Sourcing Category Specialist - Early Development Research

Covance Inc Located in: Madison,  Wisconsin
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Covance Inc Biotechnology Jobs Pharmaceutical Careers
 

JOB DESCRIPTION

The Sourcing Category Specialist is located in the Covance Madison, WI facility and supports the Early Development Reseach Group.

 

Responsibilities include:

  • Perform market research, data and spend analysis on specific categories. Interpret analysis and evaluate spend categories of goods and services to determine where opportunities lie for pricing and contract renegotiations, contract/vendor consolidations, or alternative goods or services evaluations.
  • Develop and implement or lead projects that benefit Covance through reduced pricing, increased efficiencies, ease of management, or reduced risk.
  • Assist in the management of vendor relationships, contracts and sourcing of top-spend categories where the products, services or vendors are used across multiple sites or business units.
  • Assist in developing RFP’s and informal bids. Manage process through bid to contract award.
  • Provide negotiations on new contracts, contract renewals, and pricing.
  • Participate in sourcing councils consisting of representatives from user groups, finance, and sourcing in order to understand the needs of the end users. Evaluate and negotiate the best goods and services contract and pricing to meet the needs of the end users.
  • Monitor marketplace conditions of assigned categories and complete formal market analysis at a minimum annually.
  • Prepare and occasionally provide presentations on completed project/category savings and category spend analysis to Leadership and user groups.
  • Provide strategic sourcing support and customer satisfaction while delivering improvements to the business in cost reductions, enhanced revenue opportunities and risk mitigation.
  • Apply best practice for data collection and analysis, risk assessment, stakeholder identification and involvement, total cost of supply, standardization of products and services, building demand plans, contract negotiations, implementation of contracts and change management.

Minimum Required:

Associate Degree with 2-5 years of experience in purchasing, supply chain and/or sourcing

Preferred Undergraduate Degree with 1-3 years of experience purchasing, supply chain and/or sourcing

Professional designations/certifications/licenses: CPM or equivalent work experiences preferred

 

Minimum Required:

Associate Degree with 2-5 years of experience in purchasing, supply chain and/or sourcing

Preferred Undergraduate Degree with 1-3 years of experience purchasing, supply chain and/or sourcing

 

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CRITICAL REQUIREMENTS

COMPANY INFORMATION

Covance Inc. is proud to be the only drug development company with a full range of research and development services—from lead optimization, to commercialization and life cycle management. Covance, headquartered in Princeton, NJ, is the drug development business of LabCorp with global operations in more than 30 countries.

JOB INFORMATION

Seniority Level:
Experienced - Not Management
Function:
  R&D / Science
Preferred Industry Background:
 
Managing a team of:
N/A
Required Travel:

Base Salary:
Confidential
Bonus:
Benefits:
Other Compensation: