Senior Specialist, Procurement
Merck · Hyderabad · onsite · Posted 1d ago
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About this role
Job Summary
Senior Specialist, Analytical Labs Support and Small Molecule Materials Sourcing
The successful candidate will be responsible for managing Analytical Labs (60%) and also the gathering, creating, delivering, tracking, analyzing, modeling, and managing data for various strategic initiatives within Small Molecules area of Advanced Strategy and Procurement (40%). Will enable progress on projects and procurement organizational objectives and accelerate organizational performance through effective project management and communications, strategy execution, and focused team performance.
Responsibilities
General Responsibilities
- Support our Companys analytical testing labs. Creating a sourcing strategy, ensuring all chemicals and reagents are available for sourcing and qualifying vendors for risk management.
- 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 strategies 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 selected external contacts to ensure optimal team performance.
- Enforce compliance with all Global Procurement policies and procedures by using a data driven business case approach.
Additional responsibilities
- 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.
- Strategic Analysis - To conduct project analysis which transforms information into insightful, well-structured breakthrough options and opportunities. Examples include Portfolio Analysis, Supplier Preferencing, and Day One Sourcing.
- Data Upload to Ariba and other Procurement Dashboards
- Financial Analysis Reporting - To prepare analysis and reporting of category spend, savings, compliance, and other metrics. 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 support and participate in 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 company Manufacturing Divisions 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 candidate will be expected to generate high quality work and to share and transfer this to colleagues throughout Global Supplier Management Group (GSMG)
Education Minimum Requirement
- Bachelor's degree in Chemical Engineering, or Pharmacy or Organic Chemistry
Required Experience and Skills
- Some relevant work experience in the pharmaceutical industry.
- Adaptability and ability to work across multiple enterprise initiatives, able to communicate effectively across different levels of organization.
- Possess excellent verbal and written communication skills including ability to make clear and concise presentations, sensitivity to cultural differences in communication.
- Ability to influence external partners to drive meaningful outcomes.
- Advanced data collection, management, analytics and reporting skills.
- Excellent project management skills
- Ability to work independently with a high degree of flexibility and adaptability to deal with ambiguous and dynamic situations.
- Quick learner and motivated to cultivate technical, business and commercial skills by applying their knowledge within company s environment.
- Proficient in Microsoft office suite (Excel, PowerPoint, Word)
Preferred Experience and Skills
- Experience in a GMP Lab environment.
- Support of analytical testing labs at a large scale
- Prior pharmaceutical industry experience or any fortune 500 company experience.
- Cost modeling experience
- Experience with using MS Teams, SharePoint or other similar collaboration websites.
- Experience with PowerBI or other data analytic/visualization tools
- Experience with using Excel to manage large datasets.
- Experience managing external relationships.
- Experience with data collection methods.
Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
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About Merck

Merck
Pharma
3.5k+
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135 years old
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US
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