Global Strategic Sourcing Full-Time Positions

Company: Vertex Pharmaceuticals
Location: Boston
Posted on: October 23, 2024

Job Description:

Global Strategic Sourcing Full-Time Positions
Job Description
General Summary:
We are seeking Senior Managers through Directors to join our Global Strategic Sourcing Team. These individuals will lead Category Management activities including development and execution of Sourcing Strategies, often in complex spend areas, as well as RFx development, competitive bid analysis, contract development and negotiation planning, and strategic supplier ongoing management for specific spend category(ies). The individual will be expected to leverage benchmarking data and market research, as necessary, to support Category management and the development of strategic sourcing strategies and initiatives. The Senior Manager will interface closely with Business Partners to understand their business priorities and needs, and in turn, to define specific initiatives to support the business. This role is also expected to support the optimization of internal sourcing processes, workflows and interfaces in effort to reduce time of delivery and costs in support corporate objectives and industry best practices.
Key Duties and Responsibilities:

• 
  
• Leads Category Management for specific complex category areas including the development of sourcing strategies, management of strategic supplier relationship and performance management, in addition to tactical RFx activities.
  
• Uses applicable e-Sourcing tools to support sourcing activities and analysis.
  
• Drives the development and implementation of sourcing strategies as well as cost reduction initiatives.
  
• Performs market research to support Category strategies and/or sourcing activities with the ability to filter data into a relevant, actionable format.
  
• Manages the Supplier Performance/Relationship Management process that may include Executive Business Reviews that include Senior leaders both within Vertex and with the 3rd party. Responsible for meeting preparation, pre-read documents, capturing action items, and ensuring appropriate follow-up.
  
• Supports the Business Owner with identification of all applicable risks as part of the Sourcing process, including coordination with Risk Subject Matter Experts to properly assess and develop mitigation plans, where necessary.
  
• Manages the entire RFx process including, but not limited to, the development of the requirements, drafting RFP documents, facilitation of team meetings and vendor sessions, negotiation of terms and pricing with the vendors, and ultimately supporting the execution of Supplier Agreements.
  
• Develops annual cost savings targets, in collaboration with Business Partners and Finance, within their specific category(ies).
  
• Manages complex negotiations on price and terms, that often include other internal stakeholders such as Business Partners and Legal.
  
• As a people manager within the organization, may have financial accountabilities and human resource responsibilities for assigned staff.
  
  Knowledge and Skills:
  
  • 
    
  • Deep understanding of Category Management within specific areas of expertise; able to manage and drive all aspects of Strategic Sourcing including RFx execution, negotiation, contract execution, supplier performance management, and business stakeholder management.
    
  • Viewed as a resource within their category(ies) by Business Partners; able to bring new ideas and information that create tangible value to business.
    
  • Proficient in Microsoft Office, strong knowledge of ERP systems, and related e-Sourcing tools, including business intelligence and reporting platforms.
    
  • Expertise in complex supplier negotiations and supplier management activities.
    
  • Strong analytical capabilities (data analysis and benchmarking research) as well as PowerPoint skills; expertise working with data analytical/reporting tools such as Power BI, Tableau, etc.
    
  • Sound understanding and demonstrated use of Continuous Improvement tools (including Pareto Charts, Flow Diagrams, etc.) to drive process improvements.
    
  • Strong project management and organizational skills. Able to create detailed project plans, including an understanding of dependencies as well as critical path elements for larger, more involved projects.
    
  • Able to lead teams in a collaborative manner to drive successful outcomes.
    
  • Strong communication skills (both written and verbal); able to clearly articulate opinions in concise and persuasive manner.
    
  • Deep knowledge and understanding of contract law, including all terms and conditions.
    
  • Ability to work in collaborative, team environment; ability to cultivate and maintain effective business partner relationships through earned respect and trust.
    
  • Ability to manage several projects while ensuring deliverables are fully met on-time.
    
    Education and Experience:
    
    • 
      
    • Bachelor's degree in relevant discipline from a 4-year College or University.
      
    • Typically requires 6+ years of specific Sourcing experience, ideally several within a pharmaceutical / biotech industry, with one year experience in a management/supervisory role.
      
      Flex Designation:
      Hybrid-Eligible Or On-Site Eligible
      Flex Eligibility Status:
      In this Hybrid-Eligible role, you can choose to be designated as:1. Hybrid: work remotely up to two days per week; or select2. On-Site: work five days per week on-site with ad hoc flexibility.
      Company Information
      Vertex is a global biotechnology company that invests in scientific innovation.
      Vertex is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person's race, color, sex, gender identity or expression, age, religion, national origin, ancestry, ethnicity, disability, veteran status, genetic information, sexual orientation, marital status, or any characteristic protected under applicable law.
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Keywords: Vertex Pharmaceuticals, Quincy , Global Strategic Sourcing Full-Time Positions, Other , Boston, Massachusetts