2027 Future Talent Program - Global Supplier Management Group Research & Development Sourcing & Procurement Co-op

MSD•Upper Gwynedd Township, PA

1d•$39,908 - $111,111•Hybrid

About The Position

The Future Talent Program offers cooperative education opportunities lasting up to six months and involving one or more projects. This role is within the Global Support Division and supports several facets of the Research and Development Sourcing & Procurement organization. Strategic Supplier Management uses high-quality supplier, supply-market, and supply-chain intelligence, together with analysis of business requirements, supplier performance, spend, and savings data. The co-op supports strategic sourcing for drug discovery and development, including discovery sciences, preclinical development, clinical development, regulatory affairs, and laboratory supplies and equipment. The position contributes to market intelligence and strategic analysis; pre-negotiation planning; RFIs, RFPs/RFQs, and e-auctions; quotation analysis and cost modeling; financial solvency analysis, risk assessments, FCPA verification, and other compliance and due-diligence assessments; supplier performance monitoring and issue resolution; budget planning; and reporting of spend, savings, and compliance metrics. The role works with cross-functional teams and external suppliers to support procurement objectives, implement sourcing and procurement processes, assess suppliers, maintain compliance, and contribute to category strategies and cost-reduction targets. It also includes financial reporting-system maintenance, sharing learnings with colleagues, and contributing to corporate communications.

Requirements

Currently be a sophomore- or junior-level student pursuing a bachelor's degree in business (such as Finance or Management), Supply Chain Management, Manufacturing, Market Research, Communications, or a science-related discipline; alternatively, currently be enrolled in an MBA or other graduate program.
Demonstrate superior interpersonal skills and the ability to work successfully on cross-functional teams.
Have excellent verbal and written communication skills, including the ability to deliver clear and concise presentations and sensitivity to cultural differences in communication.
Have experience with SharePoint and Enterprise Social Media, specifically Yammer, and familiarity with business communication, marketing, and/or journalism principles.
Have strong data collection, analysis, and reporting skills.
Have excellent project-management skills.
Be able to work independently and adapt flexibly to ambiguous and dynamic situations.
Be a quick learner motivated to develop technical, business, and commercial skills by applying knowledge in the company environment.
Be proficient in Microsoft Office, including Excel, PowerPoint, and Word.
Demonstrate excellent academic achievement.
Focus on process improvement and simplification.

Nice To Haves

GPA of 3.0.
Prior pharmaceutical-industry experience or experience with a Fortune 500 company.
Experience using SharePoint or similar collaboration websites.
Experience using TIBCO Spotfire or other data analytics or visualization tools.
Experience using Excel to manage large data sets.
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 Legal, Finance, Procure-to-Pay, internal stakeholders, and external suppliers.
Conduct detailed market and supplier analyses using facts and data to develop meaningful insights for sourcing teams.
Implement procurement efforts 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 supplier relationships and communications.
Promote compliance with Global Procurement policies and procedures using data-driven business cases.
Construct cost models and purchase-price analyses and identify cost-reduction opportunities, including through supplier visits when needed.
Monitor supplier performance; investigate root causes; manage issues; and assess and mitigate risks.
Conduct strategic analyses, such as portfolio analysis, supplier referencing, and Day One Sourcing, to develop sourcing options and opportunities.
Prepare monthly category spend, savings, compliance, and other metrics reporting; support the annual global category budget and profit-planning process; and maintain financial reporting and management systems, including SAP, with current data.
Prepare negotiation plans, participate in or lead extended 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 such as FCPA and Business Partner Code of Conduct reviews, and establish risk-mitigation plans.
Participate actively in one or more category teams and contribute analyses and techniques to strategies that deliver cost-reduction targets.
Produce high-quality work and share and transfer learnings to colleagues throughout GSMG.
Identify communications opportunities and process improvements; provide guidance on communications best practices; draft and edit articles, blogs, newsletters, and slides; and participate proactively in the Change Agent Network.