Senior Manager, Global Strategic Sourcing

3 weeks ago

Bangalore, India Fortrea 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 looking for a Senior Manager of Global Sourcing to join our global team. If you have experience leading strategic sourcing initiatives and managing end-to-end Source to Contract processes, this role may be for you. As the Senior Manager, you'll collaborate with cross-functional teams to drive value creation and ensure alignment with business objectives.

Summary of Responsibilities:

Lead the development, management, and execution of 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. Manage multi-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 identify opportunities for improvement. Conduct market research and analysis to identify potential suppliers and negotiate favorable terms and pricing. 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, or a related field; MBA preferred or a related field. A deep knowledge of sourcing processes, market trends, benchmarks, and best practices across categories under management In-depth knowledge of category strategy, management and sourcing, methodologies, and best practices 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 Demonstrated organizational, time management, and multi-tasking 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 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)

Experience (Minimum Required):

Bachelor's degree in Business Administration, Supply Chain Management; MBA preferred 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 work autonomously and operate with significant autonomy Proficiency in procurement software and data analysis tool

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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