Director, Procurement
iRhythm Technologies, Inc.
Summary
iRhythm is currently seeking an experienced Director, Procurement. Our work environment is fast-paced, with a collaborative atmosphere. Most of all, we are passionate about delivering innovations that improve the quality of health care and the patient experience. In this role, you will scale the function to support the growth of the business and to bring best practices to the management of $100M in annual Direct & Indirect purchases.
Job description
Specific job responsibilities include:
- Lead and scale the procurement function (Direct and Indirect) to support the rapid growth of the business, in a manner that maximizes contribution to the achievement of business objectives, profitability and return on investment.
- Implement best practices from standard category management, and innovative approaches, to identify and execute opportunities to drive cross-company savings and operational improvements in category management.
- Work as a strategic business partner to develop and prioritize procurement change programs and projects to enable delivery of short- and long-term objectives.
- Work with other functional leaders across finance, IT and manufacturing to drive short- and long-term improvements in the P2P process, including automation, selective outsourcing and/or leveraging strategic alliances to maximize ROI.
- Develop risk management strategies to mitigate supply chain disruptions, ensuring quality and regulatory compliance.
- Oversee the indirect purchasing team to ensure superior customer service offered to internal users on purchasing requests.
- Develop standard inventory planning model, achieve and maintain inventory targets.
- Lead, mentor, and develop a high performing Procurement team to support manufacturing and corporate goals.
- Develop relationship with key suppliers and manage supplier performances.
About you:
- Action orientation, ability to thrive in a fast paced, rapidly changing, collaborative environment.
- Bachelor's Degree and minimum 10 years of experience in procurement operations and strategic sourcing
- Medical Device, Pharma, or Biotech experience (7+ years); thorough understanding of ISO 13485 and FDA regulations.
- Prior experience in developing and implementing category strategies and sourcing efforts for indirect procurement areas such as IT, capex, marketing, facilities, and services required.
- Prior experience in contributing to automation and / or process improvement in the P2P process of a rapidly growing company preferred.
- Effective communicator with ability to influence at all levels.
- Strong analytical skills, and the ability to drive effective analysis and process steps toward transformations and or landing key projects.
- Comprehensive knowledge on contract commercial terms and ability to lead supply agreement negotiations independently.
- Ability to operate in a fast-paced environment and juggle shifting priorities and tight timelines.
Requirements
- Bachelor's Degree
- Minimum 10 years of experience in procurement operations and strategic sourcing
- Medical Device, Pharma, or Biotech experience (7+ years)
- Thorough understanding of ISO 13485 and FDA regulations
- Prior experience in developing and implementing category strategies and sourcing efforts for indirect procurement areas such as IT, capex, marketing, facilities, and services
- Effective communicator with ability to influence at all levels
- Strong analytical skills
- Comprehensive knowledge on contract commercial terms and ability to lead supply agreement negotiations independently
- Ability to operate in a fast-paced environment and juggle shifting priorities and tight timelines
Benefits
- Medical, Dental & Vision
- Health Savings Account
- Cafeteria Plan
- FSA
- Dependent Care FSA
- Commute Reimbursement
- Travel Reimbursement
- Life Insurance
- Short & Long Term Disability
- Emotional Health Support
- Legal Assistance
- Financial Assistance
- Identity Theft Protection
- Pet & Child Referral
- Paid Parental Leave
- Paid Holidays
- Travel Assistance
- PTO
- 401(k) Matching
- Employee Stock Purchase Plan
- Pet Insurance Discount
- LinkedIn Learning
Company overview
iRhythm Technologies, Inc. is a leading digital healthcare company specializing in cardiac monitoring solutions. Founded in 2006 and publicly traded on NASDAQ under the ticker IRTC, the company has developed the innovative Zio platform, which combines wearable biosensors with cloud-based data analytics and proprietary algorithms to transform cardiac care. iRhythm's technology distills data from millions of heartbeats into clinically actionable information, enabling physicians to diagnose arrhythmias more quickly and efficiently than traditional methods. The company's flagship product, Zio by iRhythm, represents a significant advancement in ambulatory cardiac monitoring, offering long-term continuous monitoring that helps avoid multiple indeterminate tests and allows for appropriate medical intervention. With headquarters in San Francisco, California, iRhythm operates globally with a workforce of 1,001-5,000 employees dedicated to advancing digital health solutions. The company's mission focuses on creating trusted solutions that detect, predict, and prevent disease through a relentless focus on patient care, delivering better data, better insights, and better health outcomes for all.