Strategic Sourcing Manager Job in Whitehouse, New Jersey US
Strategic Sourcing Manager
Merck is a global health care leader with a diversified portfolio of prescription medicines, vaccines and consumer health products, as well as animal health products. Today, we are building a new kind of healthcare company - one that is ready to help create a healthier future for all of us. Our ability to excel depends on the integrity, knowledge, imagination, skill, diversity and teamwork of people like you. To this end, we strive to create an environment of mutual respect, encouragement and teamwork. As part of our global team, you'll have the opportunity to collaborate with talented and dedicated colleagues while developing and expanding your career. The Sourcing Manager ("SM") is responsible for global category management and sourcing leadership of marketing services either directly or indirectly through collaboration with regional and/or local sourcing professionals. These marketing categories may include: advertising and agencies; primary and secondary market research; multi-channel marketing (web, portal, email, mobile, contact centers) SM leads the Global team to support development and implementation of sourcing strategies. Responsible to establish and lead cross-functional teams through the Sourcing Management Process and to provide strategy oversight for Local and Regional components of the category. Responsible for identifying and managing savings targets and other key metrics to established targets. Primary activities include, but are not limited to: Category Scope -Responsible for commercial support of Marketing Services categories. In collaboration with stakeholders and Regional and local procurement professionals, creates and implements 3-5 year strategic sourcing strategies. Global Category Team : Participates on teams of regional local representatives to develop and implement strategic source plans as well as to ensure alignment on key initiatives and priorities for Marketing services categories. Sourcing Management - Uses the Sourcing Management Process to manage assurance of supply, quality, service, cost, innovation and regulatory compliance within Marketing services categories resulting in strategies which optimize value and ensure appropriate risk management. Understands the Sourcing Management Process and how to apply required tools in the creation and implementation of source plans. Proactive Cost Management : Achieves cost control, cost reduction, and cost containment targets, and adds value to area of expenditure through a strong Total Cost of Ownership (TCO) orientation and process management. Market Knowledge and Insight : Uses thorough market knowledge and data analysis to gain critical insights that drive the selection of Sourcing Strategies and continuous improvement activities. Actively participates in relevant industry conferences and events as appropriate. Supplier Management: Responsible for building relationships with Global, International and Enterprise suppliers and managing key supplier performance against business requirements using proven processes (i.e. SVM) ; ensures adequate inclusion of diversity suppliers in RFPs and contracts as applicable. Supports major Regional supplier relationships Stakeholder Management and Business Sponsorship: Ensures appropriate stakeholders are identified and managed through stakeholder matrix. Engages assigned stakeholders and partners with them to define and meet or exceed business requirements and identify and manage profit plan savings targets. Understands strategic business requirements at 1-3-5 year horizon. Contract Negotiation and Management : Once strategy is approved, personally leads the sourcing including RFX, RFP, negotiations and contracting for Global and International categories to put in place the right suppliers. Negotiates at tactical and strategic levels to develop local, regional, global company contracts.