This job has closed.

Merck · 1 day ago

2026 Future Talent Program - Global Supplier Management Group Direct Material Procurement - Co-op

Rahway, NJ

Full-time

Hybrid

New Grad

$40K/yr - $106K/yr

Merck is a leading global healthcare company committed to improving health and well-being. The Future Talent Program offers a Cooperative education opportunity in Global Supplier Management, where the successful candidate will support strategic procurement projects, conduct market analysis, and assist in supplier management and compliance.

BiotechnologyHealth CareMedicalPharmaceutical

Comp. & Benefits

No H1B

Responsibilities

Support strategic and operating objectives for the procurement function including product sourcing, supply risk management, supplier performance improvement, cost reduction, supplier diversity development, working capital improvement, and supplier relationship management

Work with cross functional teams including Legal, Finance, Procure-to-Pay, internal stakeholders, and external suppliers

Conduct detailed market analyses looking at facts and data with the objective of providing deep and meaningful insights

Implement procurement strategies and execute tactical procurement processes. Serve as a resource regarding processes, procedures and systems for procurement function

Support selection of suppliers to ensure appropriate savings and service levels. Ensure that all legal contract requirements are met. Manage relationships with selected external contacts to ensure optimal team performance

Enforce compliance with all Global Procurement policies and procedures by using a data driven business case approach

Supplier and Supply Market Analysis – To conduct rigorous market intelligence and detailed supplier and supply market analyses, to provide deep and meaningful insight to sourcing teams

Cost Modeling / Cost reduction – To construct detailed cost models/purchase price analysis of goods and services that are supplied to Our Company. At times, this will require supplier visits to create a complete understanding of the cost structure of suppliers and develop cost reduction opportunities

Strategic Analysis – To conduct project analysis which transforms information into insightful, well-structured breakthrough options and opportunities. Examples include Portfolio Analysis, Supplier Preferencing, and Day One Sourcing

Financial Analysis & Reporting – To prepare analysis and reporting of category spend, savings, compliance, and other metrics. To support the annual budget / profit planning process for the category at the global level. To maintain financial reporting and management systems (including SAP) with up-to-date data on an ongoing basis

Negotiation Planning – To create detailed pre-negotiation plans, to support and participate in prolonged negotiation sessions with suppliers and to conduct post negotiation debriefs and follow through plans

Sourcing – To create and execute RFIs, RFPs, and e-Auctions, together with subsequent structured information analysis wherever possible using electronic procurement processes

Risk Assessment and Mitigation – To conduct effective risk assessment (including Financial Solvency Analysis, compliance with FCPA, Business Partner Code of Conduct, etc.) and establish appropriate risk mitigation plans within the supply-base pursuant to Our Company's Manufacturing Division's risk management framework

Category Team Membership – To be an active member of one or more category teams using the techniques and content created in above as input in the creation of breakthrough strategies delivering cost reduction targets

Sharing of Learnings – The candidate will be expected to generate high quality work and to share and transfer this to colleagues throughout GSMG

Qualification

Data analysisSupplier managementFinancial analysisProject managementMicrosoft Office SuiteCost modelingRisk assessmentQuick learnerCultural sensitivityInterpersonal skillsCommunication skillsAdaptability

Required

Currently in sophomore or junior level curriculum, pursuing a Bachelor's degree in business (such as Finance or Management), Supply Chain Management, Manufacturing, Market Research, Communications or a Science-related discipline (Engineering, Statistics, Biology, Chemistry, Biochemistry or Bioengineering). Or currently enrolled in an MBA program

Superior interpersonal skills with the demonstrated ability to work successfully on cross functional teams

Possess excellent verbal and written communication skills including ability to make clear and concise presentations

Strong data collection, analysis and reporting skills

Excellent project management skills

Ability to work independently with a high degree of flexibility and adaptability to deal with ambiguous and dynamic situations

Quick learner and motivated to cultivate technical, business and commercial skills by applying their knowledge within Our Company's environment

Proficient in Microsoft office suite (Excel, PowerPoint, Word)

Demonstrated excellent academic achievement