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Manager, Procurement & Vendor Management

Summit Therapeutics Sub, Inc.
United Statesfull_timeVerifiedPosted 20 Jan 2025
💰 $160,000/yr($140,000/yr$160,000/yr)

About the role

LOCATION: Position can be based in Miami, FL or Remote-US

Overview of Role:

The Manager, Procurement & Vendor Management will play a key role in develop sourcing strategies and supplier oversight to ensure high-quality management of the clinical studies conducted by Summit and will report into the Senior Director of Procurement and Vendor Management. The successful incumbent will be responsible for strategic outsourcing, contracts negotiation, budget management, and vendor governance activities across a wide range of external providers in R&D. Moving forward, this role could expand to take on other additional responsibilities in Procurement.

Role and Responsibilities:

  • Implement R&D category sourcing plans (Clinical Operations, Medical Affairs and others as needed) with a focus on quality, value and cost savings
  • Manage the outsourcing/RFX process, vendor selection & qualification, and MSA review
  • Negotiate contracts, rate cards and pricing terms; manage CRO/clinical budgets seeking cost efficiencies
  • Collaborate effectively with business stakeholders in Clinical, R&D, Legal, and Finance, as needed to review, amend, negotiate and complete the contracts
  • Build strong relationship with suppliers and facilitate vendor governance process by instituting quarterly business review meetings with key suppliers as appropriate, based on vendor segmentation
  • Monitor vendor performance by reviewing score cards, quality incidents, KPIs, SLAs, and risks/issues
  • Help maintain contract trackers for various projects and enter contract requests into the Summit legal portal
  • Assist and work with senior management on continuous improvement of procurement processes, and special projects
  • All other duties as assigned

Experience, Education and Specialized Knowledge and Skills:

  • Minimum BA/BS degree or relevant graduate degree preferred
  • Minimum of 8+ years of experience in a Procurement/Vendor Management environment in a pharmaceutical, CRO/ biotech company or worked in a clinical R&D operations setting with a CRO/Sponsor company
  • Good understanding of the drug development R&D process is important
  • Knowledge of outsourcing for clinical trial-related services for large global studies to CROs, central labs, Imaging, drug supply, CMC vendors, and ancillary suppliers. Oncology experience preferred.
  • Demonstrated ability to multi-task, prioritize, and independently solve problems in a rapidly changing environment
  • Proficient user of standard MS Office suite (e.g., Word, Excel), experience using electronic document management systems, and document review tools desirable
  • Strong computer and database skills
  • Attention to detail, accuracy and confidentiality
  • Clear and concise oral and written communication skills
  • Excellent organizational skills
  • Critical thinking, problem solving, ability to work independently
  • Must be able to effectively multi-task and manage time-sensitive and highly confidential documents
  • Communicate effectively and articulate complex ideas in an easily understandable way
  • Prioritize conflicting demands
  • Work in a fast-paced, demanding and collaborative environment

The pay range for this role is $140,000-$160,000 annually. Actual compensation packages are based on several factors that are unique to each candidate, including but not limited to skill set, depth of experience, certifications, and specific work location. This m

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Company

Summit Therapeutics Sub, Inc.

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