Director, Strategic Purchasing

Stoke Therapeutics•Bedford, MA

1d•Hybrid

About The Position

Stoke Therapeutics is a biotechnology company focused on RNA medicine to restore protein expression. They are developing antisense oligonucleotides (ASOs) to selectively restore naturally occurring protein levels. Their lead medicine, zorevunersen, is in Phase 3 for Dravet syndrome and is being developed in collaboration with Biogen. Another ASO, STK-002, is in Phase 1 for autosomal dominant optic atrophy (ADOA). Stoke also has early research in Syngap1. Their initial focus is on central nervous system and eye diseases caused by haploinsufficiency, with potential applications in other areas.

Requirements

Minimum of 10 years of relevant experience; minimum of 5 years leading a strategic sourcing and procurement function in the pharmaceutical/biotech industry
Bachelor's degree required, advanced degree preferred
Experience leading and building strategic sourcing and procurement capabilities in a high growth clinical development environment required, commercial experience also required
Solid understanding of the overall drug development process with an emphasis on clinical trials, CRO vendor management, clinical supply chain and commercial manufacturing
Ability to lead cross functional teams and develop strong partnerships internally and externally
Deep understanding of contract terms, provisions, and their impacts to the business; extensive experience negotiating complex agreements across all functions
Can manage multiple programs/projects, sound organizational and time management skills
Ability to develop concise presentations to convey complex issues at all levels of Management
Ability to adapt and effectively problem solve through partnering with stakeholders in a constructive manner, and operate in a fast-paced environment

Responsibilities

Develop and implement an enterprise-wide strategic sourcing and procurement framework that encompasses best in class processes for vendor sourcing, selection, qualification, risk assessment, onboarding, performance management, and lifecycle governance, ensuring alignment with business objectives, regulatory requirements, and quality standards
Develop and implement end-to-end procurement strategies and processes, including aligning procurement activities with the overall business goals and objectives
Oversee procurement operations, ensure efficiency, cost-effectiveness, and compliance with company policies and regulations and ensure that all procurement activities are conducted efficiently and effectively
Manage the RFPs/RFQs/RFIs process, review materials in partnership with business stakeholders and legal
Negotiate contracts to secure favorable terms and conditions for the company in partnership with functional business partners and legal
Identify, evaluate, and select partners that are qualified to meet Stoke’s needs in terms of cost, quality, delivery, and innovation
Conduct spend analysis across functional areas to gain a comprehensive understanding of spending patterns, supplier performance, and potential cost-saving opportunities
Build and maintain strong relationships with key suppliers, fostering collaboration and ensuring quality and reliability, manage performance and taking corrective action when necessary
Monitor and analyze procurement performance, track key performance indicators (KPIs) to identify areas for improvement and drive continuous improvement
Ensure compliance with all relevant laws, regulations, and company policies
Stay informed about the latest trends and technologies in the strategic sourcing and procurement industry and share knowledge across the company