Element Science, Inc. is a medical device and digital health company focused on developing solutions at the intersection of clinical-grade wearables, machine learning algorithms, and lifesaving therapies in order to address leading causes of death and hospitalization in patients with heart disease, primarily as they transition from the hospital-to-home. By putting the needs of patients and physicians first, our personalized digital devices, which are designed for function, comfort, and ease-of-use, aim to redefine the paradigm of care for these patients. Our first product, a wearable patch defibrillator, is initially targeted at treating the more than 500,000 patients in the US with an elevated temporary risk of potentially experiencing a lethal heart rhythm. Headquartered in San Francisco, our funders include Third Rock Ventures, Google Ventures, Deerfield Healthcare, Qiming Venture Partners USA, Cormorant Asset Management, and Invus Opportunities.
SUMMARY OF ROLE:
Join a dynamic team where your expertise in procurement and supplier management will drive excellence in the medical device industry! As a Purchasing Manager , you will play a pivotal role in sourcing high-quality materials, negotiating strategic contracts, and cultivating strong supplier relationships-all while ensuring compliance with FDA, ISO 13485, and industry standards. If you have a proven track record in supply chain management, strategic sourcing, and vendor negotiation within the medical device sector, we want to hear from you!
RESPONSIBILITIES:
- Strategic Procurement Leadership: Design and execute commodity sourcing strategies that optimize costs while maintaining the highest standards of quality and regulatory compliance. Lead complex projects, including outsourced manufacturing initiatives.
- Cost Optimization & Budgeting: Take charge of procurement budgets by implementing smart cost-saving measures-without ever compromising quality or compliance. Your expertise will make a direct impact on the bottom line.
- Supplier Excellence: Build and nurture strong supplier partnerships to ensure reliability, quality, and adherence to industry standards. Track and analyze key supply chain metrics to drive continuous improvement and supplier performance.
- Master Negotiator: Secure the best pricing, terms, and contracts with suppliers, ensuring cost-effective agreements that align with business goals.
- Proactive Risk Management: Anticipate commodity specific risk such as price volatility and supply chain disruptions before they happen. Develop contingency plans and alternate sourcing strategies to mitigate risks and ensure uninterrupted operations.
- Cross-Functional Influence: Collaborate with R&D, Quality Assurance, and Manufacturing teams to streamline procurement processes and keep production moving seamlessly.
- ERP & Data Optimization: Play a key role in the implementation and optimization of ERP systems, ensuring accurate purchasing records and leveraging data for smarter decision-making.
- Purchasing Order Management: Authorizing payments and managing purchasing expenses with meticulous record-keeping.
- Bachelor's degree required; MBA or relevant certifications (APICS) a plus. Equivalent work experience will also be considered.
- 5-7 years of progressive experience in purchasing and materials management, ideally within the medical device sector.
- Strong understanding of Class II and III medical device regulations, including FDA 21 CFR Part 820, ISO 13485, and MDR compliance requirements.
- Hands-on experience with ERP systems, procurement software, and Microsoft Office Suite to streamline purchasing operations.
- Demonstrated success in driving cost savings, negotiating supplier contracts, and evaluating supplier performance to optimize supply chain efficiency.
- Exceptional communication, problem-solving, and leadership skills with the ability to effectively manage teams and cross-functional partnerships.
Element Science offers a very competitive salary and benefits package including, but not limited to:
- Stock Options
- 90% employer-paid medical, dental, and vision insurance
- Company-paid Basic Life Insurance
- 401(k) retirement plan (Traditional and Roth)
- Competitive Paid Time Off
- Paid Holidays
- FSA (Flexible Spending Accounts)
- HSA (Health Savings