Sourcing Manager III

CareSource•Dayton, OH

7d•$83,000 - $132,800

About The Position

The Sourcing Manager III delivers enterprise-wide vendor management services, develops high-quality contracts, optimizes spend, and manages business risk through fair and reasonable contract terms. The role leads category management, mentors sourcing team members, and partners with business owners, Legal, Finance, Treasury, executives, suppliers, and other stakeholders to meet organizational sourcing needs and ensure regulatory compliance. The position develops category strategies and roadmaps, researches markets and customer needs, identifies opportunities for consolidation and savings, supports financial analyses and vendor performance monitoring, and improves supplier diversity. It also develops sourcing policies and procedures, adapts contracting services to organizational needs, coordinates category-focused training, represents SSVR as a subject matter expert, and drives category KPIs. The role works in a general office environment and may require extended periods of sitting or standing.

Requirements

Bachelor’s degree in business, materials management, logistics, or a related discipline, or equivalent relevant work experience.
At least five years of experience in strategic sourcing, vendor relations, contract development, procurement processes and policies, and negotiation.
Experience in process improvement, training, effective communication, and collaboration.
Broad category expertise across products and services, with emphasis on healthcare procurement and knowledge of regulatory and compliance requirements.
Thorough understanding of strategic sourcing principles, including spend analysis, strategy development, market research, requirements definition, SOW and RFP development and management, vendor negotiations, contract development, vendor onboarding and management, and contract management.
Strong vendor relations and negotiation skills.
Robust process improvement and training skills, with decision-making, problem-solving, time management, organizational skills, and attention to detail.
Effective listening and critical thinking skills.
Advanced interpersonal, written, and verbal communication skills.
Ability to interact with all levels of leadership, influence change and adoption of SSVR concepts, defuse tension, resolve conflict, and lead cross-functional teams and initiatives.
Initiative-taking and results-oriented, with strong analytical, metrics, and critical thinking skills.
Ability to coordinate and prioritize multiple projects simultaneously and deliver documented, measurable results.
Advanced Microsoft Office skills, including Outlook, Word, Excel, PowerPoint, and SharePoint.

Nice To Haves

Master’s degree in business administration.
Certified Purchasing Manager (CPM) credentials.

Responsibilities

Deliver category strategic sessions and help develop sourcing roadmaps and priorities with business owners.
Mentor and coach sourcing team members supporting the category, and ensure they understand and deliver against category priorities.
Conduct market research and analysis to identify opportunities, including incumbent competitiveness, price benchmarks, RFx event ROI, new vendors, and product innovations.
Partner with business owners to identify consolidation and bundling opportunities that reduce risk, promote standardization, and improve cost effectiveness and efficiency.
Collaborate with Legal to follow contract review and approval processes, analyze incumbent and template contracts, and recommend changes.
Manage and improve supplier diversity and support local economic development programs.
Research internal customer needs and recommend suitable suppliers for corporate services.
Develop and implement corporate sourcing and vendor relations policies and procedures.
Support Investment Proposal, ROI, and other financial analyses for new initiatives; work with Finance to monitor vendor performance against ROI assumptions.
Minimize financial risks to CareSource.
Consult with Treasury on capital expenditures through lease-versus-purchase analyses and recommendations.
Deliver enterprise-wide contracting, vendor management, and strategic sourcing services to improve partnering, manage risk, leverage spend, and ensure regulatory compliance.
Adapt services to changing organizational needs and manage participants and standard operating procedures in the contracting process.
Coordinate with Vendor Management on training by providing category-specific guidance, mentoring, and development.
Represent SSVR as a departmental subject matter expert.
Drive category KPIs in alignment with department KPIs.
Work with executive leadership, business owners, and staff to source requirements promptly and monitor contractual relationships for quality and performance.
Establish and maintain partnerships with internal customers and suppliers to maximize value and ensure policy compliance.
Perform other job duties as requested.