Sourcing and Contract Manager
The Standard
Cloud
Associate Director, Procurement and Vendor Management
Precision For Medicine
full-time
Posted on:
Location Type: Remote
Location: Remote • 🇺🇸 United States
Visit company websiteSalary
💰 $120,000 - $160,000 per year
Job Level
Senior
About the role
- Managing an efficient and effective procurement operation for acquiring software, supplies, equipment, and services in connection with the delivery of services supporting clinical trials.
- Identification of company vendor/domain requirements, identification, evaluation, and selection of vendors.
- Participation in establishing vendor agreements, establishing and managing vendor standards and metrics.
- Managing vendor performance through tracking and analysis, vendor governance, issue management and resolution, and development of ongoing vendor strategies.
- Maintain and disseminate the Qualified Vendor List across Precision Medicine Group (PMG).
- Support and answer vendor inquiries and information requests.
- As a key point of contact, establish and maintain communication and relationship management with key vendors.
- Managing the solicitation process, including reviewing/comparing specifications and costs and where appropriate supporting negotiation with vendors to reduce costs.
- Negotiating terms and conditions with suppliers to ensure the best possible prices and agreements.
- Manage the Preferred Provider process for vendors in priority service domains.
- Establish and track Performance Metrics for each vendor domain and specific vendor.
- Track and proactively identify vendor performance trends, issues, and potential risks and lead company efforts to prevent and/or resolve issues and risks.
- Represent Procurement in the vendor issue escalation and resolution process.
- Assist Contracts with the CDA and MSA processes by acting as the point of contact with vendors, and tracking status/progress towards completion.
- Provide domain and vendor specific input to Contracts for service level agreements and performance metrics contained within MSAs under negotiation.
- Participate in the RFP evaluation and strategy process by providing input and recommendations on the status and performance of required vendors.
- Developing tools and processes to support efficient and quality driven procurement activities.
- Maintain an up-to-date knowledge of the industry’s market trends and developments.
- Leading transformational activities to build organizational procurement capabilities and improve procurement efficiency.
- Delivering value and competitive advantage measured by cost reduction and cost avoidance, vendor-enabled innovation, and risk mitigation.
- Participate in Governance processes with select vendors.
- Ensure vendor quality and compliance standards and requirements are met; coordinate vendor quality activities with Quality Assurance.
- Other roles as assigned.
Requirements
- Bachelor’s degree, ideally in a business related discipline
- At least 10 years’ experience within the outsourced drug development and/or biopharma industries, with experience in Strategic Sourcing, Vendor Relationship Management, Business Development, Project Management, Contracting, Partnership Management, or other relevant functions within the CRO or Client/Sponsor industries.
- A thorough understanding of the clinical development market, including the core dynamics and processes underlying the outsourcing of services by sponsors to CROs.
- Experience in establishing tracking and analytics for global, multi-entity functions which service commercial and operational functions.
Benefits
- This role is also eligible for a discretionary annual bonus
- Health insurance
- Retirement savings benefits
- Life insurance
- Disability benefits
- Parental leave
- Paid time off for sick leave and vacation
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
procurement managementvendor managementcontract negotiationperformance metricsdata analysisstrategic sourcingrisk mitigationcost reductionquality assuranceRFP evaluation
Soft skills
communicationrelationship managementleadershipproblem-solvingorganizational skillsnegotiationcollaborationstrategic thinkingadaptabilitydecision-making
Certifications
Bachelor's degreeCIPS certificationCPM certificationPMP certificationSix Sigma certificationAPICS certificationCertified Supply Chain ProfessionalCertified Procurement ProfessionalLean certificationContract Management certification
