Senior Procurement Specialist

Our company is a global health care leader with a diversified portfolio of prescription medicines, vaccines and animal health products. The difference between potential and achievement lies in the spark that fuels innovation and inventiveness; this is the space where our company has codified its legacy for over a century. Our company’s success is backed by ethical integrity, forward momentum, and an inspiring mission to achieve new milestones in global healthcare. Our ability to excel depends on the integrity, knowledge, imagination, skill, and teamwork of individuals like you. To this end, we strive to create an environment of mutual respect, encouragement and teamwork. As part of our global team, you will have the opportunity to collaborate with talented and dedicated colleagues while developing and expanding your career.

About the role

Direct Materials Procurement- New Product Introduction is responsible for the development and implementation of all supplier management strategies and initiatives, improving supply chain resiliency, and driving improvements in cost, supplier performance and working capital, in support of manufacturing and supply of our company products. Strategic Supplier Management is a rigorous, data-driven methodology which relies upon high quality market intelligence for suppliers, supply markets and supply chains, as well as strategic analysis and reporting of internal business requirements, supplier performance, spend and savings data.

The successful candidate will actively engage in the interface between our Research and Development Division and our Manufacturing Division by providing strategic sourcing solutions during the development of new Pipeline Products. The role involves gathering, creating, delivering, tracking, analyzing, modeling, and managing data for various strategic initiatives within Small and Large Molecules area of Direct Materials Procurement, including support for bioconjugates and antibody drug conjugates. The candidate will enable progress on projects and procurement organizational objectives through effective project management, communications, strategy execution, and focused team performance.

Responsibilities

• Collect and present market trends and dynamics, competitive environment, and industry best practices to assist in the creation of the sourcing strategy.
• Collaborate with other key functions to develop the overall sourcing strategy and ensure seamless execution across all modalities until launch + 2 years.
• Support strategic and operating objectives for the procurement function, including product sourcing, supply risk management, supplier performance improvement, cost reduction, supplier 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 to provide deep and meaningful insights.
• Implement procurement strategies and execute tactical procurement processes.
• Serve as a resource regarding processes, procedures, and systems for the procurement function.
• Support the selection of suppliers to ensure appropriate savings and service levels, ensuring all legal contract requirements are met.
• Manage relationships with selected external contacts to ensure optimal team performance.
• Enforce compliance with all Global Procurement policies and procedures using a data-driven business case approach.
• Conduct rigorous market intelligence and detailed supplier and supply market analyses.
• Construct detailed cost models and purchase price analyses of goods and services, including supplier visits to understand cost structures and develop cost reduction opportunities.
• Conduct project analysis to transform information into insightful, well-structured breakthrough options and opportunities (e.g., Portfolio Analysis, Supplier Preferencing, and Day One Sourcing).
• Prepare analysis and reporting of category spend, savings, compliance, and other metrics; 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.
• Create detailed pre-negotiation plans, support and participate in negotiation sessions with suppliers, and conduct post-negotiation debriefs and follow-through plans.
• Create and execute RFIs, RFPs, and e-Auctions, with subsequent structured information analysis 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.
• Be an active member of one or more category teams, using techniques and content to create breakthrough strategies delivering cost reduction targets.
• Generate high-quality work and share learnings with colleagues throughout the Global Supplier Management Group (GSMG).

Requirements

• Master’s degree in Engineering, Science, Supply Chain, or Procurement.
• Minimum 2+ years of relevant work experience in the pharmaceutical industry.
• Adaptability and ability to work across multiple enterprise initiatives, with effective communication across different levels of the organization.
• Excellent verbal and written communication skills, including the ability to make clear and concise presentations and sensitivity to cultural differences in communication.
• Ability to influence external partners to drive meaningful outcomes.
• Advanced data collection, management, analytics, 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 knowledge within the company’s environment.
• Proficient in Microsoft Office suite (Excel, PowerPoint, Word).

Preferred Qualifications

• Prior pharmaceutical industry experience or experience in a Fortune 500 company.
• Cost modeling experience.
• Experience with MS Teams, SharePoint, or other collaboration websites.
• Experience with PowerBI or other data analytic/visualization tools.
• Experience using Excel to manage large datasets.
• Experience managing external relationships.
• Experience with data collection methods.

Skills

• Required Skills: Adaptability, Analytical Thinking, Benchmarking, Contract Management, Cost Reduction Initiatives, Data Analytics, Driving Continuous Improvement, Financial Analysis, Influencing Skills, Negotiation Planning, Negotiation Tactics, Procurement Management, Procurement Strategies, Production Planning, Regulatory Compliance, Risk Assessments, Risk Evaluation And Mitigation Strategy (REMS), Risk Management, Strategic Procurement, Supplier Management, Supplier Relationship Management, Supplier Selection, Supply Chain Processes.
• Preferred Skills: Experience with chemicals and raw materials.