At Bristol Myers Squibb, we are inspired by a single vision – transforming patients’ lives through science. In oncology, hematology, immunology and cardiovascular disease – and one of the most diverse and promising pipelines in the industry – each of our passionate colleagues contribute to innovations that drive meaningful change. We bring a human touch to every treatment we pioneer. Join us and make a difference.
Location: Princeton, New Jersey (Virtual)
Dates: January – June 2021
Strategic Sourcing & Procurement (SS&P) is a corporate strategic sourcing group that serves Bristol Myers Squibb’s global business units; maximize the value of external spend, deliver end-to-end business solutions, and drive sustainable benefits while considering total cost/value. Beginning with concise specifications and well-planned negotiations, SS&P strives to maximize contract value while maintaining strict quality standards. Procurement continuously works with strategic suppliers to develop and capture additional value within the supply chain through productivity initiatives and supplier collaboration.
In alignment with the BMS enterprise, SS&P aligned to support the categories of goods/services purchased across the business. These categories of spend fall into four Functional Areas: Commercial, Enabling Services, Global Product Development & Supply, and Research & Development. We develop solid business partnering plans and global category strategies to support those Functional Areas with sourcing, contracting and analytics. Lastly, SS&P houses an integrated Strategy, Process and Capabilities (SP&C) center of excellence, which builds and maintains enterprise-wide procurement strategy, procurement process ownership, procurement technology support, preferred supplier compliance, overall spend and savings tracking, supplier diversity, market intelligence and other services that support the entire SS&P organization globally.
We seek strong performers with a high level of motivation and interest in furthering a career in Procurement/Supply Chain. Based on need, Candidates will be placed in one of the above-mentioned Functional Areas, or SP&C groups responsible for developing and executing global sourcing/purchasing strategies for Bristol Myers Squibb.
The Co-Op Program serves as a pipeline of top talent for potential recruitment into Strategic Sourcing & Procurement, when such requirements and full-time opportunities become available.
Business Partnering: Assist team in establishing collaborative relationships internally within BMS and externally with suppliers. Work with Project Leader to capture stakeholder requirements and develop aligned solutions. Work with individuals and teams at varying levels of the Strategic Sourcing & Procurement and Business Unit organizations to drive value through optimal solutions.
Critical & Analytical Thinking: Assist in the formulation of strategies that are achievable, cost-effective and address organizational goals by providing data analysis. Use data to complete price analysis, identify cost drivers, construct process mapping & define specifications.
Business Communication: Have the ability to communicate effectively, both orally and in writing. Effective participate in group discussions and present information in a concise and logical manner. Actively listen and convey thoughts clearly. Solicit and provide appropriate feedback.
Project Management & Execution: Assist in prioritizing projects based on business objectives and goals. Management changing and competing priorities. Analyze results and make adjustments to ensure deliver on time and those stakeholder expectations are met.
Sourcing & Supplier Management: Support appropriate application of procurement sourcing methodology, category expertise, Supplier Relationship Management (SRM), Demand Management, Supplier Diversity and Contract Management. Learn and support appropriate use of BMS policy and procedures.
Negotiations: Assist in development and executing negotiation strategy. Document negotiation results. Quantify savings achieved. Ensure accurate translation of results into supplier agreements.
Tools & Technology: Possess/develop ability to analyze and interpret information to develop criteria and technical ranking factors for purchases of a variety of direct and/or indirect goods & services. Learn, understand & leverage appropriate tools & tactics; e.g. spreadsheets, presentation, databases, etc.
Qualifications & Experience
Matriculated student enrolled in a Bachelor’s (preferably Junior/Senior), or MBA degree program.
Preferred degrees/backgrounds: Supply Chain, Business Administration, Engineering, or Finance/Accounting
Candidate must possess the following skills: analytical, interpersonal, verbal and written communication, organization, and project management. Must demonstrate the ability to present ideas, issues, and observations into a clear and useful format, and balance several projects in a fast-paced team environment. Candidate must have the ability to collect, analyze, and integrate information by leveraging appropriate MS Office tools, including Word, Excel, Access and PowerPoint.
Why You Should Apply
Around the world, we are passionate about making an impact on the lives of patients with serious diseases. Empowered to apply our individual talents and diverse perspectives in an inclusive culture, our shared values of passion, innovation, urgency, accountability, inclusion and integrity bring out the highest potential of each of our colleagues.
Bristol Myers Squibb recognizes the importance of balance and flexibility in our work environment. We offer a wide variety of competitive benefits, services and programs that provide our employees with the resources to pursue their goals, both at work and in their personal lives.