Ocular Therapeutix, Inc. (NASDAQ:OCUL) is a biopharmaceutical company focused on the formulation, development, and commercialization of innovative therapies for diseases and conditions of the eye using its proprietary bioresorbable hydrogel-based formulation technology, ELUTYX™. Ocular Therapeutix has built a robust product pipeline of drug delivery solutions developed to reduce the complexity and burden of the current standard of care and position itself to become a leader in the ophthalmic space.
Outside of the ophthalmic realm and behind the doors of our headquarters in Bedford, MA, we strive to build a strong culture where employees can flourish and achieve their career goals. We encourage out of the box thinking, cross-functional collaboration, and creativity.
Position Summary:
The Director of Procurement will provide strategic site leadership for the overall end-to-end procurement process life cycle at Ocular including supplier contract management, requisitions and purchase orders, strategic sourcing, delivery of materials and services. This position will be responsible for driving continuous improvement practices in a fast-paced GMP environment, including defining global process standards for procurement and monitoring procurement systems and supplier performance. Role reports into the Head of Supply Chain.
Principal Duties and Responsibilities include the following:
- Responsible for overall business development of corporate wide purchasing strategies with a focus on cost savings and supply chain resilience in alignment with company objectives.
- Procurement lead for all supplier contracts and documents needed for onboarding and supplier management, in close collaboration with the Legal team.
- Ensure that procurement activities are following industry regulations. Assess and effectively communicate business requirements, analyze best practices and proactively look for ways to simplify the procurement process for stakeholders
- Lead all procurement information technology projects. Use procurement analytics to monitor performance and identify trends
- Lead negotiations of complex Master Service Agreements to gain favorable terms on behalf of the company
- Lead procurement design, testing, and acceptance activities within new ERP software
- Communicate and gain end user acceptance of procurement systems. Lead senior level cross functional meetings to drive best practices
- Build, lead, mentor, and elevate the procurement team. Lead team through change management with minimal levels of disruption to the overall supply chain.
- Implement procurement strategies in alignment with organizational goals. Promote an environment of best practices in areas such as strategic sourcing, contract management and supplier relationship management (SRM)
- Develop effective relationships with business unit leaders including Finance to establish best practices for procure to pay activities
- Drive procurement best practices around reporting and presentations for Business Review Meetings (BRM) presented to key stakeholders
- Drive performance improvement initiatives with suppliers and develop effective KPI’s
- Lead and drive the success of cross functional raw material meetings
Qualification Requirements:
- 10+ years of procurement leadership experience in a pharmaceutical environment a must
- Bachelor’s Degree Required
- Extensive experience with supplier contracts (MSA’s, CDA’s, SOWS’s) a must
- Experience with global sourcing and outsourcing
- Prior experience with SAP S/4Hana ERP software a must
- Experience leading and mentoring direct reports in the procurement space
- Skill to communicate effectively with multiple levels of leadership both internally and externally
- Deep understanding of market trends, supply chain dynamics, and sourcing processes
- Ability to gain alignment and influence stakeholders through effective data analysis
- Ability to build solid relationships with external suppliers and partners
- Detail oriented and able to pivot and refocus based on changing priorities
- Understanding of a medical device/drug product manufacturing process
- Experience with supplier risk management strategies a must
- Ability to manage and influence internal core teams as required
- Experience with procurement category management strategies
Ocular Therapeutix is an Equal Opportunity Employer and complies with all applicable federal, state, and local laws regarding nondiscrimination. Ocular Therapeutix provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, or status as a veteran. For information on how Ocular Therapeutix collects, stores, and utilizes candidate information please see our privacy policy found at https://www.ocutx.com/privacy-policy/. For the Privacy Notice for California Job Applicants, please see CCPA Applicant Notice.
