Senior Specialist, Global Procurement

MSD • Upper Gwynedd Township, PA

3d • $96,200 - $151,400 • Hybrid

About The Position

Our company is a global health care leader with a diversified portfolio of prescription medicines, vaccines and animal health products. The difference between potential and achievement lies in the spark that fuels innovation and inventiveness; this is the space where our company has codified its legacy for over a century. Our company’s success is backed by ethical integrity, forward momentum, and an inspiring mission to achieve new milestones in global healthcare. Our ability to excel depends on the integrity, knowledge, imagination, skill, and teamwork of an individual like you. To this end, we strive to create an environment of mutual respect, encouragement and teamwork. As part of our global team, you will have the opportunity to collaborate with talented and dedicated colleagues while developing and expanding your career. Direct Materials Procurement- New Product Introduction is responsible for the development and implementation of all supplier management strategies and initiatives, improving supply chain resiliency, and driving improvements in cost, supplier performance and working capital, in support of manufacturing and supply of our company products. Strategic Supplier Management is a rigorous, data-driven methodology which relies upon high quality market intelligence for suppliers, supply markets and supply chains, as well as strategic analysis and reporting of internal business requirements, supplier performance, spend and savings data. The successful candidate will actively engaged in the interphase between our Research and Development Division and our Manufacturing Division by providing supporting strategic sourcing solutions during the development of new Pipeline Products The successful candidate will be responsible for the gathering, creating, delivering, tracking, analyzing, modeling, and managing data for various strategic initiatives within Small, Large Molecules area of Direct Materials Procurement. The candidate will also support bioconjugates and antibody drug conjugates. Will enable progress on projects and procurement organizational objectives and accelerate organizational performance through effective project management and communications, strategy execution, and focused team performance.

Requirements

• Minimum 2+ years of relevant work experience in the pharmaceutical industry.
• Adaptability and ability to work across multiple enterprise initiatives, able to communicate effectively across different levels of organization.
• Possess excellent verbal and written communication skills including ability to make clear and concise presentations, sensitivity to cultural differences in communication.
• Ability to influence external partners to drive meaningful outcomes.
• Advanced data collection, management, analytics and reporting skills.
• Excellent project management skills
• Ability to work independently with a high degree of flexibility and adaptability to deal with ambiguous and dynamic situations.
• Quick learner and motivated to cultivate technical, business and commercial skills by applying their knowledge within company’s environment.
• Proficient in Microsoft office suite (Excel, PowerPoint, Word)

Nice To Haves

• Prior pharmaceutical industry experience or any fortune 500 company experience.
• Cost modeling experience
• Experience with using MS Teams, SharePoint or other similar collaboration websites.
• Experience with PowerBI or other data analytic/visualization tools
• Experience with using Excel to manage large datasets.
• Experience managing external relationships.
• Experience with data collection methods.

Responsibilities

• Responsible to collect and present market trends and dynamics, competitive environment and industry best practices in order to assist in the creation of the sourcing strategy.
• Collaborate along with other key functions - the overall sourcing strategy and ensure seamless execution across all modalities until launch + 2 years.
• Support strategic and operating objectives for the procurement function including product sourcing, supply risk management, supplier performance improvement, cost reduction, supplier 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 looking at facts and data with the objective of providing deep and meaningful insights
• Implement procurement strategies and execute tactical procurement processes.
• Serve as a resource regarding processes, procedures and systems for procurement function.
• Support selection of suppliers to ensure appropriate savings and service levels.
• Ensure that all legal contract requirements are met.
• Manage relationships with selected external contacts to ensure optimal team performance.
• Enforce compliance with all Global Procurement policies and procedures by using a data driven business case approach.
• Conduct rigorous market intelligence and detailed supplier and supply market analyses, to provide deep and meaningful insight to sourcing teams.
• Construct detailed cost models/purchase price analysis of goods and services that are supplied to our company. At times, this will require supplier visits to create a complete understanding of the cost structure of suppliers and develop cost reduction opportunities.
• Conduct project analysis which transforms information into insightful, well-structured breakthrough options and opportunities. Examples include Portfolio Analysis, Supplier Preferencing, and Day One Sourcing.
• Prepare analysis and reporting of category spend, savings, compliance, and other metrics.
• Support the annual budget / profit planning process for the category at the global level.
• Maintain financial reporting and management systems (including SAP) with up-to-date data on an ongoing basis.
• Create detailed pre-negotiation plans, to support and participate in prolonged negotiation sessions with suppliers and to conduct post negotiation debriefs and follow through plans.
• Create and execute RFIs, RFPs, and e-Auctions, together with subsequent structured information analysis wherever possible using electronic procurement processes.
• Conduct effective risk assessment (including Financial Solvency Analysis, compliance with FCPA, Business Partner Code of Conduct, etc.) and establish appropriate risk mitigation plans within the supply-base pursuant to our company Manufacturing Division's risk management framework.
• Be an active member of one or more category teams using the techniques and content created in above as input in the creation of breakthrough strategies delivering cost reduction targets.
• Generate high quality work and to share and transfer this to colleagues throughout Global Supplier Management Group (GSMG)

Benefits

• medical, dental, vision healthcare and other insurance benefits (for employee and family)
• retirement benefits, including 401(k)
• paid holidays
• vacation
• compassionate and sick days

What This Job Offers

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