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Why join Stryker?
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Job description
What you will do-
- Own the development and implementation of NPI sourcing strategies for assigned projects of increased complexity, utilizing agreed tools and processes
- Perform sourcing analysis and selection process utilizing the agreed tools, including financial and non-financial inputs as required for clear sourcing decisions. Demonstrate insight and understanding of component cost drivers to develop negotiation strategies
- Own/Lead the negotiation of contracts (i.e. Supply Agreement, Development Agreements) per guidelines
- Develop strong relationships with suppliers and stakeholders in scope for the project, and serve as a primary escalation point
- Appropriate advocate on behalf of supplier within the organization by providing a balanced viewpoint and holding suppliers accountable as appropriate and lead cross functional teams to resolve issues
- Lead/Own procurement activities for new product launches [supplier selection, requests for quotes, negotiations, awards, cost management, launch readiness and handover to sustaining procurement
- Assure costs are tracked throughout the project, standards are accurately implemented and savings are captured for handover. Alignment with Finance, Supply Planning, Purchasing to ensure parts are set up with all appropriate attributes
- Effectively and timely communicate expectations to suppliers and escalate risks to project teams or management as needed
- Driving change to mitigate risks, understanding of key challenges, and voicing concerns to project leadership, divisional sourcing, global category
- Identify savings opportunities during launch planning and future savings opportunities for sustaining sourcing
- Identify gaps/opportunities to support procurement strategy and collaborate with global stakeholders to resolve
- Develop business case proposals to support future transfers, dual sourcing, design changes, etc.
What you need-
- Bachelor's degree - required
- 6+ years of experience - required
- Financial analysis and negotiation skills required at complex levels
- Strategic analysis skills
- Understanding of procurement strategy
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 and Orthopaedics 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.
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