Executive Director, Sourcing & Procurement – Research Models & Biospecimens Category

Application window: Opens 04/12/2024 – Closes 04/15/2024.

Pay Range: $160,200 - $260,200

Benefits: All job offers will be based on a candidate’s skills and prior relevant experience, applicable degrees/certifications, as well as internal equity and market data. Regular, full-time or part-time employees working 20 or more hours per week are eligible for comprehensive benefits including: Medical, Dental, Vision, Life, STD/LTD, 401(K), ESPP, Paid time off (PTO) or Flexible time off (FTO), Commissions, and Company bonus where applicable.  For more detailed information, please click here. 

Do you have a passion for shaping the future of research models and biospecimens category within sourcing and procurement? Is it important for you to know that the work you do helps people live happy and healthy lives? If so, then Labcorp could be your great next career step!
 

Labcorp is seeking an Executive Director for the Research Models and Biospecimen Category. In this vital position, you will oversee an annual spend of over $200M covering 500k biospecimens across multiple sub-categories. Your role will provide supply and sourcing leadership to ensure adequate supply as well as identify new sources of supply globally to support current and future business needs. 

In this exciting role, you will also drive the identification, development, and management of new supplier relationships globally to ensure Labcorp has a multi-source model to support the Research Models and Biospecimen Category. Your role will require a deep understanding of the commercial dynamics of the biopharma client environment with a view to developing financially robust sourcing solutions that will position Labcorp competitively in the marketplace.

This highly strategic and impactful role requires the right combination of creativity, sourcing and procurement leadership, global acumen, interpersonal skills, and a bias for action!

This role reports to the VP of Sourcing and Procurement and you will also lead a team of 5-7 sourcing professionals located globally across the US, EU, and Asia.

Key Responsibilities
 

Supply Market Network and Relationships: Build strong industry network with deep relationships to execute effective contracts for assurance of supply.

Develop Alternative Sources of Supply, Financial Feasibility & Business Case Development, and Contracting Expertise to Procure Research Models & Biospecimens: Prior Experience in supply market price analysis and global contracting in a CRO or Biopharma supplier environment.   

People and Stakeholder Management: Advanced People Leadership and engagement skills required to get alignment and buy-in for different supply alternatives to meet client needs.   

Supplier Identification, Development and Relationship Management: Deep knowledge, Network and Expertise of global supply market to Advanced negotiations with target suppliers with a view to developing them as a stable source of supply to Labcorp. 

Communications, Influencing and Teamwork: High degree of communication sophistication and emotional intelligence to work across multiple levels of Labcorp as well as Supplier Leadership structure. Ability to understand, navigate complexity driven by global company cultures and operating models and create an environment for teamwork and collaboration.

Strategic, Analytical and Process Driven: Ability to develop creative commercially prudent solutions and structure contracts that are well grounded in financial feasibility, risk management and global regulatory compliance guidelines. 

Minimum Qualifications

• Bachelor’s degree with at least 10 years in Research Models and Biospecimen category sourcing, contracting and supplier development and management.
• Contract Research Organization (CRO) or a global supplier environment supporting Global Biopharma clients experience, preferred.

Knowledge, Skills and Abilities

Foreign Language Skills: Foreign language skills are not mandatory, but it is more important to have the ability to work with foreign cultures to develop and manage supplier relationships globally working across cultural and communication barriers.

International Travel: Ability to travel on short notice to several countries across the globe is another requirement to perform this job effectively.  Heavy travel up to 50% domestic and global travel maybe required. 

Contracting and Contracting Management: Deep expertise in contracting and contract management to drive performance, outcomes and minimize risk to Labcorp.