Sourcing Specialist III - LSG Indirect

Procurement Sourcing Specialist III

As part of the Thermo Fisher Scientific team, you'll discover meaningful work that makes a positive impact on a global scale. Join our colleagues in bringing our Mission to life every single day to enable our customers to make the world healthier, cleaner and safer. We provide our global teams with the resources needed to achieve individual career goals while helping to take science a step beyond by developing solutions for some of the world's toughest challenges, like protecting the environment, making sure our food is safe or helping find cures for cancer.

The Procurement Sourcing Specialist III is responsible for developing sourcing strategy development, execution, contract negotiations and management for spend across indirect categories, with strong specialized knowledge of a specific category portfolio.

Key responsibilities

• Lead strategic and tactical sourcing activities with spend above but not limited to $1MM across multiple categories
• Manage contract lifecycle process (including uploading contracts, developing standard templates, and monitoring/tracking expiry)
• Manage catalog governance and procurement operations
• Craft negotiation strategies and close deals with optimal terms for assigned spend categories
• Research potential vendors, develop and execute RFPs.
• Partner with stakeholders to ensure clear requirements documentation is translated to RFP and contracts as appropriate
• Perform cost and scenario analysis, and benchmarking to inform sourcing decisions
• Negotiate contract terms of agreement and pricing delivering and record annual P&L savings
• Support projects assigned for various sourcing activities
• Track and report key functional metrics to reduce expenses and improve the effectiveness

Functional & technical skills

• Sourcing expert – strong experience with sourcing process, supplier management, contract negotiations and procure to pay operations
• Experience with ERP systems, spend analytics, eSourcing, and contract management systems required
• Excellent category-specific sourcing and category management skills in key portfolios of spend in Indirect (e.g., Clinical Services)
• Expert understanding of multi-step strategic sourcing processes and strategies
• Experience negotiating agreements/contracts with suppliers
• Understanding of procurement processes, tools, and best practices

Leadership / behavioral

• Thrive in an entrepreneurial environment – a self-starter who looks for ways to improve existing processes
• Strong customer service orientation, keen to deliver on internal customer needs
• Analytical thinker who makes decisions using data and insights – will need to prepare analysis to develop sourcing strategy/scenarios/savings

Education:

• Minimum Required Education: Bachelor's degree in related field or equivalent experience
• Minimum of 5 years of procurement/sourcing experience
• Professional certifications (CPSM, CSCP, CPM) are desirable
• Proven success executing strategic sourcing initiatives, supplier negotiations, and contract management
• Experience working in regulated industries like life sciences, medical devices, or pharmaceuticals preferred
• Strong analytical and data-driven decision making capabilities
• Proficiency with ERP systems, spend analytics, and procurement tools
• Excellent communication and relationship building skills
• Ability to build consensus and collaborate across global matrix organizations
• Demonstrated success in achieving cost savings and process improvements
• Strong project management capabilities
• Ability to travel 25-50% as required
• Fluency in English required; additional languages beneficial
• Comprehensive understanding of procurement best practices, processes and methodologies
• Experience with continuous improvement/lean methodologies
• Demonstrated negotiation and supplier relationship management skills
• Proficiency with Microsoft Office suite, especially Excel and PowerPoint

Compensation and Benefits

The salary range estimated for this position based in California is $83,300.00–$125,000.00.

This position may also be eligible to receive a variable annual bonus based on company, team, and/or individual performance results in accordance with company policy. We offer a comprehensive Total Rewards package that our U.S. colleagues and their families can count on, which includes:

• A choice of national medical and dental plans, and a national vision plan, including health incentive programs
• Employee assistance and family support programs, including commuter benefits and tuition reimbursement
• At least 120 hours paid time off (PTO), 10 paid holidays annually, paid parental leave (3 weeks for bonding and 8 weeks for caregiver leave), accident and life insurance, and short- and long-term disability in accordance with company policy
• Retirement and savings programs, such as our competitive 401(k) U.S. retirement savings plan
• Employees' Stock Purchase Plan (ESPP) offers eligible colleagues the opportunity to purchase company stock at a discount