IT Strategic Sourcing Category Manager

CVS Health•Woonsocket, RI

1d•$82,940 - $182,549•Hybrid

About The Position

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time. Located in Woonsocket, CVS Health’s Enterprise Procurement department is in search of a Sourcing Category Manager who be responsible for Open Platforms & Cross-Category Enterprise Suppliers. This includes a wide range of IT suppliers across all categories including Hardware/Infrastructure, Software, Cloud/SaaS, etc. This role will be responsible for defining and executing sourcing strategies that drive P&L value across the services within the assigned CVS Health spend category. To achieve success in this role, the Category Manager must develop highly productive relationships with leaders and key business stakeholders, and leverage tools such as spend analytics, market intelligence, and existing vendor agreements to build and maintain a pipeline of sourcing opportunities within the category. In this position, you will also play a meaningful role representing procurement on large scale strategic enterprise initiatives and special projects (e.g. sourcing process transformation, acquisition integration, etc.). The Indirect Strategic Sourcing team manages over $10B in annual indirect spend across a range of IT & non-IT categories that support key business units across the enterprise (Retail, PBM, Insurance, Specialty/Clinical, etc.). As a Category Lead on the Sourcing team, you should have an enterprise mindset, possess highly developed business background, and be a strong communicator who is able to establish lasting relationships with business leaders as well as internal and external stakeholders. This critical role will report to a Lead Director within the Indirect Strategic Sourcing team.

Requirements

5-8 years of professional experience related to Sourcing & Category Management, Finance, Supply Chain, Procurement, Analytics, Project Management, or Management Consulting
Ability to travel up to 10% for supplier presentations, site visits, and key department meetings at RI Headquarters (no more than quarterly)

Nice To Haves

Possess a strong business acumen and high level of problem solving and critical thinking skills
Excellent verbal communication and interpersonal skills, with an ability to confidently and expertly interact with internal and external stakeholders
Strong analytical ability, strategic thinker, learn and process new information quickly
Ability to quickly capture, analyze, and summarize large data sets
Strong organization and project management skills
Shown ability to handle multiple tasks without direct supervision, while paying strong attention to detail and follow-up
Intellectually curious, eager to gain new experiences, qualifications, and responsibilities
Negotiation Skills / Experience
Vendor Management / Consolidation Experience
Experience with electronic sourcing platforms, such as Ariba eSourcing, is a plus

Responsibilities

Develop and maintain short, medium, and long term category sourcing plans, spend profiles, and pipeline
Schedule and maintain cadence of regularly scheduled sourcing category reviews and planning sessions with key leaders within the assigned business area; establish self as category sourcing expert
Guide analyst base on sourcing activities to ensure successful execution of RFx events for category
Accountable for quantifying and delivering against savings targets for category
Serve as execution lead on major Sourcing events with high complexity, spend, and/or visibility
Educate business partners on policies and processes in place to support Strategic Sourcing; communicate and demonstrate team’s value proposition
Maintain status of all completed, active, and planned sourcing activities to review with Strategic Sourcing management
Effectively communicate Strategic Sourcing’s value proposition and goals to key leaders and stakeholders
Leverage spend analytics, market intelligence, and expiring contracts reporting to continuously build pipeline of opportunities for sourcing to address within category
Maintain strong working relationship with CVS Health’s business and vendor management teams, ensuring that Strategic Sourcing is engaged early on all prospective engagements requiring vendor support
Work with stakeholders to develop bid strategies and create effective scope of work documents for competitive bid processes
Develop processes to ensure that CVS Health’s business stakeholders are utilizing preferred suppliers wherever possible, thereby leveraging the enterprise’s scale to drive greater value for the company
Collaborate with CVS Health’s contracting team to identify new and creative approaches to contracting with vendor partners