What are the responsibilities and job description for the Procurement Manager position at INSIGHTEC?
Insightec is a growing medical technology company transforming patient lives through innovative incisionless surgery.
Our culture is as unique as our people, a diverse global team, with different ideas, skills, interests, and cultural backgrounds driven by our core values – Our Patients, Integrity, Team, Quality and Innovation.
Our dedication to making a real impact on the lives of millions of people and paving the path to a bright future for healthcare, is what bonds us as a Team. We work together in a dynamic collaborative environment to deliver successfully while believing and driving a life-work balance philosophy that encourages our employees to do things that are meaningful outside of work. Every role is significant, your voice is heard, and your ideas are encouraged. We challenge and empower our people to be great at what they do while providing a flexible work environment.
Walking through our corridors, you will be inspired by stories of career journeys at Insightec. We take pride in growing internal talent and encourage our employees to achieve their professional ambitions. With employees in Israel - Haifa and K. Ono, Miami and Dallas, Shanghai, Tokyo and Europe, we offer in each region competitive perks and benefits.
Do the most meaningful work of your career by joining us on our mission to transform tomorrows, today.
Insightec is a growing medical technology company transforming patient lives through innovative incisionless surgery.
Position Overview:
The Procurement Manager is a newly created pivotal role, responsible for managing our indirect spend categories and developing innovative procurement strategies to support our business requirements. This person will partner with the business to identify indirect (non-manufacturing) vendor and purchasing requirements, while identifying and driving process efficiencies and cost savings, supported by key performance indicators.
What you will be doing:
- Develop and maintain a thorough understanding of the Company’s products, services, and business operations to make informed procurement decisions
- Evaluate current policies and practices and identify improvement opportunities
- Develop and implement procurement strategies for indirect spend categories to align with business objectives while driving cost savings
- Collaborate with cross-functional teams including sales and marketing, IT, operations, finance, legal, and others to understand business needs and ensure compliance with Company policies and procedures while providing support and guidance on procurement processes and strategies
- Develop and maintain strong relationships with cross-functional teams while building high levels of trust and confidence from team members regarding vendor, price, and payment terms recommendations
- Negotiate contracts and manage supplier relationships to ensure competitive pricing and quality of goods and services
- Effectively expand opportunities to generate value to the Company through contracting national accounts, consolidating spend, rationalizing suppliers, improving payment terms, and driving process efficiency
- Monitor and report on key performance indicators, including cost savings, supplier performance, and contract compliance
- Partner with the Company’s Internal Audit Manager to document and enhance the Company’s Purchase to Pay control environment to ensure Sarbanes Oxley (“SOX”) compliance requirements
- Stay current on industry trends, market conditions, and best practices in indirect procurement to continuously improve processes and drive efficiencies
- Conduct market research and analyze supplier performance to identify potential cost savings opportunities
- Develop and maintain strong relationships with key suppliers to ensure reliable and timely delivery of goods and services
- Participate in cross-functional projects and initiatives to identify opportunities for cost savings and process improvements
- As applicable, lead project RFP’s and perform detailed analyses of bids based on cost and qualifications from supplier submissions
- Contribute to a business climate and culture that encourages integrity, respect, excellence and innovation
- Other duties as assigned based on needs of the function or the business
Qualifications:
- Education (required): Bachelor's Degree or equivalent in Business or related field
- Professional Certifications (preferred): Certified Purchasing Manager (CPM) Certification
- At least three (3) years of progressive managerial purchasing responsible for handling all aspects of purchasing
- Ability to communicate and effectively negotiate with suppliers, emphasizing costs, quality, delivery times, and other supplier related metrics
- Strong project management skills
- Ability to write, implement, and enforce policies and procedures
- Ability to work independently, multi-task, and execute in a fast-paced environment
- Strong interpersonal skills and ability to communicate (verbal/writing) effectively in English
- Ability to collaborate at all levels of the organization and across other functional areas
- Self-motivated and strong analytical/problem solving skills
- Excellent organizational skills, ability to manage multiple priorities with minimal oversight, and strong attention to detail
- Ability to take ownership, meet deadlines, and execute on strategic decisions
- Ability to maintain a high level of confidentiality
- Strong work ethic with unquestionable integrity
- Strong MS Office skills, especially in Excel and PowerPoint
- Ability to travel as limited periodic domestic and/or international travel may be required
