Sourcing Manager

MSD • Upper Gwynedd Township, PA

9d • $96,200 - $151,400 • Hybrid

About The Position

The selected candidate will provide procurement support for Clinical Trial Specialty Services. This includes strategic analysis of suppliers, supply markets and supply chains to inform the development, execution and ongoing management of clinical sourcing strategies. Key data includes internal budgets, supplier budgets and invoicing information. This role works closely with internal stakeholders in the clinical research, procurement, and finance organizations to achieve cross-functional business objectives. The Sourcing Manager is also responsible for certain aspects of contract execution and ongoing contract management. This role will report to the Director to support high quality sourcing initiatives and procurement category management.

Requirements

• Minimum of 5 years professional experience in roles such as, but not limited to, procurement, purchasing, supply chain management, finance, vendor management etc
• Superior analytical skills in evaluating complex clinical trial budgets, comparing supplier bids and internal benchmarking data
• Ability to negotiate and influence stakeholders and suppliers in the context of a challenging clinical trial environment
• Excellent interpersonal and communication skills. Formal presentations are required
• Must be adaptable in dealing with ambiguous and complex environments
• Able to effectively lead work within diverse cross functional teams to achieve client, department, and company goals
• Adaptability
• Audits Compliance
• Business Partnerships
• Clinical Research
• Clinical Supply Chain Management
• Commercial Contract Negotiations
• Data Analysis
• Distribution Management
• Driving Continuous Improvement
• Negotiation
• Outsourcing
• Purchasing Management
• Risk Management
• Stakeholder Engagement
• Stakeholder Management
• Strategic Planning
• Strategic Procurement
• Strategic Sourcing Methodology
• Supplier Management
• Supplier Negotiations
• Supplier Relationship Management
• Supply Chain Metrics
• Supply Market Analysis
• Technological Change
• Vendor Management

Nice To Haves

• Certification in six sigma desirable
• MBA or advanced degree are desirable
• Knowledge and understanding of pharmaceutical industry, clinical research process and clinical trial operations
• Extensive experience in managing sponsor/supplier interactions across various roles, including business development, project management, contract management, and relationship management.
• Proficiency working in Excel and Ariba
• Current Employees apply HERE
• Current Contingent Workers apply HERE
• US and Puerto Rico Residents Only
• San Francisco Residents Only
• Los Angeles Residents Only
• Search Firm Representatives Please Read Carefully
• Employee Status: Regular
• Relocation: No relocation
• VISA Sponsorship: No
• Travel Requirements: 10%
• Flexible Work Arrangements: Hybrid
• Shift: 1st - Day
• Valid Driving License: No
• Hazardous Material(s): N/A

Responsibilities

• Sourcing - to create and execute RFIs, RFPs, RFQs together with structured information analysis and using Ariba systems
• Budget Negotiation - to conduct negotiations with suppliers based on detailed analysis of internal specifications, supplier costs, and internal benchmarks
• Contract Execution and Management - to prepare, finesse, and implement appropriate forms of contract and commitment with suppliers involving legal counsel and senior management as needed
• Stakeholder Support - to provide appropriate guidance around budgetary and contractual impacts of 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
• Business Partnering - to work closely with scientific and operational stakeholders and to develop successful, long-term, strategic relationships that enable joint achievement of shared organizational objectives
• Supplier Performance Management - to monitor, report, manage, and continuously improve supplier performance as part of a cross-functional team
• Supplier and Supply Market Analysis – to evaluate suppliers and supply markets based on facts, data, reports, and changes in technology with the objective of providing deep and meaningful insight to Sourcing Management teams
• Category Team Membership – to be an active member of a category team to influence the development and optimization of ongoing supplier and sourcing strategies

Benefits

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

What This Job Offers

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