Manager, Strategic Sourcing

Initial Therapeutics, Inc.; Basking Ridge (NJ); On-site; USD 80,000 - 130,000; Full time

Job summary

An established industry player seeks a strategic sourcing expert to lead sourcing activities and manage supplier relationships. This role focuses on developing category strategies and ensuring value delivery through effective negotiations and stakeholder management. Join a dynamic team committed to innovation in the pharmaceutical sector, where your contributions will drive significant improvements in procurement processes and supplier performance. If you are passionate about leveraging your expertise in a collaborative environment, this opportunity is perfect for you.

Qualifications

• 5+ years of strategic sourcing experience in pharma procurement.
• Strong skills in supplier and contract management.
• Knowledge of procurement processes and contract law.

Responsibilities

• Lead strategic sourcing efforts with vendor assessment and RFPs.
• Develop global category strategies based on spend analysis.
• Manage supplier relationships to ensure performance and innovation.

Skills

Strategic Sourcing

Supplier Management

Contract Management

Stakeholder Management

Category Management

Process Improvement

Project Management

Market Analysis

Education

Bachelor's Degree

MBA

C.P.S.M

Tools

e-Procurement Tools

Job description

Join a Legacy of Innovation — 125 Years and Counting!

Daiichi Sankyo Group is dedicated to creating and supplying innovative pharmaceutical therapies to improve standards of care and address unmet medical needs globally through world-class science and technology.

With over 100 years of scientific expertise and a presence in more than 20 countries, Daiichi Sankyo and its 18,000 employees leverage a rich legacy of innovation and a robust pipeline of new medicines to help people worldwide.

Under the Group’s 2025 Vision to become a “Global Pharma Innovator with a Competitive Advantage in Oncology,” Daiichi Sankyo focuses on providing novel therapies in oncology, as well as in rare diseases and immune disorders.

Summary

This role partners with senior internal stakeholders to lead, assess, develop, negotiate, and execute strategic sourcing activities (U.S. and global) from RFP to contract execution.

The role involves leading all aspects of strategic sourcing to ensure value (cost, quality, account management, timelines), conducting bid analysis, complex negotiations, and leveraging enterprise knowledge to benefit stakeholders and the group.

The position requires developing global category management strategies, process improvements, project management with suppliers and stakeholders, and managing supplier relationships to ensure performance and innovation.

Responsibilities

• Lead strategic sourcing efforts including vendor assessment, RFP, negotiation, and contracting with senior stakeholders.
• Develop global category strategies based on spend analysis, market intelligence, and trends to inform business decisions.
• Partner with stakeholders to align sourcing strategies with business objectives and serve as the relationship manager.
• Manage supplier relationships to ensure performance, drive innovation, and continuous improvement.
• Lead bid analysis, contract negotiations, and execution with internal teams like Legal, Marketing, and IT.
• Ensure contracts include appropriate terms and mitigate risks, adhering to company policies.
• Develop risk management strategies to ensure supply continuity.
• Achieve cost savings and value delivery, tracking results with approved methodologies.
• Identify new opportunities to enhance sourcing value and improve processes.
• Collaborate with Procurement Operations to integrate continuous improvement initiatives.
• Demonstrate thorough understanding of procurement processes, legal language, and supplier management.
• Build and maintain strong relationships with preferred suppliers and ensure compliance.

Qualifications

Candidates should meet the following qualifications:

• Bachelor's Degree required; MBA and/or C.P.S.M preferred.
• At least 5 years of strategic sourcing experience.
• Experience in supplier management, contract management, and strategic sourcing.
• Experience in pharma procurement, e-Procurement tools, and cross-functional teams.
• Skills in stakeholder management, category management, process improvement, and project management.
• Knowledge of procurement processes, contract law, financial and market analysis, and supplier diversity.
• Experience in pharmaceutical marketing procurement is a plus.

Daiichi Sankyo, Inc. is an equal opportunity employer. Qualified applicants will receive consideration without regard to gender, race, religion, age, or other protected characteristics.