Strategic Sourcing Manager

2 weeks ago

Somerville, United States Generate Biomedicines Full time

**About Generate:Biomedicines**

Generate:Biomedicines is a new kind of therapeutics company - existing at the intersection of machine learning, biological engineering, and medicine - pioneering Generative Biology to create breakthrough medicines where novel therapeutics are computationally generated, instead of being discovered. The Company has built a machine learning-powered biomedicines platform with the potential to generate new drugs across a wide range of biologic modalities. This platform represents a potentially fundamental shift in what is possible in the field of biotherapeutic development.

We pursue this audacious vision because we believe in the unique and revolutionary power of generative biology to radically transform the lives of billions, with an outsized opportunity for patients in need. We are seeking collaborative, relentless problem solvers that share our passion for impact to join us

Generate:Biomedicines was founded in 2018 by Flagship Pioneering and has received nearly $700 million** **in funding, providing the resources to rapidly scale the organization. The Company has offices in Somerville and Andover, Massachusetts with over 300 employees.

**The Role**:
Generate:Biomedicines is looking for a **Strategic Sourcing Manager **to join our growing Strategic Procurement team. The Strategic Sourcing Manager plays a crucial role in addressing the needs of our research teams, and establishing Sourcing Category Strategies that address these needs. We are a rapidly growing company and are looking for an individual who is highly collaborative and will thrive in a fast-paced environment.

This role will work in close collaboration with key stakeholders in Discovery Research and Early Development. The position requires a blend of high-level Strategic Sourcing expertise with a solid understanding of the scientific and business aspects of drug discovery and development. Responsibilities include developing and implementing Category Strategies and Plans for Pre-Clinical Research, analyzing global market trends, leading cost-saving initiatives, and managing supplier relationships. The Category Manager also contributes to internal initiatives and projects within the organization, playing a pivotal role in cross-departmental collaborations that drive category growth and operational excellence.

**Here's how you will contribute**:

- Manage Procurement Operations to ensure efficient supplier management and purchasing processes are performed in a timely manner while adhering to internal controls.
- Provide guidance, support, and mentorship to stakeholders across the company, with all procurement operations related activities.
- Oversee the procurement process from requisition to payment, ensuring compliance with organizational policies, procedures, and regulatory requirements.
- Collaborate with other areas of the Finance team to address and resolve Procure to Pay (P2P) issues and system infrastructure. Provide excellent customer service and transactional support to internal stakeholders, work closely with external partners address operational issues, provide policy and compliance related guidance, and respond to inquiries.
- Develop materials and train internal stakeholders and new hires on the Coupa platform to ensure compliance and efficiency in Generate processes.
- Manage relationships with suppliers to ensure favorable terms, quality products/services, and timely deliveries. This includes negotiating contracts, resolving issues, and evaluating supplier performance.
- Develop Key Performance Indicators (KPIs) to assess the effectiveness of procurement activities and identify areas for improvement.
- Establish and track metrics to measure and understand the team's efficiencies, buying timeliness, and process throughput. Make recommendations for areas of improvement highlighted by the metrics.
- Identify key areas of procurement activities that fall under Sarbanes-Oxley Act (SOX) compliance requirements, such as financial reporting, internal controls, and segregation of duties.
- Proactively identify opportunities to streamline procurement processes, optimize supplier relationships, and reduce costs while maintaining quality standards.
- Develop effective processes and policies to strengthen internal controls, enhance financial reporting integrity, and ensure compliance with regulatory mandates.
- Review accounts, departments, and programs that have been coded to purchase requisitions and work with the AP, Finance and Accounting teams to resolve discrepancies.
- Collaborate with Accounting team on general ledger reconciliations, account string maintenance, internal controls and other ad hoc activities such as audit requests.
- Work with Finance, Accounting, and IT teams to develop a P2P systems roadmap.
- Provide ongoing and project-specific support to Category Managers.
- Support Stakeholders in supplier selection.
- Conduct data gathering and analytics in support of negotiations and category st

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