Sr. Analyst – Strategic Category Sourcing

Sr. Analyst – Strategic Category Sourcing

Requirements

• BA degree in Business, Procurement/ Supply Chain or related field or equivalent work experience and 4+ years of relevant experience in procurement, experience in a life science, Biotechnology, or Pharmaceutical environment required.
• Experience working with ERP system required
• Oral and written communication skills
• Detail oriented
• Planning skills
• Organizational skills
• Presentation skills
• Ability to build collaborative relationships
• Experience with developing and executing Category Strategies
• Experience with supplier relationship management
• Coupa, Smartsheet, Power BI, MS Office Suite & Projects management skills
• Customer-focused with proven negotiation, analytical problem solving and training skills
• Ability to negotiate contracts and purchase agreements for services, commodities and capital equipment
• Demonstrated ability to collaborate and maintain good working relationships with internal and external partners
• Knowledge of Lean Six Sigma or experience in process improvements
• Experience working with ERP and Contract Management Systems

Responsibilities

• Develop and execute strategic sourcing plans for assigned categories, aligning with business objectives and stakeholder needs
• Conduct market research, analyze market trends, and identify opportunities for cost savings, process improvements, and supplier optimization
• Manage supplier relationships, including contract negotiations, performance management, and issue resolution
• Analyze and interpret data to inform sourcing decisions, track key performance indicators (KPIs), and measure supplier performance
• Develop and maintain strong relationships with internal stakeholders, including but not limited to R&D, IT, HR, Operations, Supply Chain, Accounting and Finance
• Identify and mitigate supply chain risks, ensuring business continuity and compliance with regulatory requirements
• Stay up-to-date with industry trends, best practices, and emerging technologies to drive innovation and process improvements
• Identify, evaluate, and negotiate with suppliers that offer a competitive advantage to the organization
• Manage the organization’s RFP process and evaluates potential suppliers to ensure that cost, quality, inventory levels, and supply chain operations meet organizational needs
• Track supplier performance and compliance with expectations or contractual terms
• Identify duplicated purchases across the organization and leverages bulk purchasing power to negotiate price discounts
• Ensure that all purchasing activities comply with applicable regulations and guidelines
• Quantify and track value creation
• May work in a specialized purchasing area, function or commodity

Preferred Qualifications

• Third party supplier risk management experience is preferable but not required