Procurement Specialist

Posted 8 Days Ago
Be an Early Applicant
Hyderabad, Telangana
Entry level
Pharmaceutical
The Role
The Procurement Specialist at Parexel is responsible for developing relationships with internal customers and suppliers, analyzing customer requirements, and providing professional advice. They will manage the RFI/RFQ/RFP process, ensure proper order placement, and support budget planning and procurement activities while negotiating with suppliers for competitive pricing.
Summary Generated by Built In

When our values align, there's no limit to what we can achieve.
 
At Parexel, we all share the same goal - to improve the world's health. From clinical trials to regulatory, consulting, and market access, every clinical development solution we provide is underpinned by something special - a deep conviction in what we do.

Each of us, no matter what we do at Parexel, contributes to the development of a therapy that ultimately will benefit a patient. We take our work personally, we do it with empathy and we're committed to making a difference.

The Procurement Specialist CoE Transactioning is expected to develop local/regional relationships with internal customers and suppliers. They must analyze and understand customer requirements in order to provide professional advice and ongoing support to meet their business requirements, especially related to the proper development, completion and as required, initiation and management of a simple and moderately complex RFI/RFQ/ RFP. The Procurement Specialist CoE Transactioning understand and can provide general specialized procurement knowledge, commodity analysis and maintains ongoing commercial relationships between Parexel and its suppliers. The Procurement Specialist CoE Transactioning will also play a role in supplier management, working closely with local/regional suppliers to develop business relationships that help facilitate a more streamlined approach to sourcing while ensuring through negotiation that price competitiveness and high levels of service are maintained.
 

Key Accountabilities:
 

Accountability

Supporting Activities

Business Support

Maintains close working relationships and provides professional advice and assistance to internal customers by but not limited to:

  • Verifying simple to moderately complex purchase requests accuracy, completion, and approvals
  • Ensuring accuracy of order placement, method of shipment, and payment terms.
  • Addressing inquiries and resolving transactional supplier issues.
  • Providing requested services for market information and data.

May assists internal customers with budget planning and development of a detailed analysis of their requirements.

Provides procurement and business management, with statistical, general and financial information as well as regular status reports and metrics on procurement related activities.

Supplier Management

Administratively manages and files into relevant supplier databases and other tools that support supplier evaluation criteria and supplier selection.

Assists with the set up, data input and maintenance of on-line catalogs.

Supplier Sourcing Management

Reviews the supplier qualification information provided and recommends supplier status.

Develops existing local/regional supplier relationships and reviews alternate sources, ensuring continuity of supply, consistency of quality, and competitive pricing.

RFx Management


Develops, completes and as required, initiates and manages formal RFI/RFQ/ RFP process with simple to moderately complexity.

Negotiates pricing with key local and regional suppliers to ensure optimum price competitiveness.

Maintain a positive, results orientated work environment, building partnerships and modeling teamwork, communicating to the team in an open, balanced and objective manner.

Skills:

  • Sound knowledge of procurement principles, theories, concepts and processes.
  • Ability to develop solutions to routine procurement problems.
  • Strong analytical, problem solving, reporting, and presentation skills.
  • Excellent verbal and written communication skills.
  • Good negotiation skills.
  • Ability to work effectively in cross-functional business teams.
  • Demonstrated strengths in supplier relationship building and conflict management.
  • Demonstrated ability to meet goals and deadlines.
  • Good process and understanding of project management skills.

Knowledge and Experience:

  • Supplier Sourcing, negotiation and procurement experience with a large spend company, typically gained over 2- 4 years.
  • Exposure to global operations and/or professional services or life sciences is desirable.
  • Strong English language (written and verbal) skills.
  • Ability to speak, write, and read a second language preferred.

Education:

  • High School Diploma/A Levels/HND or equivalent experience.
  • Bachelors Degree or equivalent experience desirable.
  • Accredited Purchasing Practitioner (APP) or appropriate Chartered Institute of Purchasing

& Supply (CIPS) certification or equivalent qualification desirable.

The Company
HQ: Durham, North Carolina
20,524 Employees
On-site Workplace

What We Do

Parexel is among the world’s largest clinical research organizations (CROs), providing the full range of Phase I to IV clinical development services to help life-saving treatments reach patients faster. Leveraging the breadth of our clinical, regulatory and therapeutic expertise, our team of more than 21,000 global professionals collaborates with biopharmaceutical leaders, emerging innovators and sites to design and deliver clinical trials with patients in mind, increasing access and participation to make clinical research a care option for anyone, anywhere. Our depth of industry knowledge and strong track record gained over the past 40 years is moving the industry forward and advancing clinical research in healthcare’s most complex areas, while our innovation ecosystem offers the best solutions to make every phase of the clinical trial process more efficient. With the people, insight and focus on operational excellence, we work With HeartTM every day to treat patients with dignity and continuously learn from their experiences, so every trial makes a difference. For more information, visit parexel.com.

Community Guidelines
Because Parexel’s social media channels are open to the general public and employees, we are not responsible for views expressed other than our own. However, we do not tolerate posts that are:

• Abusive, harassing or threatening to others.
• Defamatory, offensive, obscene, vulgar or depicting violence.
• Hateful targeting by race/ethnicity, age, color, creed, religion, gender,
sexual preference or orientation, nationality or political beliefs.
• Sexually explicit or pornographic.
• Fraudulent, deceptive, libelous, misleading or unlawful.
• Referencing criminal or illegal activity.
• Spamming.

We reserve the right to remove any comments that do not adhere to our guidelines as well as report users who violate the rules of our page.

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