About the role
Vice President Procurement & Strategic Sourcing Job description Roles & Responsibilities Expectations from the role Reporting directly to the COO the Head
Procurement will have overall responsibility and accountability for the Purchasing Function which will include Direct Indirect and Strategic sourcing
Responsible to develop a global strategy and related systems to provide continuous supply of Raw Materials Excipients Packaging Material Finished Goods and other inputs for R&D and manufacturing processes across all Strides Operating Locations Integral part of the senior management team or board which determines overall strategy and business decisions Summary Responsible for ongoing management of purchasing strategy and activity and for ensuring optimal supplier performance and price
Develop and implement a strategy to ensure the function is operating in line with the objectives of the business to add value mitigate supply chain risk and deliver cost savings
Develop and maintain strategic supplier relationships and manage the development of contracts contractual relationships and contract management to deliver continuous improvement in delivery of goods and services by the supply base Lead and manage a team to deliver the appropriate support to the business to ensure corporate and business development objectives are met Work alongside the senior management team in contributing to overall business objectives Key Responsibilities Outcomes
Strategic Overall responsibility for Purchasing activities across the business Develop sustainable global sourcing strategy to enable execution of Strides Global Strategy Formulate Vendor development management and partnership strategy to ensure continuous supply and optimized costs of all inputs to R&D and manufacturing Create and implement best practice purchasing vision strategy policies processes and procedures to aid and improve business performance Ensure that purchasing strategies and processes are in place to meet business objectives and operational needs in terms of price quality and delivery targets which enables the company to function and compete effectively in the market to include Terms and conditions supplier selection de selection evaluation and rationalization of supply chain solutions including vendor managed inventory supplier consignments and safety stock Evaluate the challenges faced by the business and take action to mitigate risks and develop opportunities Contribute to overall business strategy and annual budget process Take ownership of the purchasing policy guidelines and any associated documents
Operational Define and review global SOPs around procurement to mitigate risk and ensure standardized and transparent procurement Introduce new vendors added to the central sourcing database to all regional teams especially for new products Drive a continuous monitoring of the global market for possible new vendors adhering to quality standards Oversee evaluation of proposals for new vendors from local procurement teams Schedule and perform audits of new vendors suppliers by working with Global Quality Coordinate with logistics team to ensure smooth supply of raw materials and other input materials from suppliers to manufacturing site Develop mechanisms to drive coordination between procurement planning and stores teams to optimize inventory of raw materials and other input materials Participate in department budget creation and provide inputs on behalf of the sourcing department Continuously track cost of raw materials and other materials procured over the year and use it as an input of developing strategy for the next financial period Escalations to the management related to any major issues in raw materials and other input materials To ensure material availability for new projects as per FD requirements Provide Regulatory affairs team with necessary vendor information required for dossier preparation and follow up with vendor for any deficiency related information Development of alternate source to ensure continuity of business
Vendor Management Responsible for managing relationships and negotiating with key suppliers at a senior and strategic level Negotiate contract terms with key suppliers to ensure value for money quality standards and delivery terms with technical and operational input from stakeholders if appropriate Craft negotiation strategies and close deals with optimal terms Forecast price and market trends to identify changes of balance in buyer s supplier power Seek and partner with reliable vendors and suppliers Develop an overall vendor base which creates and sustains a competitive advantage utilizing global market exploitation leveraging spends and leveraging technologies Develop implement and maintain a supplier relationship and evaluation process to measure effective supplier performance and compliance Ensure professional and consistent supplier management is applied across the supply base in line with the purchasing policy Work closely with Research Development to source new and alternative raw materials
Financial Ensure adhere to department budgets Continuously work on material cost reduction to support gross margin of the product
People Provide leadership to departments under control Coach mentor and develop direct reports and manage a high performing team that delivers continuous improvement added value and cost reductions Set department objectives and monitor ongoing progress and performance Ensure strong communication between teams under leadership to facilitate exchange of information and in order to implement change and improvements Ensure that the function operates in accordance with any health safety and environmental policies and procedures to ensure the safety and wellbeing of staff and visitors Responsible for developing the appropriate organizational structure resource plans and culture to support the business objectives and customer deliverables Provide leadership coordination and coaching to the team ensuring they are trained enabling them to achieve the operational and financial metrics within their areas of responsibility and succeed in their roles Complete regular performance reviews manage attendance holidays disciplinary issues and procedures as appropriate Establish strategy and best practices for staff to ensure achievement of overall business objectives Work with the Purchasing team to translate strategy into specific annual performance goals and departmental objectives including KPIs
Environmental Review environmental strategies that impact on future ways of operating and ensure implementation where possible Review the use of technological systems that support a more environmentally friendly approach Review opportunities to be as environmentally friendly as possible
Relationship Management Develop and maintain strong relationships with internal and external stakeholders to ensure optimal performance Work collaboratively negotiate and engage with key stakeholders to facilitate delivery and compliance with the purchasing strategy Communicate with stakeholders the impact of market change and potential effects on supply Recommend solutions without compromising quality or service while optimizing cost Contribute to new business initiatives and projects and review and communicate the impact on Purchasing activitiesPersonality & background Master s degree preferred 20 years of progressive leadership experiencein all aspects of strategic sourcing and procurement of which last 3 4 years has been in a leadership role Experience of multi site global landscape Demonstrable experience of leading a purchasing function with a proven track record in strategic purchasing leadership delivering effective purchasing strategies policies processes and systems Ability to add value reduce costs and make business improvements Proven contract management and supplier experience Experience of operating and influencing at a strategic level Knowledge and technical understanding of pharma processes and components and supply chain managementSkills & Attributes Proven leadership and management skills with the ability to optimize team performance and development Excellent relationship management skills with the ability to engage negotiate and manage key stakeholders and suppliers Strong and confident negotiator with the ability to negotiate at all levels Excellent communication interpersonal and influencing skills Excellent analytical and problem solving abilities Results orientated with ability to plan and deliver against project deadlines Commercially and financially astute with experience of managing budgets