Bracco Diagnostics Inc

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Vice President of Procurement and Supply Chain - North America (Finance)



Vice President of Procurement and Supply Chain - North America

Princeton, NJ, USA Req #492

Tuesday, January 14, 2025

Bracco Diagnostics Inc. is a subsidiary of Bracco Imaging which is part of the overall Bracco Group. The Company specializes in the clinical development, marketing and sales of diagnostic contrast imaging agents. Bracco Diagnostics Inc. primarily markets its products to hospitals throughout the United States. Bracco Diagnostics Inc. is committed to the discovery, development, manufacturing and marketing of imaging agents and solutions aimed at providing a better use and management in terms of diagnostic efficacy, patient safety and cost effectiveness.

The Vice President of Procurement and Supply Chain is responsible for defining and leading Procurement and Supply Chain strategies across North America, encompassing all regional business units/ entities: Bracco Diagnostics, Inc. (BDI), Bracco Medical Technologies (BMT), and Blue Earth Diagnostics (BED) for Procurement, BDI for Supply Chain. This visionary leader will oversee the strategic and operational management of direct and indirect procurement, inventory, production, distribution, and logistics to ensure timely and cost-effective deliveries.

Key Responsibilities

  • Ensure the regional strategies are aligned with those at Global Procurement level in setting business objectives, driving cost efficiencies, ensuring Compliance, and managing supplier relationships across the regional landscape.
  • Oversee the planning and management of procurement, inventory, production, distribution, and logistics to ensure the timely and cost-effective delivery of goods and services.
  • Within BDI's Supply Chain organization, monitor and manage inventory levels to minimize stock-outs, reduce excess inventory, and optimize working capital. Lead efforts to streamline warehousing and distribution functions for efficiency and cost reduction.
  • Implement and manage a US Local robust demand forecasting system to ensure alignment between supply and customer demand.

Supplier Management:

  • Oversee the planning and management of procurement, inventory, production, distribution, and logistics to ensure the timely and cost-effective delivery of goods and services.
  • Establish and maintain structured and strong relationships with key suppliers.
  • Negotiate supply contracts and agreements to secure advantageous terms.
  • Assess supplier performance and ensure compliance with regulatory standards and Company policies.
  • Monitor and manage inventory levels to minimize stock-outs, reduce excess inventory, and optimize working capital.
  • Lead efforts to streamline warehousing and distribution functions for efficiency and cost reduction.
  • Implement and manage a US Local robust demand forecasting system to ensure alignment between supply and customer demand.
  • The above includes the functional reporting of the Supply Chain & Procurement functions at the subsidiaries in the region to ensure their alignment with such operating model.

Operational Excellence:

  • Oversee Procurement operations ensuring processes are efficient, transparent, and scalable.
  • Implement best practices for Procurement cycles, vendor qualification, vendor rating, risk management, and sustainability initiatives.
  • Lead initiatives to improve supply chain efficiency and effectiveness, ensuring alignment with business needs.
  • Drive continuous improvement initiatives to optimize inventory levels and reduce waste.
  • Analyse the prices of materials and services offered by suppliers. This may include comparing production costs, shipping expenses, and payment terms to obtain a clear picture of the expected Total cost of Ownership.
  • Foster the adoption of eSourcing Tools (provided by Global Procurement) across the region, with a primary focus on Indirect Spend management.

Spend Management:

  • Define projected purchasing costs supporting the internal stakeholders for the Budget and the Strategic Planning processes, tracking and explaining the main drivers of any relevant price variances.
  • Prepare a structured reporting system which includes graphical analyses, significant data, and any recommendations to optimize procurement, to be submitted both to Global Procurement and Global Supply Chain on a monthly basis (Actuals vs Budget) or as required for other deadlines (i.e.: long term planning).
  • Ensure that the Company's spend analytics tools are duly updated and provide periodic evaluations of the spend process (i.e., spend without purchase orders nor contract), including a specific report for logistic costs.

Strategic Leadership:

  • Take the lead for introducing a new set of Procedures, Guidelines and processes to be issued in cooperation and under the guidance of Global Procurement & Global Supply Chain, then to be:
    • deployed at BDI's level;
    • deployed by the Supply Chain & Procurement functions at the other subsidiaries in the Region.
  • Develop and implement comprehensive Procurement strategies aligned with Company objectives and Global Procurement guidelines.
  • Drive initiatives to optimize inventory levels and purchases of goods and services by improving the competitive bidding process, fostering costs reduction and enhancing the value to the Company, without compromising Quality and Compliance.

Team Development:

  • Design and establish a Procurement Function at BDI, reporting hierarchically into the BDI CEO and functionally into the Global Procurement Director (at Bracco Italian Headquarters).
  • Develop, lead and mentor the Supply Chain & Procurement teams across the North America to harmonize the operating model and improve the Compliance across the region.
  • Foster a collaborative and agile working environment that encourages innovation and continuous improvement aimed to improve the performance in procuring goods and services.
  • Compel a more diverse and inclusive workforce for our employees by creating an environment of belonging, engagement, equity, and empowerment.

Cross-Functional Collaboration:

  • Act as a strategic partner to key departments such as R&D, Quality Assurance, ensuring alignment of supply chain and procurement activities with broader organizational goals.
  • Facilitate cross-departmental communication to address supply chain challenges, leveraging cross-functional insights to drive process improvements and strategic decision-making.
  • Lead and mentor teams in adopting collaborative tools and methodologies that enhance transparency, data sharing, and integration across functions, ensuring consistent and measurable outcomes.
  • Act as a liaison between regional and global teams, ensuring that local needs are represented while adhering to corporate guidelines and standards.
  • Champion company-wide initiatives related to sustainability, ensuring that procurement and supply chain practices support environmental goals and align with corporate social responsibility (CSR) standards.

Professional Experience, Knowledge & Technical Skills

  • Minimum of 10+ years in Procurement and Supply Chain, preferably within the healthcare or pharmaceutical sectors.
  • Experience with complex categories such as services, marketing, and materials is essential.
  • Excellent negotiation and financial management abilities.
  • Proven leadership in building collaborative teams and adopting procurement software.
  • Knowledge of industry regulations (e.g., GMP, ISO).
  • Education: Degree in technical or scientific disciplines.
  • Languages: Excellent English (written and spoken).
  • Tools: Proficiency in Microsoft Office and planning methodologies.


Company Values & Behaviours:

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.
  • The position is a home-office based position with required domestic and international travel up to 30% of the time.

Work Environment

  • The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • The position is home office based in Princeton, New Jersey
  • The position is hybrid, three days in the office, two days remote

Bracco Diagnostics Inc. is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, or any other protected status.

Other details

  • Job Family Bracco
  • Pay Type Salary
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