Terumo Cardiovascular Group
Strategic Sourcing Manager
Terumo Cardiovascular Group, Elkton, Maryland, us, 21922
Terumo Medical Corporation (TMC) develops, manufactures, and markets a complete, solutions-based portfolio of high-quality medical devices used in a broad range of applications for numerous areas of the healthcare industry. TMC places a premium on providing customers with world-class products, training and education programs that drive clear economic value, better clinical outcomes and improved quality of life for patients. TMC is part of Tokyo-based Terumo Corporation; one of the world’s leading medical device manufacturers with $6+ billion in sales, 30,000+ employees worldwide and operations in more than 160 nations.As a Strategic Sourcing Manager at Terumo Medical Corporation, you'll be instrumental in shaping procurement strategy for Products and overseeing essential commodities. Reporting directly to the Director of Procurement, you'll closely partner with the Engineering and Operations leads of the Medical Devices Business unit or the value streams to ensure seamless alignment between sourcing activities and business objectives.Responsibilities
Procurement lead for the business units. Represent procurement at functional-level meetings. Drive continuous improvement initiatives within the procurement function to optimize procurement processes and increase sourcing efficiencies.Cultivate and maintain strategic relationships with key suppliers to ensure alignment with TMC's goals and manage supplier KPI’s.Negotiate contracts and agreements with suppliers to secure favorable terms and conditions.Lead workshops and facilitate cross-functional meetings to drive innovation in product design, materials, and manufacturing processes.Implement sustainability measures in sourcing activities to support Terumo Medical Corporation's environmental and social responsibility goals.Ensure that supplier-related risks - cost, quality, and delivery are controlled and mitigated.Continuously assess market trends and product/material enhancement opportunities.Develop/deploy commodity strategies. Coordinates inputs and decisions for make or buy analysis outcome.Support the Supplier Quality Manager in new supplier component release/Supplier selection process.Build superior capability, agile and resilient supplier bases that foster a competitive advantage for TMC.Ability to travel up to 10-25% domestically and internationally with an overnight stay.Knowledge, Skills and Abilities (KSA)
Analytical mindset with the ability to leverage data and market insights to drive decision-making.Strong communication and interpersonal skills, with the ability to collaborate effectively across functional teams.Six Sigma Blackbelt or Certification in procurement or supply chain management (e.g., CPSM, CSCP) is a plus.Knowledge of Advanced Product Quality Plan (APQP), including compliance and sustainability aspects.Motivated, self-driven with a determination to succeed and the ability to manage change.Qualifications/ Background Experiences
Bachelor’s degree in engineering, Business Administration, Supply Chain Management, or related field. Master's degree preferred.10 years of experience in procurement, strategic sourcing, supplier management, or related roles, preferably in a technology-driven industry.Proven track record of success in driving procurement strategy and managing supplier relationships.Strong negotiation skills and ability to influence stakeholders at all levels of the organization.Excellent project management skills with the ability to prioritize and manage multiple initiatives simultaneously.Demonstrated knowledge of manufacturing processes for commodities such as Metals, Plastics, Extrusion, Chemicals, Hardware, Sterilization, resins, etc.It is Terumo’s policy to provide equal employment opportunity to all its employees and applicants for employment regardless of their race, creed, color, national origin, age, ancestry, nationality, marital or domestic partnership or civil union status, sex, pregnancy, gender identity or expression, disability status, liability for military service, protected veteran status, sexual orientation, atypical cellular or blood trait, genetic information (including the refusal to submit to genetic testing), or any other category protected by law.
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Procurement lead for the business units. Represent procurement at functional-level meetings. Drive continuous improvement initiatives within the procurement function to optimize procurement processes and increase sourcing efficiencies.Cultivate and maintain strategic relationships with key suppliers to ensure alignment with TMC's goals and manage supplier KPI’s.Negotiate contracts and agreements with suppliers to secure favorable terms and conditions.Lead workshops and facilitate cross-functional meetings to drive innovation in product design, materials, and manufacturing processes.Implement sustainability measures in sourcing activities to support Terumo Medical Corporation's environmental and social responsibility goals.Ensure that supplier-related risks - cost, quality, and delivery are controlled and mitigated.Continuously assess market trends and product/material enhancement opportunities.Develop/deploy commodity strategies. Coordinates inputs and decisions for make or buy analysis outcome.Support the Supplier Quality Manager in new supplier component release/Supplier selection process.Build superior capability, agile and resilient supplier bases that foster a competitive advantage for TMC.Ability to travel up to 10-25% domestically and internationally with an overnight stay.Knowledge, Skills and Abilities (KSA)
Analytical mindset with the ability to leverage data and market insights to drive decision-making.Strong communication and interpersonal skills, with the ability to collaborate effectively across functional teams.Six Sigma Blackbelt or Certification in procurement or supply chain management (e.g., CPSM, CSCP) is a plus.Knowledge of Advanced Product Quality Plan (APQP), including compliance and sustainability aspects.Motivated, self-driven with a determination to succeed and the ability to manage change.Qualifications/ Background Experiences
Bachelor’s degree in engineering, Business Administration, Supply Chain Management, or related field. Master's degree preferred.10 years of experience in procurement, strategic sourcing, supplier management, or related roles, preferably in a technology-driven industry.Proven track record of success in driving procurement strategy and managing supplier relationships.Strong negotiation skills and ability to influence stakeholders at all levels of the organization.Excellent project management skills with the ability to prioritize and manage multiple initiatives simultaneously.Demonstrated knowledge of manufacturing processes for commodities such as Metals, Plastics, Extrusion, Chemicals, Hardware, Sterilization, resins, etc.It is Terumo’s policy to provide equal employment opportunity to all its employees and applicants for employment regardless of their race, creed, color, national origin, age, ancestry, nationality, marital or domestic partnership or civil union status, sex, pregnancy, gender identity or expression, disability status, liability for military service, protected veteran status, sexual orientation, atypical cellular or blood trait, genetic information (including the refusal to submit to genetic testing), or any other category protected by law.
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