Merck is a global health care leader with a diversified portfolio of prescription medicines, vaccines and animal health products. They are seeking a Marketing Co-op in the Global Supplier Management Group, where the intern will support procurement functions, conduct market analyses, and manage supplier relationships while gaining valuable experience in strategic sourcing initiatives.
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 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 or modifying procedure to ensure customer satisfaction.
Enforce compliance with all Global Procurement policies and procedures by using a data driven business case approach.
Supplier and Supply Market Analysis – To conduct rigorous market intelligence and detailed supplier and supply market analyses, to provide deep and meaningful insight to Sourcing teams.
Cost Modeling / Cost reduction – To construct detailed cost models/purchase price analysis of goods and services that are supplied to our company.
Supplier Performance Management – supplier performance monitoring, root cause investigation, issue management, risk assessment and mitigation.
Strategic Analysis – To conduct project analysis which transforms the information gathered from 1) and 2) above into insightful, well-structured breakthrough options and opportunities. Examples include Portfolio Analysis, Supplier Referencing, and Day One Sourcing.
Financial Analysis & Reporting – To prepare analysis and reporting of category spend, savings, compliance, and other metrics data on a monthly basis. To support the annual budget / profit planning process for the category at the global level. To maintain financial reporting and management systems (including SAP) with up-to-date data on an ongoing basis.
Negotiation Planning – To create detailed pre-negotiation plans, to lead and participate any prolonged negotiation sessions with suppliers and to conduct post negotiation debriefs and follow through plans.
Sourcing – To create and execute RFIs, RFPs, and e-Auctions, together with subsequent structured information analysis wherever possible using electronic procurement processes.
Risk Assessment and Mitigation – To conduct effective risk assessment (including Financial Solvency Analysis, compliance with FCPA, Business Partner Code of Conduct, etc.) and establish appropriate risk mitigation plans within the supply-base pursuant to our Manufacturing Division's risk management framework.
Category Team Membership – To be an active member of one or more category teams using the techniques and content created in above as input in the creation of breakthrough strategies delivering cost reduction targets. Sharing of Learnings – The incumbent will be expected to generate work of world-class quality and to share and transfer this to colleagues throughout GSMG.
Qualification
Required
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).
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.
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.
Experience with SharePoint and Enterprise Social Media (specifically Teams, Yammer), and familiarity with principles of business communication, marketing and/or journalism.
Proficient in Microsoft office suite (Excel, PowerPoint, Word).
Demonstrated excellent academic achievement.
Preferred
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.
Benefits
Merck is a biopharmaceutical company that offers medicines and vaccines for various diseases.
