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Sourcing Specialist - Global Development Procurement

Regeneron Pharmaceuticals, Inc.
Basking Ridge, New Jersey
Start date
May 24, 2024

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Job Details

We are looking for a Sourcing Specialist for Global Development who will support the planning and execution of strategic sourcing initiatives. This person will develop sourcing specifications, requirements and related scope of work, conducting data gathering, support spend analytics, assist in delivering measurable cost savings, and monitor savings against contract. This role will support evaluations through the development of RFQs, RFIs and RFPs. The Sourcing Specialist actively participates in supplier selection and provides data and recommendations to ensure informed selection decisions. Supporting the supplier information management process while supporting the sourcing/category manager on the creation and negotiation of contracts. The Specialist will support all vendor sourcing activities which includes preparing QBR data and measuring supplier performance.

A typical day might include:

  • Support sourcing and category managers to perform supply market analyses and use sourcing tools to identify suppliers with capabilities which meet Regenerons business needs.
  • Supports the RFx process, supports contract negotiations, and ensures contract deliverables are realized, e.g., SLAs, Savings, etc.
  • Monitors and ensures compliance with pricing agreements, internal policies, and procedures
  • Works within iCertis to draft, collect requirements, and manage workflow for Scopes of Work (SOW) covering commercial terms
  • Tracks the expiry of the contract's term and alerts sourcing manager and stakeholder(s) for existing contracts
  • Supports the category sourcing team on Supplier Relationship Management (SRM) initiatives which normally includes, but is not limited to, coordinating supplier governance meetings, creating/distributing scorecards, working with partners to review performance metrics, reporting SRM meeting action items, and tracking resolutions
  • Provides support to partners as a liaison between Regeneron and the supplier to assist with external audits, Supplier Corrective Action Requests (SCARS), Inspections, etc.
  • Reviews and approves POs in the Oracle workflow for category spend under management and within authorized approval limits. Adds completed iCertis numbers to PO as applicable before issuance to Supplier

This role might be for you if you have:

  • Bachelors degree plus 5+ or more years of relevant, progressive experience within procurement, to include up to 2 years or more experience directly in sourcing role or supporting sourcing activities OR Master's plus 3+ years or more of relevant, progressive experience within procurement, to include up to 1 year experience directly in a sourcing role.
  • Work experience within a biopharmaceutical company preferred, but not required.
  • Working knowledge of sourcing and procurement, planning, supplier interface and negotiations, systems applications such as Zycus, Oracle, iCertis (Contracts Management), spend analytic software, MS PowerPoint, Word, and Excel

Does this sound like you? Apply now to take your first step towards living the Regeneron Way! We have an inclusive and diverse culture that provides comprehensive benefits, which often include (depending on location) health and wellness programs, fitness centers, equity awards, annual bonuses, and paid time off for eligible employees at all levels!

Regeneron is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion or belief (or lack thereof), sex, nationality, national or ethnic origin, civil status, age, citizenship status, membership of the Traveler community, sexual orientation, disability, genetic information, familial status, marital or registered civil partnership status, pregnancy or parental status, gender identity, gender reassignment, military or veteran status, or any other protected characteristic in accordance with applicable laws and regulations. The Company will also provide reasonable accommodation to the known disabilities or chronic illnesses of an otherwise qualified applicant for employment, unless the accommodation would impose undue hardship on the operation of the Company's business.

For roles in which the hired candidate will be working in the U.S., the salary ranges provided are shown in accordance with U.S. law and apply to U.S.-based positions. For roles which will be based in Japan and/or Canada, the salary ranges are shown in accordance with the applicable local law and currency. If you are outside the U.S, Japan or Canada, please speak with your recruiter about salaries and benefits in your location.

Please note that certain background checks will form part of the recruitment process. Background checks will be conducted in accordance with the law of the country where the position is based, including the type of background checks conducted. The purpose of carrying out such checks is for Regeneron to verify certain information regarding a candidate prior to the commencement of employment such as identity, right to work, educational qualifications etc.

Salary Range (annually)

$81,000.00 - $132,200.00


Regeneron is a leading biotechnology company that invents life-transforming medicines for people with serious diseases. Founded and led for 30 years by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to seven FDA-approved treatments and numerous product candidates in development, all of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye disease, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, infectious diseases, pain and rare diseases.
Regeneron is accelerating and improving the traditional drug development process through our proprietary VelociSuite® technologies, such as VelocImmune® which produces optimized fully-human antibodies, and ambitious research initiatives such as the Regeneron Genetics Center, which is conducting one of the largest genetics sequencing efforts in the world.

Stock Symbol: REGN

Stock Exchange: NASDAQ

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Company info
Corporate Headquarters
777 Old Saw Mill River Road
New York
United States

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