What are the responsibilities and job description for the Procurement Lead position at BioSpace?
Company Overview: Terray Therapeutics is a venture-backed biotechnology company led by pioneers and long-time leaders in artificial intelligence, synthetic chemistry, automation, and nanotechnology. We’re generating chemical data purpose-built to propel drug discovery into the information age — and we’re doing it on a larger scale and faster than has ever before been possible.
Our closed loop system generates precise chemical datasets at unrivaled scale that work seamlessly with AI to systematically map biochemical interactions between small molecules and causes of disease. Iterative cycles of virtual molecular design and experimentation power AI and machine learning models, which in turn guide the next cycle of design. With a chemistry engine that measures billions of interactions daily and becomes increasingly precise with every cycle, we can answer an unprecedented array of questions — deriving insights that enable us to predictably create drugs for patients in need.
Position Summary: We are seeking an experienced and dynamic Procurement Lead to personally drive and execute supplier management, sourcing, planning, and procurement efforts. The candidate will centralize and oversee all supplier management, sourcing, planning and procurement activities and will be responsible for driving coordination, efficiency and impact as we continue to scale. This is a cross functional role that will be part of our operations team working closely with Terray’s preclinical development, platform, and production teams.
The core responsibilities of this position are:
Experience and Qualifications: Part of Terray’s success is nurtured by a hands-on work environment where everyone is accountable, vested in a vision of excellence, and actively taking part in the success of the business. Terray supports a positive work environment where employees can feel engaged, recognized and empowered to be creative.
Required Qualifications
Our closed loop system generates precise chemical datasets at unrivaled scale that work seamlessly with AI to systematically map biochemical interactions between small molecules and causes of disease. Iterative cycles of virtual molecular design and experimentation power AI and machine learning models, which in turn guide the next cycle of design. With a chemistry engine that measures billions of interactions daily and becomes increasingly precise with every cycle, we can answer an unprecedented array of questions — deriving insights that enable us to predictably create drugs for patients in need.
Position Summary: We are seeking an experienced and dynamic Procurement Lead to personally drive and execute supplier management, sourcing, planning, and procurement efforts. The candidate will centralize and oversee all supplier management, sourcing, planning and procurement activities and will be responsible for driving coordination, efficiency and impact as we continue to scale. This is a cross functional role that will be part of our operations team working closely with Terray’s preclinical development, platform, and production teams.
The core responsibilities of this position are:
- Lead projects independently, proactively advancing them toward successful completion.
- Define and leverage data and analytics to inform planning and procurement decisions and roadmap, driving and scaling operational processes.
- Deliver savings and cost reduction through purchasing agreements, working with the team to develop procedures to onboard and validate comparable products to create redundancy for critical materials.
- Collaborate with Finance and Operations to improve our planning, ordering, and receiving processes for lab consumables and equipment.
- Partner with Safety for acutely hazardous materials, large volumes and/or regulated chemical orders to ensure compliance with all policies and regulations.
- Develop sourcing requirements with experimental teams.
- Develop and maintain frameworks to classify suppliers, implement supplier relationship management programs for our critical materials, and maintain those relationships to ensure our team receives the quality and quantity of materials when they are needed.
- Manage business communications and negotiations with suppliers to ensure competitive pricing at scale.
- Oversee ordering of lab supplies and equipment and manage in-house warehouse inventory for commonly purchased items.
Experience and Qualifications: Part of Terray’s success is nurtured by a hands-on work environment where everyone is accountable, vested in a vision of excellence, and actively taking part in the success of the business. Terray supports a positive work environment where employees can feel engaged, recognized and empowered to be creative.
Required Qualifications
- At least 10 years of progressive supply chain, sourcing, procurement or other relevant experience in biotech/pharma.
- Excellent judgment and decision-making skills, biased to action and excited to function in both a strategic and execution capacity
- Ability to work effectively in a fast-paced, dynamic environment and adapt quickly to changing priorities.
- Demonstrated ability to collaborate, facilitate, and organize across multiple groups and teams.
- Demonstrated ability to design and execute procurement strategies that deliver measurable cost savings and/or operational efficiencies.
Salary : $133,500 - $177,000
