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2026 Future Talent Program - Global Supplier Management Group Research & Development Sourcing a[...]
MerckWest Point, AL, USjob_description.job_card.1_day_ago
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- serp_jobs.job_card.full_time
job_description.job_card.job_descriptionSupplier and Supply Market Analysis – conduct rigorous market intelligence and detailed supplier and supply market analyses, to provide deep and meaningful insight to Sourcing teams. Cost Modeling / Cost reduction – construct detailed cost models / purchase price analysis of goods and services that are supplied to our company. May require supplier visits to understand cost structures and develop cost reduction opportunities. Supplier Performance Management – supplier performance monitoring, root cause investigation, issue management, risk assessment and mitigation Strategic Analysis – conduct project analyses (up to six types) transforming information into insights and options. Examples include Portfolio Analysis, Supplier Referencing, and Day One Sourcing. Financial Analysis & Reporting – prepare analysis and reporting of category spend, savings, compliance, and other metrics monthly. Support annual budget / profit planning for the category at global level. Maintain financial reporting and management systems (including SAP) with up-to-date data. Negotiation Planning – create pre-negotiation plans, lead / provide support in negotiations with suppliers, and conduct post-negotiation debriefs and follow-through plans. Sourcing – create and execute RFIs, RFPs, and e-Auctions, with structured information analysis using electronic procurement processes. Risk Assessment and Mitigation – conduct risk assessments (including Financial Solvency Analysis, FCPA compliance, etc.) and establish risk mitigation plans within the supply-base. Category Team Membership – active member of one or more category teams to develop breakthrough strategies for cost reduction targets. Sharing of Learnings – generate work of world-class quality and share with colleagues throughout GSMG Corporate Communications – identify communications opportunities, provide guidance on communications best practices, draft / edit articles, blogs, newsletters, slides. Be a proactive member of the Change Agent Network. Currently in sophomore or junior level curriculum, pursuing a Bachelor's degree in business (Finance / Management), Supply Chain Management, Manufacturing, Market Research, Communications or a Science-related discipline (Engineering, Statistics, Biology, Chemistry, Biochemistry or Bioengineering). Or currently enrolled in an MBA or other graduate program. Superior interpersonal skills with the ability to work on cross-functional teams Excellent verbal and written communication skills, including presentations, cultural awareness, familiarity with SharePoint / Yammer, and principles of business communication / marketing / journalism Strong data collection, analysis and reporting skills Excellent project management skills Ability to work independently with flexibility in ambiguous and dynamic situations Quick learner with motivation to develop technical, business and commercial skills Proficient in Microsoft Office (Excel, PowerPoint, Word) Demonstrated excellent academic achievement Focus on process improvements and simplification Prior pharmaceutical industry experience or experience in a Fortune 500 company Experience with SharePoint or similar collaboration sites Experience with TIBCO Spotfire or other data analytics / visualization tools Experience with Excel for large data sets Knowledge of data collection methods (polls, focus groups, surveys) GPA 3.0
Overview
2026 Future Talent Program - Global Supplier Management Group Research & Development Sourcing and Procurement Co-op at Merck. The Future Talent Program features Cooperative (Co-op) education that lasts up to 6 months and will include one or more projects. These opportunities in our Global Support Functions Division can provide you with great development and a chance to see if we are the right company for your long-term goals.
Responsibilities
- Support strategic and operating objectives for the procurement function including product sourcing, supply risk management, supplier performance improvement, cost reduction, supplier diversity development, working capital improvement, and supplier relationship management
- Work with cross functional teams including Legal, Finance, Procure-to-Pay, internal stakeholders, and external suppliers
- Conduct detailed market analyses looking at facts and data, with the objective of providing deep and meaningful insights
- Implement procurement efforts and execute tactical procurement processes. Serve as a resource regarding processes, procedures and systems for procurement function.
- Support selection of suppliers to ensure appropriate savings and service levels. Ensure that all legal contract requirements are met. Manage relationships with external contacts to ensure optimal team performance and to take appropriate actions by implementing contract negotiation, communication with suppliers and / or or modifying procedure to ensure customer satisfaction.
- Enforce compliance with all Global Procurement policies and procedures by using a data driven business case approach.
Additional Responsibilities
Education Minimum Requirement
Required Experience And Skills
Preferred Experience And Skills
Please note that this position may be closed before the posted end date or may remain open longer, at the discretion of the company.
Salary Range : The salary range for this role is $39,600.00-$105,500.00 USD
Job posting end date : 11 / 03 / 2025
Requisition ID : R364649
J-18808-Ljbffr
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Future Talent • West Point, AL, US
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