Role Summary
The Strategic Sourcing Manager will be responsible for managing the indirect procurement activities within the Clinical Operations category. This role will facilitate sourcing with necessary vendors for multiple clinical trials and partner closely with business partners to cultivate strong supplier partnerships to drive increased value.
Responsibilities
- Lead RFPs, vendor selection, contract negotiations and onboarding as needed for suppliers related to clinical operations (CROs, IRT, eCOA, laboratory services, etc.).
- Drive increased value for the category through sourcing activities, focusing on cost and cash flow improvements and increased supplier performance.
- Collaborate with the business to manage vendor performance, SLAs and KPIs to ensure alignment with business needs and inform future negotiations.
- Monitor market trends, compliance requirements and risk factors related to clinical operations.
- Track and analyze spend to identify initiatives to optimize spending and create greatest supplier value for money.
Qualifications
- Required: Bachelor's degree; 5 years of minimum experience within the function. Master’s degree/MBA is a plus.
- Progressive experience in strategic sourcing, category management, and/or procurement operations is required.
- Experience in global sourcing of clinical trials and related services is highly desirable.
- Experience in pharma/biotech/life sciences and working knowledge of drug development processes is highly desirable.
- Experience working in a start-up and/or mid-cap sized company is highly desired.
- Strong project management and excellent communication skills (verbal and written), with attention to clarity, accuracy, and conciseness.
- Strong track record of cross-functional collaboration with the ability to incorporate stakeholder feedback and influence outcomes.
- Strong business/financial acumen with proven negotiation skills; high degree of analytical ability to synthesize data into meaningful information.
- Demonstrates the five core corporate competencies: Collaboration, Accountability, Passion, Respect, and Integrity; and ability to operate in a dynamic, culturally diverse workplace.
Skills
- Cross-functional collaboration
- Negotiation and supplier management
- Analytical thinking and data-driven decision making
- Financial acumen related to procurement
- Effective verbal and written communication
Education
- Bachelor’s degree required; Master’s degree/MBA preferred.
Additional Requirements
- Location: Hybrid role based out of Bridgewater, New Jersey; option to work remotely most of the time with in-person collaboration as needed.
- Travel: Occasional domestic travel of less than 25%.