Sourcing Manager at Barclays optimizing third - party spend requirements with close collaboration across teams. Developing sourcing strategies and managing compliance requirements to enhance operational efficiency.
About the role
- Associate Director overseeing external manufacturing procurement with strategic sourcing at Teva Pharmaceuticals. Focused on cost optimization and supplier negotiations to enhance procurement performance.
Responsibilities
- Drive TCO-focused cost reduction initiatives, should-cost modeling, and working capital optimization.
- Lead fact-based negotiations with senior supplier leadership using robust analytics, market intelligence, and external benchmarking.
- Identify and deliver year-over-year savings and cost avoidance opportunities across technologies and categories.
- Ensure sourcing strategies and implementation plans are aligned with global category objectives and business requirements.
- Act as a key procurement representative in cross-functional SRM teams involving Technical, Quality Assurance, and Supply Chain.
- Drive supplier performance initiatives and operational excellence projects with clear financial and strategic benefits.
- Collaborate with EXM suppliers to identify cost optimization and process improvement opportunities with measurable outcomes.
- Structure and negotiate best-in-class contracts with favorable commercial terms, clear performance KPIs, and effective risk mitigation.
- Apply advanced contracting methodologies and support resolution of commercial disputes when required.
Requirements
- Bachelor’s degree in Business, Engineering, Pharmaceutical Sciences or related discipline
- MBA or equivalent advanced degree preferred.
- Minimum of 8 years of experience in procurement or strategic sourcing is required, preferably within the pharmaceutical, life sciences, or manufacturing industry.
- Knowledge and skills: Understanding of the pharmaceutical industry globally, especially in North America
- Ability to draw strategic insights from analysis and effectively summarize and present insights
- Demonstrated success in achieving year-over-year cost reductions through structured negotiations and category management.
- Deep understanding of total cost of ownership and supplier financial dynamics.
- Strong negotiation, contract management, and stakeholder engagement skills.
- Demonstrated strong problem solving, negotiation, and conflict management skills.
- Good Presentation Skills
- Ability to quantify financial benefits for identified opportunities and initiatives
- Experience with digital procurement tools (e.g., SAP Ariba, Coupa) and data analytics platforms.
- Knowledge and experience in working on SAP, Ariba, MS-Office (Word, Excel, PowerPoint, Outlook).
Benefits
- Comprehensive Health Insurance: Medical, Dental, Vision, and Prescription coverage starting on the first day of employment, providing the employee enrolls.
- Retirement Savings: 401(k) with employer match, up to 6% and an annual 3.75% Defined Contribution to the 401k plan.
- Time Off: Paid Time Off including vacation, sick/safe time, caretaker time and holidays.
- Life and Disability Protection: Company paid Life and Disability insurance.
- Additional benefits include, but are not limited to, Employee Assistance Program, Employee Stock Purchase Plan, Tuition Assistance, Flexible Spending Accounts, Health Savings Account, Life Style Spending Account, Volunteer Time Off, Paid Parental Leave, if eligible , Family Building Benefits, Virtual Physical Therapy, Accident, Critical Illness and Hospital Indemnity Insurances, Identity Theft Protection, Legal Plan, Voluntary Life Insurance and Long Term Disability and more.
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