Strategic Sourcing & Procurement Co-Op Program 2020
- Opportunity Profile:
Strategic Sourcing & Procurement Co-Op Program
July - December 2020
Strategic Sourcing & Procurement Overview
Strategic Sourcing & Procurement (SS&P) is a corporate strategic sourcing group that serves Bristol Myers Squibb’s global business units to 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, Procurement 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.
Strategic Sourcing & Procurement is organized primarily by the type of goods/services purchased as well as ensuring rigor/consistency of sourcing and supplier management processes. These SS&P categories of spend and their corresponding teams are aligned to the BMS business and fall into the following four Functional Areas: Commercial, Enabling Services, Global Product Development & Supply, and Research & Development. In addition to deeply-experienced teams that develop solid, clear business partnering plans and global category strategies, we support those Functional Areas with sourcing, contracting and analytics. In addition, SS&P also 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.
Strategic Sourcing & Procurement Co-Op Program
Given the nature of the strategic imperatives that the Strategic Sourcing & Procurement Organization is currently engaged in, the Co-Op Program seeks strong performers with a high level of motivation and interest in furthering a career in Procurement/Supply Chain. Candidate will be placed in one of the above mentioned Functional Areas or SP&C groups dependent upon need and will become a valued member of one of several cross-category or cross-functional teams, which are 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.
Duties & Responsibilities
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 and define specifications.
Have the ability to communicate effectively, both orally and in writing. Effectively 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. Manage changing and competing priorities. Analyze results and make adjustments to ensure delivery 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.
Assist in developing 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 and leverage appropriate tools and tactics; i.e. spreadsheets, presentation, databases, etc.
Candidates are expected to be available from July 2020 – December 2020, working 40 hours per week (core business hours) at either the Tampa, FL or Princeton, NJ locations. A relocation stipend may be possible.
Matriculated student enrolled in Bachelor’s (prefer junior/senior) or MBA degree program. Desired backgrounds/degrees include:
- Supply Chain
- Business Administration
- 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.
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