Crinetics Pharmaceuticals, Inc. is hiring a Strategic Sourcing Manager to develop and execute sourcing strategies for assigned categories, including IT and other technical spend. You will play a key role in introducing sourcing best practices to the organization, delivering tangible value through cost savings, supply risk reduction, and efficiency gains in our patient-centric and team-oriented environment.
What You'll Do
- Maintain professional relationships with internal and external customers and suppliers.
- Work with cross-functional teams to reduce costs while achieving expected customer service levels.
- Select or recommend suppliers, develop and solicit bids and proposals, analyze and evaluate responses, and negotiate product and services prices and other terms.
- Monitor deliveries, work with accounting to reconcile invoice discrepancies, and approve payments.
- Research, interview, evaluate, and select prospective vendors.
- Evaluate supplier reliability and performance.
- Partner with the legal and contracts group to manage and maintain contract terms.
- Ensure quality of procured items and processes.
- Ensure compliance with company policies and procedures.
- Collaborate closely and serve as a trusted sourcing business partner while driving a disciplined strategic sourcing approach for assigned functions.
- Lead key sourcing initiatives, conduct RFPs, negotiate critical contracts, analyze market data, evaluate supply alternatives, and develop and execute on negotiation strategies.
- Measure and track performance within each spend category or region and partner with FP&A to review budgetary impact.
- Partner with IT to stay ahead of renewals and optimize true ups and total cost of ownership.
- Be informed on market cost drivers, economic outlooks, and supply and contractual risks, ensuring relevant market intelligence is communicated to appropriate personnel.
- Monitor, track, and report on savings and key performance indicators (KPIs) for targeted categories.
- Continuously assess the existing supply base to identify and pursue opportunities for consolidation and improvement.
- Serve as the subject matter expert for supplier segmentation strategies.
- Lead Quarterly Business Reviews (QBRs) with key suppliers.
What We're Looking For
- Bachelor’s degree in Business, Finance, or a related field.
- 8 years of experience in strategic sourcing, contract management, and procurement, preferably within the Life Sciences industry.
- Experience negotiating IT contracts including SaaS, PaaS, Hardware, and Managed Services.
- Experience with sourcing and procurement and building a vendor program.
- Strong negotiation skills, as well as excellent verbal and written communication.
- Ability to work effectively across multiple departments and levels of the organization, as well as with outside vendors.
- Ability to work in a fast-paced, team-oriented, and collaborative environment.
- Ability to evaluate market conditions and various suppliers.
Benefits & Compensation
- Compensation range: $113,000 - $141,000
- Discretionary annual target bonus
- Stock options
- Employee Stock Purchase Plan (ESPP)
- 401(k) match
- Top-notch health insurance plans for employees and their families, including medical, dental, vision, and basic life insurance
- 20 days of PTO
- 10 paid holidays
- Winter company shutdown
Work Mode
This is an onsite position located at our office in San Diego, California.
Crinetics is proud to be an Equal Opportunity Employer. We provide equal employment opportunities to all employees and employment applicants without regard to unlawful considerations of sex, sexual orientation, gender (including gender identity and/or expression), pregnancy, race, color, creed, national or ethnic origin, citizenship status, religion or similar philosophical beliefs, disability, marital and civil union status, age, genetic information, veteran status or any personal attribute or characteristic that is protected by applicable local, state or federal laws.
