Procurement Manager

Title: Manager, R&D Procurement (Level II or Level III) Duration: 1 Years Contract Location: Basking Ridge, NJ Shift: Hybrid

The experience expected from applicants, as well as additional skills and qualifications needed for this job are listed below.
Manager, R&D Procurement (Level II or Level III)
Job ScheduleThe hiring manager strongly prefers a local candidate based in New Jersey who can work onsite 1–4 times per week, averaging 2 days per week.
Job Duties and Responsibilities1. Clinical R&D Procurement and OutsourcingAssess, select, negotiate, and execute clinical trial vendor contracts with Daiichi Sankyo (DS) teams.Perform financial reconciliation and negotiation of vendor contracts before study termination and contract closure.Manage all aspects of sourcing and negotiating vendor contracts to ensure cost-effectiveness.Oversee vendor contracts and change orders, working with vendors to resolve issues and discrepancies.Demonstrate expertise in complex outsourcing models supporting Clinical R&D and Phase I–Phase IV outsourced services, such as CROs, core labs, biomarker services, and central labs.Follow processes, procedures, and systems to improve organizational efficiency and cost controls.2. ProcurementManage all outsourcing activities, from vendor assessment, RFP, and selection to contract budget, payment schedule, scope negotiation, and contract execution.Support internal customers in ensuring vendors meet required service levels.Apply an expanded understanding of procurement principles, legal language, and vendor selection criteria.Assist in developing sourcing strategies by spending category to reduce costs and timelines and improve quality.Develop detailed bid analyses for review by the R&D functional group.Participate in other ad hoc special projects as required.3. CommunicationLead contract-related communications with vendors.Respond to internal staff questions regarding contract status.Interact with vendors on standard administrative matters and contract terms.Escalate issues and conflicts appropriately.Work cross-functionally to execute the outsourcing process.4. Contract ExecutionBuild contract content and verify unitized budgets against requirements.Conduct rigorous negotiations of business terms and validate rates from service providers.Ensure payment schedules are cash-neutral and aligned with deliverable timelines.Negotiate, prepare, and execute contracts on time.Manage and oversee the clinical development contracting process, including review and approval in accordance with company policies.5. NegotiationsApply advanced negotiation skills to drive cost savings.Think and act strategically to drive continuous improvement.Ensure optimal partnerships with internal stakeholders and external vendors to deliver commitments with high value, quality, and performance.6. Interpersonal SkillsManage and maintain collaborative relationships within R&D, Legal, Quality, and Finance, as well as with external parties.Eliminate barriers to resolve procurement and contract issues in a timely manner.
Required Skills and QualificationsMinimum 5 years of experience in clinical trial outsourcing, health sciences, or a related clinical trials field.Experience with outsourcing from the pharmaceutical or biotechnology industry.Experience with Phase I–Phase IV clinical trial vendor contracts.Advanced Microsoft Word and Excel skills, including:Modifying and reformatting documents in MS Word.Creating final contracts in MS Word.Writing Excel formulas and analyzing data.Strong organizational skills, with the ability to prioritize workloads and tasks.Excellent time management skills.Ability to work independently and make sound decisions.Ability to maintain and use a tracker provided by Daiichi Sankyo to track task and contract request status.Ability to interface with departments and functional areas based in Japan.
Preferred QualificationsExperience with laboratory service agreements is highly preferred.Experience with CRO contracts is preferred or acceptable. xzbcwsv
Education- Bachelor's degree in Life Sciences preferred.