ED Product Development, Analytical Services & Direct Material
Bristol Myers Squibb
Summary
Bristol Myers Squibb (BMS) is seeking an exceptional leader for the position of Executive Director, Product Development, Analytical Services & Direct Material, within PDS Procurement. The role brings Product Development, Analytical Services and Direct Materials Procurement together under a single leader, spanning market-facing spend of approximately $1B across the end-to-end product lifecycle, from early development through commercial manufacturing.
Job description
As the Executive Director, you will lead the integration of Direct Materials Procurement into the existing Product Development & Analytical Services organization, harmonizing category strategies, governance, and ways of working across Product Development, Analytical Services, and Direct Materials. You will ensure delivery of category value targets, as agreed with finance and business stakeholders and endorsed by the PDS Procurement Leadership Team (SLT), and will be expected to be a credible leader and value-adding business partner to senior stakeholders at the VP and Senior VP levels.
Responsibilities
- Lead the integration of Direct Materials Procurement into the existing, combined Product Development & Analytical Services organization, extending established governance and reporting standards to the newly added category.
- Establish common governance, category management routines, and reporting standards across the three combined sub-functions.
- Identify and capture synergies across the combined team, including shared supplier relationships, tools, and processes where appropriate.
- Lead change management activities to build a single, cohesive team culture and minimize disruption to business partners as Direct Materials joins the team.
- Develop and implement a cohesive, long-term (3-5 year) category strategy for each sub-category, consolidating supplier, market, category, and internal business data.
- Lead the aggregation of category data to inform target setting, identifying initiatives and opportunities for savings, productivity, risk management, and innovation.
- Create and oversee the Annual Category Plan for the combined portfolio, ensuring alignment with business planning activities and category pipeline to meet or exceed annual targets.
- Develop and maintain a category management handbook to provide clear, practical guidance for procurement and functional colleagues.
- Lead and coach cross-functional global teams through category management stages, ensuring resources, information, and tools are in place for project execution.
- Ensure accurate reporting of procurement balanced scorecard measures and value contributions for each category.
- Implement programs to deliver spend accuracy in line with agreed goals.
- Conduct regular risk and CSR reviews within the combined category scope.
- Perform supplier segmentation across Product Development, Analytical Services, and Direct Materials to identify key relationships and conduct regular business reviews to ensure delivery to expectations and target value.
- Establish value creation targets with key suppliers in partnership with business stakeholders.
- Ensure contractual arrangements incorporate compliance and performance against KPIs.
- Assess and mitigate risks associated with supplier relationships and supply chain disruptions, including single-source and quality-critical materials.
- Drive cost reduction and optimization initiatives and identify savings opportunities across development, analytical, and direct materials categories.
- Develop and monitor budgets, ensuring alignment with financial goals and objectives.
- Negotiate contracts and agreements to secure favorable terms and conditions based on fair market values.
- Work closely with R&D, Quality, Manufacturing, and Supply Chain stakeholders to understand needs and requirements across all three sub-categories.
- Collaborate with global procurement teams to ensure alignment and consistency in sourcing strategies.
- Facilitate communication and coordination between internal stakeholders and suppliers.
- Develop strong working relationships with key business stakeholders and administrative functions (Finance, HR, Legal, Privacy, Compliance).
- Ensure adherence to company policies, procedures, and regulatory requirements, including GMP where applicable.
- Develop and maintain procurement governance frameworks to support decision-making and accountability across the combined team.
- Monitor and report on compliance with contractual obligations and performance metrics.
- Lead and mentor a team of procurement professionals across Product Development, Analytical Services, and Direct Materials, fostering a culture of continuous improvement and excellence.
- Provide guidance and support to team members, helping them achieve professional goals through individual development plans.
- Promote a collaborative and inclusive work environment.
- Establish clear roles and responsibilities for the extended category team and communicate them effectively.
- Conduct performance management for direct reports and provide feedback for project-related resources.
- Develop a succession plan to support career development and ensure a talent pipeline.
- Identify and implement innovative procurement practices and technologies to enhance efficiency and effectiveness.
- Drive continuous improvement initiatives to optimize procurement processes and performance across the combined team.
- Stay informed of industry advancements and emerging trends to maintain a competitive edge.
- Build and maintain strong relationships with key stakeholders, both internal and external.
- Communicate procurement strategies, initiatives, and performance to senior leadership and other stakeholders.
- Act as a trusted advisor to the business, providing insights and recommendations on procurement-related matters.
Qualifications
- Education: B.S./B.A. required; M.S./M.B.A. preferred.
- Experience: Minimum 15 years of international business experience, with 10-12 years in multi-disciplined procurement, ideally spanning two or more of: Product Development, Analytical Services/Quality, or Direct Materials (sourcing or otherwise).
- Extensive knowledge of category management and advanced strategic sourcing methodologies.
- Demonstrated success leading global cross-functional project teams to generate material value across multiple, distinct complex categories.
- Documented experience leading cost reduction and value improvement programs.
- Proven experience leading large-scale organizational change and/or team integration efforts.
- Management experience, including prior experience in the biopharmaceutical, pharmaceutical, and/or medical device industry.
- Demonstrated successful leadership track record, including managing teams of senior professionals and managers, and establishing performance expectations.
- Experience in GMP procurement required.
- Travel Requirements: High flexibility and willingness to travel (air, ground; both domestic and international) for various meetings at BMS and supplier sites.
- Onsite Requirements: 50% over a 2-week span on-site attendance requirement.
Requirements
- B.S./B.A. required
- M.S./M.B.A. preferred
- Minimum 15 years of international business experience
- 10-12 years in multi-disciplined procurement
- Experience spanning two or more of: Product Development, Analytical Services/Quality, or Direct Materials
- Extensive knowledge of category management and advanced strategic sourcing methodologies
- Demonstrated success leading global cross-functional project teams
- Documented experience leading cost reduction and value improvement programs
- Proven experience leading large-scale organizational change and/or team integration efforts
- Management experience in biopharmaceutical, pharmaceutical, and/or medical device industry
- Demonstrated successful leadership track record managing teams of senior professionals and managers
- Experience in GMP procurement required
- High flexibility and willingness to travel (domestic and international)
- Onsite attendance requirement: 50% over a 2-week span
Benefits
- Wellbeing Support
- Retirement Benefits
- Financial Protection
- Medical, Dental & Vision
- Life & Disability Insurance
- Flexible Time Off (FTO)
- 11 Paid Company Holidays
- Paid Sick Leave
- Paid Volunteer Days
- Summer Hours Flexibility
- Annual Global Shutdown
Company overview
Bristol Myers Squibb is a global biopharmaceutical company dedicated to discovering, developing, and delivering innovative medicines that help patients prevail over serious diseases. Founded in 1887 and headquartered in Princeton, New Jersey, the company operates with a unique BioPharma strategy that combines the reach and resources of a major pharmaceutical company with the entrepreneurial spirit and agility of a biotech firm. BMS focuses on transformative therapies in key therapeutic areas including oncology, hematology, immunology, cardiovascular disease, and fibrosis. The company has built a sustainable pipeline of potential therapies and leverages translational medicine and data analytics to deliver the right medicine to the right patient at the right time. With over 10,000 employees worldwide, Bristol Myers Squibb maintains a strong commitment to scientific excellence, patient-centric innovation, and global health equity through its foundation. The company's portfolio includes groundbreaking treatments such as Opdivo (nivolumab) for cancer, Eliquis (apixaban) for cardiovascular conditions, and Orencia (abatacept) for autoimmune diseases, among others.