Senior Sourcing Manager

CVS Health • Woonsocket, RI

1d

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. Position Summary The Senior Sourcing Manager, Non‑IT Sourcing, is responsible for leading complex sourcing initiatives and category strategies across indirect, non‑technology spend. This role partners closely with business stakeholders to develop and execute sourcing strategies that drive cost savings, mitigate risk, and deliver long‑term enterprise value while ensuring compliance with procurement policies and contractual standards. The Senior Sourcing Manager serves as a strategic advisor to business owners, leading competitive sourcing events, direct negotiations, and strategic reviews for high‑impact categories. The role also provides mentorship to junior sourcing team members and contributes to the continuous improvement of sourcing processes, tools, and governance.

Requirements

• 7+ years of experience.
• Strong analytical skills, including experience with spend analysis, financial evaluation, and scenario modeling to support sourcing decisions.
• Strong working knowledge of end‑to‑end sourcing processes, including intake and discovery, sourcing path selection, competitive events, negotiations, and contract handoff.
• Demonstrated ability to develop and execute category strategies informed by spend analysis, market intelligence, and supplier insights.
• Proven experience applying strategic sourcing levers such as supplier consolidation, scope optimization, pricing models, and contract structuring to maximize enterprise value.
• Ability to clearly communicate complex sourcing strategies, risks, and trade‑offs to both business partners and procurement leadership.
• Strong capability to partner with senior business stakeholders, guiding sourcing strategy decisions and influencing outcomes through data‑driven recommendations.
• Demonstrated strength in commercial negotiations, including pricing, service levels, contractual terms, and risk allocation.
• Bachelor’s degree in Business, Supply Chain, Finance, Economics, or a related field, or equivalent practical experience in strategic sourcing or procurement.

Nice To Haves

• Experience with Ariba, Tableau and Microsoft Copilot
• Firm understanding of AI and how emerging technology is driving efficiencies in category management.

Responsibilities

• Leading complex sourcing initiatives and category strategies across indirect, non‑technology spend.
• Partnering closely with business stakeholders to develop and execute sourcing strategies that drive cost savings, mitigate risk, and deliver long‑term enterprise value while ensuring compliance with procurement policies and contractual standards.
• Serving as a strategic advisor to business owners, leading competitive sourcing events, direct negotiations, and strategic reviews for high‑impact categories.
• Providing mentorship to junior sourcing team members and contributes to the continuous improvement of sourcing processes, tools, and governance.

Benefits

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees