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Full-Time

Buyer/Planner

Posted on 6/27/2024

PROCEPT BioRobotics

PROCEPT BioRobotics

501-1,000 employees

Develops robotic solutions for BPH treatment

Biotechnology
Healthcare

Compensation Overview

$76k - $106kAnnually

Mid

San Jose, CA, USA

Requires onsite presence in San Jose, CA for hybrid work arrangement.

Category
Procurement & Sourcing
Operations & Logistics
Required Skills
Communications
Requirements
  • Bachelor's degree in Business, Supply Chain, or equivalent experience
  • 2+ years of progressively responsible experience in a purchasing or procurement role
  • Experience with ERP systems (QAD preferred) and strong Excel skills
  • Ability to work in a highly matrixed and geographically diverse business environment
  • Strong verbal and written communication skills with the ability to effectively communicate at multiple levels within the organization
Responsibilities
  • Serve as the primary purchasing contact, fostering positive and mutually beneficial relationships with suppliers
  • Utilize critical thinking and problem-solving skills to manage supplier relationships and address any issues proactively
  • Determine material requirements from engineering and production schedules, maintaining inventory at planned levels
  • Review and execute requisitions and purchase orders timely
  • Manage open purchase orders and ensure timely receipt and invoicing of goods and services
  • Partner with suppliers and stakeholders to purchase goods and services at optimal prices while maintaining quality standards
  • Work cross-functionally and foster teamwork with internal customers and partners
  • Collaborate with Receiving, Accounts Payable, and others to resolve goods receipts, invoice errors, PPV, or related issues
  • Analyze frequent spending and develop recommendations for cost improvement, inventory levels, and processes
  • Ensure compliance with company policies, Procurement, Finance, Quality, SOPs, Work Instructions, and all corporate policies

PROCEPT BioRobotics develops robotic solutions specifically for treating benign prostatic hyperplasia (BPH), a condition that affects many older men by causing prostate enlargement and urinary issues. Their main product, the AquaBeam Robotic System, utilizes Aquablation therapy, which combines real-time imaging, robotics, and waterjet technology to precisely remove prostate tissue in a minimally invasive manner. This system is designed for urologists and healthcare facilities, allowing for improved patient outcomes and more efficient surgical procedures. Unlike competitors, PROCEPT BioRobotics focuses on providing predictable results and reducing complications, which has led to their technology being recognized in clinical guidelines. The company's goal is to enhance the quality of life for patients suffering from BPH through advanced surgical solutions.

Company Stage

IPO

Total Funding

$637.7M

Headquarters

Redwood City, California

Founded

2009

Growth & Insights
Headcount

6 month growth

10%

1 year growth

37%

2 year growth

112%
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Simplify's Take

What believers are saying

  • Long-term data demonstrating the sustained benefits of Aquablation therapy enhances the company's reputation and supports its market position.
  • Significant investments, including $118 million in equity financing, provide the financial resources needed for global expansion and innovation.
  • FDA approval for investigating Aquablation therapy for prostate cancer opens new market opportunities and potential revenue streams.

What critics are saying

  • Ongoing investigations by law firms into possible securities fraud could damage the company's reputation and investor confidence.
  • The medical device market is highly competitive, and maintaining technological leadership requires continuous innovation and substantial investment.

What makes PROCEPT BioRobotics unique

  • PROCEPT BioRobotics specializes in Aquablation therapy, a unique minimally invasive treatment for BPH that combines real-time imaging, robotics, and waterjet technology, setting it apart from traditional surgical methods.
  • The company's focus on urology and the treatment of BPH allows it to develop highly specialized and effective solutions, unlike competitors with broader medical device portfolios.
  • The inclusion of PROCEPT's technology in clinical practice guidelines underscores its credibility and effectiveness, distinguishing it from less established competitors.

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