Strategic Sourcing Specialist II - Bracco Medical Technologies

Bracco

Eden Prairie, Minnesota

JOB DETAILS
SALARY
$89,000–$97,000 Per Year
SKILLS
Alliance/Partner Management, Auditing, Business Administration, Business Processes, Candidate Sourcing, Communication Skills, Continuous Improvement, Contract Management, Contract Manufacturing, Contract Negotiation, Contract Requirements, Cost Analysis, Cost Control, Cross-Functional, ERP (Enterprise Resource Planning), Engineering Change Order, Establish Priorities, Finance, Forecasting, High School Diploma, Interpersonal Skills, Inventory Costs, Inventory Levels, Life Insurance, Logistics, Maintain Compliance, Manufacturing, Manufacturing Management, Manufacturing Operations Management, Medical Equipment, Operations Planning, Organizational Skills, Outsourcing, Performance Management, Performance Metrics, Performance Tuning/Optimization, Plan Meetings, Presentation/Verbal Skills, Problem Solving Skills, Process Improvement, Procurement Planning, Product Costing, Product Lifecycle Management, Product Support, Product/Service Launch, Regulations, Regulatory Compliance, Risk Management, Sales & Operations Process (S&OP), Sales Operations, Sales Support, Service Level Agreement (SLA), Sourcing Strategy, Supplier Relationship Management (SRM), Supply Chain, Supply Chain Management, Supply Chain Operations, Technical Support, Time Management, Vendor/Supplier Evaluation, Vendor/Supplier Relations, Vision Plan, Warehousing, Writing Skills, eCos
LOCATION
Eden Prairie, Minnesota
POSTED
6 days ago

Why Join Bracco Medical Technologies?

We care as much about our employees as we do our patients. Our culture fosters a work environment where employees can thrive, be passionate and have fun along the way.  Each member of the Bracco Medical Technologies team has the power to make a difference......every day!

The Sourcing Specialist is responsible for managing the commercial and operational relationship with assigned contract manufacturing (CM) partners to ensure uninterrupted supply of outsourced systems and assemblies. This role serves as the primary supply chain liaison between internal cross-functional teams and external manufacturing partners, driving supplier performance, inventory optimization, cost management, and issue resolution while supporting new product introductions and lifecycle management.

The ideal candidate combines strong sourcing, procurement, planning, and supplier relationship management skills with the ability to manage complex manufacturing partnerships in a regulated manufacturing environment.

Primary Duties & Responsibilities:

Contract Manufacturer Management

  • Serve as the primary point of contact for assigned contract manufacturers
  • Manage the supply chain for outsourced finished systems and subassemblies
  • Conduct regular business reviews to evaluate supplier performance, capacity, quality, delivery, and cost
  • Monitor supplier KPIs including:
    • On-Time Delivery (OTD)
    • Lead Time Performance
    • Inventory Levels
    • Cost Reduction
    • Quality Performance
    • Forecast Accuracy
  • Escalate supply risks and develop mitigation plans

Supply Planning & Forecast Management

  • Communicate forecasts and production requirements to contract manufacturers
  • Collaborate with planning teams to ensure suppliers have adequate capacity and material availability
  • Monitor inventory at both internal warehouses and contract manufacturer locations
  • Manage safety stock strategies and recommend inventory optimization opportunities
  • Support Sales & Operations Planning (S&OP) activities by providing supplier updates and capacity insights

Supplier Relationship Management

  • Build strong working relationships with contract manufacturers and key suppliers
  • Coordinate weekly operational meetings and quarterly business reviews
  • Drive continuous improvement initiatives with suppliers
  • Monitor supplier compliance with contractual obligations and service level agreements
  • Support supplier audits and performance improvement plans
  • Analyze product costs and identify cost savings opportunities
  • Participate in contract negotiations and amendments
  • Monitor purchase price variance (PPV) and investigate significant changes

Cross-Functional Collaboration

  • Partner with Engineering, Manufacturing, Quality, Regulatory, Logistics, Planning and Finance teams
  • Support Engineering Change Orders (ECOs), product transfers, and New Product Introductions (NPI)
  • Coordinate implementation of design changes with contract manufacturers
  • Ensure uninterrupted product supply during product transitions

Does this position have supervisory authority?  Yes       No 

Qualifications (Knowledge, Skills & Abilities): 

Minimum

  • Bachelor’s degree, preferably in Business Administration, Supply Chain, Operations, or Finance PLUS a minimum of 3 yrs experience in a supply chain role with supplier interaction. In lieu of degree, a high school diploma PLUS a minimum of 6 yrs experience in a supply chain role with supplier interaction may also be considered.
  • Minimum of 1+ yr experience in a medical device manufacturing or similar regulated environment.
  • Global sourcing experience.
  • Working knowledge of business processes and ERP/MRP systems.
  • Strong interpersonal skills and ability to develop and maintain relationships across all levels both within and outside of the organization.
  • Advanced organizational skills, with ability to rapidly prioritize in a changing environment.
  • Ability to work both autonomously with limited supervision and as part of a team.
  • Advanced verbal and written communication skills with demonstrated ability to influence and maintain high levels of communication and feedback with peers, management and various stakeholders

Preferred:

  • B.S. in Supply Chain Management
  • 3-5 Years experience in Sourcing and Supply Chain in a medical device manufacturing company
  • Managing outsourced manufacturing operations
  • Working with global contract manufacturers
  • Leading supplier business reviews (QBRs)
  • Supporting new product launches and product transfers

Compensation & Total Rewards: 

Estimated Starting Salary Range: $89,000 - 97,000

*Estimated Starting Salary Range is reflective of the range Bracco Medical Technologies reasonably expects to pay for the position. The range provided is based on salary and market data specific to the position.

Total Rewards:

  • Paid Time Off, Company Holidays & Paid Family Leave – We provide PTO and Company Holidays to help you recharge, relax and do what’s important to you, when it’s important to you. Our 100% paid family leave options for parents, grandparents and eligible family members provide support for growing families as well.

  • Achieve – Beyond competitive compensation, we offer options to help you plan for a financially secure future, including an annual incentive plan and 401k savings plan contributions.

  • Live well – We offer comprehensive benefit options to help protect you along the way, including medical, dental, vision, and life insurance, employer HSA contributions, employee assistance program, short-term disability, etc.

  • Evolve – Through structured on-the-job learning, workshops, seminars, and our tuition reimbursement program, you’ll find many opportunities to grow, personally and professionally.

  • Choose – You won’t find “stuffy” here—whether your position requires a hybrid or in-the-office working arrangement. That means business casual for your attire and flexibility in your schedule, wherever possible.

Bracco Medical Technologies is an Affirmative Action/Equal Opportunity Employer. Bracco Medical Technologies desires priority referrals of protected veterans for all openings.

About the Company

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Bracco