Posted at: 17 October
Associate Director, Procurement and Vendor Management
Company
Precision for Medicine
Precision for Medicine is a Maryland-based global CRO specializing in biomarker-driven precision medicine solutions for oncology and rare diseases, operating primarily in a B2B model.
Remote Hiring Policy:
Precision for Medicine operates with a hybrid work model, allowing employees to work from home or onsite, with roles requiring travel across various regions, particularly in the U.S. The company hires globally, supporting clinical trials and therapeutic development.
Job Type
Full-time
Allowed Applicant Locations
Worldwide
Salary
$147,300 to $220,900 per year
Job Description
The Associate Director, Procurement and Vendor Management is responsible for managing an efficient and effective procurement operation for acquiring software, supplies, equipment, and services in connection with the delivery of services supporting clinical trials.
Roles and responsibilities include identification of company vendor/domain requirements, identification, evaluation, and selection of vendors, participation in establishing vendor agreements, establishing and managing vendor standards and metrics, managing vendor performance through tracking and analysis, vendor governance, issue management and resolution, and development of ongoing vendor strategies.
Key constituent groups include Sales, Proposals Management, Clinical Operations, Contracts/Legal, Finance, Business Operations, IT, Operational Strategy and Innovation, Quality Assurance, and Corporate Business Development across the Precision for Medicine business units.
Essential functions of the job include but are not limited to:
- Maintain and disseminate the Qualified Vendor List across Precision Medicine Group (PMG)
- Support and answer vendor inquiries and information requests.
- As a key point of contact, establish and maintain communication and relationship management with key vendors.
- Managing the solicitation process, including reviewing/comparing specifications and costs and where appropriate supporting negotiation with vendors to reduce costs.
- Negotiating terms and conditions with suppliers to ensure the best possible prices and agreements.
- Manage the Preferred Provider process for vendors in priority service domains.
- Establish and track Performance Metrics for each vendor domain and specific vendor.
- Track and proactively identify vendor performance trends, issues, and potential risks and lead company efforts to prevent and/or resolve issues and risks.
- Represent Procurement in the vendor issue escalation and resolution process.
- Assist Contracts with the CDA and MSA processes by acting as the point of contact with vendors, and tracking status/progress towards completion.
- As requested, provide domain and vendor specific input to Contracts for service level agreements and performance metrics contained within MSAs under negotiation.
- Participate in the RFP evaluation and strategy process by providing input and recommendations on the status and performance of required vendors.
- Developing tools and processes to support efficient and quality driven procurement activities.
- Maintaining an up-to-date knowledge of the industry’s market trends and developments.
- Leading transformational activities to build organizational procurement capabilities and improve procurement efficiency.
- Delivering value and competitive advantage measured by cost reduction and cost avoidance, vendor-enabled innovation, and risk mitigation.
- Participate in Governance processes with select vendors.
- Ensure vendor quality and compliance standards and requirements are met; coordinate vendor quality activities with Quality Assurance.
- Other roles as assigned.
Qualifications:
Minimum Required:
- Bachelor’s degree, ideally in a business related discipline
- At least 10 years’ experience within the outsourced drug development and/or biopharma industries, with experience in Strategic Sourcing, Vendor Relationship Management, Business Development, Project Management, Contracting, Partnership Management, or other relevant functions within the CRO or Client/Sponsor industries.
- A thorough understanding of the clinical development market, including the core dynamics and processes underlying the outsourcing of services by sponsors to CROs.
- Experience in establishing tracking and analytics for global, multi-entity functions which service
- commercial and operational functions.
Preferred:
- Experience with establishing and managing vendor performance standards and metrics would be a plus.
- Knowledge and experience with Clinical Trial Quality Assurance and Regulatory processes and requirements
Reasonable estimate of the current range
$147,300 - $220,900 USD
Any data provided as a part of this application will be stored in accordance with our Privacy Policy. For CA applicants, please also refer to our CA Privacy Notice.
Precision Medicine Group is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, age, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other characteristics protected by law.
If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process or are limited in the ability or unable to access or use this online application process and need an alternative method for applying, you may contact Precision Medicine Group at QuestionForHR@precisionmedicinegrp.com.
It has come to our attention that some individuals or organizations are reaching out to job seekers and posing as potential employers presenting enticing employment offers. We want to emphasize that these offers are not associated with our company and may be fraudulent in nature. Please note that our organization will not extend a job offer without prior communication with our recruiting team, hiring managers and a formal interview process.