Associate Director, Direct Materials Sourcing & Purchasing

Lantheus is headquartered in Bedford, Massachusetts with offices in Canada and Sweden. For more than 60 years, Lantheus has been instrumental in pioneering the field of medical imaging and has helped physicians enhance patient care with its broad product portfolio. In 2023, Lantheus had more than $1B in revenues, led by sales of imaging agents for cardiac ultrasound and for prostate cancer.

Lantheus is an entrepreneurial, agile, growing organization that provides innovative diagnostics, targeted therapeutics, and artificial intelligence (AI) solutions that empower clinicians to find, fight and follow disease. At Lantheus our purpose and values guide our behaviors in all interactions and play a vital role in creating a dynamic environment that contributes to our success. Every employee is crucial to our success; we respect one another and act as one knowing that someone's health is in our hands. We believe in helping people be their best and are seeking to bring together a diverse group of individuals with different viewpoints and skill sets to be a part of a productive and inclusive team.

Summary of role

We are seeking an Associate Director (AD) of Direct Materials Sourcing & Procurement to lead the development and execution of all direct materials sourcing and purchasing activities, serving as the accountable individual for such work. This includes but is not limited to negotiations, supplier performance and relationship management. As a hands-on working Associate Director, this individual will perform the sourcing activities of a Category Manager in addition to the managerial responsibilities associated with leading the Direct Sourcing and Purchasing team. The individual in this role will also partner internally with Quality, Manufacturing, R&D, Finance and other functions to ensure availability of supply, and optimum service, price and quality objectives are achieved.

Key Responsibilities/Essential Functions

* Develop and execute Strategic Sourcing plans in line with current and future business objectives to ensure availability of supply and mitigate risk through diversification and other means.

* Ensure appropriate pricing, quality and service needs are met.

* Directly and through leadership of a team, foster key supplier relationships, manage supplier performance, resolve supplier issues and lead regular supplier business reviews.

* Lead contract management activities including the negotiation of commercial terms and pricing, facilitation of cross functional reviews with internal stakeholders and collaboration with Lantheus Legal

* Understand the Procurement functions of SAP S/4Hana and other tools; lead and support buyers in the execution of system and non-system related purchasing tasks

* Ensure organizational compliance with all company Procurement & Contracting policies and procedures (and other policies/procedures as applicable). Conduct training, auditing, and reporting to ensure compliance with all procurement controls.

* Build and maintain strong relationships across a matrix organization; Communicate pro-actively with internal cross-functional stakeholders and external suppliers to ensure effective and efficient utilization of all resources.

* Provide leadership to effectively and efficiently align staff to ensure key initiatives and deadlines are met on an ongoing basis. Identify and leverage individual employee strengths to achieve superior performance of the entire team. Oversee full range of performance management and training needs of staff to foster the growth of the team in support of long-term corporate strategies. Lead and motivate employees by providing feedback and coaching to enhance or improve performance by setting expectations and holding individuals accountable for performance.

* Maintain current knowledge of and ensure all work activities are conducted in compliance with the full range of related internal and external systems, technology, regulatory requirements and related policies and procedures.

* Consistently demonstrate Lantheus values with a focus on accountability, quality, customer service, efficiency, collaboration, and safety.

Qualifications

* BS/BA degree required; MBA/advanced degree preferred

* 7-10+ years progressive experience in procurement, contract management, strategic sourcing or similar positions required

* Demonstrated leadership skills and ability to work in a matrixed environment required; Strong attention to detail is necessary

* Experience working with ERPs, Microsoft Office and procurement systems required (SAP S/4Hana highly preferred)

* Strong communication skills (both written and oral) with demonstrated ability to influence key stakeholders based on sound business rationale are essential

* Perform as player/coach for your staff to produce the results for their respective areas

* Experience improving supply chain and supplier performance, including the use of cost models and performance metrics

* Experience working in radiopharmaceuticals, pharmaceuticals or life sciences preferred

Other Requirements

* This position requires 3 days/week on site minimum (4 days preferred) in Billerica, MA (Bedford, MA when appropriate)

* Travel approximately 15% in accordance with business requirements

Lantheus is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person's race, color, sex, gender identity or expression, age, religion, national origin, ancestry, ethnicity, disability, veteran status, genetic information, sexual orientation, marital status, or any characteristic protected under applicable law. Lantheus is an E-Verify Employer in the United States.