The Strategic Sourcing Specialist is a key member of USP's Procurement organization and will report directly to the Strategic Sourcing Manager. This position is charged with driving compelling results and value to USP through strategic procurement activities. The role will work closely with senior business leaders to develop category strategies, influence sourcing decisions, vendor consolidation and secure cost savings through negotiations.
Additionally, the Strategic Sourcing Specialist will bring procurement resources, tools, methodologies and judgment to business units to effectively work with suppliers to negotiate optimal terms for sourcing. This involves managing major supplier relationships in an effort to ensure that USP captures appropriate value for the organization, meets acceptable corporate risk profiles, and monitors supplier performance through reporting and business reviews.
Roles and Responsibilities
Experience in a sourcing, contracting, category management or a supplier management role.
Conducts spend analytics; uses data to influence change with stakeholders and builds strong ROI cases. Must have strong analytical skills with the ability to challenge the status quo, including creating and comprehending numerical analysis and optimization strategies.
Performs market research; Conduct external research to analyze market opportunities, risks, trends, etc., associated with assigned categories; model, monitor, and report trends in underlying cost drivers
Develops category expertise to fully understand supply market, appropriate sourcing strategies and typical savings levers for a category of spend
Executes sourcing events; Create bid package and coordinate the bid (RFI, RFQ, RFP) process including, pre-bid/proposal meetings, walk-throughs, bid openings, bid tabulation and bid reviews in an ethical way that reflects USP's Core Values
Conducts total cost modeling and scenario analysis to help stakeholders understand trade-offs and benefits to various outcomes
Helps identify targets and leverage to support negotiations efforts
Adheres to sourcing project plans. Proactively communicates with business units with respect to timelines and project duration.
Ability to operate independently, bringing self-prioritization of workload, clear thinking and reasoning in the decision making process.
Proven negotiation skills, including contract review to execution, driving commercial negotiations and ensuring all other groups included in the negotiations are working towards the same execution timeline.
Experience monitoring performance of suppliers on a regular basis, develop action plans where necessary for areas needing improvement and follow through to ensure supplier specific results occur
Performs other duties as assigned.
Bachelor's degree required
Minimum of three (3) years of experience in procurement, sourcing, contract management, supply chain, supplier management or strategic/managerial consulting
Demonstrated experience in supporting data-driven efforts and managing communications with suppliers, as well as a diverse set of internal stakeholders.
Prior understanding and application of sourcing policies, procedures, and supply strategies.
Relevant experience in an IT industry or IT category or sourcing portfolio management is desirable but not required.
Demonstrated ability to work with suppliers to negotiate optimal terms for sourcing and contract execution.
Strong analytical and critical thinking skills
Solid organizational skills, including a proven ability to collaborate across the organization to ensure objectives are met.
Effective communication and presentation skills
Capable of sharing critical information, with particular strength in explaining complex concepts and coaching individuals through commercial decision-making.
Excels in managing deadlines and balancing multiple priorities.
Comfortable challenging conventional thinking and existing processes.
Must be proficient in the use of the Microsoft Office Suite specifically able to leverage advanced functions of Excel for analytics and ad-hoc reporting, as well as develop effective PowerPoint presentation content as required
USP offers an impressive benefits package, including:
Generous paid time off 13 paid holidays, 10 sick days and 15 vacation days per year to start
An annual 401(k) contribution, beginning after 1 year of service, of 10% of pay (base and bonus) every pay period that vests immediately
Comprehensive individual and family healthcare plans with affordable premiums and low annual deductibles ($250/individual or $500/family)
The U.S. Pharmacopeial Convention (USP) is a scientific nonprofit organization that sets standards for the identity, strength, quality, and purity of medicines, food ingredients, and dietary supplements manufactured, distributed and consumed worldwide. USP's drug standards are enforceable in the United States by the Food and Drug Administration, and these standards are used in more than 140 countries.
Being a part of USP means belonging to a diverse culture made up of more than 1,000 talented professionals working together at five international locations. We share our expertise in science, IT, human resources, quality assurance, communications, administrative management, and more...all to support an overall mission dedicated to making a difference by providing standards and programs that help improve the quality of medicines, dietary supplements, and foods worldwide.
USP is proud to be an equal employment opportunity employer (EEOE) and affirmative action employer. Employment selection and related decisions are made without regard to sex, race, age, disability, religion, national origin, color, veteran status, sexual orientation, gender identity or any other protected class. We are committed to working with and providing reasonable accommodation to individuals with disabilities.
USP does not accept unsolicited resumes from 3rd party recruitment agencies and is not responsible for fees from recruiters or other agencies except under specific written agreement with USP.
Job Location Rockville, Maryland, United StatesPosition TypeFull-Time/Regular