Thermo Fisher Scientific

Sourcing Specialist III - LSG Indirect

Thermo Fisher Scientific$83K — $125K *
Business Services
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a related field or equivalent experience
  • Minimum of 5 years of procurement/sourcing experience
  • Professional certifications (CPSM, CSCP, CPM) are desirable
  • Experience in regulated industries like life sciences or pharmaceuticals is preferred
  • Strong analytical skills with a data-driven approach

Responsibilities

  • Lead sourcing activities for spend exceeding $1MM across various categories
  • Manage the contract lifecycle process including templates and tracking
  • Govern catalog management and procurement operations
  • Develop negotiation strategies and finalize contracts
  • Conduct research on vendors and manage RFP processes
  • Collaborate with stakeholders for requirements documentation
  • Perform analysis and benchmarking to support sourcing decisions

Benefits

  • Comprehensive medical, dental, and vision plans with health incentives
  • Employee assistance and family support programs, including commuter benefits and tuition reimbursement
  • At least 120 hours of paid time off (PTO) and 10 paid holidays
  • Paid parental leave options for bonding and caregiving
  • 401(k) retirement savings plan and employees' stock purchase program
Full Job Description
Work Schedule
Standard (Mon-Fri)

Environmental Conditions
Office

Job Description

DESCRIPTION:

The Procurement Sourcing Specialist III is responsible for developing sourcing strategy development, execution, contract negotiations and management for spend across indirect categories, with strong specialized knowledge of a specific category portfolio.

Key responsibilities
  • Lead strategic and tactical sourcing activities with spend above but not limited to $1MM across multiple categories
  • Manage contract lifecycle process (including uploading contracts, developing standard templates, and monitoring/tracking expiry)
  • Manage catalog governance and procurement operations
  • Craft negotiation strategies and close deals with optimal terms for assigned spend categories
  • Research potential vendors, develop and execute RFPs.
  • Partner with stakeholders to ensure clear requirements documentation is translated to RFP and contracts as appropriate
  • Perform cost and scenario analysis, and benchmarking to inform sourcing decisions
  • Negotiate contract terms of agreement and pricing delivering and record annual P&L savings
  • Support projects assigned for various sourcing activities
  • Track and report key functional metrics to reduce expenses and improve the effectiveness

Functional & technical skills
  • Sourcing expert - strong experience with sourcing process, supplier management, contract negotiations and procure to pay operations
  • Experience with ERP systems, spend analytics, eSourcing, and contract management systems required
  • Excellent category-specific sourcing and category management skills in key portfolios of spend in Indirect (e.g., Clinical Services)
  • Expert understanding of multi-step strategic sourcing processes and strategies
  • Experience negotiating agreements/contracts with suppliers
  • Understanding of procurement processes, tools, and best practices


Leadership / behavioral
  • Thrive in an entrepreneurial environment - a self-starter who looks for ways to improve existing processes
  • Strong customer service orientation, keen to deliver on internal customer needs
  • Analytical thinker who makes decisions using data and insights - will need to prepare analysis to develop sourcing strategy/scenarios/savings


How will you get here?

Education:
  • Minimum Required Education: Bachelor's degree in related field or equivalent experience
  • Minimum of 5 years of procurement/sourcing experience
  • Professional certifications (CPSM, CSCP, CPM) are desirable
  • Proven success executing strategic sourcing initiatives, supplier negotiations, and contract management
  • Experience working in regulated industries like life sciences, medical devices, or pharmaceuticals preferred
  • Strong analytical and data-driven decision making capabilities
  • Proficiency with ERP systems, spend analytics, and procurement tools
  • Excellent communication and relationship building skills
  • Ability to build consensus and collaborate across global matrix organizations
  • Demonstrated success in achieving cost savings and process improvements
  • Strong project management capabilities
  • Ability to travel 25-50% as required
  • Fluency in English required; additional languages beneficial
  • Comprehensive understanding of procurement best practices, processes and methodologies
  • Experience with continuous improvement/lean methodologies
  • Demonstrated negotiation and supplier relationship management skills
  • Proficiency with Microsoft Office suite, especially Excel and PowerPoint


Compensation and Benefits
The salary range estimated for this position based in California is $83,300.00-$125,000.00.

This position may also be eligible to receive a variable annual bonus based on company, team, and/or individual performance results in accordance with company policy. We offer a comprehensive Total Rewards package that our U.S. colleagues and their families can count on, which includes:
  • A choice of national medical and dental plans, and a national vision plan, including health incentive programs
  • Employee assistance and family support programs, including commuter benefits and tuition reimbursement
  • At least 120 hours paid time off (PTO), 10 paid holidays annually, paid parental leave (3 weeks for bonding and 8 weeks for caregiver leave), accident and life insurance, and short- and long-term disability in accordance with company policy
  • Retirement and savings programs, such as our competitive 401(k) U.S. retirement savings plan
  • Employees' Stock Purchase Plan (ESPP) offers eligible colleagues the opportunity to purchase company stock at a discount


For more information on our benefits, please visit: https://jobs.thermofisher.com/global/en/total-rewards

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
Net Income
$6.3 billion
Founded
1956
5 Year Trend
+16.5%
Revenue
$32.2 billion
NASDAQ

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