Procurement Lead, Direct Materials
BioSpace · Piscataway, NJ · 5 days ago
Management$100k–$110k/yrFull-time
Job Responsibilities
- Supervise the direct procurement team to ensure smooth daily operations and compliance with SLA and KPI targets, and effectively manage team performance.
- Oversee material planning for Green Channel item replenishment to meet inventory KPIs while ensuring continuity of supply.
- Lead strategic sourcing and manage the procurement process for direct materials and consumables used in production, ensuring alignment with cost objectives, quality standards, and regulatory requirements.
- Develop alternative vendors for critical materials and components to ensure supply continuity and mitigate supply chain risks.
- Conduct category management to identify cost-saving opportunities through vendor consolidation and the use of alternative materials or components.
- Leverage negotiation, analytical, and market research skills to drive value through cost reduction initiatives. Track and report KPIs related to cost savings, cost avoidance, on-time delivery (OTD), and efficiency improvements.
- Execute vendor management by building supplier profiles, conducting regular business reviews, and securing both short- and long-term pricing contracts and Master Supply Agreements (MSAs).
- Serve as the primary point of contact for negotiating and executing contracts and agreements in coordination with the legal team.
- Collaborate closely with production team to provide effective procurement support by understanding production processes, tracking changes in material consumption, and proactively addressing critical issues with urgency.
- Maintain active communication with suppliers of critical materials to stay updated on market conditions, ensure timely deliveries, and identify potential risks and opportunities.
- Work cross-functionally with quality, finance, and other departments to ensure procurement processes remain compliant with company policies and regulatory standards.
- Respond to internal and external audit challenges by providing complete and accurate procurement documentation and justifications.
Qualifications
- Bachelor’s degree or higher in Business, Supply Chain Management, Biology and Chemistry, or other related fields.
- 3-5 years of experience in procurement, strategic sourcing or planning of direct materials, preferably in the biotech or pharmaceutical industries.
- Demonstrated leadership through previous experience in people management or project management.
- Strong negotiation, analytical, and communication skills.
- Good knowledge of materials used in biotech/pharma production, including raw materials, consumables and packing materials.
- Ability to effectively communicate complex situations and demonstrate agility in identifying opportunities for cost reduction and problem-solving.
- Proficiency in ERP systems of SAP and S2P is a plus.