Strategic Sourcing Manager (Finance)

You know the moment. It's the first notes of that song you love, the intro to your favorite movie, or simply the sound of someone you love saying "hello." It's in these moments that sound matters most.

At Bose, we believe sound is the most powerful force on earth. We've dedicated ourselves to improving it for nearly 60 years. And we're passionate down to our bones about making whatever you're listening to a little more magical.

At Bose, we are constantly learning and constantly curious. We never stop imagining what better sound sounds like. The Product team leads the transformation of ideas through research, design, development, marketing, and sales, unleashing the transformative power of sound and delivering the best products on the market.

Job Description

At Bose, we promise that the products we create will astonish with details that help people feel more, do more and be more. As a team member of Global Procurement and Operations, you contribute to the promise we make to our customers. You will partner with the business, providing your global sourcing expertise and business acumen to drive sound business decisions. Your opportunity to grow and develop in a dynamic, fast paced environment is our promise to you.

Duties and Responsibilities

• Develop and manage key contract manufacturing (CM) partner relationships, draft and negotiate commercial agreements to meet both technical, operational and commercial requirements, statements of work, pricing, development and manufacturing support, among other terms
• Partner with GRD and Product teams to influence the product roadmap by sourcing each product with the most capable CM partner, considering factors like time to market, total cost of ownership, technical depth, and quality.
• Improve global sourcing strategies, ensuring cross-functional alignment, meeting financial goals and establishing global scalability while mitigating geo-political headwinds
• Conduct strategic global market analysis and benchmarking of alternate CM, JDM & ODM suppliers to ensure competitiveness as well as proper portfolio alignment of products, engineering capabilities and end to end supply chain capability.
• Iterate and improve RFQ processes for sourcing needs and own the agreement creation process with the cross-functional program needs in mind.
• Negotiate MVA/VAM, NRE, CapEx to deliver best costs for Bose products
• Influence CM's manufacturing processes, technology decisions, and policies in beneficial and sustainable ways
• Comprehend the technical aspects of production and equipment to identify opportunities for cost, space, and process optimization
• Collaborate with cross functional teams throughout development builds, end-to-end costs evaluation, supplier engagements, and all other items associated with executing a successful launch
• Responsible for lifecycle cost management, delivering quarterly product cost reductions by collaborating with Tier-2, Manufacturing Operations, R&D and negotiating with CM partners
• Lead EBRs (Executive Business Review), QBRs (Quarterly Business Review) with CMs, share performance updates and timebound action plans to Bose leadership
• Monitor CM KPI and metrics, lead action plan with GRD to improve CM performance on a timely basis; influence CMs to challenge and inform internal assumptions with a view to improve product cost, technical feasibility and execute leveraged engagement models.
• Create advanced analytics and data-driven approaches to improve supplier performance, adopt feedback to improve sourcing exercises, cost management, NPI development cycles
• Continuously monitor and assess market trends and competition to inform sourcing strategy and maintain/enhance the company's competitive advantage.
• Identify opportunities including competitive benchmarking, process improvements within the CM base, enhancements to manufacturing processes, inventory optimization
• Lead complex engagements on supplier partnerships and strategies with Bose' senior leadership
• Be able to manage multiple projects and responsibilities in parallel

Qualifications

• Bachelor's degree in engineering, Business Administration, Supply Chain Management, or a related field (MBA or MS preferred).

• Minimum 3+ years of experience in strategic sourcing, with a proven track record of success in managing annual spends between $100M to $300M
• In-depth understanding of contract negotiation principles and best practices in supplier relationship management.
• Outstanding skills and proven track record of delivering results through cross-functional collaboration and ensure that corporate objectives are achieved
• Strong analytical and problem-solving skills with the ability to identify and solve complex cross-functional issues.
• Excellent leadership, communication, interpersonal, and negotiation skills with the ability to influence internal and external stakeholders at all levels.
• Experience in the consumer electronics or a similar industry is a plus.
• An ability to balance business and technical objectives in decision making
• Travel internationally up to 20% of the time

Position location: Our Corporate Headquarters in Framingham, MA - hybrid schedule (Tues, Wed, Thursday in office required.)

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Bose is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, genetic information, national origin, age, disability, veteran status, or any other legally protected characteristics. The EEOC's "Know Your Rights: Workplace discrimination is illegal" Poster is available here: https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf. Bose is committed to providing reasonable accommodations to individuals with disabilities. If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to applicant_disability_accommodationrequest@bose.com. Please include \"Application Accommodation Request\" in the subject of the email.

Our goal is to create an atmosphere where every candidate feels supported and empowered in the interviewing process. Diversity and inclusion are integral to our success, and we believe that providing reasonable accommodation is not only a legal obligation but also a fundamental aspect of our commitment to being an employer of choice. We recognize that individuals may have different needs and requirements based on their abilities, and we provide reasonable accommodations to ensure ideal conditions are met during the application process.