Clinical Development Sourcing and Procurement Analyst

MSD-posted 2 months ago
$77,700 - $122,300/Yr
Full-time • Mid Level
5,001-10,000 employees
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The selected candidate will provide procurement support for Clinical Development Sourcing and Procurement (CDSP) in Clinical Trial Central Labs. This includes sourcing of clinical services utilizing the Sourcing Management Process for strategic analysis of suppliers, supply markets and supply chains. This role works closely with internal stakeholders in the clinical research, procurement, and finance organizations to achieve cross-functional business objectives. This role is responsible for negotiating costs, executing contracts and ongoing contract management. This role will report to the Associate Director, Clinical Trial Central Labs to support high quality sourcing initiatives and procurement category management.

  • Contract Execution and Management - to prepare various contract documents for internal review, approval, and signature in collaboration with the CDSP team; ensure contracts are filed to the appropriate systems and tracked internally
  • Sourcing - to assist in creating and executing RFIs, RFPs, RFQs together with structured information analysis to inform procurement strategy development and decision-making.
  • Budget Negotiation - to support negotiations with suppliers based on detailed analysis of internal business requirements, supplier costs, and external benchmarks.
  • Stakeholder Support - to provide support for budgetary and contractual decisions/actions as part of a cross-functional team. Appropriately escalate issues and concerns to procurement management and other functional areas such as Legal, Privacy, Compliance, etc.
  • Supplier Performance Management - to monitor, report, manage, and continuously improve supplier performance as part of a cross-functional team.
  • Category Team Membership – to be an active member of a category team to influence the development and optimization of ongoing supplier and sourcing strategies.
  • Best Practice Sharing – to generate work of a world class quality that is shared and transferred to colleagues throughout procurement.
  • Minimum 3 years experience in roles including but not limited to the academic research, pharmaceutical industry, clinical research or procurement.
  • Excellent interpersonal and communication skills.
  • Formal presentations are required.
  • Ability to negotiate and influence stakeholders and suppliers in the context of a challenging clinical trial environment.
  • Must be adaptable in dealing with ambiguous and complex situations.
  • Highly Proficient in Excel.
  • Able to effectively contribute to projects within diverse cross functional teams to achieve client, department, and company goals.
  • Experience, either at a sponsor or Contract Resource Organization (CRO), working on outsourced services for clinical trials.
  • Proficiency working in Excel and Ariba.
  • Superior analytical skills in evaluating complex research services budgets, comparing supplier bids and internal benchmarking data.
  • Relevant experience may include clinical trials management, outsourced clinical services, contract management, laboratory experience or relationship management related to clinical trials.
  • Experience in clinical trial central lab services is strongly preferred.
  • Medical, dental, vision healthcare and other insurance benefits (for employee and family)
  • Retirement benefits, including 401(k)
  • Paid holidays
  • Vacation
  • Compassionate and sick days
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