Specialist, Procurement at Merck in IND - Telangana - Hyderabad (Hitec City Raidurg)

Job description

• Specialist, Global Operations Sourcing Procurement
• Job Description
• Global Operations Sourcing is responsible for the development and implementation of all supplier management strategies and initiatives, improving supply chain resiliency, and driving improvements in cost, supplier performance and working capital, in support of manufacturing and supply of our company products.
• The successful candidate will be responsible for the gathering, creating, delivering, tracking, analyzing, modeling, and managing data for various strategic initiatives in its assigned teams. 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

• 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.
• 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 Division's 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)

Requirements

• Bachelor’s degree in Chemical Engineering, or Organic Chemistry
• 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)
• Business Analysis Tools, Business Analysis Tools, Commercial Contract Negotiations, Cost Analysis, Cost Modeling, Cost Reduction, Cost Structures, Cross-Functional Communications, Driving Continuous Improvement, Expense Analysis, Financial Forecasting, Global Sourcing, Integrated Supply Chain Management, Inventory Control Management, Market Analysis, Market Intelligence, Materials Procurement, Outsourcing, Price Modelling, Procurement Analytics, Procurement Plan, Production Planning, Project Handover, Risk Avoidance, SAP Ariba {+ 8 more}
• 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.
• Preferred Skills:

Skills

Required

• Business Analysis Tools
• Commercial Contract Negotiations
• Cost Analysis
• Cost Modeling
• Cost Reduction
• Cost Structures
• Cross-Functional Communications
• Driving Continuous Improvement
• Expense Analysis
• Financial Forecasting
• Global Sourcing
• Integrated Supply Chain Management

Preferred

• MS Teams
• SharePoint
• PowerBI
• Excel
• Data collection methods