Senior Strategic Sourcing Manager
Breg, IncJoin Our Team and Keep Moving Forward with Breg! At Breg, we are dedicated to advancing orthopedic solutions that enhance the lives of patients and support healthcare professionals. As a leader in the orthopedic industry, we provide innovative products, consulting, technology, and services that help people move forward with confidence. We are currently seeking a Senior Strategic Sourcing Manager to join our team in Carlsbad, CA . If you thrive in a dynamic environment where innovation and impact go hand in hand, this is the opportunity for you. Who You Are You are a forward-thinking professional who values collaboration, innovation, and making a meaningful difference. You bring expertise in ownership and accountability, the ability to plan, execute, control and deliver, communicate effectively, work under tight deadlines while maintaining a high level of accuracy and are eager to contribute to a team that is committed to delivering exceptional patient outcomes. What You’ll Do Evaluates sourcing procedures and presents improvement strategies to senior management for approval. Analyzes and calculates procurement costs and developing cost reduction strategies. Assess supplier and category spend to identify opportunities for consolidation, leverage, standardization, and improved commercial terms. Drives purchasing decisions based on cost and scenario analysis, as well as market trends. Negotiates contracts with key suppliers, including costs and terms of supply, service, and quality. Develop and maintain fact-based should-cost models using material, labor, overhead, tooling, logistics, and market inputs to establish cost targets, evaluate supplier quotations, support negotiations, and identify cost-reduction opportunities. Collaborates with the procurement department to identify and pursue new supplier opportunities. Conducts market research, as well as creating cost estimates and forecasts. Maintains strategic sourcing relationships and developing strong partnerships. Helps define and implement the organization’s overall sourcing strategy and builds value-driven vendor partnerships focusing on risk management, reliability, and cost-effectiveness. Develops vendor partnerships, sets KPI’s and goals and utilizes scorecards to measure and evaluate vendor performance. Plans and leads Quarterly Business Reviews (QBRs) with strategic and underperforming suppliers, including performance trends, corrective actions, capacity, risk, and improvement roadmaps. Explores and obtains new sources, methods, and vendors to ensure a reliable supply of materials. Studies market intelligence and conducts frequent market analysis and benchmarking to anticipate price fluctuations. Leads contingency planning efforts for negotiation, allocation and management of production when supply is limited. Coordinates risk mitigation actions such as safety stock, alternate materials, backup tooling, capacity reservations,and supplier recovery plans. Drives projects for the optimization of demand management and inventory availability, including minimizing cost while maximizing service levels. Collaborates with various internal teams, including Sales, Marketing, Operations, Engineering and Finance, to support various business processes to ensure the effectiveness of the supply chain organization. Responsible for behaving in a professional manner both internally and externally in relationships that positively impact the company's reputation and comply with the company's policies and practices. Responsible for being accountable and committed to demonstrating Breg’s cultural beliefs and achieving the key results of the company. Responsible for promoting Breg's culture within the organization using established tools such as storytelling, providing focused feedback, and recognition. The performance of the position is aligned with the culture of commitment and accountability, following the steps of: See it, Own it, Solve it, and Do it. What You Brin…