VP, Direct Materials Procurement

POSITION REQUIREMENTS

Strategic Leadership:

• Lead an organization of ~45 direct team members that manage over $1.5B in annual spend.
• Deliver year over year cost saving/PPV of an estimated 5% to achieve world class results.
• Transform the organization in alignment with the broader Global Procurement strategy, driving a digital first mindset, strategic capabilities, simplified processes and improved service and outcomes to Teva.
• Serve as an executive sponsor for critical supplier partnerships in collaboration with other Teva Senior executives.
• Lead team responsible for New Product Launch in collaboration with Supply Chain, R&D and Manufacturing.
• Business Partner with Manufacturing, Quality, Supply Chain and R&D leaders to manage security of supply and supplier performance.
• Develop multiyear category strategies to deliver cost competitiveness, innovation, risk mitigation and sustainability.
• Lead New Product Introduction Sourcing team to ensure “Right first time” sourcing selection for new product launches to ensure second sourcing, risk identification, and competitive costing.
• Align procurement goals for direct materials and new products with corporate objectives including sustainability, innovation, and compliance.
• Expert negotiation skillsets to manage complex relationships and outcomes with a supply base of over 500 suppliers.

AI-Driven Procurement Optimization:

• Champion the integration and use of AI tools for spend analysis, demand forecasting, supplier risk modeling, and contract intelligence across the direct materials procurement team.

Supplier Relationship Management:

• Build and maintain strategic partnerships with key suppliers to ensure quality, reliability, and innovation.
• Lead supplier segmentation and performance management using AI-enabled dashboards and KPIs.

Risk Management & Compliance:

• Monitor and implement proactive risk mitigation strategies as appropriate for each category.
• Ensure compliance with global regulatory standards (FDA, EMA, ICH, etc.).

Team Development & Cross-Functional Collaboration:

• Build and lead a high-performing global procurement team.
• Champion appropriate capability building, learning experiences and training for the team
• Partner with Manufacturing, Quality, R&D, and Finance to ensure alignment and transparency in prioritization, planning and reporting.