Thermo Fisher Scientific

Procurement Specialist III - Lab OEM

Thermo Fisher Scientific • $88K — $105K *
Morrisville, NC 27560In-Person
Pharmaceuticals & Biotech
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in business or technical field or equivalent experience.
  • Minimum of 5 years' procurement/sourcing experience in multinational companies.
  • Experience driving results with strategic suppliers or OEM partners preferred.
  • Strong understanding of market dynamics and negotiation tactics to create business value.
  • Experience in regulated industries is preferred.
  • History of achieving significant continuous improvement results.
  • Collaborative style in sourcing activities with the ability to influence teams.

Responsibilities

  • Manage and improve categories of spend while collaborating with cross-functional teams.
  • Deliver key performance indicators such as savings and supplier rationalization on global OEM supplier initiatives.
  • Develop and execute 3 to 5-year global sourcing strategies aligned with business priorities.
  • Analyze Lab OEM spend to enhance sourcing plans that reduce total cost of ownership.
  • Engage with business divisions to ensure alignment of supplier strategies and financial targets.
  • Oversee OEM supplier lifecycle management, including onboarding and ongoing management.
  • Lead contract negotiations and support supplier qualification processes.

Benefits

  • Opportunity to engage in thought leadership for sourcing strategies and supplier partnerships.
  • Access to work within a collaborative environment across diverse functional teams.
  • Possibility for professional growth through strategic initiatives and cross-divisional projects.
  • Exposure to international supplier relationships and market trends.
  • Work schedule is standard, Monday to Friday.
Full Job Description
Work Schedule
Standard (Mon-Fri)

Environmental Conditions
Office

Job Description

The ProcurementSpecialist III - Lab OEM, manages and continuously improves the assigned categories of spend. Collaborates with a cross-functional team of sourcing, operations, technical, finance and other key colleagues to prioritize sourcing initiatives, develop sourcing strategies, negotiate contracts, support spend migration from incumbent to preferred suppliers, and manage preferred supplier relationships.

Scale of Responsibilities
  • Completes global OEM supplier initiatives to deliver key performance indicators including savings, inflation mitigation, supplier rationalization, risk mitigation, and other performance improvement.
  • Completes global category initiatives to deliver year over year savings, supplier rationalization, and low-cost region sourcing.
  • Participates in the development and execution of 3 to 5-year global sourcing and OEM supplier strategies aligned to business priorities.
  • Analyzes cross-divisional Lab OEM spend and supports the development of global strategic sourcing plans to reduce the total cost of ownership and improve value realization.
  • Coordinates with Category Managers to engage with relevant Thermo Fisher business divisions ensuring alignment of supplier strategies, performance, and financial targets.
  • Participates in the management of OEM supplier lifecycle management including onboarding during NPIs (New Product Introductions and ongoing supplier management.
  • Supports the execution of global sourcing strategies focused on identifying and contracting with preferred suppliers that meet key business needs and category management goals.
  • Perform other duties and tasks assigned.


Technical Responsibilities
  • Engages in thought leadership in developing and implementing sourcing and OEM supplier strategies.
  • Monitors market intelligence and key OEM supplier trends, assessing impact on the business and refining strategies.
  • Partners with Business functions (Product Management, operations, quality, etc.) to drive supplier performance management across quality, delivery, cost, and service metrics.
  • Actively participates in the planning and deliver of supplier business reviews with strategic OEM suppliers to ensure performance, innovation, and contractual compliance.
  • Supports Make vs OEM analysis to support strategic sourcing and investment decisions.
  • Participates in value analysis and value engineering (VA/VE) initiatives with OEM partners to deliver productivity savings.
  • Drives contract & commercial negotiations across OEM suppliers aligned with category strategies.
  • Supports and leads the supplier qualification process for new OEMs including supplier identification, competitive bidding via RFP, and supplier selection. Performs upfront and ongoing supplier financial due diligence assessments.
  • Engages and supports division/site procurement teams and other key colleagues to qualify for preferred suppliers & migrate spending from incumbent, non-preferred suppliers.
  • Supports supplier risk assessment and mitigation.


