Senior Sourcing Executive

Vizient•Chicago, IL

10d•Hybrid

About The Position

The Senior Sourcing Executive leads high-impact sourcing and contracting strategies to reduce spend, improve operational efficiency, and deliver measurable value for clients. The role leads complex negotiations, drafts and redlines sophisticated contract terms in partnership with Legal, and manages the full sourcing lifecycle across diverse healthcare categories. It uses strategic insight, market intelligence, and sound judgment to advise clients and internal teams. The role is designed for exceptional negotiators and does not require prior healthcare experience. This role follows a hybrid work model, requiring three days per week in the office. Available office locations are Irving, Texas; Chicago, Illinois; and Centennial, Colorado. Willingness to travel is required.

Requirements

Five or more years of experience drafting, redlining, and negotiating complex terms and conditions.
Proven ability to lead complex sourcing initiatives.
Strong analytical, financial, and problem-solving abilities.
Exceptional verbal communication and presentation skills, including the ability to facilitate supplier discussions, articulate contract changes, and ensure alignment among internal stakeholders and clients.
Proficiency in Microsoft Office.
Ability to manage multiple priorities in a fast-paced, matrixed environment.
Willingness to travel.

Nice To Haves

Relevant degree preferred; preferred fields include Business, Supply Chain, Legal Studies, Healthcare Administration, or a related field.
Experience with IT contracting or sourcing is highly preferred.

Responsibilities

Lead negotiations of complex contract terms and conditions and structure innovative solutions that meet client needs.
Partner with Legal to draft, refine, and validate contract language for accuracy, compliance, and risk mitigation.
Manage the full sourcing lifecycle, including opportunity assessment, RFP design, bid evaluation, supplier selection, and implementation support.
Develop sourcing strategies based on spend analysis, market trends, benchmarking, and supplier dynamics.
Identify and propose cost-saving initiatives based on financial analysis and market intelligence.
Oversee contract maintenance, including amendments, renewals, compliance evaluation, and performance monitoring.
Use analytical tools and contracting platforms to support workflow efficiency, documentation accuracy, and savings tracking.
Present negotiation updates, sourcing strategies, risks, and recommendations to clients and internal leadership.
Build and maintain strong partnerships with clients, suppliers, and internal stakeholders.
Communicate complex strategies and negotiations clearly and effectively to executive-level audiences.