Senior Sourcing Manager

Our mission at the company is to empower every person to own their inner potential. Our award-winning products help our global community gain a deeper knowledge of their readiness, activity, and sleep quality by using their the company Ring and its connected app. We've helped millions of people understand and improve their health by providing daily insights and practical steps to inspire healthy lifestyles. Empowering the world starts with living our values and empowering our team. As a quickly growing company focused on helping people live healthier and happier lives, we ensure that our team members have what they need to do their best work — both in and out of the office. Working as a key member of the Sourcing team, the CapEx Sourcing Manager will focus on the Capital Expenditure (CapEx) Category Management, leading sourcing initiatives for manufacturing equipment, tooling, automation, and test systems critical to the company’s new product introduction and mass production readiness. This role partners closely with Engineering, Manufacturing Operations, and Finance to ensure that all capital investments meet business requirements for cost, quality, scalability, and reliability. What You Will Do: Develop and implement commercial strategies for capital equipment, tooling, and manufacturing systems used across the company’s global contract manufacturing network. Identify and drive reuse, standardization, and cost-optimization opportunities to minimize overall capital spend. Build and execute sourcing strategies that balance cost efficiency, innovation, lead-time, scalability, and long‑term supplier capability to support the company’s growth, new product introductions (NPI), and technology roadmap. Develop a deep understanding of equipment and tooling technologies used in high‑precision manufacturing, automation, and enclosure production. Continuously monitor market trends, supplier capabilities, and emerging technologies to identify opportunities for process improvement, equipment reuse, and cost reduction. Identify, qualify, and manage strategic supplier relationships. Conduct business reviews, supplier capability assessments, and drive alignment on performance metrics, continuous improvement, and innovation initiatives. Lead commercial negotiations and contracting for all CapEx‑related procurements, including equipment, tooling, installation, and service agreements. Ensure compliance with NDAs, T&Cs, and lifecycle cost management best practices. Develop and maintain cost models, should‑cost analyses, and benchmarking frameworks for capital investments, incorporating total cost of ownership (TCO), depreciation, and ROI analysis. Support budget planning and forecasting across global programs. Partner with Hardware Engineering, NPI Manufacturing, and Operations to define technical and functional specifications for equipment and tooling, and ensure supplier deliverables align with the company’s production readiness timelines. Champion continuous improvement in sourcing processes, supplier engagement, and capital investment governance. Support system adoption, asset reuse, and global alignment on equipment lifecycle management practices. Influence cross‑functional teams to implement best‑in‑class CapEx management methodologies. This is a hybrid role out of our San Francisco office. What you'll bring 5+ years of experience in strategic sourcing, procurement, or category management, with a focus on CapEx, equipment, or manufacturing systems Bachelor’s degree in Supply Chain, Engineering, Business, or related field Proven track record in supplier negotiations, RFQ/RFP management, and contracting Strong understanding of manufacturing processes, automation systems, and tooling Excellent analytical, financial modeling, and project management skills Exceptional collaboration and communication skills with cross‑functional teams Nice to have: A strategic mindset with the ability to balance cost, quality, and speed Comfort navigating ambiguity in a fast‑paced hardware development environment Passion for building scalable sourcing systems and supplier partnerships that enable world‑class manufacturing performance Benefits At Ōura, we care about you and your well‑being. Everyone here at Ōura has a ring of their own and we are continually looking to improve employee health. What we offer: Competitive salary and equity packages Health, dental, vision insurance, and mental health resources An Ōura Ring of your own plus employee discounts for friends & family 20 days of paid time off plus 13 paid holidays plus 8 days of flexible wellness time off Paid sick leave and parental leave Ōura takes a market‑based approach to pay, which may vary depending on your location. US locations are categorized into tiers based on a cost of labor index for that geographic area. While most offers will be closer to the starting range, successful candidates' pay will be determined based on job‑related skills, experience, qualifications, work location, internal peer equity, and market conditions. These ranges may be modified in the future. Region 1 $172,550- $203,000 We are not considering candidates residing in the following states: Alaska (AK), Delaware (DE), Iowa (IA), Mississippi (MS), Nebraska (NE), South Dakota (SD), West Virginia (WV), and Wisconsin (WI). the company is proud to be an equal opportunity workplace. We celebrate diversity and are committed to creating an inclusive environment for all employees. Individuals seeking employment at the company are considered without regard to age, ancestry, color, gender (including pregnancy, childbirth, or related medical conditions), gender identity or expression, genetic information, marital status, medical condition, mental or physical disability, national origin, protected family care or medical leave status, race, religion (including beliefs and practices or the absence thereof), sexual orientation, military or veteran status, or any other characteristic protected by federal, state, or local laws. We will not tolerate discrimination or harassment based on any of these characteristics. We will work to ensure individuals with disabilities are provided reasonable accommodation to participate in the interview process, to perform essential job functions, and to receive other benefits and privileges of employment. #J-18808-Ljbffr Oura