Category Manager (Merger & Acquisition)

Interview Location : Akkodis Office in Bangalore.

Shift Timings : Evening From 4 : 00 PM to mid night 12 : 00 AM IST.

Job Description :

The primary responsibilities of the Category Manager, Mergers and Acquisitions are to drive total cost of ownership reductions for a defined portfolio of strategic spend categories. The Category Manager is a process leader and portfolio manager and may also be a people leader responsible for strategic procurement effectiveness for a particular bundle of categories.

The Category Manager has the following key objectives :

Lead procurement activities for new mergers and acquisitions for multiple areas of spend within a portfolio achieving significant initial cost reductions followed by year over year productivity improvements resulting in lower total cost of goods and services procured while maintaining or improving quality and service levels.

Work closely with key stakeholders and cross-functional organizations to develop and align effective cost reduction strategies and implementation plans.

Negotiate complex long-term agreements that protect Zimmer Biomet, and deliver on company objectives.

Expected Areas of Competence (i.e., knowledge, skills, and abilities) :

Ability to engage and influence internal business partners and team members at all levels of the organization. Ability to establish relationships quickly with a broad range of constituents. Must possess a collaborative style to work effectively throughout the organization.

Excellent written, presentation, and communication skills with the ability to articulate complex ideas clearly and persuasively to diverse audiences at various organizational levels.

Excellent interpersonal, negotiation, and conflict resolution skills.

Excellent organizational skills including attention to detail to keep accurate records and organize information effectively and efficiently.

Excellent time management skills with a proven ability to meet deadlines.

Demonstrated history of taking initiative, meeting commitments, and assisting in the creation of new tools or solutions to achieve business results.

Proven track record of effective process management and improvement.

Ability to tolerate ambiguity, handle multiple priorities, and identify creative solutions to problems.

Working knowledge of statistical tools and analysis techniques.

Strong financial acumen with a solid understanding of common financial statements.

High level of personal accountability and integrity.

Energetic and driven to successfully reach objectives.

Proficient with Microsoft Office and related software.

Proficient with and / or the ability to quickly learn Zimmer Biomet’s systems.

Knowledge of functional best practices, industry trends, legal and regulatory requirements, and emerging technologies.

Ability to negotiate complex contracts that provide a win-win solution

Supplier assessment and on-boarding for New Product Introductions

Education / Experience Requirements :

Bachelor’s Degree in related discipline required. Master’s level education is desirable.

At least four years of procurement experience required with demonstrated success in Project Management, supplier selection and integration of Finished Goods contract manufactures, and Directed sub-tier suppliers.

Previous experience with assigned commodities required.

Experience in a regulated environment is preferred.

Specialized Procurement or related certification or training strongly preferred.

Lean and / or Six Sigma certification or training preferred.

Principal Duties and Responsibilities :

Implement category and supplier strategies to achieve challenging year-over-year cost reduction results through supplier collaboration and competition.

Assist with the development and execution of strategies through the strategic procurement process for a specific portfolio of spend areas. Lead strategic procurement efforts in specific category areas.

Serve as a primary champion and process leader for the strategic procurement process for each area of spend.

Prepare reports, presentations, business communications, data summaries, and other documents of both a recurring and nonrecurring nature. Perform moderately complex analyses of data to draw inferences or conclusions to drive sound decisions.

Lead and coordinate projects including project development, communications, meetings, tracking, and reporting. Lead and execute on assigned projects with limited oversight.

Assist in selecting and managing suppliers.

Based on each category’s procurement strategy, oversee the supplier selection and negotiation process for key procurement teams.

Establish and maintain contractual and business relationships with the senior management of key suppliers.

Support in the resolution of major customer satisfaction and vendor performance issues.

Be active in the effort to achieve small and disadvantaged business procurement content objectives.

Measure and track internal performance within each spend category.

With the assistance of the procurement team members, track forecasted versus actual savings for the portfolio of categories and communicate performance against these measures and their potential budgetary impact.

Collaborate with cross-functional stakeholders to ensure savings are built into budgets and the annual operating plan.

Drive annual productivity improvements in each spend category.

Collaborate with internal and external partners to develop, champion, and ensure implementation of ideas that will optimize Zimmer Biomet’s total cost of ownership for spend categories within the portfolio.

Develop an expertise in the portfolio spend categories.

Remain current with market trends through relationships with procurement managers, suppliers, and market experts and ensure Zimmer Biomet has access to and familiarity with emerging supplier capabilities.

Drive best practices.

Identify and define procurement best practices both within and external to Zimmer Biomet and ensure that those best practices are widely adopted within the company.

Integration of procurement into core business processes.

Collaborate actively with key stakeholders such as Engineering and Marketing to ensure Procurement is actively engaged at the beginning of the process in core business initiatives and processes.

Uphold internal and external policies, regulations, and laws.

Maintain a working knowledge of applicable federal, state, and local laws and regulations as well as any internal policies or procedures to ensure that the behavior exhibited by the organization is honest, ethical, and professional.

Partner with other functions to ensure compliance with mandatory and non-mandatory training, continuing education, and work assessments.

General Success Criteria :

Procurement will be actively involved in the end-to-end process for categories and will have demonstrated a clear and meaningful impact.

The relationship between this role, Procurement senior leadership, Procurement team members, and cross-functional stakeholders will be working well with no confusion regarding roles and responsibilities.

Procurement performance internal metrics and supporting data collection processes will be in place, actively monitored, and viewed as credible and accurate.

Suppliers will be actively managed and developed using a common scorecard process.

Travel Requirements :

Must possess the ability to travel on a regular basis with overnight stays up to 20%. Occasional global travel may be required.