2027 Future Talent Program - Global Supplier Management Group Direct Advanced Strategy and Procurement - Co-op
About The Position
The Future Talent Program offers cooperative education opportunities lasting up to six months and involving one or more projects. This Co-op role in the Global Support Division provides development opportunities through work on strategic supplier management and direct materials sourcing and procurement. Strategic Supplier Management uses market intelligence, strategic analysis, and reporting on business requirements, supplier performance, spend, and savings. Co-op positions generally last five to six months and include multiple projects. The successful candidate may support projects involving market intelligence and strategic analysis; pre-negotiation planning; RFIs, RFPs/RFQs, and e-auctions; quotation analysis and cost modeling; financial solvency analysis; risk assessments and compliance due diligence; supplier performance monitoring and issue resolution; budget planning; and reporting on spend, savings, and compliance metrics. The role may also focus on digitization and data analytics. Direct Materials Sourcing & Procurement develops and implements supplier management strategies and initiatives and CapEx programs, and drives improvements in cost, supplier performance, and working capital to support the manufacture and supply of company products. The Co-op will work with cross-functional teams and suppliers, conduct market and supplier analyses, support sourcing and procurement strategies, prepare financial and strategic analyses, and contribute to category teams and procurement objectives. The work may include supplier visits for cost analysis and prolonged supplier negotiations. The position is hybrid, with no relocation or travel required.
Requirements
- Currently a sophomore or junior 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); alternatively, currently enrolled in an MBA program.
- Superior interpersonal skills and demonstrated ability to work successfully on cross-functional teams.
- Excellent verbal and written communication skills, including the ability to give clear and concise presentations and sensitivity to cultural differences in communication.
- Experience with SharePoint and Enterprise Social Media, specifically Yammer, and familiarity with business communication, marketing, and/or journalism principles.
- Strong data collection, analysis, and reporting skills.
- Excellent project management skills.
- Ability to work independently with flexibility and adaptability in ambiguous and dynamic situations.
- Ability and motivation to learn quickly and develop technical, business, and commercial skills by applying knowledge in the company's environment.
- Proficiency in Microsoft Office, including Excel, PowerPoint, and Word.
- Demonstrated excellent academic achievement.
Nice To Haves
- GPA of 3.0.
- Prior pharmaceutical industry experience or experience at a Fortune 500 company.
- Completion of two or more internships or co-ops.
- Experience with MS Teams, SharePoint, or similar collaboration websites.
- Experience with Power BI, Qlik, or other data analytics or visualization tools.
- Experience using Excel to manage large data sets.
- Ability to communicate information in presentations for stakeholders and colleagues.
- Knowledge of data collection methods such as polls, focus groups, and surveys.
Responsibilities
- Support procurement objectives 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 using facts and data to provide meaningful insights to sourcing teams.
- Implement procurement strategies and execute tactical procurement processes; serve as a resource on procurement processes, procedures, and systems.
- Support supplier selection to achieve appropriate savings and service levels, ensure legal contract requirements are met, and manage relationships with selected external contacts.
- Promote compliance with Global Procurement policies and procedures using data-driven business cases.
- Conduct supplier and supply-market intelligence and analysis.
- Construct cost models and purchase-price analyses; where needed, visit suppliers to understand cost structures and develop cost-reduction opportunities.
- Conduct strategic project analysis, including examples such as Portfolio Analysis, Supplier Preferencing, and Day One Sourcing.
- Prepare category spend, savings, compliance, and other financial analyses and reports; support the global category annual budget and profit-planning process; maintain up-to-date financial reporting and management systems, including SAP.
- Create detailed pre-negotiation plans, support and participate in supplier negotiations, and conduct post-negotiation debriefs and follow-through.
- Create and execute RFIs, RFPs, and e-auctions, and analyze the resulting information using electronic procurement processes where possible.
- Conduct risk assessments, including financial solvency and compliance assessments, and establish risk mitigation plans within the applicable manufacturing risk management framework.
- Participate in one or more category teams, contributing analysis and techniques to strategies that deliver cost-reduction targets.
- Produce high-quality work and share and transfer learnings to colleagues.
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What This Job Offers
Career Level
Intern
