Masimo

Strategic Sourcing Manager, Indirect

Masimo$90K — $120K *
Business Services
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Supply Chain Management, Engineering, or a related field; MBA preferred.
  • 7+ years of strategic sourcing or procurement experience in a regulated industry (Medical Device, Pharmaceutical, or Life Sciences).
  • Experience in a complex matrix organization, managing global and local demands effectively.
  • Proven leadership competencies in managing decentralized/global procurement teams within e-procurement platforms.
  • Expertise in business transformation and achieving cost optimization across indirect spend.
  • Strong knowledge of Lean Manufacturing principles and experience in executing Lean initiatives.

Responsibilities

  • Develop and execute comprehensive strategies for indirect spend categories.
  • Conduct detailed financial analysis and maintain data integrity for budget forecasting.
  • Lead the sourcing lifecycle, ensuring compliance with service level agreements and key performance indicators.
  • Oversee global transactional buyers and establish procurement control mechanisms within the Coupa platform.
  • Drive and monitor Supplier Diversity initiatives while reporting on spending and compliance.
  • Identify cross-functional opportunities for procurement consolidation and standardization.
  • Implement risk management frameworks to ensure supplier compliance and assess viability.

Benefits

  • Opportunities for professional growth and development.
  • Collaborative work environment with cross-functional teams.
  • Access to an advanced e-procurement platform.
  • Engagement in diverse supplier initiatives and community support.
  • Focus on continuous improvement and operational excellence.
Full Job Description
JOB DESCRIPTION

Job Summary

As the Manager of Strategic Sourcing (Indirect), you will be a key leader in driving the Indirect Procurement roadmap across our global sites. You will serve as the primary architect for our indirect spend strategy, ensuring that our sourcing activities 64spanning Facilities, CAPEX, IT/Professional Services, Logistic, and MRO 64are aligned with the company 27s broader operational objectives. Utilizing Value Stream Mapping (VSM) to identify inefficiencies and drive process standardization. You will champion a culture of continuous improvement, ensuring that all sourcing activities 64from MRO and facilities to professional services 64directly contribute to operational resiliency and cost-efficiency.

Core Responsibilities

 Strategic Category Management: Develop and execute comprehensive category strategies for indirect spend. Drive the "one authoritative voice" protocol for supplier negotiations to maximize commercial leverage and ensure consistent contract terms.

 Financial & Data-Driven Rigor: Perform rigorous spend analysis, FX variance assessments, and "Should-Be" cost modeling. Maintain high data integrity for budget forecasting, cost-avoidance tracking, and Total Landed Cost (TLC) comparisons.

 Supplier Governance & Performance Management: Lead the full sourcing lifecycle (RFI/RFQ/RFP), including contract negotiation (MSA/SOW/LTA), supplier relationship management (SRM), and formal Quarterly Business Reviews (QBRs) to ensure strict adherence to SLA/KPI benchmarks.

 Operational Governance & Buyer Oversight: Provide strategic direction, guidance, and oversight to global transactional buyers managing indirect spend. Establish control mechanisms, approval workflows, and compliance guardrails within the Coupa P2P platform to optimize purchasing behaviors, manage PO creation, and effectively control tail spend.

 Supplier Diversity Reporting: Develop, monitor, and scale the company 27s Supplier Diversity initiatives. Generate and distribute regular spend reports to track, measure, and audit procurement activity with Small Business (SB), Women-Owned (WBE), Veteran-Owned (VBE), and Small Disadvantaged Businesses (SDB).

 Operational Transformation & Synergy Realization: Drive indirect procurement-side synergy planning across diverse business entities. Perform comprehensive spend analysis to identify cross-functional consolidation opportunities, harmonize fragmented supplier contracts, and standardize procurement protocols to optimize organizational structures and realize sustainable cost efficiencies across indirect spend categories (e.g., IT, HR, Marketing, Facilities, and Professional Services)

 Risk Mitigation & Resiliency: Implement robust risk management frameworks for critical indirect suppliers, conducting deep-dive assessments on supply chain dependencies, geopolitical stability, and financial viability. Ensure all suppliers maintain strict compliance with international labor standards, including the Employer Pays Principle.

 Lean Process Integration & VSM: Lead Value Stream Mapping exercises across the procure-to-pay process to eliminate non-value-added steps. Facilitate Kaizen events focused on reducing lead times, standardizing procurement workflows, and improving inventory turnover for MRO materials.

 Cross-Functional Collaboration: Partner closely with internal stakeholders 64Facilities, Engineering, IT, Finance, and Legal 64to ensure that procurement needs are met with high technical precision. Provide consultative sourcing support to project managers to ensure early supplier involvement (ESI) in new initiatives.

Qualifications & Requirements

 Education: Bachelor 27s degree in Business, Supply Chain Management, Engineering, or a related field. MBA or advanced degree is highly preferred.

 Experience: 7+ years of experience in strategic sourcing or procurement within a highly regulated industry (Medical Device, Pharmaceutical, or Life Sciences).

 Matrix Organization Proficiency: Demonstrated success operating in a complex matrix organization, balancing global functional mandates with site-specific operational requirements and multi-departmental stakeholders.

 Leadership & Coordination: Proven track record of guiding, mentoring, and overseeing decentralized or global purchasing teams/buyers within an e-procurement environment.

 Business Transformation & Cost Optimization: Skilled in driving procurement-side transformation and operational alignment, consistently delivering verified synergy savings across indirect spend during periods of organizational growth and transition.

 Lean Methodology: Expert-level knowledge of Lean Manufacturing principles, with a demonstrated ability to execute Kaizen events and lead Value Stream Mapping initiatives to drive operational excellence.

About Masimo

Masimo is a global medical technology company that develops and manufactures innovative noninvasive patient monitoring technologies, medical devices, and a wide array of sensors. The company's mission is to improve patient outcomes and reduce the cost of care by taking noninvasive monitoring to new sites and applications. Masimo's products include innovative monitoring technologies such as Masimo SET® pulse oximetry, Masimo rainbow® Pulse CO-Oximetry, and Masimo SedLine® Brain Function Monitoring.
Learn more about Masimo
Size
2,200 employees
Market Cap
$7.7 billion
Industry
Net Income
$240.3 million
Founded
1989
5 Year Trend
+11.7%
Revenue
$1.1 billion
NASDAQ

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