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Merck

Makes medicines, vaccines and animal treatments

Marketing Procurement Co-op - Global Supplier Management Group, Indirect Procurement

Procurement & SourcingConfirmed live in the last 24 hours
Internship$39.9k - $111.1k

About the Job

Requirements

  • Currently be in sophomore- or junior-level curriculum pursuing a bachelor's degree in business (such as finance or management), supply chain management, manufacturing, market research, communications, or a science-related discipline such as engineering, statistics, biology, chemistry, biochemistry, or bioengineering.
  • Demonstrate strong interpersonal skills and the ability to work successfully on cross-functional teams.
  • Have strong verbal and written communication skills, including the ability to make clear and concise presentations and sensitivity to cultural differences in communication.
  • Have strong data collection, analysis, and reporting skills.
  • Have strong project management skills.
  • Be able to work independently and adapt flexibly to ambiguous and dynamic situations.
  • Be motivated to develop technical, business, and commercial skills by applying existing knowledge in the company's environment.
  • Have experience with SharePoint and enterprise social media, specifically Teams and Yammer, and familiarity with business communication, marketing, and/or journalism principles.
  • Be proficient in Microsoft Office, including Excel, PowerPoint, and Word.
  • Demonstrate strong academic achievement.

Responsibilities

  • Support procurement objectives 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 using facts and data to provide meaningful insights.
  • Implement procurement efforts and execute tactical procurement processes; serve as a resource on procurement processes, procedures, and systems.
  • Support supplier selection to achieve appropriate savings and service levels, ensure legal contract requirements are met, manage external relationships, implement contract negotiations, communicate with suppliers, and modify procedures as needed to ensure customer satisfaction.
  • Enforce Global Procurement policies and procedures using a data-driven business case approach.
  • Conduct market intelligence and supplier and supply market analyses to provide insight to sourcing teams.
  • Construct detailed cost models and purchase price analyses for supplied goods and services.
  • Monitor supplier performance, investigate root causes, manage issues, assess risks, and mitigate risks.
  • Analyze projects and transform gathered information into structured strategic options and opportunities, including portfolio analysis, supplier referencing, and Day One Sourcing.
  • Prepare monthly analysis and reporting on category spend, savings, compliance, and other metrics; support annual global category budget and profit planning; maintain up-to-date financial reporting and management systems, including SAP.
  • Create detailed pre-negotiation plans, lead and participate in extended supplier negotiations, conduct post-negotiation debriefs, and follow through on plans.
  • Create and execute requests for information, requests for proposals, and electronic auctions, and conduct structured information analysis using electronic procurement processes where possible.
  • Conduct risk assessments, including financial solvency analysis and assessment of compliance with the Foreign Corrupt Practices Act and Business Partner Code of Conduct, and establish risk mitigation plans within the supply base under the Manufacturing Division risk management framework.
  • Participate in one or more category teams and use analyses and techniques to help develop strategies that deliver cost-reduction targets.
  • Produce high-quality work and share learnings with colleagues throughout the Global Supplier Management Group.

Desired Qualifications

  • Prior pharmaceutical industry experience or experience at a Fortune 500 company.
  • Experience using SharePoint or similar collaboration websites.
  • Experience with TIBCO Spotfire or other data analytics and visualization tools.
  • Experience using Excel to manage large data sets.

About the Company

Merck

Makes medicines, vaccines and animal treatments

Merck develops prescription medicines, vaccines and veterinary treatments for patients, health systems and animal owners worldwide. Its vaccine portfolio includes Gardasil 9, which helps prevent cancers and other diseases caused by several types of human papillomavirus. The company takes potential treatments through laboratory research and clinical trials, then manufactures and sells approved products to drug distributors, hospitals, physicians and governments. Its animal health division sells medicines and vaccines to veterinarians, farmers and pet owners, while selected drug partnerships also earn shared profits or royalties. Founded in 1891, Merck is headquartered in Rahway, New Jersey.

Company size
10,001+
Company stage
IPO
Headquarters
Rahway, NJ
Founded
1891

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