2027 Future Talent Program - Global Supplier Management Group Research & Development Sourcing & Procurement Intern

About the role

This internship position supports several facets of the Research and Development Sourcing & Procurement organization. The successful candidate prepares and conducts market intelligence gathering and strategic analysis; pre-negotiation planning; RFIs, RFP/Qs, and e-auctions; quotation analysis and cost modeling; financial solvency analysis, risk assessments, FCPA verification, and other compliance / due diligence assessments; supplier performance monitoring and issue resolution; budget planning process support and ongoing spend, savings, and compliance metrics reporting.

Research and Development Sourcing & Procurement is responsible for conducting strategic sourcing initiatives in support of drug discovery and development, specifically in the areas of discovery sciences, preclinical development, clinical development, regulatory affairs, and lab supplies and equipment, within our Research Labs.

Intern positions generally last 10-12 weeks and will include several projects.

Responsibilities

• Support strategic and operating objectives for the procurement function including product sourcing, supply risk management, supplier performance improvement, cost reduction, supplier diversity development, working capital improvement, and supplier relationship management
• Work with cross functional teams including Legal, Finance, Procure-to-Pay, internal stakeholders, and external suppliers
• Conduct detailed market analyses looking at facts and data, with the objective of providing deep and meaningful insights
• Implement procurement efforts and execute tactical procurement processes. Serve as a resource regarding processes, procedures and systems for procurement function
• Support selection of suppliers to ensure appropriate savings and service levels. Ensure that all legal contract requirements are met. Manage relationships with external contacts to ensure optimal team performance and to take appropriate actions by implementing contract negotiation, communication with suppliers and/or or modifying procedure to ensure customer satisfaction
• Enforce compliance with all Global Procurement policies and procedures by using a data driven business case approach
• Conduct rigorous market intelligence and detailed supplier and supply market analyses to provide deep and meaningful insight to Sourcing teams
• Construct detailed cost models/purchase price analysis of goods and services supplied to our company. At times, this will require supplier visits to create a complete understanding of the cost structure of suppliers and develop cost reduction opportunities
• Monitor supplier performance, conduct root cause investigation, issue management, risk assessment and mitigation
• Conduct up to six types of project analysis which transforms gathered information into insightful, well-structured breakthrough options and opportunities. Examples include Portfolio Analysis, Supplier Referencing, and Day One Sourcing
• Prepare analysis and reporting of category spend, savings, compliance, and other metrics data on a monthly basis. Support the annual budget / profit planning process for the category at the global level. Maintain financial reporting and management systems (including SAP) with up-to-date data on an ongoing basis
• Create detailed pre-negotiation plans, lead and participate in prolonged negotiation sessions with suppliers and conduct post negotiation debriefs and follow through plans
• Create and execute RFIs, RFPs, and e-Auctions, together with subsequent structured information analysis wherever possible using electronic procurement processes
• Conduct effective risk assessment (including Financial Solvency Analysis, compliance with FCPA, Business Partner Code of Conduct, etc.) and establish appropriate risk mitigation plans within the supply-base pursuant to our Manufacturing Division's risk management framework
• Be an active member of one or more category teams using the techniques and content created in above as input in the creation of breakthrough strategies delivering cost reduction targets
• Generate work of world-class quality and share and transfer this to colleagues throughout GSMC
• Identify communications opportunities, provide guidance on communications best practices, and identify process improvements. Draft and edit articles, blogs, newsletters, and slides. Be a proactive member of the Change Agent Network

Qualifications

• Currently in sophomore or junior level curriculum, pursuing a Bachelor's degree in business (such as Finance or Management), Supply Chain Management, Manufacturing, Market Research, Communications or a Science-related discipline (Engineering, Statistics, Biology, Chemistry, Biochemistry or Bioengineering)
• Or currently enrolled in an MBA program or other graduate program

Required Skills

• Superior interpersonal skills with the demonstrated ability to work successfully on cross functional teams
• Excellent verbal and written communication skills including ability to make clear and concise presentations, sensitivity to cultural differences in communication, experience with SharePoint and Enterprise Social Media (specifically Yammer), and familiarity with principles of business communication, marketing and/or journalism
• Strong data collection, analysis and reporting skills
• Excellent project management skills
• Ability to work independently with a high degree of flexibility and adaptability to deal with ambiguous and dynamic situations
• Quick learner and motivated to cultivate technical, business and commercial skills by applying their knowledge within our company's environment
• Proficient in Microsoft office suite (Excel, PowerPoint, Word)
• Demonstrated excellent academic achievement
• Focus on process improvements and simplification

Preferred Skills

• GPA 3.0
• Prior pharmaceutical industry experience or any fortune 500 company experience
• Experience with using SharePoint or other similar collaboration websites
• Experience with TIBCO Spotfire or other data analytic/visualization tools
• Experience with using Excel to manage large data sets
• Knowledge of data collection methods (polls, focus groups, surveys)

Pay

$39,908 - $111,111 USD