Senior Manager, Commercial Strategic Sourcing (Market Research/Data)

Otsuka Pharmaceutical Co., Ltd. • Princeton, NJ

9d • $134,615 - $201,250

About The Position

The Senior Manager of Commercial Strategic Sourcing will help lead and manage sourcing for the commercial franchises. The Senior Manager of Commercial Strategic Sourcing will execute the Sourcing process at Otsuka for Market Research, and Data. This position will partner with Business Owners and delegated functional sourcing teams to drive the greatest value possible for the organization as we buy goods and services. This role is responsible for execution of the company’s overall Sourcing Strategy and Category Management practice in this category. This role will provide insight and input into all policies, processes, and systems related to Strategic Sourcing in OAPI/OPDC, and partners with other key Sourcing stakeholders in Corporate Services, Supply Chain, R&D, Regional (OAI), and with our parent company in Japan. The Senior Manager of Commercial Strategic Sourcing will also partner with the FP&A teams to understand the future investment plans from the business and identify cost optimization opportunities through strategic sourcing and leading category management practices, maximizing value and minimizing risks for Otsuka.

Requirements

• Experience with Commercial Sourcing strategies within the Pharmaceutical Commercial category; demonstrated expertise in the discipline.
• Experience running sourcing projects.
• Experience interacting with senior level clients and vendors.
• Evaluating and developing procurement strategies to maximize efficiency and minimize cost with minimal oversight.
• Proficient on practices for negotiating supplier contracts that lead to the greatest value for money for the organization.
• Demonstrated proficiency in launching and managing financial KPI's for Sourcing.
• Understands key financial and operational controls needed to run a Sourcing organization in the Pharmaceutical industry.
• Minimum of 3 - 5 years experience in Commercial Strategic Sourcing roles including the ability to work through transformational efforts within the team
• Executive presence and influence with demonstrated ability to tell a story and influence the direction of the organization including at the most senior levels of the organization
• Anticipates trends, understand implication and create actionable plans to prepare for future needs.
• Familiar with emerging Procurement technologies.
• Outstanding communication skills, ability to speak to the business and simplify complex technical sourcing aspects into concepts the business can understand, assess, and ultimately use to make decisions.
• Strong customer service focus.
• Experience listening to client needs and partnering to deliver results that are mutually beneficial for the client and the organization.
• Specific experience in leading large, complex sourcing.
• Effective influencing and negotiating skills, both external and internal, and ability to flex influence with various levels of the organization.
• High degree of analytical skills, able to rapidly understand and synthesize disparate data into meaningful information to support critical business decisions.
• Strong understanding of the pharmaceutical industry and development/commercialization of new drugs.
• Bachelor's degree in Business, Supply Chain, or relevant technical expertise.

Nice To Haves

• Advanced degree (MBA/MS) preferred.

Responsibilities

• At the direction of Sourcing leadership, executes on a Sourcing vision and strategy that aligns with the needs of the business while meeting financial and operational control objectives for Commercial.
• Manage relationships with key vendors that enables operational continuous improvements and innovation.
• Tracks and monitor sourcing policies and process compliance, ensure any exceptions and deviations are reported.
• Creates excellence through consistent, high-quality outcomes.
• Identify continuous improvement opportunities within process area.
• Works with Sourcing leadership to drive 10-15% annual savings within in-scope spend areas.
• Provides support for significant sourcing activities including negotiation of contracts with highest value / highest impact to the company. Several of these contracts will be more than $10M.
• Executes against a common vision and strategy for Strategic Sourcing at Otsuka. Partners with Business leaders and other key stakeholders to gain their perspectives and endorsement of the vision and strategy.
• Produces measurements of success (KPIs) and appropriate processes to capture, consolidate and report on sourcing performance and outcome versus objectives.
• Provides regular reporting of overall sourcing initiatives and their progress, including issues, risks, and other important observations to ELT, Business Leaders, and Stakeholders.
• Provides appropriate training across the organization on the importance of following Sourcing policies and processes.
• Ensures appropriate controls are in place to meet regulatory requirements (i.e. J-sox, Third Party Risk Management, etc.)
• Ensures best practices in Sourcing including accurate spend analysis, usage of RFx tools and templates, contract management, establishment of Preferred Supplier Programs, and ensuring all sourcing savings are realized into the financials.
• Perform daily activities related to commercial sourcing projects including the development of RFx strategy and on-going contract negotiations.
• Develops operational metrics to ensure continuous monitoring and process improvement across all sourcing projects and reports them to Sourcing leadership.
• Ensure all assigned sourcing projects have clear objectives including financial and operational benefits, aligned with business stakeholders.
• Partners with Business Owners and Financial Operations, and other key process owners to ensure project timelines are met.
• Actively seeks development of sourcing and financial capabilities.

Benefits

• Comprehensive medical, dental, vision, prescription drug coverage
• company provided basic life, accidental death & dismemberment, short-term and long-term disability insurance
• tuition reimbursement
• student loan assistance
• a generous 401(k) match
• flexible time off
• paid holidays
• paid leave programs

What This Job Offers

• Job Type: Full-time
• Career Level: Senior