Talent Program - Global Supplier Management Group Research & Development Sourcing

Job Description

The Future Talent Program features Cooperative (Co‑op) education that lasts up to 6 months and will include one or more projects. These opportunities in our Global Support Functions Division can provide you with great development and a chance to see if we are the right company for your long‑term goals.

Responsible for conducting strategic sourcing initiatives in support of drug discovery and development, specifically in the areas of discovery sciences, preclinical development, clinical development, regulatory affairs, and lab supplies and equipment, within our Research & Development Division.

• Support strategic and operating objectives for the procurement function including product sourcing, supply risk management, supplier performance improvement, cost reduction, supplier diversity 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 efforts 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 external contacts to ensure optimal team performance and take appropriate actions by implementing contract negotiation and communication with suppliers.
• Enforce compliance with all Global Procurement policies and procedures by using a data‑driven business case approach.

• Supplier and Supply Market Analysis – to conduct rigorous market intelligence and detailed supplier and supply market analyses, to provide deep and meaningful insight to Sourcing teams.
• Cost Modeling / Cost reduction – to 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.
• Supplier Performance Management – supplier performance monitoring, root cause investigation, issue management, risk assessment and mitigation.
• Strategic Analysis – to conduct up to six types of project analysis which transforms the information gathered into insightful, well‑structured breakthrough options and opportunities. Examples include Portfolio Analysis, Supplier Referencing, and Day One Sourcing.
• Financial Analysis & Reporting – to prepare analysis and reporting of category spend, savings, compliance, and other metrics data on a monthly basis. To support the annual budget/profit planning process for the category at the global level. To maintain financial reporting and management systems (including SAP) with up-to-date data on an ongoing basis.
• Negotiation Planning – to create detailed pre‑negotiation plans, to lead and participate in any prolonged negotiation sessions with suppliers and to conduct post‑negotiation debriefs and follow‑through plans.
• Sourcing – to create and execute RFIs, RFPs, and e‑Auctions, together with subsequent structured information analysis wherever possible using electronic procurement processes.
• Risk Assessment and Mitigation – to 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 Manufacturing Division's risk management framework.
• Category Team Membership – to 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.
• Sharing of Learnings – the incumbent will be expected to generate work of world‑class quality and to share and transfer this to colleagues throughout GSMG.
• Corporate Communications – to identify…