilizing the agreed global tools, including financial and non-financial input as required for clear sourcing decisions

• Support implementation of contracts (i.e. Pricing Schedule, SOW, pricing agreements) per guidelines

• Develop strong relationships with suppliers and stakeholders in scope for the project

• Appropriate advocate on behalf of supplier within the organization by providing a balanced viewpoint and holding suppliers accountable as appropriate

• Support new product launches; supplier selection, requests for quotes, negotiations, awards, cost management, launch readiness, material supply management and handovers to sustaining procument.

• Participate in supplier negotiations, focused on cost reductions. Driving RFQ’s, analyzing and assuring costs are tracked throughout the project, standards are accurately implemented and savings are captured for handovers

• Effectively and timely communicate expectations to suppliers, escalate supply chain risks to project teams and management as needed, while developing mitigation plans in support of identified risks

What you need

Required Qualifications

• Bachelor’s degree in supply management, Business, Finance, Operations management, Engineering or related field.

• 4 years of professional experience, of which at least 1 year is in strategic sourcing, supply management and supplier development

• Ability to negotiate effectively to obtain best prices and terms on products, materials, and services

• Knowledge and application of supplier contract strategy, negotiations, contractual terms and contract administration

Preferred Qualifications

• Demonstrated knowledge of new product development process

• Strong understanding of procurement/strategic commodity management

• Medical device, pharmaceutical or other highly regulated industry experience

• Manufacturing management, buying, production planning experience

85,500.00 - 142,500.00 salary plus bonus eligible + benefits. Individual pay is based on skills, experience, and other relevant factors.

Health benefits include: Medical and prescription drug insurance, dental insurance, vision insurance, critical illness insurance, accident insurance, hospital indemnity insurance, personalized healthcare support, wellbeing program and tobacco cessation program. Financial benefits include: Health Savings Account (HSA), Flexible Spending Accounts (FSAs), 401(k) plan, Employee Stock Purchase Plan (ESPP), basic life and AD&D insurance, and short-term disability insurance. Stryker offers innovative products and services in MedSurg, Neurotechnology, Orthopaedics and Spine that help improve patient and healthcare outcomes. Alongside its customers around the world, Stryker impacts more than 150 million patients annually. Depending on customer requirements employees and new hires in sales and field roles that require access to customer accounts as a function of the job may be required to obtain various vaccinations as an essential function of their role.