Posted 1 month ago
Director of Procurement
AI Summary
The Director of Procurement oversees all sourcing and purchasing activities for a medical supplies and equipment company, managing strategic sourcing, vendor negotiations, contract management, and day-to-day purchasing operations.
About this role
The Director of Procurement will oversee all sourcing and purchasing activities for our
medical supplies; equipment company, ensuring that products are acquired cost-
effectively, on time.
This role is responsible for the management of all strategic sourcing, vendor negotiations,
contract management, and day-to-day purchasing operations.
The ideal candidate combines a strategic mindset with hands-on execution skills, driving
both cost savings and operational efficiency, while maintaining the highest standards of
quality and compliance.
Key Responsibilities
Strategic Sourcing
- Develop and execute sourcing strategies for consumable medical supplies, DME, and
ancillary healthcare products.
- lead the identification and qualification of new suppliers to diversify the vendor base and
mitigate supply chain risks.
- Negotiate and oversee long-term agreements that optimize pricing, quality, and service.
- Monitor market trends and product innovations to enhance product offerings and margins.
Purchasing Operations
- Oversee daily purchasing activities to ensure timely and accurate procurement of goods.
- Approve purchase orders, ensuring accuracy in product codes, pricing, and quantities.
- Manage reorder points, safety stock levels, and lead times to avoid stockouts and
overstock.
- Coordinate with warehouse and distribution teams to ensure smooth order fulfillment.
Vendor & Supplier Management
- Maintain strong relationships with key suppliers to ensure consistent quality and service.
- Conduct regular supplier performance reviews and implement corrective actions when
necessary.
Cost Optimization & Reporting
- Analyze spend data to identify cost savings and process improvement opportunities.
- Develop and track procurement KPIs, including cost savings, lead times, and supplier
performance.
- Implement cost control measures without compromising patient care or operational
efficiency.
Compliance & Quality Control
- Collaborate with billing and compliance teams to verify that purchased items meet
reimbursement guidelines.
- Maintain procurement documentation to support internal audits and external inspections.
Qualifications
Required:
• 5+ years in procurement or supply chain management, with at least 3 years in a leadership
role.
• Proven experience in both strategic sourcing and purchasing operations.
• Strong negotiation, contract management, and vendor relationship skills.
• Experience with ERP or procurement management systems
Preferred:
• Knowledge of DME, HME, and medical supplies market, including HCPCS coding and
Medicare requirements.
• Familiarity with ISO quality management standards for medical products.
Core Competencies
- Strategic planning and operational execution.
- Strong analytical and problem-solving abilities.
- Excellent communication and interpersonal skills.
- Ability to balance cost savings with quality and compliance requirements.
- Leadership skills to mentor and develop a procurement team.
Key Performance Indicators
- Annual cost savings and margin improvements.
- Supplier on-time delivery and quality scores.
- Inventory turnover and fulfillment rates.
- Purchase order accuracy and cycle time.
Skills
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