Senior Director, Global Strategic Sourcing

2 weeks ago

Delhi, India CDS Fortrea Inc. Full time
As a leading global contract research organization (CRO) with a passion for scientific rigor and decades of clinical development experience, Fortrea provides pharmaceutical, biotechnology, and medical device customers a wide range of clinical development, patient access and technology solutions across more than 20 therapeutic areas. With over 19,000 staff conducting operations in more than 90 countries, Fortrea is transforming drug and device development for partners and patients across the globe.
Fortrea is seeking a Senior Director, Global Strategic Sourcing to provide strategic leadership for the Global Procurement Services organization. The ideal candidate will drive transformational initiatives while ensuring alignment with corporate objectives. The Sr. Director will oversee the development and execution of category strategies to optimize costs and drive value creation.
Summary of Responsibilities:
Provide strategic leadership for the Global Procurement Services organization, driving transformational initiatives and ensuring alignment with corporate objectives.
Develop, manage, and execute category strategies to support Fortrea’s strategic imperatives and mission.
Partner with leaders across the enterprise to provide efficient and effective category strategies and preferred suppliers.
Lead cross-functional stakeholder teams on strategic sourcing initiatives, driving value through supplier relationship management.
Conduct regular contract review meetings with suppliers and key stakeholders to ensure performance meets expectations.
Cultivate a strong team environment and service culture to deliver timely and quality services.
Own and manage the end-to-end Source to Contract process for assigned categories, ensuring compliance and regulatory reporting.
Develop, monitor, and analyze procurement metrics and spend analytics to drive continuous improvement.
Conduct market research and analysis to identify potential suppliers and negotiate favorable terms and pricing.
Provide advice on all procurement related issues and discuss detailed contractual issues on a wide and varied portfolio with stakeholders to ensure that (i) contractual terms and obligations are fully understood, (ii) both financial, operational, and supply risks are minimized, and (iii) stakeholders fully understand and remain in compliance with finance, legal and procurement procedures
Ensure compliance with company policies, industry regulations, and ethical procurement practices
Deliver savings and value targets across multiple dimensions, including material deflation and cost optimization.
Qualifications (Minimum Required):
Bachelor's degree in Business Administration, Supply Chain Management; MBA preferred or a related field
A deep knowledge of leading sourcing processes, market trends, benchmarks, and best practices across categories under management
In-depth knowledge of building and implementing category strategy, management and sourcing, methodologies, and best practices
Attention to detail and accuracy in analysis
Ability to make decisions and commit to completion dates
Ability to troubleshoot issues of high complexity
Microsoft Office365 (Word, Excel, PowerPoint, Outlook, Teams, SharePoint)
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Experience (Minimum Required):
Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
Proven years of experience in procurement or strategic sourcing roles or allied fields
Strong negotiation, communication, and project management skills.
Ability to lead sourcing projects and teams and operate with significant autonomy
Proficiency in procurement software and data analysis tools
Proven analytical skills, and demonstrated ability to solve complex problems to drive value
Deep business and financial acumen and strong strategic and conceptual skills
Demonstrated excellent written and verbal communication skills
Working knowledge of data analysis and forecasting tools and ability to develop actionable insights from data
Interpersonal skills and ability to build, develop and maintain trusted relationships both internally and externally
Fortrea is actively seeking motivated problem-solvers and creative thinkers who share our passion for overcoming barriers in clinical trials. Our unwavering commitment is to revolutionize the development process, ensuring the swift delivery of life-changing ideas and therapies to patients in need. Join our exceptional team and embrace a collaborative workspace where personal growth is nurtured, enabling you to make a meaningful global impact.

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