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Strategic Sourcing Associate Director, Supply Chain (hybrid)

Company: Vertex Pharmaceuticals
Location: Boston
Posted on: June 11, 2024

Job Description:

Strategic Sourcing Associate Director, Supply Chain (hybrid) page is loaded Strategic Sourcing Associate Director, Supply Chain (hybrid) Apply locations Boston, MA time type Full time posted on Posted 30+ Days Ago job requisition id REQ-21778 Job DescriptionGeneral Summary: As a key leader in the Strategic Sourcing function, the Strategic Sourcing Supply Chain lead will own Category Management activities across Vertex for distribution, logistics, and warehousing for complex supply chains involving small molecule, biologics and Cell and Gene Therapy products . Working collaboratively with internal business stakeholders, th is role is expected to develop sound category and sourcing strategies for multi-year, multi-geographic supply chain and distribution needs , gain endorsement by the business, and drive the successful execution that will support business goals and objectives. The role will utilize deep knowledge and expertise with respect to all sourcing processes and will communicate with senior leaders and executives. In addition, the Director is expected to identify and drive the optimization of internal sourcing processes, workflows and interfaces in effort to maximize stakeholder value . This position is based in our Boston, MA office, located in the Seaport area. This role requires a hybrid work schedule: 3 days in office & 2 days remote on a weekly basis. The role is global and will require some travel to all other facilities and locations (including London) in order to establish / maintain key business stakeholder relationships as well as to support specific strategic initiatives. - Key Duties & Responsibilities:

