SummaryThe Sr IT Procurement Analyst plays a critical role in optimizing the procurement of IT products and services. This individual will be responsible for developing sourcing strategies, managing vendor relationships, negotiating contracts, and ensuring cost-effective and timely acquisition of technology solutions that align with business goals.
Primary ResponsibilitiesStrategic IT Sourcing & Procurement
- Develop and execute sourcing strategies for Applications, Software, Cloud services, and IT consulting.
- Conduct market analysis to identify potential suppliers and evaluate their capabilities.
- Lead RFP/RFI processes and vendor selection.
Vendor Management
- Build and maintain strong relationships with key IT vendors and service providers.
- Monitor vendor performance and compliance with contractual obligations.
- Build and track vendor performance with the use of KPI's.
- Collaborate with legal and finance teams to manage contract lifecycle and renewals.
Cost Optimization
- Identify cost-saving opportunities through strategic negotiations and alternative sourcing.
- Analyze spend data and trends to inform sourcing decisions and budgeting.
Risk & Compliance
- Ensure sourcing activities comply with internal policies and external regulations.
- Mitigate risks related to vendor reliability, data security, and service continuity.
Cross-Functional Collaboration
- Work closely with IT, Finance, Legal, and Procurement teams to align sourcing with business needs.
- Work with key customers in the following areas to deliver on business requirements. Infrastructure, Cyber Security, R&D, and Manufacturing. Engineering
- Support project teams with timely acquisition of required IT resources.
General Tasks- Maintain strict compliance with the quality, environmental and occupational health and safety regulations and implementation of the instructions of the quality, environmental management and/or occupational health and safety officer.
Required Experience, Education, Skills, Training and Competencies- Bachelor's degree in Business, Supply Chain Management, Information Technology, or related field.
- 5+ years of experience in IT sourcing, procurement, or vendor management.
- Experience sourcing IT systems used in manufacturing, R&D, and quality environments.
- Strong knowledge of medical device regulations (FDA, ISO 13485, GDPR, HIPAA).
- Familiarity with IT categories including SaaS, cloud infrastructure, networking, and cybersecurity.
- Proficiency in sourcing tools and ERP systems (e.g., SAP, Oracle, Coupa).
- Excellent analytical, communication, and stakeholder management skills.
Preferred Skills - Experience with global sourcing and managing offshore vendors.
- Knowledge of cybersecurity frameworks (e.g., NIST, ISO/IEC 27001).
- Knowledge of ITIL, ISO, or other IT governance frameworks.
- Familiarity with GxP-compliant systems and validation processes.
- Familiarity with IT systems used in medical device lifecycle (e.g., PLM, QMS, eQMS).
- Certification in procurement (e.g., CPSM, CIPS) or IT sourcing (e.g., SIG).
Travel RequirementsPhysical Requirements- Mobility to work in a standard office setting and to use standard office equipment, including a computer.
- Ability to use vison to read computer screen and read printed materials
Compensation And Benefits- The base pay for this position is $72,000 to $130,000 per year.
- Dependent on the position offered, annual bonuses and other forms of compensation may be provided as part of the compensation package.
- Novanta supports all aspects of your life's needs. This position provides a full range of medical, financial, and other benefits to make your quality of life better.
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