Strategic Sourcing Director

Job Description

Job Description

About Spectrum Vascular

Spectrum Vascular is an innovative medical device company focused on vascular access and medication management. Our mission is to improve the lives of patients worldwide by providing caregivers with high quality, innovative products with exceptional customer service. We are a company that was formed through the acquisition of a portfolio of trusted products that have been widely used by customers for decades. Innovation has been a core strategic pillar throughout our history and many of our products have been designed to deliver antimicrobial and antithrombogenic protection or to support certain patient populations such as those who are critically ill and pediatrics. This role represents a unique opportunity to join a dynamic and growing team with established products and an entrepreneurial mindset.

Role Description:

The Strategic Sourcing Director will be responsible for overseeing and optimizing all aspects of procurement, production planning, scheduling and supply chain management. This role requires a strategic thinker with extensive experience in supply chain to ensure efficient and effective operations. The ideal candidate will have a proven track record of leading teams, improving processes, and achieving operational excellence in a highly regulated environment. The successful incumbent will develop and implement a strategy to ensure that critical processes run effectively and achieve organizational goals and performance KPIs. This includes negotiating with vendors to obtain optimal contracts and pricing. Utilizing data monitoring and analytics, the Supply Chain Director will evaluate past performance and trends to forecast inventory and distribution requirement assuring coordination among vendors, contract manufacturing, sterilizer, and the 3PL warehouse.

Essential Duties and Responsibilities

· Leadership: Oversee all aspects of supply chain operations, including procurement, logistics, inventory management, selection of vendors, order fulfillment and distribution of finished goods.

· Collaborate: Strong interface and collaboration with contract manufacturing and distribution within Spectrum Vascular's supply chain.

· Procurement: Oversee the end-to-end procurement process, including supplier selection, management of the RFP process, contract negotiation, and contract management, ensuring the timely and cost-effective acquisition of materials and services. Develop and maintain strong relationships with key suppliers to ensure a reliable supply chain.

· Production Planning and Scheduling: Work with the Contract Management Organization (CMO) to develop and implement production plans and schedules to meet customer demand and optimize resource utilization. Monitor production schedules and adjust as needed to ensure timely delivery of products. Collaborate with production, quality, and regulatory teams to resolve any scheduling conflicts or issues.

· Supply Chain Management: Lead the supply chain team in managing inventory levels, logistics, and distribution. Implement best practices in supply chain management to improve efficiency and reduce costs. Monitor key performance indicators (KPIs) and implement corrective actions as needed.

· Risk Management: Identify potential risks in the supply chain such as delays in raw material delivery, regulatory changes, or quality issues. Develop contingency plans to mitigate these risks and maintain continuity in the supply chain.

· Team Leadership: Lead, mentor, and develop a high-performing internal and external team of supply chain professionals. Foster a culture of continuous improvement and operational excellence. Set clear goals and objectives for the team and monitor performance.

● Product Complaint Notification: interaction with Quality for triage and Customer Service / 3PL to coordinate product returns and investigation.

● Process Improvement: Continuously review and optimize supply chain processes to improve efficiency, reduce costs, and enhance overall performance.

● Compliance and Regulation: Ensure that all activities adhere to regulatory requirements and quality standards imposed by regulatory bodies like the FDA (Food and Drug Administration) or other relevant agencies. This involves maintaining accurate records and documentation.

Education and Experience

· Education: Bachelor's degree in Supply Chain Management, Business Administration, or a related field (or equivalent experience). Master's degree preferred.

· Experience: Minimum of 15 years of experience in production planning, procurement, and supply chain management, preferably in the medical device, pharmaceutical or biosimilar industry.

Skills and Knowledge:

● Extensive experience with SAP preferred.

● Strong leadership and team management skills.

● Excellent analytical and problem-solving abilities.

● Thorough understanding of supply chain management and planning principles

● Ability to analyze complex data, forecast demand, and make data-driven decisions to optimize production and planning processes.

● Hands-on, roll-up-your-sleeves approach with a high sense of urgency and drive for results

● Demonstrated communication, problem-solving, leadership, and negotiation/decision - making skills.

● Ability to think outside of the box and challenge the status quo.

● Natural entrepreneurial spirit with unrelenting dedication to delivering results.

● Desire to work in a fast-paced and innovative environment.

● Natural collaborator who enjoys working on a cross-functional team

Work Environment:

● Travel – up to 35%

Spectrum Vascular is an Equal Opportunity Employer and committed to creating a diverse and inclusive company culture. Spectrum Vascular does not discriminate against candidates and employees because of their disability, sex, race, gender identity, sexual orientation, religion,
national origin, age, veteran status, or any other protected status under the law.