Sourcing Executive

Vizient•Chicago, IL

1d•Hybrid

About The Position

The Sourcing Executive supports the development and execution of sourcing and contracting strategies that reduce spend, improve operational efficiency, and deliver value for clients. The role assists throughout the sourcing lifecycle, including data analysis, RFP preparation, supplier engagement, negotiation support, and contract maintenance. Under the guidance of senior team members and Legal, the position contributes to drafting, redlining, and negotiating contract terms while developing foundational skills in complex negotiations. The role collaborates with internal teams and suppliers to strengthen sourcing, communication, and stakeholder-management capabilities. This position follows a hybrid work model, requiring three days per week in the office. Listed office locations are Irving, Texas; Chicago, Illinois; Charlotte, North Carolina; Nashville, Tennessee; and Centennial, Colorado. Willingness to travel is required. The position is incentive eligible, and the estimated salary range is $77,400 to $135,400, with geographic factors potentially affecting the range and individual compensation decisions tailored to circumstances.

Requirements

At least 2 years of relevant experience.
Strong analytical skills, including the ability to work with data and identify trends.
Exceptional verbal communication and presentation skills for facilitating supplier discussions, articulating contract changes, and ensuring alignment among internal stakeholders and clients.
Proficiency in Microsoft Office.
Ability to manage multiple tasks with guidance in a fast-paced, matrixed environment.
Willingness to travel.

Nice To Haves

A relevant degree is preferred; Business, Supply Chain, Legal Studies, Healthcare Administration, or a related field is preferred.
Foundational experience in contract review, redlining, or negotiation support is preferred.

Responsibilities

Assist in drafting and redlining contract terms and conditions under the direction of senior team members and Legal.
Participate in supplier negotiations by preparing materials, summarizing issues, and contributing to discussions.
Support alignment between clients, suppliers, and internal teams by gathering information and documenting updates.
Ensure contract documents reflect agreed updates and adhere to established standards.
Escalate complex or sensitive negotiation items to senior sourcing executives for guidance.
Contribute to sourcing strategies by collecting and analyzing data, market insights, and supplier information.
Assist in RFP creation, distribution, bid collection, and initial evaluations.
Coordinate supplier communications and scheduling for sourcing activities.
Support contract maintenance activities, including amendments, renewals, and pricing validations.
Prepare communication materials summarizing sourcing progress, opportunities, and supplier updates.