Rea Tachdjian, C.P.M

Former Sourcing Manager, Global R&D, Janssen
Procurement Management Leader

Rea Tachdjian is a Procurement Management Leader from the Pharmaceutical industry. With a background from one of the top 3 consulting firms, she has led strategic sourcing teams at leading edge Procurement organizations such as, Janssen Research & Development LLC, GlaxoSmithKline and Bristol-Myers Squibb. Throughout her Procurement career, Rea has impacted an aggregate spend of an estimated $320M and delivered a total savings of approximately $50M. Rea received her M.B.A. in Finance from Drexel University, and B.S. degree in Marketing from the Philadelphia University. Rea is a Certified Purchasing Manager, and has a Green Belt Certification in Lean Sigma. In August 2016, she received a Spark Award from the Greater Philadelphia Chapter of the Healthcare Businesswomen’s Association. Rea is a former Board of Director member of the Institute for Supply Management - Philadelphia, Inc. Rea is from the Greater Philadelphia area.

Check out the incredible speaker line-up to see who will be joining Rea.

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Using Procurement to Drive Value in Today’s Fluctuating Pharma Industry

Sunday, November 5th, 2017

10:00 Panel: How Procurement Teams Can Be Effectively Managing R&D Spend

Clinical and non-clinical activities as they relate to R&D are by and large the biggest categories of indirect spend for biopharma. With so many investments being made in drug development, how can procurement better support innovation and drive efficiency? This session will look at how procurement can:

-Create value in an environment where speed, trust and quality are the key currencies
-Find opportunities to drive productivity across the organization to support the science
-Collaborate internally to simplify processes to cut down cycle time --Develop an innovation marketplace to simplify the search for suppliers
-Embed information on supplier and services to share knowledge globally
-Reduce cycle time in R&D, leading to significant cost reduction

14:10 Panel Interactive | Becoming a Trusted Advisor: Engaging Your Internal Stakeholders to Leverage the Skills You Are Bringing to the Table

Now that you’ve got the eyes and ears of internal business owners, how will you make the most of this opportunity? How can you work more closely to deliver the most value to the business? This panel discussion will explore:

-Marketing your procurement organization as a peer function who can bring solutions to the table, not just a support function looking to disrupt things

-Making sure they understand that while you are looking to save costs, you are also hoping to help mitigate risk and ensure all aspects of the business run more efficiently- thus improving quality and speed to market for their products

-Building credibility with internal stakeholders so they trust to bring you into business/resourcing decisions right at the beginning of the discussion

-Ensuring there is ongoing communication and transparency with stakeholders through business review meetings where you can be better understanding their goals and get visibility into their budgets

After 40 minutes of panel discussion onstage, we will be taking the panel to the audience and will ask small groups in the audience to discuss the panel topics- giving you a chance to be a bit more interactive!