Director, Procurement Excellence (Finance)

Thank you for your interest in working for our Company. Recruiting the right talent is crucial to our goals. On April 1, 2024, 3M Healthcare underwent a corporate spin-off leading to the creation of a new company named Solventum. We are still in the process of updating our Careers Page and applicant documents, which currently have 3M branding. Please bear with us. In the interim, our Privacy Policy here: https://www.solventum.com/en-us/home/legal/website-privacy-statement/applicant-privacy/ continues to apply to any personal information you submit, and the 3M-branded positions listed on our Careers Page are for Solventum positions. As it was with 3M, at Solventum all qualified applicants will receive consideration for employment without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Job Description:

Director, Procurement Excellence (Solventum)

3M Health Care is now Solventum

At Solventum, we enable better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating breakthrough solutions for our customers' toughest challenges, we pioneer game-changing innovations at the intersection of health, material and data science that change patients' lives for the better while enabling healthcare professionals to perform at their best. Because people, and their wellbeing, are at the heart of every scientific advancement we pursue.

We partner closely with the brightest minds in healthcare to ensure that every solution we create melds the latest technology with compassion and empathy. Because at Solventum, we never stop solving for you.

The Impact You'll Make in this Role

As the Director of Procurement Excellence, in Solventum, you will be responsible for ensuring that the procurement practices are aligned with the business goals, industry standards, and best practices. In this role you will partner with the procurement teams across all areas of procurement to define and execute strategies on Responsible Procurement and Supplier Sustainability, Procurement Technology solutions and roadmap, Project Management and Reporting and Analytics. Accountable for meeting financial and budget requirements such as savings reporting, commodity tracking, working capital expectations and reporting related to accounts payable (A/P) cash. You will implement best practices and drive continuous improvement initiatives across Solventum and the procurement function. This role will report directly to the Chief Procurement Officer.

Major Duties and Responsibilities

1. Consults with leadership team to set strategic direction and operating plans for Responsible Procurement, including ensuring Solventum's third party vendor base is fulfilling all requirements around laws and regulations, country specific guidelines and our own guidelines. Manages all our supplier related ESG initiatives, in collaboration and alignment with our Sustainability Leader.

2. Manages and ensures compliance to Supplier Diversity goals and requirements.

3. Manages all Global Procurement policies and ensures creation and updating, distribution and adherence of / to them. Manages the safe digital storage and companywide enablement of said policies.

4. Consults with Procurement leadership team to set strategic direction and operating plans for Global Procurement Technology Stack, including but not limited to contract lifecycle management (CLM), spend cube, savings tracking tool, risk management tools (incl. vendor site mapping), commodity tracking, tail spend management, e-Sourcing (RFx, e-auction) tools, catalogue enablement, vendor enablement and communication.

5. Manages the Reporting & Analytics functions within Global Procurement.

6. Management responsibility usually encompasses several work groups/departments within one or more procurement areas. Determines priorities, timetables and assigns resources/tasks. Accountable for the activities and results of their functional area.

7. Creates solutions for complex and multi-faceted problems, which requires ingenuity, creativity, innovation, and strong analytical skills.

8. Resolves issues and conflicts related to direct reports.

9. Actively participates in relevant corporate programs/initiatives, complies with professional and quality standards, complies with corporate policies and procedures, and acts in a manner consistent with Solventum's values and ethical standards. For all jobs that provide work direction to others, the following applies: Provides direct supervision to assigned employees through leadership, coaching, training and development, allocating work assignments, review of progress in achieving objectives, managing employee compensation, performance appraisals, diversity.

Your Skills and Expertise

To set you up for success in this role from day one, Solventum requires (at a minimum) the following qualifications:

• Bachelor Degree in Supply Chain, Engineering, Computer Science or business
• 10 Years of Managerial Experience
• 8 Years of Procurement Leadership Experience

Additional qualifications that could help you succeed even further in this role include:

• Masters degree Supply chain or business related field from an accredited institution
• CPM and/or APICS certification
• Experience implementing significant improvements or establishing procurement industry best practices across functional areas.
• Experience from strategic procurement tool implementations, understanding of AI, ML and RPA
• Strong background in procurement technologies, including competitive bidding (eRFx) tools, third-party performance and risk management, sustainable procurement platforms.
• Leadership and governance of procurement processes and project teams
• Proven successful track record in leadership roles
• Strong communication and leadership skills dealing with a global cross-functional team
• People management & development
• Strong Change Management Skills

Work location:

• Hybrid Eligible (Job Duties allow for some remote work but require travel to [Solventum location TBD] at least [#] days per week)

Travel: May include up to 25% domestic/international

Relocation Assistance: May be authorized

Must be legally authorized to work in country of employment without sponsorship for employment visa status (e.g., H1B status).

Supporting Your Well-being

Solventum offers many programs to help you live your best life - both physically and financially. To ensure competitive pay and benefits, Solventum regularly benchmarks with other companies that are comparable in size and scope.

Applicable to US Applicants Only:The expected compensation range for this position is $222,044 - $271,387, which includes base pay plus variable incentive pay, if eligible. This range represents a good faith estimate for this position. The specific compensation offered to a candidate may vary based on factors including, but not limited to, the candidate's relevant knowledge, training, skills, work location, and/or experience. In addition, this position may be eligible for a range of benefits (e.g., Medical, Dental & Vision, Health Savings Accounts, Health Care & Dependent Care Flexible Spending Accounts, Disability Benefits, Life Insurance, Voluntary Benefits, Paid Absences and Retirement Benefits, etc.). Additional information is available at: https://www.solventum.com/en-us/home/our-company/careers/#Total-Rewards

Responsibilities of this position include that corporate policies, procedures and security standards are complied with while performing assigned duties.

Solventum is committed to maintaining the highest standards of integrity and professionalism in our recruitment process. Applicants must remain alert to fraudulent job postings and recruitment schemes that falsely claim to represent Solventum and seek to exploit job seekers.

Please note that all email communications from Solventum regarding job opportunities with the company will be from an email with a domain of @solventum.com. Be wary of unsolicited emails or messages regarding Solventum job opportunities from emails with other email domains.

Please note, Solventum does not expect candidates in this position to perform work in the unincorporated areas of Los Angeles County.

Solventum is an equal opportunity employer. Solventum will not discriminate against any applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or veteran status.

Please note: your application may not be considered if you do not provide your education and work history, either by: 1) uploading a resume, or 2) entering the information into the application fields directly.

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