  • Strong business partnering acumen to develop trusting and influential relationships with stakeholders, understand business objectives and challenges, bring supplier and marketplace expertise, collaborate on multi-year strategic and operational plans, and drive business outcomes.
  • Responsibility for Category Management of Distribution and Logistics including the development and management of category and sourcing strategies, management of strategic supplier relationship and performance management, in addition to tactical RFx activities.
  • Perform and integrate market research to support Category strategies and/or sourcing activities with the ability to filter data into a relevant, actionable format
  • Develop, implement, monitor and maintain category strategies in partnership with Business stakeholders for all related sub-categories, including continuous refreshment and improvement of category strategies to meet evolving business needs
  • Responsible for negotiation, authoring and executing contracts with Vertex third party suppliers
  • Own the Supplier Performance/Relationship Management process including supplier performance monitoring. Responsible for meeting preparation, pre-read documents, performance Dashboards, capturing action items, and ensuring appropriate follow-up including Executive Business Reviews that include Senior leaders both within Vertex and with the 3rd party
  • Work with Business stakeholders to identify supply chain visibility needs, potential supplier risks, and formulate strategies to manage mitigate those risks ass necessary
  • Collaborate with business stakeholders and suppliers extensively on developing and implementing risk and resiliency strategies to ensure continuity of supply for innovative product pipeline, and expanding market footprint
  • In collaboration with the Business, responsible for defining Key Performance Indicators (KPIs) and associated performance metrics and are integrated into contractual documents and captured on Dashboards to ensure supplier performance is meeting expectations and continuously improving
  • Support the Business Owner with identification of all applicable risks as part of the Sourcing process, including coordination with Risk Subject Matter Experts to properly assess and develop mitigation plans, where necessary
  • Effectively manages the entire RFx process including, but not limited to, the development of the requirements, drafting RFP documents, facilitation of team meetings and vendor sessions, negotiation of terms and pricing with the vendors, and ultimately supporting the execution of Supplier Agreements
  • Develops value objectives including annual cost savings targets, in collaboration with Business Partners and Finance, within their specific category(ies) and is accountable for successful achievement
  • Manages complex negotiations on price and terms, that often include other internal stakeholders such as Business Partners and Legal. Able to independently create comprehensive negotiation planners that all internal parties are aligned with upfront
  • Acts as mentor to support Sourcing colleagues, temporary workers, and/or college co-ops, as directed by their Manager Required Education, Experience and Competencies:
    • Bachelor's degree required. Advanced degree (MS or MBA) in Scientific or Business discipline is preferred.
    • Extensive c ategory specific sourcing experience in Distribution & Logistics within a pharmaceutical/biotech industry
    • Strong understanding of the nuances associated with working in the pharmaceutical industry and is adept at effectively managing given the complexities of operating in a regulated environment.
    • Strong understanding of Cell & Genetic therapy cold chains.
    • Supply Chain professional with Six Sigma certification desired
    • Sales and Operations Planning (S&OP) and demand planning knowledge
    • Able to contribute to goal-setting process for the Strategic Sourcing group
    • Deep understanding of the Distribution and Logistics Category including industry best practices and category development; able to manage and drive all aspects of Strategic Sourcing including RFx execution, negotiation, contract execution, supplier performance management, and business stakeholder management
    • Viewed as subject matter expert within their category(ies) by Business Partners; able to bring new ideas and information that create tangible value to business
    • Demonstrated ability to influence Sr. Leadership to drive Sourcing's value; gained a "Seat at the table" with stakeholders
    • Strong understanding of the drug discovery process and the specific regulatory requirements associated with operating in the pharmaceutical/biotech industry
    • Experience of Order-to-Cash (O2C) processes and systems, third-party logistics (3PL) / fourth-party logistics (4PL), Good Distribution Practice (GDP)
    • Strong understanding of all elements related to supplier risk management including related processes, tools, rating measurements with ability to train team members and business stakeholders to ensure appropriate execution
    • Solid knowledge of ERP systems, can expertly leverage e-Sourcing tools, including business intelligence and reporting platforms and teach other colleagues as needed
    • True expertise in managing and leading complex supplier negotiations, including development of comprehensive negotiation planners and ensuring alignment with all internal business stakeholders
    • Strong analytical capabilities (data analysis and benchmarking research) as well as PowerPoint skills; expertise working with data analytical/reporting tools such as Microsoft Excel, Power BI, etc.
    • Solid understanding and demonstrated use of Continuous Improvement tools (including Pareto Charts, Flow Diagrams, etc.) to drive process improvements
    • Project management and organizational skills
    • Able to lead teams in collaborative manner to drive successful outcomes
    • Strong communication and presentation skills, able to clearly articulate opinions in concise and persuasive manner, comfortable speaking in front of groups and/or leading meetings that may include Executive Management personnel
    • Able to establish and maintain effective business partner relationships at highest levels within the organization; gained their respect and trust; Thoughtful and active listener; able to think quickly and effectively articulate points of view.
    • Deep knowledge and understanding of contract law, including all terms and conditions; seen as a trusted partner from Legal colleagues to provide valuable insight into potential contractual risks across all applicable types of Agreements (i.e. Confidential Disclosure Agreement, Master Services Agreements, etc.).
    • Able to work in collaborative, team environment; ability to cultivate and maintain effective business partner relationships through earned respect and trust
    • Ability to manage several projects while ensuring deliverables are fully met on-time, including more complex and involved projects. #LI-Hybrid #LI-AR1 Company Information Vertex is a global biotechnology company that invests in scientific innovation. Vertex is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person's race, color, sex, gender identity or expression, age, religion, national origin, ancestry, ethnicity, disability, veteran status, genetic information, sexual orientation, marital status, or any characteristic protected under applicable law. Vertex is an E-Verify Employer in the United States. Vertex will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law. Any applicant requiring an accommodation in connection with the hiring process and/or to perform the essential functions of the position for which the applicant has applied should make a request to the recruiter or hiring manager, or contact Talent Acquisition at ApplicationAssistance@vrtx.com. Similar Jobs (5) Strategic Sourcing Associate Director, Commercial, International & Enabling Category Leader (hybrid) locations Boston, MA time type Full time posted on Posted 30+ Days Ago Strategic Sourcing Associate Director, Cell & Gene Therapy CDMO (hybrid) locations Boston, MA time type Full time posted on Posted 30+ Days Ago Strategic Sourcing Associate Director, Cell and Gene Therapy Raw Materials (hybrid) locations Boston, MA time type Full time posted on Posted 30+ Days Ago Vertex is a global biotechnology company that invests in scientific innovation to create transformative medicines for people with serious diseases. The company has approved medicines that treat the underlying causes of multiple chronic, life-shortening genetic diseases - cystic fibrosis, sickle cell disease and transfusion-dependent beta thalassemia - and continues to advance clinical and research programs in these diseases. Vertex also has a robust clinical pipeline of investigational therapies across a range of modalities in other serious diseases where it has deep insight into causal human biology, including APOL1-mediated kidney disease, acute and neuropathic pain, type 1 diabetes, myotonic dystrophy type 1 and alpha-1 antitrypsin deficiency .Founded in 1989 in Cambridge, Mass., Vertex's global headquarters is now located in Boston's Innovation District and its international headquarters is in London. Additionally, the company has research and development sites and commercial offices in North America, Europe, Australia, Latin America and the Middle East. Vertex is consistently recognized as one of the industry's top places to work, including 14 consecutive years on Science magazine's Top Employers list and one of Fortune's 100 Best Companies to Work For. For company updates and to learn more about Vertex's history of innovation, visit www.vrtx.com -or follow us on Facebook , Twitter/X , - LinkedIn , - YouTube -and - Instagram . The diversity and authenticity of our people is part of what makes Vertex unique, and we recognize that each employee brings diverse perspectives and strengths. By embracing those strengths and celebrating differences, we are fostering an inclusive culture where each of us can bring our authentic selves to work, inspire innovation together, and change people's lives. -Our vision is clear: to be the place where an authentic, diverse mix of talent want to come, to stay, and do their best work.
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Keywords: Vertex Pharmaceuticals, Boston , Strategic Sourcing Associate Director, Supply Chain (hybrid), Professions , Boston, Massachusetts

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