2024 University Recruiting - Research and Development Sourcing and Procurement Co-op
Job DescriptionStrategic Supplier Management is a rigorous, data-driven methodology which relies upon high quality market intelligence for suppliers, supply markets and supply chains, as well as strategic analysis and reporting of internal business requirements, supplier performance, spend and savings data.
Co-op positions generally last 6 month and will include several projects.
This role will support several facets of the Research and Development Sourcing & Procurement organization.
The successful candidate:
prepares and conducts market intelligence gathering and strategic analysis; pre-negotiation planning; RFIs, RFP/Qs, and e-auctions; quotation analysis and cost modeling; financial solvency analysis, risk assessments, FCPA verification, and other compliance / due diligence assessments; supplier performance monitoring and issue resolution; budget planning process support and ongoing spend, savings, and compliance metrics reporting.
Research and Development Sourcing & Procurement is responsible for conducting strategic sourcing initiatives in support of drug discovery and development, specifically in the areas of discovery sciences, preclinical development, clinical development, regulatory affairs, and lab supplies and equipment, within our company Research Labs.
General
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 efforts 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 external contacts to ensure optimal team performance and to take appropriate actions by implementing contract negotiation, communication with suppliers and/or or modifying procedure to ensure customer satisfaction.
Enforce compliance with all Global Procurement policies and procedures by using a data driven business case approach.
Additional responsibilities are as follows:
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.
Supplier Performance Management - supplier performance monitoring, root cause investigation, issue management, risk assessment and mitigation Strategic Analysis - To conduct up to six types of project analysis which transforms the information gathered from 1) and 2) above into insightful, well-structured breakthrough options and opportunities.
Examples include Portfolio Analysis, Supplier Referencing, and Day One Sourcing.
Financial Analysis & Reporting - To prepare analysis and reporting of category spend, savings, compliance, and other metrics data on a monthly basis.
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 lead and participate any 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 incumbent will be expected to generate work of world-class quality and to share and transfer this to colleagues throughout GSMG Corporate Communications - To identify communications opportunities, provide guidance on communications best practices, and identify process improvements.
Draft and edit articles, blogs, newsletters, and slides.
Be a proactive member of the Change Agent Network.
Education Minimum Requirement:
Currently in sophomore or junior level curriculum, pursuing a Bachelor's degree in business (such as Finance or Management), Supply Chain Management, Manufacturing, Market Research, Communications or a Science-related discipline (Engineering, Statistics, Biology, Chemistry, Biochemistry or Bioengineering).
GPA 3.
0 Required Experience and Skills:
Superior interpersonal skills with the demonstrated ability to work successfully on cross functional teams Possess excellent verbal and written communication skills including ability to make clear and concise presentations, sensitivity to cultural differences in communication, experience with SharePoint and Enterprise Social Media (specifically Viva Exchange formerly Yammer), and familiarity with principles of business communication, marketing and/or journalism.
Strong data collection, analysis 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 our compan's environment Proficient in Microsoft office suite (Excel, PowerPoint, Word) Demonstrated excellent academic achievement Focus on process improvements and simplification Preferred Experience and Skills:
Prior pharmaceutical industry experience or any fortune 500 company experience Experience with using SharePoint or other similar collaboration websites Experience with TIBCO Spotfire or other data analytic/visualization tools Experience with using Excel to manage large data sets Knowledge of data collection methods (polls, focus groups, surveys) Visa sponsorship is not available for this position.
Under New York City, Colorado State, Washington State, and California State law, the Company is required to provide a reasonable estimate of the salary range for this job.
Final determinations with respect to salary will take into account a number of factors, which may include, but not be limited to the primary work location and the chosen candidate's relevant skills, experience, and education.
Expected salary range$39,600.
00-$105,500.
00GSF2024FTP2024Current Employees apply HERE (https:
//wd5.
myworkday.
com/msd/d/inst/1422$1533/rel-task/3001$14.
htmld) />Current Contingent Workers apply HERE ( https:
//wd5.
myworkday.
com/msd/d/task/1422$4020.
htmld) />Search Firm Representatives Please Read Carefully Merck & Co.
, Inc.
, Rahway, NJ, USA, also known as Merck Sharp & Dohme LLC, Rahway, NJ, USA, does not accept unsolicited assistance from search firms for employment opportunities.
All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company.
No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place.
Where agency agreements are in place, introductions are position specific.
Please, no phone calls or emails.
Employee Status:
Intern/Co-op (Fixed Term) Relocation:
VISA Sponsorship:
Travel Requirements:
Flexible Work Arrangements:
Shift:
Valid Driving License:
Hazardous Material(s):
Requisition ID:
R264331 Recommended Skills Accounting Adaptability Analytical Assessments Big Data Biochemistry Apply to this job.
