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Full-Time

Supply Chain Manager

Posted on 7/29/2024

Lexington Medical

Lexington Medical

51-200 employees

Develops advanced surgical stapling technology

Industrial & Manufacturing
Healthcare

Senior, Expert

Bedford, MA, USA

Position requires onsite presence in Bedford, MA.

Category
Procurement & Sourcing
Supply Chain Management
Warehouse Operations
Operations & Logistics
Required Skills
Sales
Requirements
  • Bachelor’s degree in Engineering, Supply Chain or Operations
  • 5+ years of supply chain experience, including experience in a leadership role.
  • Track record in implementing world-class sourcing strategies, material planning, and supply chain continuous improvement programs
  • Experience in NPI for hardware products, starting up and scaling volume production, and production transfers
  • Solid knowledge in ERP/MRP systems. Familiarity with Odoo is a plus
  • Strong analytical and problem-solving skills, ability to make difficult decisions.
  • Hands-on leadership skills, ability to motivate and develop team.
  • Experience in complex, physical product industries such as medical device, semiconductor, or automotive preferred
  • Experience with a start-up organization preferred
  • Exceptional negotiation and organizational skills
  • Demonstrated ability to lead in a cross-functional environment
  • Direct people management experience is highly preferred
Responsibilities
  • Oversee procurement and planning.
  • Lead procurement planning to ensure timely and cost-effective acquisition of materials to meet production demand.
  • Develop and manage production plans that align with sales growth while also meeting new product introduction timelines.
  • Develop and own the global supply base:
  • Lead initiatives to identify and qualify new suppliers to meet new product requirements and ensure scalability within supplier portfolio.
  • Manage supplier performance to drive continuous improvement in quality, delivery time, and cost.
  • Continuously assess and optimize supplier portfolio and footprint to meet the company’s growth plans.
  • Collaborate with Engineering to influence technical design decisions and NPI strategies.
  • Support the continual development of the materials management function, including warehousing, logistics, and fulfillment.
  • Mentor and grow the supply chain team.

Lexington Medical focuses on surgical stapling technology for hospitals and surgical centers, particularly in bariatric and gastrointestinal surgeries. Their advanced stapling systems aim to improve clinical outcomes by reducing complications and shortening hospital stays. The company operates a vertically integrated model, ensuring high quality through control of product development and manufacturing. Lexington Medical's goal is to enhance surgical procedures and become a trusted partner for surgeons worldwide.

Company Stage

Seed

Total Funding

$6.6M

Headquarters

Billerica, Massachusetts

Founded

2013

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
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Simplify's Take

What believers are saying

  • Lexington Medical's products have been clinically proven to reduce complications and shorten hospital stays, offering substantial benefits to both patients and healthcare providers.
  • The company's state-of-the-art manufacturing facility in Massachusetts leverages the latest automation technologies, ensuring high-quality production and operational efficiency.
  • Significant milestones like FDA clearance enhance the company's credibility and marketability, potentially leading to increased adoption and sales.

What critics are saying

  • The highly specialized nature of their products may limit their market to specific types of surgeries, potentially constraining growth opportunities.
  • Dependence on FDA approvals and clinical validations can introduce delays and uncertainties in product launches.

What makes Lexington Medical unique

  • Lexington Medical's vertical integration ensures unparalleled quality control and rapid innovation cycles, setting them apart from competitors who rely on third-party manufacturers.
  • Their focus on advanced stapling systems specifically for bariatric and gastrointestinal surgeries allows them to specialize and excel in these high-demand areas.
  • FDA clearance for their Powered Stapling System validates their commitment to quality and innovation, providing a significant competitive edge.

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