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Full-Time

Sourcing Manager

San Diego

Posted on 7/2/2024

Oura

Oura

501-1,000 employees

Wearable health monitoring smart ring

Biotechnology
Healthcare

Expert

San Diego, CA, USA

Full-time position based out of San Diego office.

Category
Administration
People & HR
Requirements
  • Minimum 10 years of relevant industry experience
  • Strong knowledge of technologies, materials, manufacturing, and assemblies
  • Extensive and established global industry network of suppliers and professionals
  • Proven experience in developing and implementing sourcing strategies
  • Proficiency in using sourcing and procurement software and tools
  • Systematic and disciplined behavior
  • Ability to work independently within given tasks and responsibility areas
  • Willingness to travel as required by Oura business
  • A team player with a focus on continuous improvement
Responsibilities
  • Managing supplier base in defined sourcing category
  • Developing and implementing sourcing category strategies
  • Identifying, evaluating, onboarding, and contracting new suppliers
  • Conducting supplier performance evaluations and audits
  • Negotiating agreements with suppliers
  • Maintaining accurate records of supplier information
  • Collaborating with engineering teams
  • Making purchase orders for prototyping and mass production
  • Managing materials and components availability
  • Coordinating BOM related information flows
  • Participating in the continuous development of sourcing working practices

Oura offers a smart ring that monitors health metrics such as sleep patterns, heart rate variability, and physical activity. The ring uses advanced sensors to collect data, which is analyzed and presented through a mobile app, allowing users to gain insights into their health. This product is aimed at a wide range of users, including professional athletes and health-conscious individuals. Oura differentiates itself from competitors by focusing on a direct-to-consumer model and forming partnerships with sports teams and health institutions, which enhances its credibility and reach. The goal of Oura is to empower users to make informed decisions about their health and well-being through actionable data.

Company Stage

Series C

Total Funding

$156.1M

Headquarters

Oulu, Finland

Founded

2013

Growth & Insights
Headcount

6 month growth

9%

1 year growth

13%

2 year growth

29%
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Simplify's Take

What believers are saying

  • Oura's continuous innovation, such as the introduction of the 'Oura Advisor' AI feature, keeps it at the forefront of wearable health technology.
  • The company's strong market presence, with a 62% market share in the smart ring sector, indicates robust consumer trust and brand loyalty.
  • Collaborations with institutions like the University of California, Berkeley, and partnerships with retailers like John Lewis, expand Oura's reach and credibility.

What critics are saying

  • The entry of major competitors like Samsung into the smart ring market could erode Oura's market share and impact its growth.
  • Legal challenges, such as the patent lawsuit from Samsung, could divert resources and focus away from innovation.

What makes Oura unique

  • Oura's focus on a single, highly specialized product—the Oura Ring—allows for deep optimization and accuracy in health monitoring, unlike competitors with broader, less specialized offerings.
  • The company's high-profile partnerships with sports teams and health institutions validate the ring's utility and accuracy, setting it apart from other wearable tech companies.
  • Oura's direct-to-consumer model ensures a closer relationship with its users, enabling rapid feedback and iterative improvements.

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Benefits

Competitive salary & equity packages

Health, dental, financial, & vision insurance

Wellness & mental health benefits

$300 per month health improvement related stipend

Flexible working hours

An Oura Ring of your own

Employee discount for friends & family

20 days of PTO

INACTIVE