Senior Director of Commercial Strategic Sourcing (HYBRID- Princeton)

The Senior Director of Commercial Strategic Sourcing will lead and manage all aspects of the commercial services and travel and entertainment operations.  The Senior Director of Commercial Strategic Sourcing has overall ownership of the Sourcing process at Otsuka for Media Planning & Buying, Marketing Agencies, Trade Shows, Market Research, Patient Support and Promotions and all spend categories of Travel and Entertainment.  This position will partner with the Executive Leadership Team (ELT), Business Owners, and delegated functional sourcing teams to drive the greatest value possible for the organization as we buy goods and services.  This role is responsible for the development and execution of the company’s overall Sourcing Strategy and Category Management practice in these categories.  This role will provide insight and input into all policies, processes, and systems related to Strategic Sourcing in OAPI/OPDC, and partners with other key Sourcing stakeholders in Corporate Services, Supply Chain, R&D, Regional (OAI), and with our parent company in Japan. The Senior Director of Commercial Strategic Sourcing will also partner with the FP&A teams to understand the future investment plans from the business and identify cost optimization opportunities through strategic sourcing and leading category management practices, maximizing value and minimizing risks for Otsuka.

Job Description

The Senior Director of Commercial Strategic Sourcing leads a team of ~5 individuals focused on driving an efficient and effective Sourcing process.  Responsibilities include the following areas:

Overall Responsibility Strategic Sourcing area

• Partners with the ELT to create a Sourcing vision and strategy that align with the needs of the business while meeting financial and operational control objectives.
• Develops relationships with key vendors that enables more effective negotiations, support, and outcomes for the company.

• ·Ownership of Category Management and Strategic Sourcing policies, processes, and systems.

  Builds and develops high performing team; inspires excellence.
• Point person for significant sourcing activities including negotiation of contracts with highest value / highest impact to the company. Several of these contracts will be more than $100M.

Strategic Sourcing Vision, Strategy, and Objectives

• Creates, communicates, and executes against a common vision and strategy for Strategic Sourcing at Otsuka. Partners with Business leaders and other key stakeholders to gain their perspectives and endorsement of the vision and strategy.
• Develops strategic objectives for the sourcing organization based on the vision; what needs to happen by when; where will the impact be felts; how we will measure whether the team has been successful in delivering to the objectives.
• Establishes measurements of success (KPIs) and appropriate processes to capture, consolidate and report on performance versus objectives.
• Provides regular reporting of progress and important observations to key stakeholders including ELT, extended Leadership Team, our Board and others.

Strategic Sourcing Process and Policy

• Develops and maintains processes and policies that enable achievement of the Strategic Sourcing vision.
• Builds processes and policies that have a “business first” focus, providing efficiency and effectiveness that makes it easier to source goods and services with more consistent, reliable results.
• Drives appropriate training and education for the business on why Sourcing policies are important and how following them helps the organization to get better outcomes
• Ensures appropriate controls are in place to meet regulatory requirements (i.e. J-sox, Third Party Risk Management, etc) but also to ensure best practices in Sourcing (use of Sourcing to support material purchases, requirement for a competitive RFP process, establishment of preferred suppliers and ensuring they are used appropriately, etc.).

Strategic Sourcing Execution

• Oversees the team’s daily activities around sourcing projects and related (contracts, POs).
• Develops and implements operational metrics to ensure continuous monitoring and process improvement.
• Partners with Financial Operations, HR, and other key process owners to ensure Sourcing model is meeting the operational needs of the organization, in addition to the strategic.

Organizational Design and Development

• Develops the key capabilities needed to be a successful member of the Sourcing team using benchmarking, best practices, and feed