Think you're the perfect candidate? Apply on company site Estimated Salary: $20 to $28 per hour based on qualifications.
Co-op positions generally last 6 month and will include several projects.
This role will support several facets of the Research and Development Sourcing & Procurement organization.
The successful candidate:
prepares and conducts market intelligence gathering and strategic analysis; pre-negotiation planning; RFIs, RFP/Qs, and e-auctions; quotation analysis and cost modeling; financial solvency analysis, risk assessments, FCPA verification, and other compliance / due diligence assessments; supplier performance monitoring and issue resolution; budget planning process support and ongoing spend, savings, and compliance metrics reporting.
Research and Development Sourcing & Procurement is responsible for conducting strategic sourcing initiatives in support of drug discovery and development, specifically in the areas of discovery sciences, preclinical development, clinical development, regulatory affairs, and lab supplies and equipment, within our company Research Labs.
General
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 efforts 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 external contacts to ensure optimal team performance and to take appropriate actions by implementing contract negotiation, communication with suppliers and/or or modifying procedure to ensure customer satisfaction.
Enforce compliance with all Global Procurement policies and procedures by using a data driven business case approach.
Additional responsibilities are as follows:
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.
Supplier Performance Management - supplier performance monitoring, root cause investigation, issue management, risk assessment and mitigation Strategic Analysis - To conduct up to six types of project analysis which transforms the information gathered from 1) and 2) above into insightful, well-structured breakthrough options and opportunities.
Examples include Portfolio Analysis, Supplier Referencing, and Day One Sourcing.
Financial Analysis & Reporting - To prepare analysis and reporting of category spend, savings, compliance, and other metrics data on a monthly basis.
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 lead and participate any 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 incumbent will be expected to generate work of world-class quality and to share and transfer this to colleagues throughout GSMG Corporate Communications - To identify communications opportunities, provide guidance on communications best practices, and identify process improvements.
Draft and edit articles, blogs, newsletters, and slides.
Be a proactive member of the Change Agent Network.
Education Minimum Requirement:
Currently in sophomore or junior level curriculum, pursuing a Bachelor's degree in business (such as Finance or Management), Supply Chain Management, Manufacturing, Market Research, Communications or a Science-related discipline (Engineering, Statistics, Biology, Chemistry, Biochemistry or Bioengineering).
GPA 3.
0 Required Experience and Skills:
Superior interpersonal skills with the demonstrated ability to work successfully on cross functional teams Possess excellent verbal and written communication skills including ability to make clear and concise presentations, sensitivity to cultural differences in communication, experience with SharePoint and Enterprise Social Media (specifically Viva Exchange formerly Yammer), and familiarity with principles of business communication, marketing and/or journalism.
Strong data collection, analysis 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 our compan's environment Proficient in Microsoft office suite (Excel, PowerPoint, Word) Demonstrated excellent academic achievement Focus on process improvements and simplification Preferred Experience and Skills:
Prior pharmaceutical industry experience or any fortune 500 company experience Experience with using SharePoint or other similar collaboration websites Experience with TIBCO Spotfire or other data analytic/visualization tools Experience with using Excel to manage large data sets Knowledge of data collection methods (polls, focus groups, surveys) Visa sponsorship is not available for this position.
Under New York City, Colorado State, Washington State, and California State law, the Company is required to provide a reasonable estimate of the salary range for this job.
Final determinations with respect to salary will take into account a number of factors, which may include, but not be limited to the primary work location and the chosen candidate's relevant skills, experience, and education.
Expected salary range$39,600.
00-$105,500.
00GSF2024FTP2024Current Employees apply HERE (https:
//wd5.
myworkday.
com/msd/d/inst/1422$1533/rel-task/3001$14.
htmld) />Current Contingent Workers apply HERE ( https:
//wd5.
myworkday.
com/msd/d/task/1422$4020.
htmld) />Search Firm Representatives Please Read Carefully Merck & Co.
, Inc.
, Rahway, NJ, USA, also known as Merck Sharp & Dohme LLC, Rahway, NJ, USA, does not accept unsolicited assistance from search firms for employment opportunities.
All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company.
No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place.
Where agency agreements are in place, introductions are position specific.
Please, no phone calls or emails.
Employee Status:
Intern/Co-op (Fixed Term) Relocation:
VISA Sponsorship:
Travel Requirements:
Flexible Work Arrangements:
Shift:
Valid Driving License:
Hazardous Material(s):
Requisition ID:
R264331 Recommended Skills Accounting Adaptability Analytical Assessments Big Data Biochemistry Apply to this job.
Think you're the perfect candidate? Apply on company site Estimated Salary: $20 to $28 per hour based on qualifications.
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