- Learn and develop expertise in the service categories that support clinical research by managing vendor relationships and contracts
- Support the advancement of Vendor Management including building new and optimized processes for vendor identification, vendor selection (sourcing), contract execution, performance management, and termination
- Conduct review of third-party quotations, contracts, and amendments building expertise in RFP analysis and negotiations
- Develop and apply a strategic understanding of vendor policies and procedures including sourcing and purchase contracts
- Provide support to Vendor Managers in commercial negotiations for pricing and terms
- Utilize governance, risk, and compliance software to manage vendor contract execution and performance management
- Support new vendor due diligence partnering across the business to ensure risk assessment, audit, and vendor compliance processes are followed
- Monitor third-party vendor performance leveraging company processes for evaluation and escalation
- Bachelor's degree in Finance, Business, Supply Chain or Management along with 1-3+ years of experience in negotiations and vendor management
- 1+ years of information security experience is preferred
- Experience with all aspects of vendor oversight including but not limited to vendor selection, contract development, SLAs, performance management, continuous process improvement, writing policies and procedures.
- Knowledge of procurement and vendor management processes, including RFPs and contracts.
- Experience building relationships and working with cross functional business teams.
- Knowledge of US and international regulatory standards and guidelines is preferred.
- Ability to learn and apply knowledge of GxP regulations and guidelines
- Must be able to perform multiple talks simultaneously in a dynamic environment to meet deadlines.
- Experience with MS Office applications and DocuSign
- Must have strong leadership, project management, communication, organizational and interpersonal skills along with the ability to work in a fast-paced, cross-functional team environment.
- Must be able to communicate and direct vendor activities; ability to define/execute a project using project management techniques.
- Must have excellent team-building skills and demonstrated collaboration, negotiation and conflict resolution skills.
- Must have experience in problem-solving techniques, be a team player and have the ability to learn new software/tools.
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Vendor Management Specialist - Durham, United States - Fortrea
Description
As a leading global contract research organization (CRO) with a passion for scientific rigor and decades of clinical development experience, Fortrea provides pharmaceutical, biotechnology, and medical device customers a wide range of clinical development, patient access and technology solutions across more than 20 therapeutic areas. With over 19,000 staff conducting operations in more than 90 countries, Fortrea is transforming drug and device development for partners and patients across the globe.
Vendor Management Specialist
Patient Access
Home-Based USA
Our Patient Access team is a scaled leader in the HUB services and patient access market, serving the biopharmaceutical industry with comprehensive patient support, product access, affordability and adherence solutions for more than 30 years. Further advanced by its recently expanded non-commercial specialty pharmacy, FortreaRxTM, to support enhanced distribution of cold-chain and ambient free goods products, we are committed to driving patient outcomes and improving healthcare accessibility through its extensive experience while currently supporting more than 2.5 million patients and over 100 unique brands across more than 25 disease indications.
Reporting to the Associate Director, Contracts and Vendor Management the Vendor Management Specialist is responsible for partnering across all functions to build direct relationships with key vendors, negotiate contracts, terms & conditions, and work with our vendors to build comprehensive selection and price strategies. The Vendor Management Specialist will work with a variety of vendors and must have the necessary leadership presence and communication skills.
Responsibilities:
Application Deadline: June 1, 2024
Benefits: All job offers will be based on a candidate's skills and prior relevant experience, applicable degrees/certifications, as well as internal equity and market data. Regular, full-time or part-time employees working 20 or more hours per week are eligible for comprehensive benefits including: Medical, Dental, Vision, Life, STD/LTD, 401(K), Paid time off (PTO) or Flexible time off (FTO), Company bonus where applicable. For more detailed information, please click here.
Fortrea is actively seeking motivated problem-solvers and creative thinkers who share our passion for overcoming barriers in clinical trials. Our unwavering commitment is to revolutionize the development process, ensuring the swift delivery of life-changing ideas and therapies to patients in need. Join our exceptional team and embrace a collaborative workspace where personal growth is nurtured, enabling you to make a meaningful global impact. For more information about Fortrea, visit
Fortrea is proud to be an Equal Opportunity Employer:
As an EOE/AA employer, Fortrea strives for diversity and inclusion in the workforce and does not tolerate harassment or discrimination of any kind. We make employment decisions based on the needs of our business and the qualifications of the individual and do not discriminate based upon race, religion, color, national origin, gender (including pregnancy or other medical conditions/needs), family or parental status, marital, civil union or domestic partnership status, sexual orientation, gender identity, gender expression, personal appearance, age, veteran status, disability, genetic information, or any other legally protected characteristic. We encourage all to apply.
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