Sr. Manager, Outsourcing & Vendor Management

Princeton, NJ, USA

Req #339

Wednesday, May 8, 2024

Looking for a chance to make a meaningful difference in the oncology space? Taiho Oncology is on a mission: to improve the lives of patients with cancer, their families, and caregivers. Our “People first” approach means we also highly value our employees, who work relentlessly to help execute our mission. Taiho’s success is founded on ensuring we always act with accountability, collaboration, and trust. By following these guiding principles, we earn and maintain the confidence of patients, the global healthcare community, collaborators and partners, and each other. Together, we are working on cutting-edge science and growing our portfolio and pipeline across a range of tumor types to address the ongoing and evolving needs of patients. Advanced technology, a world-class clinical development organization, and state-of-the-art facilities: these and other resources empower us to innovate and touch the lives of more and more patients. It’s our work, our passion, and our legacy. We invite you to join us.

Hybrid

Employee Value Proposition:

Join our dynamic and expanding mid-size company in the role of Sr. Manager, Outsourcing and Vendor Management. Your expertise will play a pivotal and visible role in advancing outsourcing strategy and management for R&D categories at Taiho. You’ll have an opportunity to work in a cross-functional environment with colleagues in Japan, US and Europe. The size of our company allows for firsthand experience across different spend categories, procurement operations and external supplier development and management.

Position Summary:

Senior Manager, Outsourcing and Vendor Management, supports and implements strategic procurement activities for Taiho Oncology Inc. (TOI) and other TOI affiliates. Closely collaborating with R&D Functions and Corporate departments, the incumbent manages the Outsourcing process from Request for Proposal (RFP) through contract execution. The incumbent also manages vendor relationships including assessment, selection, evaluation, Key Performance Indicator (KPI) review, and escalation management. The incumbent demonstrates the ability to handle global projects through established interactions with Outsourcing department of Taiho HQ and/or other Otsuka group companies in Japan & the US.

Performance Objectives:

• Works cross-functionally with key internal stakeholders including R&D Functions, Finance, Legal, Quality, to negotiate MSA, SOW/WO, and Change Order.

• Establish Preferred R&D Suppliers for Clinical Studies and continually evaluate their effectiveness and performance.

• Lead the supplier selection process (RFx), including the selection of transactional suppliers for designated clinical studies, programs, and/or services.

• Develop Category management plan for R&D spend categories and execution of the plan after alignment with leadership.

• Lead R&D Supplier Relationship management including leading the governance committees, issue escalation management and stakeholder management.

• Manage and support RFI and RFP processes, including bid comparison, analysis, negotiation, and project award.

• Ensures compliance with all regulatory and reporting requirements related to Supplier Diversity and tracks Supplier Diversity for RFI and RFP.

• Support the procurement management systems (SAP Ariba, Contract Management Systems and Financial Systems.

• Set up and maintain Supplier Due Diligence/Risk for supplier assessment and selection.

• Support the implementation of SOPs and Guidance Documents.

• Contribute budget-relevant supplier savings by conducting analysis of spending patterns and negotiating best financial terms for Taiho.

• Ensure cost savings and reduction in supplier spend are achieved without placing risk on the company’s quality and operational timelines.

• Collaborate with Outsourcing department of Taiho HQ and other Otsuka group companies in Japan and the US to leverage the volume purchasing power.

• Identify and propose opportunities for process improvement of the supplier selection, contract negotiation, and cost saving components of the outsourcing process.

• Follow all applicable TOI Outsourcing SOPs and Guidance Documents.

  Education/Certification Requirements:

• Bachelor’s Degree in Legal, Life Science, Business Administration, or equivalent; advanced degree is a plus.

  Knowledge, Skills, and Abilities:

• 6 plus (6 +) years direct experience in procurement and/or sourcing required.

• Pharma/Biotech industry experience required.

• 4 plus (4+) years of R&D (Clinical Studies, CROs, Central Lab, IRT, IRBs, Wearables, Investigators sites, Medical Affairs, HEOR, CMC and other related ancillary providers etc.) sourcing experience required.

• Demonstrated ability to execute strategic sourcing methodology (define, gather/analyze, strategy development, implementation, supplier management).

• Ability to identify and solve complex contractual and operational business challenges.

• Experience working with cross-functional teams.

• Clinical and Corporate Sourcing experience is a plus.

• Supplier Diversity experience is a plus.

• Financial analysis experience which includes budget management, development of and evaluation of pricing models, ability to perform contract impact analysis, which transfers to negotiations of contracts.

• CPM or CPIM certification is a plus.

• Ability to read and interpret documents such as procedure manuals.

• Ability to write reports and correspondence.

• Ability to speak effectively before groups of employees of organization, suppliers, consultants.

• Proficient in use of MS Office applications, in particular Excel.

• Some travel required.

  The pay range for this position at commencement of employment is expected to be between $159,800 - $188,000 annually; however, base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. The total compensation package for this position may also include other elements, including a sign-on bonus, and discretionary awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as PTO, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

  If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

  #LI-Hybrid

  Equal Opportunity Employer Information: Taiho Oncology is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, gender, sex, age, religion, creed, national origin, ancestry, citizenship, marital status, sexual orientation, physical or mental disability, medical condition, veteran status, gender identity, genetic information, or any other characteristic protected by federal, state, or local law. Any applicant who, because of a disability, needs an accommodation or assistance in completing an application or at any time during the application process, please emailPeople@taihooncology.com. Taiho Oncology also provides reasonable accommodations to employees with disabilities consistent with our obligations under the law. Pursuant to applicable state and municipal Fair Chance Laws and Ordinances, we will consider for employment qualified applicants with arrest and conviction records.

The incumbent in this position may be required to perform other duties, as assigned.

• Princeton, NJ, USA