What are the responsibilities and job description for the Strategic Sourcing Manager position at Bracco Imaging?
We are seeking a dynamic, results-oriented Strategic Sourcing Manager – Indirect Spend to lead sourcing and contract negotiations across a broad portfolio of indirect spend categories such as Marketing, Professional Services, Consulting, Software, Hardware, IT, Facilities, Transportation, etc. This role is accountable for delivering measurable value through category strategy development, supplier partnerships, cost optimization, risk mitigation, and strong stakeholder engagement. The ideal candidate is an experienced negotiator with a proven ability to operate in enterprise-indirect categories within a heavily regulated environment.
Key Responsibilities
- Lead strategic sourcing initiatives across indirect categories (e.g., IT, Marketing, Facilities, Professional Services, Travel, Transportation).
- Develop and execute category and subcategory strategies aligned with business objectives, compliance requirements, and long-term value creation.
- Drive complex, high-value supplier negotiations to secure optimal commercial terms, service levels, and risk mitigation outcomes.
- Manage the full contract lifecycle including drafting, reviewing, negotiating (in partnership with Legal), execution, and compliance monitoring.
- Identify and execute opportunities for cost reduction, value enhancement, and total cost of ownership (TCO) optimization.
- Act as a trusted advisor to internal stakeholders across Technical Operations, Manufacturing, Quality, Regulatory, Finance, IT, Marketing, and Corporate Functions.
- Partner cross-functionally to align sourcing strategies with operational needs, regulatory expectations, and financial targets.
- Monitor market trends, supplier landscapes, and regulatory changes impacting indirect spend categories.
- Proactively identify and mitigate supply, operational, financial, and compliance risks through sourcing strategy and supplier diversification.
- Track and report on savings, KPIs, supplier performance, and compliance against contracted terms.
- Lead or support procurement transformation initiatives including payment terms optimization, vendor onboarding, SAP data cleanup, supplier diversity programs, and taxonomy development.
Qualifications
- Bachelor’s degree in Supply Chain, Business, Life Sciences, or related field; MBA or advanced degree preferred.
- 5 years of sourcing or procurement experience, with exposure to indirect categories strongly preferred.
- Strong negotiation skills and demonstrated success in complex, high-value agreements.
- Experience in pharmaceutical, life sciences, or regulated environments preferred.
- Strong analytical, communication, and stakeholder management skills.
- Familiarity with procurement systems (e.g., SAP, Jaggaer) and contract lifecycle management tools.
- Experience using data analytics and visualization tools (e.g., Power BI).
- Ability to operate effectively in a fast-paced, matrixed, and ambiguous environment.
- Procurement certifications (CPSM, CIPS) a plus.
- Experience managing supplier relationships, supplier performance programs, and cross-functional sourcing initiatives.
- Strong understanding of strategic sourcing methodologies, category management, supplier risk management, and total cost of ownership principles.
Company Values & Behaviors
Adhere to the Bracco’s core values, including:
- Passion: Connecting People and Networking; Be Yourself
- Extraordinary: Leading People and Delegation; Courage
- Continuous Evolution: Insight and Learning Agility; Digital and Technology Orientation
- Sustainability: Long-Term Value Creation; Accountability
Physical Demands
The physical demands described here are representative of those that must be met by an
employee to successfully perform the essential functions of this job. Reasonable
accommodations may be made to enable individuals with disabilities to perform the essential
functions.
Work Environment
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. 5-10% domestic travel. This position is hybrid, based in Princeton, NJ.