Buyer
Summary
The Buyer position is responsible for sourcing, assisting with negotiating, and purchasing raw materials, packaging, and other supplies essential to the production of pharmaceutical products. This role ensures the timely availability of direct and indirect materials, compliance with industry regulations, and effective cost management to support uninterrupted manufacturing operations, facility maintenance, and capital projects.
Responsibilities
- Source and assist with the evaluation and selection of suppliers for Direct Materials (raw materials, active pharmaceutical ingredients (APIs), excipients, and packaging materials, etc.) and/or Indirect Materials (Lab supplies, facility maintenance parts, can items related to capital projects).
- Negotiate prices, terms and opportunities to reduce costs and assist with supplier contracts to achieve the best value and maintain long-term supplier relationships.
- Place and manage purchase orders, including the triage of any discrepancies, ensuring timely delivery to meet production schedules while maintaining good supplier relationships.
- Owns and maintains SAP master data.
- Monitors vendor performance, issues periodic reports, and takes corrective action as per current standard operating procedures (SOPs) and standard current good manufacturing practice (cGMP) guidance.
- Collaborate with Quality Assurance, Production, and Regulatory teams to ensure all purchased materials meet required standards and regulatory requirements (e.g., FDA, cGMP).
- Collaborate across the enterprise to monitor usage rates and to analyze and adjust safety stock levels to optimize material flow.
- Maintain accurate records of purchases, pricing, and inventory levels using ERP or procurement systems. Report on current and future status of product supply for existing products.
- Assist in identifying cost-saving opportunities and support continuous improvement initiatives in the supply chain.
Education and Experience
- Bachelor's degree in Supply Chain Management, Engineering, Business, or related field or 5+ years of progressive experience in supply chain/procurement management within biotech, pharma, or comparable industries.
- Demonstrated experience in procurement, materials management, and supplier relationship management.
Skills and Qualifications
- Strong analytical, strategic, and problem-solving skills.
- Excellent communication and stakeholder management abilities.
- Deep understanding of regulatory requirements (cGMP, GDP, FDA).
- Experience with S&OP, demand planning, and supply chain optimization.
- Ability to work in a matrix environment and influence senior leaders.
- Proficiency in supply chain management methodologies and tools.
- Familiarity with vendor management, contract negotiation, and cost control processes.
- Uses AI tools to enhance individual productivity and quality of work.
Physical Demands
Regular interaction within office, warehouse, and manufacturing environments, with PPE required in certain areas.
Work Environment
Moderate noise levels. Exposure to manufacturing, laboratory, and logistics environments.
Compensation
Indianapolis - RayzeBio - IN $96,148 - $116,508. The starting compensation range(s) for this role are listed above for a full-time employee (FTE) basis. Additional incentive cash and stock opportunities (based on eligibility) may be available. The starting pay rate takes into account characteristics of the job, such as required skills, where the job is performed, the employee's work schedule, job-related knowledge, and experience. Final, individual compensation will be decided based on demonstrated experience.
Benefits
- Health Coverage: Medical, pharmacy, dental, and vision care.
- Wellbeing Support: Programs such as BMS Well-Being Account, BMS Living Life Better, and Employee Assistance Programs (EAP).
- Financial Well-being and Protection: 401(k) plan, short- and long-term disability, life insurance, accident insurance, supplemental health insurance, business travel protection, personal liability protection, identity theft benefit, legal support, and survivor support.
- Work-life Benefits: US Exempt Employees receive flexible time off (unlimited, with manager approval, 11 paid national holidays). Phoenix, AZ, Puerto Rico and Rayzebio Exempt, Non-Exempt, Hourly Employees receive 160 hours annual paid vacation for new hires with manager approval, 11 national holidays, and 3 optional holidays. Based on eligibility*, additional time off may include unlimited paid sick time, up to 2 paid volunteer days per year, summer hours flexibility, leaves of absence for medical, personal, parental, caregiver, bereavement, and military needs, and an annual Global Shutdown between Christmas and New Years Day.