Sourcing Specialist (NPD)

Position Summary: This position is responsible for driving supply chain cost effectiveness and performance improvement with suppliers, while minimizing supplier risks for assigned categories. Their core focus will be on proactively identifying leverage opportunities, driving supplier actions that deliver value to diverse stakeholders. The successful candidate will develop key strategic relationships with suppliers to support global sourcing, manufacturing, and new product development strategies. The successful candidate will have a close working relationship and collaboration with the global strategic sourcing, manufacturing, quality, operational procurement and business unit leadership in strategy formulation, supplier selection, and supplier management. The successful candidate will also utilize tools and processes to gather cross functional alignment from key stakeholders, and lead continuous improvement initiatives. Responsibilities will include monitoring key market movements, proactively identifying potential challenges or risks, and resolving issues with suppliers. This is a fully remote role (for those who don't reside near Mentor, OH) with the expectation of domestic and internal travel up to 40%. If you reside near Mentor, OH: This is a hybrid role with the requirement of working onsite 3 days/week plus domestic and international travel. This role isnot eligible for Visa Sponsorship or H1B Transfer. What You'll do as a Sourcing Specialist: Provide sourcing support to Marketing / R&D / Finance / Service / Quality in all stages of new product development in accordance with STERIS' NPD process. Develop and maintain expertise in the supply base's contemporary technology that can be utilized to upgrade existing products and designed into new products. Work with Operations and site teams to source commodities and work with Corporate and site teams on projects in site or across multiple sites. Develop cross-functional short- and long-term strategies to source assigned commodities to drive maximum value while ensuring supply continuity. Lead the identification of key supplier/ partners to strategically source. Work with cross-functional team to align key strategic suppliers and capabilities with new product development needs. Conduct negotiations and issue contracts/agreements in accordance with all applicable laws and regulations within the guidelines of STERIS Policies and Procedures. Negotiate, structure and secure agreements with selected suppliers. Establish strong relationships with key suppliers through tracking of key Metrics and establish collaborative environment to optimize supplier performance and innovation, monitor Supplier performance and take actions for necessary improvements. Lead and/or organize all necessary supplier audits including commercial, financial, and technical to ensure that STERIS maintains and continues to develop a robust and capable supply base. Support Dual / multiple Sourcing efforts for assigned categories at the lowest total acquisition cost and lead or support teams to achieve identified targets. Work cross functionally with quality and purchasing partners to improve Quality, Delivery and cost performance for assigned categories. Increase knowledge in lean manufacturing concepts and apply lean replenishment techniques as well as general continuous improvement opportunities to improve supplier performance in targeted areas. Provide regular updates and reports to manager and purchasing staff on cost improvements and new product development programs. In addition to the above, Sourcing Specialist will be required to support manufacturing activities by placing purchase orders and expediting to meet build requirements. Carry out duties in an ethical, legal and professional manner that contributes to both our