Job description

Requisition ID : 67266 Title : New Product Development & Sourcing Buyer I Salary Range: Salary Minimum: $69,000.00 Salary Maximum: $92,000.00 Arthrex is a global medical device company and a leader in new product development and medical education in orthopedics. As a New Product Development & Sourcing Buyer I this role will manage activities involved with new product development and sourcing, resulting in contracting terms, and purchasing material from existing partners or new suppliers. Join our talented team at a global medical device company focused on Helping Surgeons Treat Their Patients Better™. Essential Duties and Responsibilities: • Manage the procurement process for prototype and production materials, acting as the key liaison between Engineering, Suppliers, Quality and Manufacturing. • Work closely with Project and Program Management teams, on multiple development projects, including timelines, meetings, and project events while providing communication and oversight to suppliers. • Monitor market conditions and trends to make informed business decisions. • Research and identify potential new suppliers, including possible onsite reviews. Manage Request for Quote (RFQ) and Request for Proposal (RFP) processes. • Negotiate pricing, payment terms, and delivery schedules to achieve supply chain continuity and stabilized cost. • Distributes Engineering Change Requests, Supplier Process Changes, to support the Quality system, between Arthrex’s stakeholders and suppliers. • Set up new Part Numbers in the MRP system, including planning and delivery parameters, logistics and commercial conditions. • Manage MRP and new project forecasting reports for inventory and non-inventory planning and order execution. • Ensure ramp-up and limit back-orders of all assigned for new products releases. • Maintain material cost projections, ensure adherence to budgets, and identify future cost reduction or cost avoidance opportunities. • Negotiate contractual terms including NDAs, Development Agreements, Supply Agreements, and SOWs with new and existing Arthrex partners. • Manage Logistic, Duties, and Tariff conditions with suppliers importing to the US. Knowledge: • Basic MRP/ERP knowledge preferred. • Knowledge of materials management, regulations, procedures, and Logistics. • Ability to read/interpret engineering drawings and bills of materials (BOMs). • Intermediate level for negotiation, project management, and analytical skills. • Microsoft Office knowledge preferred (Office, Word, Outlook). • Good numerical, analytical skills preferred. Reasoning Ability: • Evaluating supplier proposals, and determining Total Cost of Ownership (TCO). • Identifying root causes for supply chain disruptions, logistical delays, or quality issues. • Analyzes and documents inventory management issues using independent judgment. Discretion/Latitude: • Work is performed under general supervision. Follows specific, detailed instructions. Skills/Abilities: • Basic knowledge of inventory management and control concepts. • Moderate knowledge of MS Office required. • Ability to operate ERP/MRP main functions. • Thorough knowledge of production and manufacturing flow. • Intermediate ability to negotiate with suppliers to secure favorable pricing, volume discounts, and optimal contract terms. • Must have the ability to perform tasks by reading, understanding, and following work instructions/documents provided. • Knowledge of raw materials, production processes, quality control and other techniques for manufacturing products. Experience/Education: • Bachelor’s Degree required. • 2 year’s inventory management and control experience required. • 1 year manufacturing environment experience required. • 1-year regulated industry experience preferred. • 1-year medical device industry experience preferred. Arthrex Benefits • Medical, Dental and Vision Insurance • Company-Provided Life Insurance • Voluntary Life Insurance • Flexible Spending Account (FSA) • Supplemental Insurance Plans (Accident, Cancer, Hospital, Critical Illness) • Matching 401(k) Retirement Plan • Annual Bonus • Wellness Incentive Program • Free Onsite Lunch • Gym Reimbursement Program • Tuition Reimbursement Program • Trip of a Lifetime • Paid Parental Leave • Paid Time Off • Paid Sick Leave • Volunteer PTO • Employee Assistance Provider (EAP) All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other status protected by law.

Requirements

Must-haves

New Product Development & Sourcing Buyer I
Manage the procurement process for prototype and production materials, acting as the key liaison between Engineering, Suppliers, Quality and Manufacturing.
Work closely with Project and Program Management teams, on multiple development projects, including timelines, meetings, and project events while providing communication and oversight to suppliers.
Monitor market conditions and trends to make informed business decisions.
Research and identify potential new suppliers, including possible onsite reviews. Manage Request for Quote (RFQ) and Request for Proposal (RFP) processes.
Negotiate pricing, payment terms, and delivery schedules to achieve supply chain continuity and stabilized cost.
Distributes Engineering Change Requests, Supplier Process Changes, to support the Quality system, between Arthrex’s stakeholders and suppliers.
Set up new Part Numbers in the MRP system, including planning and delivery parameters, logistics and commercial conditions.
Manage MRP and new project forecasting reports for inventory and non-inventory planning and order execution.
Ensure ramp-up and limit back-orders of all assigned for new products releases.
Maintain material cost projections, ensure adherence to budgets, and identify future cost reduction or cost avoidance opportunities.
Negotiate contractual terms including NDAs, Development Agreements, Supply Agreements, and SOWs with new and existing Arthrex partners.
Manage Logistic, Duties, and Tariff conditions with suppliers importing to the US.
Knowledge of materials management, regulations, procedures, and Logistics.
Ability to read/interpret engineering drawings and bills of materials (BOMs).
Intermediate level for negotiation, project management, and analytical skills.
Evaluating supplier proposals, and determining Total Cost of Ownership (TCO).
Identifying root causes for supply chain disruptions, logistical delays, or quality issues.

Nice-to-haves

Basic MRP/ERP knowledge preferred.
Microsoft Office knowledge preferred (Office, Word, Outlook).
Good numerical, analytical skills preferred.
1-year regulated industry experience preferred.
1-year medical device industry experience preferred.
Annual Bonus

Application prep

Use the role’s language and application details while tailoring your materials.

Platform: successfactors
Effort: medium

Benefits

Benefits detected in the listing.

Dental

Vision

401(K)

Pto

Paid Time Off

Parental Leave

Wellness