Procurement/Sourcing Specialist III - Electronics

Work Schedule
Standard (Mon-Fri)

Environmental Conditions
Office

Job Description

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.

Excellent Benefits Package

Review our company's Total Rewards

Medical, Dental, & Vision benefits-effective Day 1

Paid Time Off & Holidays

401K Company Match up to 6%

Tuition Reimbursement - eligible after 90 days!

Employee Referral Bonus

Employee Discount Program

Recognition Program

Charitable Gift Matching

Company Paid Parental Leave

Career Advancement Opportunities

The Procurement Specialist II - Broker/Secondary Market manages and continuously improves the Electronic Component category spend. Collaborates with a cross-functional team of sourcing, operations, technical, finance and other key colleagues to prioritize sourcing initiatives, develops sourcing strategies, negotiates contracts, supports spend migration from incumbent to preferred suppliers, and manages preferred supplier relationships.

Scale of Responsibilities

• Drives global category initiatives to deliver key category performance indicators, including: savings, supplier rationalization, low-cost region sourcing, risk management, spend under agreement, joint innovation, supplier performance, etc
• Supports the execution of global sourcing strategies focused on identifying and contracting with preferred suppliers that meet key business needs and category management goals

Technical Responsibilities

• Monitors market intelligence and key trends, assesses impact and refines category plans to support business requirements
• Engages and supports division/site procurement teams and other key colleagues to qualify preferred suppliers & migrate spend from incumbent, non-preferred suppliers
• Analyzes category supplier performance data to find opportunities for supplier performance improvement and to establish continuous improvement goals
• Supports supplier business reviews with suppliers to ensure both parties meet obligations under the terms of agreement, including performance standards and continuous improvement goals
• Manages the impact of cost and risk when developing contracts
• Drives negotiations for global agreements aligned with category strategy

Leadership Responsibilities

• Collaborates with cross-functional colleagues (quality, technical, operations, finance, etc.) to ensure all category sourcing activities are aligned to a common set of goals and priorities

Education/Experience:

• Bachelor's degree in Business or technical field. Master's Degree is preferred
• Minimum of 5 years procurement/sourcing experience in mid to large multinational companies, with strong category/business engagement experience or
• Successful completion of a Thermo Fisher Leadership Development Program
• Business insight - knows how to assess market/business requirements dynamics and negotiate agreements that yield meaningful business value
• Experience working in highly regulated industries
• Experience in a continuous improvement environment with a track record of achieving significant year over year results
• Demonstrated consultative/collaborative style in performing sourcing activities
• Influences without authority to motivate and manage a cross-functional team in multiple geographies.
• CPSM or equivalent is preferred
• Hands-on manufacturing and/or supply chain experience is preferred
• Experience in life sciences, medical device, or pharmaceutical industries is preferred
• Ability to travel 25 to 50%