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Analyst III, HEOR Agile Sourcing
4 months ago
Job Description:
BMS Hyderabad is an integrated global hub where our work is focused on helping patients prevail over serious diseases by building sustainable and innovative solutions. This important science, technology, and innovation center will support a range of technology and drug development activities that will help us usher in the next wave of innovation.
The Research & Development, Manager, Agile Sourcing (AS) is part of a global team which collaborates with R&D category leaders and business partners on procurement execution through data analytics and sourcing in support of procurement category strategies.
The R&D, Manager, Agile Sourcing will build an understanding of BMS’s global, end-to-end value chain as it relates to the categories in focus. Key responsibilities include leading data analytics projects in support of procurement objectives like the development and maintenance of purchasing & negotiation strategies. The R&D, Manager may also support the conduct of sourcing projects and the negotiation of contracts; and identifying supply optimization opportunities for speed-to-market, innovation, revenue enhancement, mitigated risk/improved lifecycle management, overall competitive cost advantage, and other sources of value for Bristol Myers Squibb. This role has a strong emphasis on data analytics.
Key Responsibilities:
Lead data analytics efforts to optimize procurement decisions:
- Partner with procurement stakeholders to understand their needs and recommend solutions as it pertains to data analysis and interpretation to support decision making and category planning.
- Develop datasets by preparing and combining raw data from various sources for analysis.
- Conduct financial analyses on supplier proposals and generate recommendations for supplier selection or negotiation strategies.
- Develop or leverage quantitative methodologies to predict future demand or pricing trends.
- Create visualizations (charts, graphs, dashboards) to communicate findings effectively.
- Work within procurement organization on continuous improvement opportunities in the domain of procurement analytics.
- Partner with supporting functions (Business Intelligence, Information Technology) to evaluate current and potential tools, platforms, etc. for potential uses within the procurement ecosystem. Including those with machine learning capabilities.
- May also directly engage supplier contacts directly as it pertains to expectations alignment on data insights, formatting, etc. to meet BMS requirements.
Support end-to-end implementation of Sourcing and Contracting Strategy
- Ability to manage a large book of work across multiple individuals, teams, geographies. Must be able to bring organization and transparency to a fast-paced environment.
- Lead short and long-term initiatives that deliver positive impacts on the organization, including training and development programs.
- Lead the preparation and solicitation of competitive bids, quotations and proposals; evaluate competitive offerings; assess supplier product and pricing information; conduct negotiations and communicate decisions externally.
- Prepare, issue and negotiate contracts for legal review and approval. .
- Provide insights from internal and market analytics to influence the development of strategic category plans; partner with category leaders and business partners on plan development, including building plans for smaller categories. Builds understanding of BMS’s global, end-to- end value chain as it relates to the categories in focus.
Qualifications & Experience:
Minimum Requirements:
- B.S./B.A. (Business, Science or Engineering is desirable)
- Minimum of 5 years’ work experience with at least 3 years in business analytics or relevant experience (preferably in the life sciences industry)
- Experience in leveraging industry standard data analytical & visualization tools such as Microsoft Power BI, Tableau, SAP/ERP planning modules, etc.
- Understanding of the value proposition of the procurement function and a passion to support efforts that bring more medicines, to more patients faster.
- Expertise in procurement processes, technology and systems, supplier analysis and management, financial analysis, market analysis, supplier diversity, strategic planning and integrated supply chain.
- Demonstrated ability to partner with and manage internal stakeholders up to some senior leaders within a highly matrixed organization, working across cross-functional, cross-organizational teams.
- Strong understanding of data analytics, category management, project and performance management
- Comfort in lower complexity contract review e.g. Statements of Work/Work Orders.
- Proficiency in English
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