Leadership Responsibilities
  • Collaborates with cross-functional colleagues (product management, quality, technical, operations, finance, etc.) to align category and OEM supplier strategies with business priorities.
  • Partners with Category Managers, Division Business Partners and functional partners to gather business requirements for strategy development.
  • Supports the establishment of category plans and priorities globally and ensures alignment with divisional business priorities.
  • Influences stakeholders across procurement, product management, operations, and engineering to drive OEM value realization.
  • Performs OEM supplier performance tracking and utilizes communication mechanisms to report to key stakeholders.


Education, Experience, Knowledge
  • Bachelor's degree in business or technical field or equivalent combination of experience and education
  • Minimum of 5 years' procurement/sourcing experience in mid-to large multinational companies, with strong category/business engagement experience or successful completion of a Thermo Fisher Leadership Development Program
  • Experience of driving results with strategic suppliers or OEM partners is preferred.
  • Business insight - knows how to assess market/business requirements dynamics and negotiate agreements that yield meaningful business value.
  • Experience working in highly regulated industries preferred.
  • Experience in a continuous improvement environment with a history of achieving significant year-over-year results.
  • Demonstrated consultative/collaborative style in performing sourcing activities.
  • Influences without authority to motivate cross-functional teams.
  • Firsthand manufacturing and/or supply chain experience is preferred.
  • Experience in life sciences, medical devices, or pharmaceutical industries is preferred.
  • Ability to travel 0 to 25%.

About Thermo Fisher Scientific

Thermo Fisher Scientific Careers

Join the vibrant team at Thermo Fisher Scientific, a global leader in serving science and making the world healthier, cleaner, and safer. With a workforce of over 75,000 professionals, Thermo Fisher Scientific offers unparalleled job opportunities and a culture of innovation that propels your career to new heights. Work You’ll Do At Thermo Fisher Scientific, you will be part of a team that is dedicated to enabling our customers to make the world healthier. Whether you are involved in the development of life-saving drugs or innovative environmental solutions, your work will have a profound impact on society. Our commitment to leadership in the industry is unwavering. With Thermo Fisher Scientific, you will lead projects that set standards in scientific inquiry and market leadership. You will work at the intersection of science, technology, and industry expertise, driving digital innovation in every aspect of our business. Join our diverse team of professionals and engage in roles that span across various functions and disciplines. From research and development to marketing and sales, the breadth of job opportunities available means that you can find the perfect match for your skills and passions. Innovative Work As part of our team, you will have access to cutting-edge tools and technologies that foster creativity and innovation. Thermo Fisher Scientific is home to a dynamic range of career paths, all designed to challenge you and help you grow as a professional. Our employment philosophy emphasizes diversity and inclusivity, ensuring that all team members have the opportunity to thrive. We believe in nurturing talent through robust training programs, leadership development, and opportunities for career advancement. Be Part of a Great Team Working at Thermo Fisher Scientific means being part of a global network of enthusiastic, talented, and ambitious individuals. Our culture is built on collaboration, where each member’s unique skills and perspectives are valued. You will enjoy benefits that support both your professional growth and personal well-being. Future-Proof Your Career Embark on a journey of growth and continuous learning with Thermo Fisher Scientific. We offer a variety of training and development programs that cater to your interests and career goals. From internships for budding scientists to leadership training for aspiring executives, our programs are designed to equip you with the skills needed for a successful and fulfilling career. Explore Discover how our commitment to innovation leads to advancements in health and science: [Read More] Learn about our leadership in environmental sustainability and how you can contribute: [Read More] The Thermo Fisher Scientific Difference Our global presence and commitment to innovation mean that your work extends beyond borders and makes a tangible impact worldwide. The collaboration between our teams drives our leadership in the scientific community and contributes to a culture that embraces diversity and fosters professional growth. Stay Connected Join Our Team Search open positions that match your skills and interest. We are always on the lookout for passionate, curious, and driven team players. Explore our job opportunities and find out how you can contribute to our meaningful work. SEARCH THERMO FISHER SCIENTIFIC JOBS Keep Up to Date Stay ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. READ CAREERS BLOG Job Alert Emails Customize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding opportunities that await at Thermo Fisher Scientific.
Learn more about Thermo Fisher Scientific
Size
130,000 employees
Market Cap
$213.3 billion
Industry
Pharmaceuticals & Biotech
Net Income
$6.3 billion
Founded
1956
5 Year Trend
+16.5%
Revenue
$32.2 billion
NASDAQ
TMO
* Ladders Estimates

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