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Senior Sourcing Manager
3 months ago
The Senior Sourcing Manager at Pharmascience plays a crucial role in formulating and implementing the sourcing strategy to ensure optimal supply stability, quality, and cost-effectiveness. This essential position focuses on maintaining a dependable supply chain, swiftly addressing supply challenges to prevent stock shortages, and collaborating with partners on product enhancements. Responsibilities also encompass overseeing supply from purchase orders to inventory release, negotiating supplier contracts, managing expenses, and working alongside various teams, including Project Management and the Brand Team, to fulfill product requirements and facilitate development.
In this capacity, you will work closely with Pharmascience's brand and operations managers, as well as the cross-functional team. This includes collaboration with Sourcing, Supply Chain, Demand Planning, Project Management, Finance, Legal, and Quality & Compliance to align with Pharmascience's strategic objectives.
Key Responsibilities:
Formulate an annual sourcing strategy and budget plan Negotiate supply agreements, renewals, and pricing Oversee supply from purchase orders to inventory release Ensure adherence to all contractual terms and conditions Source and negotiate supply contracts, ensuring timely product development in conjunction with cross-functional teams for product line extensions and improvements Engage in all product development and enhancement projects from inception to completion Generate annual savings in supply costs Identify and mitigate supply risks, proactively communicating potential issues to cross-functional teams Ensure accurate specifications, minimum order quantities (MOQ), and batch sizes are consistently updated in the system, collaborating with supply and demand teams to optimize purchasing patterns and inventory management for cost savings, including calculating and applying economic order quantity (EOQ) Conduct annual performance evaluations with suppliers, identifying potential risks and opportunities Provide an annual overview of supplier capabilities to uncover new opportunities, product improvements, and potential cost savings or increases as part of the planning processWork Environment:
This role involves office work that requires regular communication with suppliers and cross-functional partners.
Some flexibility in working hours and international travel may be necessary to engage with global partners.
Required Skills, Knowledge, and Abilities:
Bachelor's degree in Supply Chain Management, Business Administration, or a related discipline. Supply Chain Certifications are advantageous. At least 7 years of experience in procurement/sourcing of CPG/OTC products from international sources. Results-driven, effectively managing a diverse range of projects. Proactive leadership and initiative to manage projects independently and effectively. Exceptional communication and interpersonal skills. Strong analytical, problem-solving, and decision-making abilities. Proven collaboration skills, effectively working with others to achieve shared goals. Bilingual Advantage: Proficiency in both French and English is beneficial for communication with external partners. In-depth knowledge of CPG/OTC products and regulatory requirements. Experience in a pharmaceutical company is a plus. Comprehensive understanding of Procurement and Sourcing best practices, policies, and regulations. Proven track record in successful supplier negotiations and contract management. Proficiency in MS Office, Excel, PowerPoint, and SAP.