Analyst III, R&D Procurement Analytics

1 month ago

Hyderabad, Telangana, India Bristol Myers Squibb Full time

Description:

The Research & Development, Analyst III, 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, Analyst III, Agile Sourcing will build an understanding of BMSs 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, Analyst III 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 BMSs 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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