Merck KGaA Darmstadt Germany - Rahway, NJ

posted 5 months ago

Full-time - Intern
Rahway, NJ
Chemical Manufacturing

About the position

The Future Talent Program features internships that last up to 12 weeks 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. Our company in the United States and Canada is a global health care leader with a diversified portfolio of prescription medicines, vaccines, and animal health products. The difference between potential and achievement lies in the spark that fuels innovation and inventiveness; this is the space where our company has codified its legacy for over a century. Our company's success is backed by ethical integrity, forward momentum, and an inspiring mission to achieve new milestones in global healthcare. Our ability to excel depends on the integrity, knowledge, imagination, skill, diversity, and teamwork of an individual like you. To this end, we strive to create an environment of mutual respect, encouragement, and teamwork. As part of our global team, you will have the opportunity to collaborate with talented and dedicated colleagues while developing and expanding your career. Strategic Supplier Management is a rigorous, data-driven methodology which relies upon high-quality market intelligence for suppliers, supply markets, and supply chains, as well as strategic analysis and reporting of internal business requirements, supplier performance, spend, and savings data. Intern positions last 10-12 weeks and will include several projects. This role will support several facets of the Research and Development Sourcing & Procurement organization. The successful candidate will prepare and conduct market intelligence gathering and strategic analysis; pre-negotiation planning; RFIs, RFP/Qs, and e-auctions; quotation analysis and cost modeling; financial solvency analysis, risk assessments, FCPA verification, and other compliance/due diligence assessments; supplier performance monitoring and issue resolution; budget planning process support and ongoing spend, savings, and compliance metrics reporting. Intern Positions are available in each of the following Sourcing & Procurement areas in Global Human Health as well as Global Animal Health: Research and Development Sourcing & Procurement is responsible for conducting strategic sourcing initiatives in support of drug discovery and development, specifically in the areas of discovery sciences, preclinical development, clinical development, regulatory affairs, and lab supplies and equipment, within our company's Research Labs.

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 the 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 modifying procedures to ensure customer satisfaction.
  • Enforce compliance with all Global Procurement policies and procedures by using a data-driven business case approach.
  • Conduct rigorous market intelligence and detailed supplier and supply market analyses to provide deep and meaningful insight to Sourcing teams.
  • Construct detailed cost models/purchase price analysis of goods and services that are supplied to our company.
  • Monitor supplier performance, conduct root cause investigations, and manage issues, risk assessments, and mitigation strategies.
  • Prepare analysis and reporting of category spend, savings, compliance, and other metrics data on a monthly basis.
  • Create detailed pre-negotiation plans, lead and participate in negotiation sessions with suppliers, and conduct post-negotiation debriefs and follow-through plans.
  • Create and execute RFIs, RFPs, and e-Auctions, together with subsequent structured information analysis wherever possible using electronic procurement processes.
  • Conduct effective risk assessments and establish appropriate risk mitigation plans within the supply base.

Requirements

  • Currently in sophomore or junior level curriculum, pursuing a Bachelor's degree in business (such as Finance or 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 program or other graduate program.
  • Superior interpersonal skills with the demonstrated ability to work successfully on cross-functional teams.
  • Possess excellent verbal and written communication skills including ability to make clear and concise presentations, sensitivity to cultural differences in communication, experience with SharePoint and Enterprise Social Media (specifically Viva Exchange formerly Yammer), and familiarity with principles of business communication, marketing and/or journalism.
  • Strong data collection, analysis, and reporting skills.
  • Excellent project management skills.
  • Ability to work independently with a high degree of flexibility and adaptability to deal with ambiguous and dynamic situations.
  • Quick learner and motivated to cultivate technical, business and commercial skills by applying their knowledge within our company's environment.
  • Proficient in Microsoft office suite (Excel, PowerPoint, Word).
  • Demonstrated excellent academic achievement.
  • Focus on process improvements and simplification.

Nice-to-haves

  • Prior pharmaceutical industry experience or any fortune 500 company experience.
  • Experience with using SharePoint or other similar collaboration websites.
  • Experience with TIBCO Spotfire or other data analytic/visualization tools.
  • Experience with using Excel to manage large data sets.
  • Knowledge of data collection methods (polls, focus groups, surveys).
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