Principal Buyer, Indirect Procurement

Company: Shockwave Medical, Inc.
Location: Santa Clara
Posted on: November 13, 2024

Job Description:

Shockwave Medical, Inc. is a pioneer in the development and commercialization of Intravascular Lithotripsy (IVL) to treat complex calcified cardiovascular disease. Shockwave Medical aims to establish a new standard of care for medical device treatment of atherosclerotic cardiovascular disease through its differentiated and proprietary local delivery of sonic pressure waves for the treatment of calcified plaque.Position OverviewThe Principal Buyer, Indirect Procurement will work closely with Director of Procurement to partner across the business to develop and execute procurement strategies for indirect spend categories. This person will collaborate with various functions across the business. He/she will be responsible for developing a strategic approach to the procurement process for the purchase of indirect goods and services.Essential Job Functions

• Work with suppliers to negotiate optimal long term and blanket contracts.
• Research vendors to determine best options and make recommendations by evaluating total cost and quality of indirect products and services.
• Source suppliers, develop suppliers, and build mutually beneficial relationships with suppliers.
• Develop strategic sourcing/purchasing plans that support the future profitability of the business.
• Analyze current spend and find areas to improve service, reduce costs, and streamline purchasing procedures.
• Partner with various internal teams to drive cost savings initiatives; find creative cost-out solutions.
• Develop and execute sourcing strategies for highest spend, greatest complexity, and most critical/strategic categories.
• Ensure tactical execution of purchasing activities to meet routine business needs.
• Provide direction and support to teams for initiatives critical to the business.
• Identify and leverage company-wide spend opportunities.
• Develop implementation strategy, responsibility assignments, communication plans, and timelines.
• Conduct thorough spend analysis, develop methodology and metrics tools to track progress.
• Build relationships with key stakeholders to gather category requirements and specifications from departments and category subject matter experts.
• Create purchase orders and review invoices for payments.
• Collaborate with suppliers to resolve issues promptly.
• Develop departmental KPIs and reporting for executive review. Work with suppliers to establish KPIs and drive improvement in all areas measured within the supplier scorecard.
• Ensure all procurement activities comply with the Company's Code of Business Conduct & Ethics, procurement policies and procedures, and legal & ethical business practices.
• Other duties as assigned.Requirements
• Associate or Bachelor's degree in business or a related field
• 10+ years of related experience or combined equivalent educational qualification and experience.
• Strong logical and prioritizing skills required.
• Excellent written and verbal communication skills.
• Strong procurement, negotiation, and influencing skills.
• Successful track record in pricing and trading terms negotiation.
• Broad supplier benchmarking, spend and cost analysis knowledge.
• Self-motivated, results oriented, and strong team player capable of working independently and collaborating with cross-functional teams.
• Ability to build and establish effective relationships at all levels within the internal organization and external suppliers.
• Able to stay flexible and thrive in a fast-paced, rapidly changing environment.
• Outstanding analytical capabilities with proficiency in Excel and databases to extract, manipulate, and organize large datasets. Prepare and present business case comparisons to internal and external stakeholders.
• Experience working with ERP/MRP systems, Oracle preferred.
• CPM/CPSM Certification, highly preferred.Market Range: $121,000 - $151,000Exact compensation may vary based on skills, experience, and location.BenefitsShockwave Medical offers a competitive total compensation package as well as the following benefits and perks:Core Benefits: Medical, Dental, Vision, Pre-tax and Roth 401k options with a fully vested match, Short-Term and Long-Term Disability, and Life Insurance, Employer contribution toward Health Savings Account (HSA), Competitive PTO balancePerks: ESPP, Calm App, Pet Insurance, Student Loan Refinancing, Spot Bonus awardsEEO Employer
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Keywords: Shockwave Medical, Inc., Tracy , Principal Buyer, Indirect Procurement, Other , Santa Clara, California