Healthcare Sourcing Executive

Vizient•Irving, TX

About The Position

In this role, you will be a strategic sourcing resource, dedicated to delivering best in class contracting strategies and expertise that result in supply chain cost reductions. You will accomplish this by contributing in all aspects of supply chain strategic sourcing processes including opportunity identification, strategy building, contract development, negotiations, documentation, and implementation. You will develop a customer-specific contract strategy to reduce spending, improve operational efficiencies, maximize delivered value, and ultimately achieve a higher level of member satisfaction by becoming a trusted advisor.

Requirements

Relevant degree, either in business or health care related field preferred; advanced degree is a plus.
2 or more years' experience in marketing, sales, or contract management required.
Strong negotiations and contract management skills.
Ability to understand and conduct financial analysis and quantitative/qualitative assessment of data.
Ability to work in a team environment that requires quick turnaround and quality output.
Knowledge of MS office products.
Willingness to travel .

Nice To Haves

Negotiation and Sourcing experience in non-medical and medical products and services is preferred.
Sourcing technology products is preferred.
Paralegal or legal experience preferred.
Experience in strategic sourcing, supply chain, purchasing, materials management, or legal field.
Experience in analytics, negotiations, emotional intelligence, and category management.

Responsibilities

Thorough understanding of core sourcing processes including market research.
Development of contracting strategy and requirements, administration of bid processes (RFIs, RFPs, RFQs, Auctions), customer/committee interaction, and ongoing contract management.
Improve existing agreements by interpreting financial analysis and market trends to formulate contract strategy recommendations.
Recommend strategy improvements utilizing financial analysis and market data.
Thorough understanding of contracts, including the ability to comprehend complex business and legal contract terms and conditions and the ability to draft amendments and contract language.
Identify contractual risks and propose alternate language toward a solution.
Formulate a clear vision and articulate steps to achieve the negotiation objectives for the assigned category.
Communicate successes, opportunities for improvements, and challenges to leadership and key hospital stakeholders.
Ensure implementation of contract pricing by conducting supply chain activities necessary to achieve cost savings.
Develop project plans to meet savings goals.
Conduct ongoing price monitoring and contract maintenance to ensure relevant pricing.
Maintain strong business relationships with manufacturers across all product lines.
Develop strong relationships with member key stakeholders.