Procurement Specialist at HeartFlow

San Francisco, California, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Medical Technology, HealthcareIndustries

Requirements

Minimum of 5+ years of progressive experience in procurement, strategic sourcing, and/or supply chain management
Bachelor's degree in Business Administration, Supply Chain Management, Finance, or a related field
Proven experience in managing and optimizing internal procurement processes (e.g., Purchase-to-Pay (P2P) cycle, requisition management, contract administration, and compliance)
Demonstrated success in sourcing
Exceptional negotiation and communication skills (verbal and written)
Strong analytical abilities, with proficiency in using data to inform sourcing strategies and track performance
Proficiency with modern procurement software (e.g., Zip and Netsuite) and Microsoft Office Suite
Ability to manage multiple complex projects simultaneously and thrive in a fast-paced environment
Deep understanding of contract law principles and supplier performance management

Responsibilities

Oversee the end-to-end operational procurement process, ensuring adherence to internal policies, controls, and best practices
Manage the procurement system workflow (P2P), including training stakeholders, troubleshooting issues, and driving continuous process improvements to enhance user experience and efficiency
Ensure accurate and timely processing of purchase orders, contract documentation, and vendor setup/maintenance
Monitor and report on key operational metrics (e.g., cycle time, P.O. compliance rate, touchless P.O. ratio)
Lead sourcing projects for assigned categories, utilizing market analysis, spend data, and business requirements to develop and implement sourcing strategies
Manage the full RFx process (RFI, RFP, RFQ), conducting rigorous evaluation of proposals and shortlisting potential suppliers
Aggressively negotiate favorable terms, pricing, and service level agreements (SLAs) with suppliers to achieve budgeted cost reduction and avoidances (negotiated savings)
Develop and manage strong supplier relationships, conducting regular business reviews to monitor performance, compliance, and drive value-added initiatives

Skills

Key technologies and capabilities for this role

ProcurementSupplier ManagementP2PProcurement SystemOperations ManagementProcess EfficiencyStakeholder TrainingTroubleshooting

Questions & Answers

Common questions about this position

What is the salary for the Procurement Specialist role?

This information is not specified in the job description.

Is this Procurement Specialist position remote or on-site?

This information is not specified in the job description.

What key skills are required for the Procurement Specialist role?

Key skills include overseeing end-to-end procurement processes, managing P2P system workflows, leading sourcing projects with RFx processes, negotiating terms and pricing with suppliers, and developing supplier relationships.

What is the company culture like at HeartFlow?

HeartFlow focuses on advancing heart care through cutting-edge AI technology and innovation, with a growing team aimed at revolutionizing precision heartcare.

What makes a strong candidate for the Procurement Specialist position?

Strong candidates will have experience in operations management for procurement processes, strategic sourcing including RFx and negotiations, and supplier relationship management, with the ability to drive efficiency and cost savings.

HeartFlow

Non-invasive cardiac testing for heart disease

About HeartFlow

HeartFlow provides a non-invasive cardiac test that helps visualize a patient's coronary arteries in detail. This technology allows physicians to diagnose and treat heart disease more effectively without the need for invasive procedures, which reduces risks for patients and costs for healthcare providers. HeartFlow's main clients are healthcare professionals seeking safer diagnostic methods. The company offers several analyses, including FFRCT Analysis and Plaque Analysis, all of which have received FDA clearance and are available in multiple countries, including the United States, the United Kingdom, Japan, and Canada. Unlike many competitors, HeartFlow focuses on providing a comprehensive suite of analyses that enhance treatment planning. The goal of HeartFlow is to improve cardiovascular care by making it safer and more efficient for both patients and healthcare providers.

Redwood City, CaliforniaHeadquarters

2010Year Founded

$858.5MTotal Funding

SERIES_FCompany Stage

HealthcareIndustries

501-1,000Employees

Benefits

Remote Work Options

Stock Options

401(k) Company Match

Risks

Emerging AI-driven competitors could threaten HeartFlow's market share.

Algorithmic bias in AI models could lead to inaccurate diagnoses.

Integration into healthcare systems may face resistance due to complexity and cost.

Differentiation

HeartFlow offers the only combined anatomy, physiology, and plaque analysis for heart disease.

HeartFlow's non-invasive FFRCT Analysis is FDA-cleared and widely available globally.

HeartFlow's AI-driven technology provides personalized 3D heart models for precise diagnostics.

Upsides

HeartFlow closed a $215 million Series F funding round in April 2023.

The global non-invasive cardiac imaging market is projected to grow significantly.

HeartFlow's technology aligns with the trend towards value-based care in healthcare.

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