Procurement Specialist, Capex

Posted 12 Days Ago
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Piscataway, NJ
Mid level
Biotech
The Role
The Procurement Specialist for Capex will lead sourcing initiatives for services, capital expenditures, and construction, manage procurement processes, negotiate contracts, optimize vendor performance, identify cost-saving opportunities, and ensure compliance with company procedures while collaborating with cross-functional teams and providing audit support.
Summary Generated by Built In
About GenScript

GenScript Biotech Corporation (Stock Code: 1548.HK) is a global biotechnology group. Founded in 2002, GenScript has an established global presence across North America, Europe, the Greater China, and Asia Pacific. GenScript's businesses encompass four major categories based on its leading gene synthesis technology, including operation as a Life Science CRO, enzyme and synthetic biology products, biologics development and manufacturing, and cell therapy.

GenScript is committed to striving towards its vision of being the most reliable biotech company in the world to make humans and nature healthier through biotechnology.

About ProBio

ProBio proactively provides end-to-end CDMO service from drug discovery to commercialization with proactive strategies, professional solutions and efficient processes in cell and gene therapy (CGT), vaccine, biologics discovery and antibody protein drug to accelerate drug development for customers. ProBio’s total cell and gene therapy solution covers CMC of plasmid and virus for IND filing as well as clinical manufacturing and commercial manufacturing. In terms of plasmid service, ProBio supports the most clinical approvals for CGT drugs including mRNA vaccines, CAR-T in China. It is also the first GMP manufacturing platform to provide in vitro transcription (IVT) template linearized plasmids for mRNA vaccines and has supported several mRNA vaccine global enterprises to obtain clinical approvals. In terms of viral vector service, ProBio has a stable and high-yield viral vector platform.

Overview: 

The role is responsible for implementing strategic sourcing initiatives for services, capital expenditures (CapEx), and construction projects to align with organizational goals and drive value. Key duties include managing the source-to-pay procurement process, overseeing project execution, ensuring compliance with company procedures, and evaluating vendor performance. The role involves negotiating contracts, identifying cost-saving opportunities, and monitoring KPIs related to cost savings, delivery, compliance, and quality. It also requires collaboration with cross-functional teams, serving as the primary point of contact for legal and internal stakeholders, and ensuring procurement compliance and continuous improvement. Additionally, the role supports audits and addresses supplier non-compliance or quality issues.

Location: Piscataway, NJ

Job Responsibilities: 

  • Implement strategic sourcing for services, capital expenditures (CapEx), and construction projects to align with organizational goals and maximize the company’s leverage to drive value.
  • Manage source-to-pay procurement processes and oversee all aspects of the procurement project execution and progress, for assigned categories, projects or key tasks, ensuring compliance with corporate procedures and regulations.
  • Mange and evaluate the vendor performance on the assigned projects. Identify, evaluate, and select vendors based on quality, cost, delivery, spend diversity and service criteria.
  • Negotiate pricing, terms and conditions, contracts and long-term agreements with suppliers to optimize value and mitigate risks.
  • Identify cost-saving opportunities through supplier selections, negotiations, consolidation and process improvements.
  • Monitor and manage KPI related to cost avoidance and savings, delivery timelines, compliance and quality execution, for the assigned categories and projects.
  • Service as point of contact with Legal support team for reviewing and managing agreements, contracts, proposals or statements of work (SOW) to ensure alignment with company legal requirements and company regulations.
  • Collaborate with cross-functional teams to forecast and plan CapEx, service and construction project procurement needs. Provide support and guidance to internal stakeholders on procurement processes and best practices.
  • Serve as a key liaison between internal stakeholders and suppliers to address procurement-related inquiries and resolve issues. Interact with wide array of internal and external stake holders to establish continuous improvement and governance of service and capital spend
  • Ensure the procurement compliance process to meet the quality and performance standards. Collaborate with quality control team to address any supplier non-compliance or quality issues.
  • Support internal and external audits by providing necessary procurement documentation and justifications

Qualifications:

  • Bachelor’s degree or higher in Business, Supply Chain Management, Engineering, Construction Management or a related field
  • Minimum of 3-5 years of experience in procurement, with a focus on services and CapEx
  • Strong negotiation, communication, and analytical skills
  • Project management skills, with experience in procurement for construction projects preferred; this experience will be considered a significant advantage
  • Ability to effectively communicate and manage complex situations with internal and external stakeholders to meet the goals
  • Proven capability to navigate a dynamic, fast-paced environment while adapting to shifting priorities and identifying opportunities

#LI-EB1

#GS

GenScript USA Inc/ProBio Inc. is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is the Company's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

GenScript USA Inc./ProBio Inc. maintains a drug-free workplace.

Top Skills

Negotiation
Procurement
Project Management
Strategic Sourcing
Vendor Management
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The Company
HQ: Piscataway, NJ
883 Employees
On-site Workplace
Year Founded: 2002

What We Do

Founded in 2002 and listed on the Hong Kong Stock Exchange in 2015, GenScript has an established global presence across Greater China, North America, the EU, and Asia Pacific. Today, over 300,000 customers from over 160 countries and regions worldwide have used GenScript’s premier, convenient, and reliable products and services. GenScript currently has over 5,000 employees globally, 33% holding master’s and/or Ph.D. degrees. In addition, GenScript has a number of leading commercial technologies developed in the fields of synthetic biology, immunotherapy, antibody design, chemical synthesis, and bioinformatics, including more than 100 patents and over 270 patent applications. As of June 2022, GenScript's products and services have been cited by 74,700 scientific papers worldwide. GenScript is committed to striving toward its vision of being the most reliable biotech company in the world to make humans and nature healthier through biotechnology.

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