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Executive Director Strategic Sourcing amp Procurement Strategic Capabilities

Clevelcrossing
Princeton, NJ Full Time
POSTED ON 1/19/2025
AVAILABLE BEFORE 4/18/2025

Executive Director Strategic Sourcing amp Procurement Strategic Capabilities

Location : Princeton, NJ, United States

Do not wait to apply after reading this description a high application volume is expected for this opportunity.

Posted on : Mar 12, 2020

Profile

Bristol-Myers Squibb is a global Biopharma company committed to a single mission : to discover, develop, and deliver innovative medicines focused on helping millions of patients around the world in disease areas such as oncology, cardiovascular, immunoscience and fibrosis. Join us and make a difference. We hire the best people and provide them with a work environment that places a premium on diversity, integrity, collaboration and personal development. Through a culture of inclusion, we create a better, more productive work environment. We believe that the diverse experiences and perspectives of all our employees help to drive innovation and transformative business results.

This role is responsible for developing and overseeing the implementation of Procurement Organization’s Strategy and Operating Model. It oversees / governs the overall Strategic Category Management & Supplier Management capabilities as well as the overall Strategy and Business Performance Management (BPM) for the Procurement organization. In steady state, it is responsible for overseeing and guiding Third Party Risk Management for the enterprise. This role will seek to establish “capability excellence” within the procurement organization and manage the end-to-end roadmap for the Procurement organization. It is important for this individual to partner closely and regularly interact with a wide array of senior stakeholders across the enterprise to establish, enable, continuously improve and govern the capabilities. This individual is responsible for the development and implementation of the GP Strategic Plan and monitor / report Procurement Business Performance Management (BPM).

Major Responsibilities and Accountabilities :

  • Evolve Procurement strategy / operating model. Develop and implement GP strategic roadmap and monitor / report business performance.
  • Create and drive strategic roadmap to develop key Procurement capabilities.
  • Strategy expertise :
  • Vision Creation / Functional Strategy
  • Workforce Strategy
  • Technology / Digital Strategy
  • Change Strategy

Process expertise :

  • Business Partnering
  • Category Strategy Development
  • Third Party Risk Management
  • Supplier Relationship Management
  • Strategic Sourcing
  • Contracting
  • Requisition to Pay
  • Analytics
  • Category Profiling / Market Intelligence Creation
  • Buying Channel Strategy
  • Program Management and Project Estimating
  • Budget Management
  • Business Performance Management (CPO Dashboard)
  • Talent Development
  • Technology expertise :

  • Oracle
  • Ariba
  • Niche procurement systems : Contracting, Sourcing, R2P, Spend Analytics, Data Visualization and many others
  • Artificial Intelligence
  • Machine Learning
  • Robotic Process Automation
  • Lead Procurement Strategic Capabilities team with focus on driving capability excellence for Procurement function.Understand operating model requirements market nuances to effectively develop, implement and drive strategy, policies and processes.Determine long-term goals and annual objectives for capabilities.Establish clear playbooks with roles and responsibilities for global and regional resources to effectively execute strategic capabilities.Encourage and champion external research, benchmarking, and involvement in professional networks as a means of strengthening capabilities via the adoption of procurement profession best practices.Direct all initiatives and strategic decisions for SP&O Strategic Capabilities, including all budgetary matters and management of resources for this group.Partner closely and regularly interact with a wide array of stakeholders across the enterprise to establish, enable, continuously improve and govern the capabilities.Coach and / or facilitate resources to embed processes and tools in ways of working.Champion Procurement training programs to better support stakeholder needs.Oversee key capabilities, including Supplier Management, Category Management, and Third Party Risk Management (in steady state) :

  • Define supplier management processes and methodologies and identify and deploy tools for Global Procurement resources to execute processes (e.g., develop segmentation criteria for suppliers and segmentation tool).
  • Define, govern, and implement control framework for actively managing risk.
  • Partner with cross-organizational group to accurately profile risks within the organization and ensure connectivity with Procurement.
  • Coach category leaders on best practices and peer review global strategies to ensure alignment with capability methodologies.
  • Procurement Competency / Professional Development oversight and management. Develop and maintain competency model, identify individual and organizational gaps and develop / execute plans for mitigation. Develop overall Procurement team’s training calendar.Ensure excellence in delivery of procurement initiatives that maximize corporate, business, and functional priorities and objectives.Provide business expertise and strategic leadership through participation in the GP extended leadership meetings.

    Internal / External Stakeholders :

  • Business Partners
  • GPSLT
  • Supplier executive management
  • Senior members of industry; technology councils and organizations
  • Qualifications :

    Minimum Requirements :

  • B.S. / B.A.
  • Minimum of 12-15 years of business experience.
  • Minimum of 10-12 years of multi-disciplined procurement experience or relevant experience.
  • Minimum of 3 years Pharmaceutical Procurement experience or relevant experience.
  • Experience leading and participating on cross-functional and / or global teams.
  • Managerial experience including managing teams of senior professionals and managers and establishing performance expectations.
  • Internal stakeholder management, data / information management, category management, process redesign and continuous improvement expertise, project management and performance measurement skills.
  • Procurement process knowledge, contract management, financial analysis, market analysis, supplier analysis, supplier diversity, supplier management, technology utilization, strategic planning and integrated supply chain experience.
  • Preferred Qualifications :

  • M.S. / M.B.A.
  • Professional certifications (e.g. CPM, CPIM).
  • 5 years Pharmaceutical Procurement experience.
  • Membership in Professional Associations, e.g. ISM.
  • Bristol-Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits, services and programs that provide our employees the resources to pursue their goals, both at work and in their personal lives.

    Bristol-Myers Squibb is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

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