Sourcing Lead, New Product Introduction - Cary, Illinois
Location: Cary, Illinois
Internal Number: R454698
COVID-19 vaccination requirements
Stryker is driven to work together with our customers to make healthcare better. In order to fulfill our commitment as a federal contractor, while focusing on the health and safety of our employees and those that we serve, COVID-19 vaccines will be required for all Stryker US employees effective January 4, 2022, as well as all new US employees joining our company. Fully vaccinated persons are those who are >=14 days post-completion of the primary series of an FDA-authorized COVID-19 vaccine. If you are applying to a sales and field role which requires access to customer accounts as a function of your job, you may be required, depending on customer requirements, to obtain the COVID-19 vaccination before the January 4 effective date of Stryker's vaccine policy. For more information, please visit our COVID-19 Vaccination Requirements FAQs page.
Why join Stryker?
We are proud to be named one the World’s Best Workplaces and a Best Workplace for Diversity by Fortune Magazine! Learn more about our award-winning organization by visiting stryker.com
Our benefits include bonuses; commissions; healthcare; insurance benefits; retirement programs; stock based plans; paid time off plans; family and parenting leaves; tuition reimbursement; wellness programs; onsite fitness centers and cafeterias; discount purchase programs; and service and performance awards – not to mention various social and recreational activities.
Why supply chain at Stryker?
As a member of our Supply Chain team, you will make a daily impact on the lives of others. Apply today and you will get a chance to work with high-functioning, driven people who all have the same mission of making healthcare better.
Who we want-
Motivated product launchers. People who bring strategic direction and drive execution to ensure quality products are developed and launched with precision.
Strategic thinkers. People who enjoy analyzing data or trends for the purposes of planning, forecasting, advising, budgeting, and reporting.
Collaborative partners. People who build and leverage cross-functional relationships internally and externally through the supply chain to bring together ideas, data and insights to develop products, processes, and practices.
Analytical problem solvers. People who go beyond to identify, recommend, and evaluate optimal solutions to delivery results and improve processes.
Dedicated achievers. Relentless about quality, people who thrive in a fast-paced environment and will stop at nothing to ensure a project is complete and meets regulations and expectations.
What you will do-
As the Sourcing Lead, you will be the technical liaison between our R&D group and our supply base for sourced components and products. You will be responsible for developing and ramping up the supply base for new product introductions, ensuring that all components are purchased for engineering builds as well as production. Responsibilities will include should cost analysis, material cost negotiations, material cost reports and schedules. Additional responsibilities will include supply base risk mitigation activities and cost savings identification. You will work with R&D, quality, operations, and the supply chain to ensure clarity of requirements through collaboration and communication. You will be responsible for all procurement related project activities.
Ensure project teams adhere to strategic direction of Global Sourcing, purchasing controls and regulatory requirements related to development projects
Negotiate and implement contracts and agreements (NDA's, SOW's, developmental agreements) supporting R&D
Execute RFQ's and business award
Perform formal supply chain risk analysis and propose and develop mitigation strategies
Negotiate supplier cost reductions and NRE reductions during product development and continuous cost reduction initiatives through the project lifecycle
May lead supplier portions of the projects
What you need-
Bachelor's degree in Engineering, or Supply Chain Management, required
4 years engineering or supply chain management supporting new product introductions, required
Medical Device, Pharmaceutical or other highly regulated industry experience, highly preferred
Influencing and negotiation skills
Ability to negotiate effectively to obtain best prices and terms on products, materials, and services
Ability to effectively communicate and collaborate within all levels of the organization
Ability to read, interpret and translate engineering drawings
Ability to recognize risks and propose and develop contingency plans
Stryker is one of the world's leading medical technology companies and, together with our customers, we are driven to make healthcare better. The Company offers a diverse array of innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. Stryker is active in over 100 countries around the world.
Together with our customers, we are driven to make healthcare better.
At Stryker, quality is first in everything we do. We are driven to make healthcare better for our customers by
providing innovative products and services that meet regulatory requirements through our effective quality system.
The Company was founded in 1941 by Dr. Homer Stryker and incorporated in 1946 as the Orthopedic Frame Company. In 1964, the Company’s name was changed to Stryker Corporation.
• $13.6 billion in annual sales in 2018; annual revenue has grown for 39 straight years
• 17.1% CAGR (compound annual growth rate) in sales over 39 years
• ~36,000 employees globally in 2018
• 43 manufacturing and research & development locat...ions worldwide
• Included in the Standard & Poor’s 500 Index
• Ranked # 233 on Fortune Magazine’s “FORTUNE 500” list for 2019
• Ranked # 3 on Fortune Magazine’s “World’s Most Admired Companies” list for the “Medical Equipment” industry for 2019
• Ranked # 11 on Fortune Magazine’s “100 Best Companies to Work For” list (U.S.) for 2019
• Spent $862 million on R&D in 2018
• 7,784 patents owned globally in 2018
• Initial public offering of stock was in 1979
• Listed on the New York Stock Exchange under ticker SYK