Sr. Sourcing Manager

Labcorp Drug Development; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A leading healthcare company in Singapore is seeking an experienced Indirect Sourcing and Procurement professional. You'll manage vendor relationships, negotiate contracts, and collaborate across departments to achieve strategic sourcing goals. Ideal candidates will have at least 5 years of relevant project management experience and a degree in a related field. This role requires strong analytical and negotiation skills, as well as the ability to work effectively with various stakeholders.

Qualifications

• Minimum of 5 years’ experience with Project Management of Indirect Sourcing and Procurement.
• Must have the ability to regularly collaborate with Sourcing leadership.
• Professional designations/certifications/licenses: CPSM or MCIPS preferred.

Responsibilities

• Manage vendor relationships and resolve escalated issues.
• Draft and negotiate Indirect Sourcing category vendor contracts.
• Build partnerships with internal stakeholders for cost savings.

Skills

Analytical skills

Communication skills

Negotiation skills

Strategic thinking

Risk management

Legal knowledge

Education

BA or BS Degree in Supply Chain, Business Management, or related field

Job description

Job Description

At Labcorp you will contribute as an integral part of a dynamic Indirect Sourcing and Procurement team and will be responsible for analyzing, evaluating, synthesizing and inter-relating information from internal and external sources when solving problems and making decisions. Identifying critical success factors when developing strategy and plans. Weighing and appropriately balancing technological, market, competitive, and organizational factors to achieve competitive advantage.

Your Indirect Sourcing and Procurement role will be a member of cross departmental teams that will include all stakeholders in the decision-making process.

This role reports to the Executive Director, Sourcing of Indirect Sourcing and Procurement, while also using diverse perspectives when developing plans and making decisions and considering possible outcomes of alternative courses of action.

Duties and responsibilities

• Displays competencies and knowledge in contract development, including key contracting principles, standard terms, laws/regulations, and industry standards.

• Drafts, redlines, reviews, and negotiate Indirect Sourcing category vendor contracts including, but not limited to, Master Services Agreements, Statements of Work, Renewals, etc.

• Applies advanced sourcing methodologies; to include the RFx sourcing processes; to develop negotiating strategies that enable effective negotiations, vendor management and process improvement.

• Management of vendor relationships and manage any escalated issues that involve the vendor/service provider.

• Manages and optimizes supplier performance, including contract compliance, continuous improvement, innovations, and reduction in total cost of ownership

• Works with Legal department to mitigate risk through the review of both legal and business terms.

• Executes legal documentation ensuring compliance with legal requirements

• Builds strong partnerships with internal stakeholders to identify new opportunities for negotiated cost savings and measure business impact.

• Collaborates with cross-functional teams to ensure sourcing strategy aligns with business requirements

• Communicates effectively with vendors, customers, and senior management.

• Prepares and occasionally provides presentations on project/category savings and category spend analysis to Leadership and user groups.

• Be process driven and project focused with ability to prioritize and get projects completed in a timely manner while responding to the changing demands of the business and market.

• Applies best practice for data collection and analysis, risk assessment, stakeholder identification and involvement, total cost of supply, standardization of products and services, building demand plans, contract negotiations, implementation of contracts and change management.

Minimum Education and Experience, required

• Degree Qualified (BA or BS Degree in Supply Chain, Business Management, or related field, required)

• Minimum of 5 years’ experience with Project Management of Indirect Sourcing and Procurement

• Must have the ability to regularly collaborate with Sourcing leadership and other leaders leveraging S&P skills; project best practices and outcomes.

Preferred Qualifications

• Seven years (7) of Project Management of Indirect Sourcing & Procurement for Indirect goods and services, contracting

• Professional designations/certifications/licenses: CPSM or MCIPS

Skills and Competencies

• Proven understanding and knowledge of key contractual terms

• Strong analytical skills: data analysis capabilities for market trends and cost optimization

• Effective communication skills: essential to collaborate, build rapport internally and externally

• Negotiation skills: proficiency in negotiating contracts and agreements to secure favorable terms

• Strategic thinking: ability to develop and execute sourcing strategies for the service lines

• Risk management: identify and manage risks to ensure continuity

• International mindset: understand global markets and sourcing strategies for global supply chains

• Legal knowledge: understand commercial contracts and able to interpret clauses and negotiate best outcome

• Ability to complete analytical evaluations to be presented to senior leadership decision makers