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Teva Pharmaceutical
Senior Manager, Strategic Sourcing Strategic / Biologics
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What they do
A Procurement or Sourcing Manager manages the procurement of supplies for a company or organization. Develops policies and schedules for regular procurements. Trains and supervises staff, develops relationships with suppliers, researches and inspects supplies, and negotiates supply and shipping prices.
$138,967 / year median in New Jersey
+4% projected growth
Job Description
## We Are Teva We're Teva, a leading innovative biopharmaceutical company, enabled by a world-class generics business. Whether it's innovating in the fields of neuroscience and immunology or delivering high-quality medicine worldwide, we're dedicated to addressing patients' needs now and in the future. Here, you will be part of a high-performing, inclusive culture that values fresh thinking and collaboration. You'll have the room to grow, the flexibility to balance life with work, and the opportunity to better health worldwide, together. ## Our Team, Your Impact The Senior Manager - Strategic Sourcing 'Strategic / Biologics' is responsible for leading strategic sourcing and contracting activities across assigned External Manufacturing (EXM) portfolio areas. This role plays a key part in executing sourcing strategies, RFx events, supplier negotiations, and contracts while driving value through disciplined sourcing practices. Reporting to the Senior Director - Strategic Sourcing Lead, this role operates as a hands-on sourcing leader, translating category strategies and business requirements into sourcing plans, negotiations, and supplier agreements. The Senior Manager is accountable for driving sourcing execution excellence and building strong working relationships with stakeholders and suppliers.
KEY RESPONSIBILITIES
- Lead end-to-end strategic sourcing events for assigned EXM categories, suppliers, or initiatives aligned to sourcing priorities.
- Plan and execute RFx events, negotiations, and supplier selections.
- Ensure sourcing activities address cost, capacity, quality, service, and risk considerations.
- Lead commercial negotiations with suppliers, including pricing, capacity, and key commercial terms.
- Partner with Legal and cross-functional teams to support contract development and execution.
- Support contract implementation by ensuring clarity of sourcing intent and negotiated outcomes.
- Deliver measurable sourcing value through cost optimization and contract execution.
- Support achievement of annual savings and value targets.
- Track sourcing outcomes and benefits using standard tools and templates.
- Engage suppliers through structured sourcing processes and commercial discussions.
- Maintain awareness of supplier capabilities, capacity constraints, and market dynamics.
- Provide market and supplier insights to support planning and execution.
- Ensure sourcing activities comply with procurement policies, quality standards, and regulatory requirements.
- Partner with Quality, Regulatory, and Manufacturing teams to ensure sourcing decisions are feasible and compliant.
- Partner with Category Managers, External Manufacturing, Quality, and Manufacturing stakeholders to execute sourcing initiatives.
- Communicate sourcing plans and outcomes clearly and consistently.
- Apply standard sourcing tools, templates, and processes consistently.
- Identify opportunities to improve sourcing efficiency and execution discipline.
- Contribute to sourcing playbooks, standard work, and procurement tool adoption. ## Your Skills and Experience Any equivalent combination of education, training and/or experience that fulfills the requirements of the position will be considered. Education/Certification/Experience
- Associates degree required
- Bachelors or Masters degree preferred
- A minimum of 7 years of experience leading end to end strategic sourcing and contracting activities, preferable within external manufacturing or regulated industries. Skills/Knowledge/Abilities
- Strong working knowledge of sourcing and negotiation practices
- Experience delivering savings and sourcing value initiatives
- Familiarity with pharmaceutical, biotech, or regulated manufacturing environments preferred
- Solid stakeholder communication and collaboration skills
- Analytical and problem solving capabilities
- Stong execution and delivery mindset with attention to detail
- Effective negotiation and commercial acumen
- Ability to operate effectively in evolving procurement environments ## Salary Range The annual starting salary for this position is between $111,680 - $139,600 annually.
Comprehensive Health Insurance:
Medical, Dental, Vision, and Prescription coverage starting on the first day of employment, providing the employee enrolls.Retirement Savings:
401(k) with employer match, up to 6% and an annual 3.75% Defined Contribution to the 401k plan.Time Off:
Paid Time Off including vacation, sick/safe time, caretaker time and holidays.Life and Disability Protection:
Company paid Life and Disability insurance.- Additional benefits include, but are not limited to, Employee Assistance Program, Employee Stock Purchase Plan, Tuition Assistance, Flexible Spending Accounts, Health Savings Account, Life Style Spending Account, Volunteer Time Off, Paid Parental Leave, if eligible , Family Building Benefits, Virtual Physical Therapy, Accident, Critical Illness and Hospital Indemnity Insurances, Identity Theft Protection, Legal Plan, Voluntary Life Insurance and Long Term Disability and more.