Leiters Health · 2 months ago
Sourcing Manager
Englewood, CO, US
Full-time
Onsite
Mid Level
$112K/yr - $140K/yrLeiters Health is a pioneering pharmaceutical company dedicated to delivering high-quality compounded sterile products and outsourced solutions to healthcare providers nationwide. The Sourcing Manager will be responsible for identifying, evaluating, and selecting suppliers, optimizing the sourcing process, negotiating contracts, and managing supplier relationships to ensure cost-effective delivery of goods and services.
Health CarePharmaceutical
Responsibilities
Conduct market research to identify potential suppliers/vendors and maintain a comprehensive supplier database
Evaluate suppliers based on their capabilities, quality, reliability, financial stability, and compliance with company standards
Collaborate with stakeholders to understand sourcing requirements and develop supplier selection criteria
Develop and implement sourcing strategies to secure supply, optimize cost, quality, and delivery timelines
Conduct Request for Proposal (RFP) processes, analyze supplier proposals, and negotiate contracts and pricing agreements
Identify opportunities for supplier consolidation, standardization, and process improvements
Utilize Strategic Sourcing frameworks to segment spending, suppliers and identify sourcing opportunities
Cultivate and maintain strong relationships with suppliers, ensuring open lines of communication and effective collaboration
Monitor supplier performance, including delivery, quality, and service levels, and implement corrective actions as needed
Develop and implement a Supplier Relationship Management program including scorecard development and delivery
Conduct supplier performance evaluations and drive continuous improvement initiatives
Draft, review, and negotiate contracts and agreements with suppliers, ensuring terms and conditions are favorable to the organization
Monitor contract compliance, resolve any contractual disputes, and implement necessary amendments or modifications
Work closely with legal and compliance teams to ensure contract adherence and mitigate risks
Stay updated on industry trends, market conditions, and emerging technologies related to the sourcing category
Conduct benchmarking exercises to evaluate supplier performance against industry standards and identify areas for improvement
Provide recommendations for alternative suppliers, materials, or processes to optimize sourcing strategies
Drive alternate sourcing, supplier consolidation and localization to maximize pricing leverage and cycle time improvements
Negotiate business T & C's relating to: pricing, payment terms, delivery terms, inventory strategies, lead times, and other strategic issues with key suppliers
Collaborate with cross-functional teams, including engineering, operations, quality, and finance, to align sourcing strategies with business goals
Engage stakeholders to understand their requirements, provide sourcing guidance, and resolve any sourcing-related issues
Prepare RFx, analyze proposals, and lead cross-functional supplier selections
Other duties as assigned
Qualification
Required
Bachelor's degree in Business Administration, Supply Chain Management, or a related field
Proven experience in sourcing, procurement, or supply chain management, preferably in a manufacturing or related industry
Strong knowledge of sourcing strategies, supplier evaluation, negotiation techniques, and contract management
Proficient in using sourcing tools, e-procurement systems, and supplier relationship management software
Excellent analytical and problem-solving skills with the ability to interpret data and make informed decisions
Effective negotiation and communication skills, both written and verbal
Strong project management skills with the ability to prioritize tasks, manage multiple projects simultaneously, and meet deadlines
Attention to detail, with a focus on accuracy and quality in all sourcing activities
Strong interpersonal skills, with the ability to build and maintain effective relationships with suppliers and stakeholders
Proficient written, verbal and oral English communication skills are required
Proficiency with Microsoft 365 tools including Outlook, Microsoft, and Excel
Ability to stand or sit for extended periods of time
Ability to lift, push and pull up to 50 pounds periodically
Preferred
Relevant certifications (e.g., CSCP, CPSM) or Masters education in Business/Supply Chain are a plus
Understanding of 503B regulatory requirements, cGMP standards, and USP guidelines is a plus!
Benefits
100% employer paid medical plan.
Dental & Vision insurance options including FSA & HSA
Employer Paid Life Insurance & Employee Assistance Program
Short Term & Long-Term Disability Insurance
Up to 4% 401K Matching (100% vested on day one!)
Generous Paid Time Off Options – vacation, sick, paid leave and holidays!
$5,250 Annual Tuition Reimbursement after 6 months
$1,000 Referral Bonus Program with no limit
Eligible for annual bonus program
Company
Leiters Health
Leiters Health is a trusted FDA-registered 503B outsourcing provider of high-quality compounded sterile preparations and pharmacy services.
Founded in 1926
201-500 employees
Funding
Current Stage
Growth StageTotal Funding
$35M2021-11-09Acquired
2020-12-15Seed
2019-01-01Debt Financing· $35M
Leadership Team
Joseph Cosgrove
President and Chief Executive Officer
Carie Edquist
Interim CFO
Recent News
2024-01-28
Specialty Pharmacy Continuum
2023-12-22
Company data provided by crunchbase