What are the responsibilities and job description for the Director, Procurement and Planning position at Summit Therapeutics, Inc.?
Our Mission
To build a viable long-lasting health care organization that assumes full responsibility for designing, developing, trial enrollment, regulatory approval and commercializing patient, physician, caregiver, payor, and societal friendly medicinal therapy intended to improve quality of life, increase potential duration of life and resolve serious medical healthcare needs. We will accomplish this by building a team of world class scientists and business administrators that apply themselves to this mission.
We have in-licensed Ivonescimab, which is a novel, potential first-in-class investigational bispecific antibody combining the effects of immunotherapy via a blockade of PD-1 with the anti-angiogenesis effects associated with blocking VEGF into a single molecule. We plan to initiate phase-III clinical studies.
Will be require relocation to the Miami Headquarters
Overview Of Role
As a Procurement Director at Summit, you will lead the procurement function with a focus on sourcing strategy and execution, leveraging the provider market landscape. You will be instrumental in developing sourcing strategies that address long-term business needs and enable the execution of competitive contracts. This role involves implementing optimal sourcing strategies and leading a provider relationship management program with strategic providers, in collaboration with partners and the procurement team, to support organization needs effectively.
Role And Responsibilities
To build a viable long-lasting health care organization that assumes full responsibility for designing, developing, trial enrollment, regulatory approval and commercializing patient, physician, caregiver, payor, and societal friendly medicinal therapy intended to improve quality of life, increase potential duration of life and resolve serious medical healthcare needs. We will accomplish this by building a team of world class scientists and business administrators that apply themselves to this mission.
We have in-licensed Ivonescimab, which is a novel, potential first-in-class investigational bispecific antibody combining the effects of immunotherapy via a blockade of PD-1 with the anti-angiogenesis effects associated with blocking VEGF into a single molecule. We plan to initiate phase-III clinical studies.
Will be require relocation to the Miami Headquarters
Overview Of Role
As a Procurement Director at Summit, you will lead the procurement function with a focus on sourcing strategy and execution, leveraging the provider market landscape. You will be instrumental in developing sourcing strategies that address long-term business needs and enable the execution of competitive contracts. This role involves implementing optimal sourcing strategies and leading a provider relationship management program with strategic providers, in collaboration with partners and the procurement team, to support organization needs effectively.
Role And Responsibilities
- Lead and develop a team of procurement professionals and be responsible for the day-to-day successful operations of the team, ensuring a high level of customer service with business users across the Company.
- Establish Key Performance Indicators (KPIs) for Procurement Operations and procurement team members.
- Build and execute global and local sourcing strategies for multiple spend categories in scope of responsibility, specifically for R&D, Clinical, Manufacturing, and commercial organization, operating with a truly global prospective.
- Develop and manage preferred and other key supplier contracts, negotiate favorable business terms and conditions.
- Maintain strong cross functional relationships to bolster communication with internal and external stakeholders
- Responsible for the development, documentation, implementation, and maintenance of the company’s P2P policies and procedures
- Develop and oversee a procurement training program for existing and new employees.
- Perform risk assessment of suppliers and develop mitigation tactics for those risk elements
- Gain an understanding of a project or initiative upfront such that related purchases can be identified and aggregated to track against budget
- Partner with internal customers on quotes, contract reviews and negotiating terms and conditions and pricing
- Primary responsibility is contract drafting, negotiation, management and administration.
- Creates, analyzes, updates, and manages Company contract records in the contract management system.
- Reviews contract records for completeness and accuracy.
- Works with Procurement, Finance, IP, and IT to streamline the contract process and integrate information with other functional area needs.
- Manages life cycle of contracts from contract request through expiration/termination/extension.
- Bachelor's degree in Business Administration, Supply Chain Management, or related field.
- Minimum of 10 years of experience in procurement, strategic sourcing, and supplier management, preferably in the pharmaceutical or biotechnology industry.
- Proven track record of leading procurement initiatives, driving cost savings, and optimizing supply chain processes.
- Strong negotiation skills with the ability to influence and persuade stakeholders at all levels.
- Solid understanding of regulatory requirements, quality standards, and industry best practices in procurement and supply chain management.
- Excellent analytical, problem-solving, and decision-making skills.
- Effective communication and interpersonal skills, with the ability to collaborate cross-functionally and build strong relationships with internal and external partners.
- Proficiency in procurement software and tools (e.g., ERP systems, e-procurement platforms) is desirable.
- Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively.
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