2027 Future Talent Program - Global Supplier Management Group Research & Development Sourcing & Procurement Co-op

Merck2 Locationsonsite$40k–$111kView the original posting at Merck ↗

Job Description The Future Talent Program features Cooperative (Co-op) education that lasts up to 6 months and will include one or more projects. These opportunities in our Global Support Division can provide you with great development and a chance to see if we are the right company for your long-term goals. Our ability to excel depends on the integrity, knowledge, imagination, skill, diversity and teamwork of an individual like you. To this end, we strive to create an environment of mutual respect, encouragement and teamwork. As part of our global team, you will have the opportunity to collaborate with talented and dedicated colleagues while developing and expanding your career. Strategic Supplier Management is a rigorous, data-driven methodology which relies upon high quality market intelligence for suppliers, supply markets and supply chains, as well as strategic analysis and reporting of internal business requirements, supplier performance, spend and savings data. This role will support several facets of the Research and Development Sourcing & Procurement organization. The successful candidate: prepares and conducts market intelligence gathering and strategic analysis; pre-negotiation planning; RFIs, RFP/Qs, and e-auctions; quotation analysis and cost modeling; financial solvency analysis, risk assessments, FCPA verification, and other compliance / due diligence assessments; supplier performance monitoring and issue resolution; budget planning process support and ongoing spend, savings, and compliance metrics reporting. Research and Development Sourcing & Procurement is responsible for conducting strategic sourcing initiatives in support of drug discovery and development, specifically in the areas of discovery sciences, preclinical development, clinical development, regulatory affairs, and lab supplies and equipment, within our Research Labs. General Responsibilities: Support strategic and operating objectives for the procurement function including product sourcing, supply risk management, supplier performance improvement, cost reduction, supplier diversity development, working capital improvement, and supplier relationship management Work with cross functional teams including Legal, Finance, Procure-to-Pay, internal stakeholders, and external suppliers Conduct detailed market analyses looking at facts and data, with the objective of providing deep and meaningful insights Implement procurement efforts and execute tactical procurement processes. Serve as a resource regarding processes, procedures and systems for procurement function. Support selection of suppliers to ensure appropriate savings and service levels. Ensure that all legal contract requirements are met. Manage relationships with external contacts to ensure optimal team performance and to take appropriate actions by implementing contract negotiation, communication with suppliers and/or or modifying procedure to ensure customer satisfaction. Enforce compliance with all Global Procurement policies and procedures by using a data driven business case approach. Additional responsibilities are as follows: Supplier and Supply Market Analysis – To conduct rigorous market intelligence and detailed supplier and supply market analyses, to provide deep and meaningful insight to Sourcing teams. Cost Modeling / Cost reduction – To construct detailed cost models/purchase price analysis of goods and services that are supplied to our company. At times, this will require supplier visits to create a complete understanding of the cost structure of suppliers and develop cost reduction opportunities. Supplier Performance Management – supplier performance monitoring, root cause investigation, issue management, risk assessment and mitigation Strategic Analysis – To conduct up to six types of project analysis which transforms the information gathered from 1) and 2) above into insightful, well-structured breakthrough options and opportunities. Examples include Portfolio Analysis, Supplier

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