Associate Director
Strategic Sourcing
Posted on 2/1/2023
INACTIVE
Locations
Cambridge, MA, USA
Experience Level
Entry
Junior
Mid
Senior
Expert
Desired Skills
Management
Market Research
Communications
Requirements
- 7-10 years' experience in a Procurement, Strategic Sourcing or Category Management
- Skilled in category management and (experience supporting clinical category preferred)
- Strong experience with negotiation of contract agreements, process and cost improvements
- Strong process-mapping and process-improvement skills with close attention to detail
- Ability to define, drive, and translate technical specifications from business functional requirements
- High degree of customer focus (internal/external) and demonstrated collaboration in a team environment
- Strong project management skills, including the ability to prioritize, balance, and manage multiple efforts with strong results
- Outstanding written and verbal communication skills, with the ability to convey strategies and results to a diverse audience
- Bachelor's degree in Finance, Accounting, Economics, Business or a related field; Master's degree preferred
- Biotech industry experience strongly preferred
- Strong Microsoft Office suite skills
Responsibilities
- Develop and implement Category Management strategies for Clinical Research, Clinical Support Services, Bioanalytical Development, Regulatory and Compliance
- Build strong relationships with key suppliers. Leverage segmenting suppliers, and implement a structured supplier relationship management program
- Support stakeholders by identifying risks as part of the Strategic Sourcing process. Coordinate and develop risk mitigation plans that support business growth
- Sustain annual cost savings targets, while collaborating with stakeholders and finance department
- Successfully manage RFx source to settle lifecycle. Identify stakeholder requirements, draft RFx documents, facilitate meetings, vendor sessions, and quartley business reviews with key partners
- Negotiate supply agreement contracts and pricing terms. Partner with legal to support Beam's internal controls
- Leverage market research to obtain benchmarking data. Support category management and use data to drive initiatives for the team
- Develop an annual category business plan to assess category, set goals and objectives, analyze spend, and review plan with key stakeholders for alignment
- Partner with quality department to ensure that all activities and documentation comply with regulatory requirements
- Strong focus on cost savings activities, including cost reduction, cost avoidance, and finding value-beyond savings for business owners
- Ensure accurate reporting of Procurement key performance measures (operational metrics, savings, etc.)
- Work collaboratively with the purchasing team and leadership to develop and maintain department policies and procedures
- Partner with senior stakeholders to build relationships that facilitate realization of business value and savings
- Participate in ad-hoc category projects and process improvements as needed