Associate Strategic Buyer

About the Position

Formation Bio is building a best-in-class Procurement function to support our rapidly growing organization. We are looking for a high-ownership Buyer who will drive operational excellence across our procure-to-pay (P2P) processes, serve as a trusted partner to stakeholders, and support sourcing initiatives as needed.

Responsibilities

• Project manage a major P2P platform improvement initiative, owning workstream execution, cross-functional coordination, timeline management, and adoption tracking to ensure scalable and consistent procurement operations
• Lead and project manage the transition of key procurement processes (e.g., vendor onboarding, intake management, PO request workflows) into the procurement function, including milestone tracking, stakeholder alignment, and change management.
• Own day-to-day administration, configuration and incremental process improvement of the P2P platform (Zip), serving as the internal subject matter expert and primary point of contact for purchase requests.
• Drive P2P platform adoption internally, ensuring compliance, process consistency, and ongoing optimization of procurement workflows
• Partner with stakeholders across IT, G&A, Clinical, and other teams to ensure timely, compliant, and cost-effective purchasing, serving as a key liaison between business units and procurement.
• Support supplier performance tracking and vendor relationships management across key spend areas, ensuring alignment with procurement policies and business requirements.
• Maintain and continuously improve procurement documentation, playbooks, and SOPs to help drive procurement process consistency and operational scalability.
• Track and report on key procurement KPIs including purchase order cycle times, P2P platform utilization, compliance rates, and cost savings to support data-driven process improvements

About You

• Relevant Experience:
• 3-5+ years of experience in procurement, purchasing, operations, project management, consulting, or a related field
• Experience supporting procure-to-pay (P2P) processes such as purchase orders, vendor onboarding, or intake/workflow management, utilizing a P2P platform such as Zip, Coupa, etc.
• Experience communicating and working with a variety of cross-functional stakeholders including up to the Executive level.
• Strong project management and organizational skills, with the ability to manage multiple concurrent requests and priorities
• You may also have:
• Exposure to managing sourcing or RFP processes, with the ability to support or run structured vendor selection over time with guidance
• Experience implementing, managing or administering procurement tools (Zip experience strongly preferred)
• Experience supporting or owning an indirect spend category such as IT, G&A, or professional services
• Experience in a high-growth startup or scaling environment
• Exposure to life sciences, biotech, pharma, or other regulated industries