IT Strategic Sourcing Manager

GForce Life Sciences; New Jersey; Hybrid; USD 110,000 - 160,000; Full time

Job summary

A mid-sized pharmaceutical company is seeking a Strategic Sourcing Manager to manage categories within IT. This role involves overseeing strategic sourcing processes, vendor management, contract negotiations, and ensuring compliance with policies and regulations. The ideal candidate should have extensive strategic sourcing experience and a Bachelor's degree in a related field. The position is primarily on-site with the option for remote work and requires a commitment of 40 hours per week for a 12-month contract.

Qualifications

• Minimum of 8 years business experience with increasing responsibilities.
• 2-3 years experience with contract negotiation and administration.
• Strong contract management skills in strategic sourcing practices.
• 2-3 years experience in strategic sourcing/vendor management area.

Responsibilities

• Manage end-to-end strategic sourcing processes.
• Work with vendor management group and service requestors.
• Develop and review specifications and performance terms.
• Develop and review SOWs, establish SLAs and KPIs, track performance of vendors.

Skills

Strategic Sourcing experience

Contract negotiation

Vendor management

IT Sourcing expertise

Collaboration skills

Education

Bachelor's Degree in Finance, Supply Chain, Technology or Business

Tools

Ariba Sourcing

Job description

Our growing, mid-sized pharmaceutical client has engaged GForce Life Sciences to provide a Strategic Sourcing Manager to manage categories within IT.

Responsibilities

• This individual is responsible for working the end-to-end strategic sourcing processes, from analysis through negotiating and contracting
• This position will also work with the vendor management group and Requestors of Service (ROS) who manage the vendor relationships
• Participate in the identification and selection of vendors and provide IT market expertise.
• Participate with Vendor Management team with Contract Management and Preferred Supplier Programs with specific policies, procedures, and tools to add value to the Originations and Servicing operating businesses
• Develop and review specifications, statements of work, performance terms, and/or acceptance criteria.
• Ensure compliance with company policies, industry regulations, and ethical standards. Assess and mitigate supplier risks, driving efficiency and cost optimization.
• Aligns with planning and launch of major RFx events and assists team in an organized evaluation and selection process.
• Review, Modify and Create Statements of Work “SOW” to establish SLAs, key performance indicators and other requirements to ensure vendors’ performance and on-going tracking of all SOWs for related vendors.
• Analyze the supply market and procurement data to support category strategies
• Interface and communicate with project team, management and stakeholders and provide support with respect to Strategic Sourcing/Procurement processes and policies.
• Monitors and manages project baseline to ensure activities are occurring as planned - scope, budget and schedule – manages variances
• Achieve cost reduction / savings targets for flexible workforce program through negotiating bill rates with suppliers, adhering to rate card metrics.
• Thought leadership and idea generation for continued program improvement and savings opportunities.
• Collaborate with Internal/External Stakeholders:
• Category Business Leaders within the HR, Technical Operations, Travel, Legal, Corporate Services, Marketing and Sales organization
• Vendor/supplier base for assigned categories

Qualifications/Experience:

• Bachelor’s Degree required (Finance, Supply Chain, Technology or Business discipline preferred)
• Minimum of 8 years business experience in roles with increasing levels of responsibility
• 2-3 years experience with contract negotiation and administration required. Excellent contract management skills are essential combined with experience in strategic sourcing practices, vendor dashboards, strategic cost reduction initiatives, and vendor quality turn around
• 2-3 years experience in strategic sourcing/vendor management area

Required Skills/Experience Include:

• Demonstrated Strategic Sourcing experience within the IT Sourcing and/or IT Managed Service solutions with demonstrated expertise in the discipline. IT Sourcing experience is preferred.
• Experience in executing IT Sourcing or Managed Service Provider projects yielding preferred or strategic partnerships.
• Strong sourcing expertise, deep category knowledge, and a collaborative approach to business partnering.
• Previous experience with Ariba Sourcing

Term & Start

• 12 month contract, 40 hours per week
• Preference is for someone who can go onsite twice a week Tues/Thurs, but open to fully remote for the right candidate