The Sourcing Specialist supports the planning and execution of strategic sourcing initiatives for the Commercial and Medical Affairs Sourcing Team. Our Sourcing Specialist conducts data gathering, supports spend analytics, assists in delivering measurable cost savings, and tracks savings against contracts. They support evaluations through the development of RFGs, RFIs and RFPs and may participate in negotiations. The Specialist actively participates in supplier selection and provides data and recommendations to endure information selection decisions.
As a Sourcing Specialist a typical day might include the following:
Leading implementations of business and process improvements within the Strategic Sourcing & Procurement (SS&P) department.
Working on sourcing-related problems and considering solutions to potential issues. Demonstrating good judgment in selecting methods and techniques for determining solutions
Soliciting and analyzing RFPs, participating in contract negotiations and ensuring contract are realized (SLAs, Savings, etc.) ensuring compliance with pricing agreements and internal policies and procedures
Providing detailed analysis and information which may have financial impact on sourcing decisions
Data gathering, detailed analysis and report generations
Operating as a focal point to coordinate and prepare QBRs
Using discretion in applying practices and procedures to resolve issues, demonstrating a broad and detailed understanding and application of technical and/or specialized concepts in sourcing
Using expertise within a sourcing subject area to complete tasks optimally, efficiently and contributing to department initiatives, improving process, policy, technology
Networking efficiently with internal and external personnel across the company
Supporting sourcing projects within a cross-functional, collaborative environment
Handling projects without supervision while demonstrating integrity, flexibility, and attention to detail
This role might be for you if you have:
Proven understanding of sourcing and procurement, planning supplier interface and negotiations, systems applications such as Zycus/Ariba, GEP(Contracts Management), Spend Analytics, MS PowerPoint, Word Excel
Good negotiation skills
Cost modeling knowledge
Excellent verbal and written skills
Ability to formulate high-level presentations
Ability to build consensus, partnership, and creativity within a collaborative team under minimal supervisor
To be considered for the Sourcing Specialist you must have a Bachelors degree plus 2 or more years of relevant, progressive experience within indirect procurement. Program management experience and project management experience a definite plus.
Does this sound like you? Apply now to take your first steps toward living the Regeneron Way! We have an inclusive and diverse culture that provides amazing benefits including health and wellness programs, fitness centers and stock for employees at all levels!
Regeneron is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion or belief (or lack thereof), sex, nationality, national or ethnic origin, civil status, age, citizenship status, membership of the Traveler community, sexual orientation, disability, genetic information, familial status, marital or registered civil partnership status, pregnancy or maternity status, gender identity, gender reassignment, military or veteran status, or any other protected characteristic in accordance with applicable laws and regulations. We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application process. Please contact us to discuss any accommodations you think you may need.