Job Description
The Manager, Indirect Strategic Sourcing is responsible for executing the company’s sourcing strategy and category management practices located in Bridgewater, New Jersey. This role partners with Finance (FP&A), Legal, and business stakeholders to identify cost optimization opportunities, maximize value, and minimize risk.
Key Responsibilities
- Execute sourcing strategies aligned with business needs and financial/operational objectives.
- Manage key vendor relationships to drive performance, innovation, and continuous improvement.
- Ensure compliance with sourcing policies; track and report exceptions.
- Drive high-quality outcomes and identify process improvement opportunities.
- Support sourcing leadership in achieving 10–15% annual savings targets.
- Lead and support high-value sourcing initiatives, including contract negotiations.
- Collaborate with business leaders to align on sourcing strategy and gain stakeholder buy-in.
- Develop and track KPIs to measure sourcing performance and outcomes.
- Provide regular reporting on sourcing initiatives, risks, and progress to leadership.
- Deliver training on sourcing policies, processes, and best practices.
- Maintain regulatory compliance (e.g., SOX, third-party risk management).
- Apply best practices, including spend analysis, RFx execution, contract management, and preferred supplier programs.
- Lead sourcing projects, including RFx development, supplier selection, and contract negotiations.
- Establish operational metrics to monitor performance and drive improvement.
- Ensure sourcing projects have clear financial and operational goals aligned with stakeholders.
- Partner with Business Owners, Legal, and FP&A to meet project timelines.
- Support supplier diversity, development, and performance initiatives.
- Apply knowledge of compliance areas such as patient services, IT, HIPAA, and adverse events.
Qualification And Experience
Minimum Requirements:
- Bachelor’s or Master’s degree in Supply Chain, Management, or related field.
- 5+ years of indirect procurement experience in pharmaceutical/biopharma industry.
- Experience managing sourcing projects and financial KPIs.
- Strong understanding of pharmaceutical development and commercialization.
Required Experience (5+ years each):
- Developing indirect procurement strategies
- Spend analysis and procurement execution
- Managing RFIs/RFPs
- Demand management, outsourcing/insourcing programs
- Contract negotiation within pharmaceutical sourcing
Travel: ~10%
The anticipated annual base salary range for this position in New Jersey is $100,000 to $115,000, plus a discretionary performance bonus (based upon eligibility). The final salary offered to a successful candidate may vary and will be dependent on several factors that may include but are not limited to: the type and length of experience within the job, the type and length of experience within the industry, skillset, education, business needs, etc. Lupin is a multi-state employer, and this salary range may not reflect positions that work in other states
Competencies
- Collaboration
- Customer Centricity
- Developing Talent
- Innovation & Creativity
- Process Excellence
- Result Orientation
- Stakeholder Management
- Strategic Agility