Senior Sourcing Specialist

SENIOR SOURCING SPECIALIST

Job Description

ABOUT MARKETLAB

Marketlab is a market-leading healthcare solutions organization specializing in the design, manufacturing, and sourcing of private-label healthcare products. Our mission is to provide healthcare partners timely, practical solutions grounded in deep understanding of their work. Every day, we strive to positively impact the lives of the people who, in turn, support the health and wellness of our communities. Based in Grand Rapids, Michigan, Marketlab's success is built on collaboration, accountability, and operational excellence. Strong systems, clear data, and trusted partnerships are foundational to how we operate and scale.

THE OPPORTUNITY

The Senior Sourcing Specialist is a high-impact individual contributor responsible for transforming organizational product needs into sourcing plans and execution. Marketlab's sourcing needs encompass distribution, private-labeling, contract manufacturing, as well as raw materials and components for manufacturing. This role negotiates pricing and terms, establishes and maintains strategic partnerships, and leads the execution of supply agreements that ensure supply continuity and financial health. Reporting to the Senior Sourcing Manager, you will be a key partner of Commercial and Product Management teams in launching new products while also leading strategic sourcing opportunities across Marketlab's portfolio of products.

What You'll Do Strategic Sourcing:

Lead sourcing activities to identify, assess, select, and onboard suppliers.

New Product Development:

Partner cross-functionally in the new product development process to gather requirements, issue and negotiate RFPs/RFQs, and identify optimal suppliers.

Contract Execution:

Lead negotiations for supply agreements to achieve optimal terms while mitigating risk; identify and address contract non-compliance; enter and manage contracts in the Contract Lifecycle Management (CLM) system.

Purchasing Enablement:

Design and implement the framework for supplier engagement and pricing, ensuring the Purchasing team has a clear, well-documented structure to execute tactical purchase orders.

Supplier Relationship Management:

Develop deep partnerships with strategic national brand, private-brand, and contract manufacturing suppliers.

Supplier Performance Management:

Implement and oversee a robust supplier management program to assess supply performance. Work with suppliers to address both situational and systemic performance issues.

Cost Savings:

Use data and analytics to Identify and execute on cost reduction opportunities across the portfolio of products.

Manufacturing Sourcing Support:

Develop strategies to source and manage our raw material and component needs to optimize cost and continuity of supply.

Market Analysis:

Stay current with market trends, commodity pricing, and global economic conditions and adjust sourcing strategies accordingly. Maintain contract pricing in the NetSuite ERP system.

KPIs:

Track and report on Sourcing KPIs; work cross-functionally to identify and execute on performance improvement opportunities. What You'll Need Bachelor's degree in Supply Chain, Business, or related field. Minimum 6-10 years of experience in a sourcing role supporting internally manufactured and externally procured finished goods; high-SKU distribution environment preferred. International sourcing experience required. Medical products distribution experience is a plus. NetSuite experience is a plus. Proficiency with Microsoft Office and Google Suite. Competencies Change Management

• Individual adapts and manages frequent changes in the work environment, delays, or unexpected events through formal and informal channels. Develops workable implementation plans. Communicates changes effectively. Builds commitment and overcomes resistance. Prepares and supports those affected by change. Monitors transition and evaluates results. Communication
• Individual communicates effectively both verbally and written with superiors, colleagues, and external partners. Decision Making
• Recognizes issues, problems or opportunities and determines whether action is needed. Includes others in the decision-making process as warranted to obtain good information. The ability to identify what is and what is not working to impact results. Problem Solving
• Individual identifies and resolves problems in a timely manner and gathers and analyzes information skillfully. Personal Development
• Seeks and accepts additional responsibility for continuous learning and development. Quality of Work
• Accepts responsibility for quality and timeliness of work. Works to achieve goals in spite of barriers or difficulties. Adjusts focus when it becomes obvious that a goal cannot be achieved, redirects energy into related achievable goals. Teamwork
• Conveys passion and rallies team members when challenged with a difficult goal.

Keeps focused and on track and resolves any interpersonal issues arising that may jeopardize team success. Prompts others to contribute knowledge and information to assist the team.