Director of Lab Diagnostics Sourcing & Procurement

Employer
LabCorp
Location
Alamance County, NC
Posted
Sep 12, 2021
Closes
Sep 18, 2021
Ref
2349847154
Organization Type
Corporate
The Director of Lab Diagnostics Sourcing & Procurement is responsible for sourcing strategy and supplier management supporting in-vitro diagnostics relationships. This category includes laboratory instrumentation, reagents and associated testing supplies which include chemicals and vendor specific consumables. This position directs enterprise strategy within the category and develops proposals in support of strategic business decisions.

Responsibilities include the following:

Leading the In-vitro Diagnostics Sourcing and Procurement team, who:

Provide high value procurement solutions to the business and category strategies; support third party vendor selection, vendor development, technology management and performance measurement activities.
Ensure best-in-class delivery of laboratory instrumentation and products in the relevant category to support clinical laboratory operations, R&D and all technical projects to realize year-on-year productivity improvements, cost savings, and process improvements in close collaboration with the customers in the business.
Develop proposals for strategic business decisions and provide support of develop internally-versus-buy options (e.g. in-/outsourcing of technologies).

Leading the In-vitro Diagnostics Sourcing and Procurement team in support of:

Analytical and laboratory equipment moves
Vendor first-point-of-contact
Internal customer vendor engagement
Accountable for development and implementation of the individual category procurement strategy in alignment with business needs.
Responsible for development and execution of robust category strategies that meet the needs of multiple cross divisional stakeholders as well as drive exceptional value for LabCorp and the various subsidiaries.
Oversees strategic supplier relationship management for Tier 1 and Tier 2 suppliers, organization and execution of regular Business Review Meetings and drive execution of action items.
Oversees the establishment and maintenance of relationships with global strategic vendors, ensuring continuous improvement, spend/cost transparency and cross-divisional account management with Tier 1 suppliers
Inspires the In-Vitro Diagnostics Sourcing and Procurement team by:
Communicating a shared vision to reach current and future goals
Ensuring team members are connected to the value they bring
Celebrating individual and team accomplishments
Models collaboration that creates an inclusive and trusted environment
Proactively supports the business in assessing of new innovative/technology-driven vendors through networking, cold-calls, conferences, etc.
Represent Procurement as a strategic business partner on stakeholder Leadership Team, Science and Technology and Scientific Counsel.
Serves as a Primary Business Partner with one or more assigned line functions representing Procurement on stakeholder Leadership teams, strategic business reviews and budget planning.
Accountable for segmentation of the supplier base and approval of new vendors within the segment.
Oversees and may negotiate and finalize Master Service Agreements.
With the appropriate business and finance teams:
Accountable for productivity and savings planning as well as ensuring the procurement participation in the annual budgeting planning for the category.
Accountable for the overall delivery of the category savings targets for all Divisions following the target setting process.
Accountable for compliance with all the applicable policies, procedures, and regulatory guidelines in accordance with the applicable law.

Requirements

Education:

PhD in a scientific or technical discipline

Experience:

7-10 years of experience in related field with experience with negotiating multiple deal structures including licensing and co-development agreements.
A thorough understanding of laboratory operations and R&D is desired, including a thorough knowledge of materials management, laboratory inventory control and contract negotiations.
Strong leadership skills are required.

Shift

1
Schedule

M-F 8-5

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