Sourcing Specialist - PM, Contracts, CRM

Royal Communications Consultants•New York, NY

15h

About The Position

The Sourcing Specialist is responsible for handling the organization's end to end sourcing operations by implementing sourcing plans and tactics to effectively manage assigned commodities. This role involves appraising and improving sourcing activities through analyzing the company's spending, managing supply partnerships, and identifying new opportunities to improve cost savings. The specialist will develop sourcing strategies, conduct market research, perform robust spend analytics, negotiate contracts with optimal terms, manage supplier relationships, and act as an internal consultant to foster strong customer relationships within the organization. Professional development is also a key aspect, requiring the specialist to gain additional knowledge in the healthcare industry and procurement functions.

Requirements

Four (4)-seven (7) years of sourcing experience.
Demonstrated project management skills required including identifying project deliverables and developing critical milestones to meet project goals.
Negotiation of contracts.
Creating and developing relationships and leading projects and sourcing events.
Leading meetings with Suppliers and Customers to keep project goals and objectives on track.
Bachelor's Degree in any Business or Finance discipline.

Nice To Haves

Experience in Healthcare.

Responsibilities

Handle the organization's end to end sourcing operations by implementing sourcing plans and tactics to effectively manage assigned commodities.
Appraise and improve organization sourcing activities by analyzing the company's spending, supply partnerships and identifying new opportunities to improve cost savings.
Develop sourcing strategies that align with organizational goals/objectives, budget targets and operational requirements to minimize the organizational risk.
Perform data collection and conduct spend analysis at the organizational level, divisional level, commodity level and supplier level to identify opportunities and cross-over of common items purchased.
Conduct Market Research to identify new technologies, identify sourcing/supplier trends.
Complete robust spend analytics to mine opportunities.
Craft negotiation strategies and close deals with optimal terms.
Negotiate contracts that support the sourcing strategies, collaborating with key stakeholders and departments.
Negotiate and develop contract terms and conditions that minimize risks and are consistent with the service level expectations of the internal client and the statement of work defined for the competitive bid process.
Identify and vet preferred supplier capabilities, financial stability and standing in the market.
Identify optimal method(s) of supplier selection when identifying new opportunities or product pricing.
Manage cross-organizational integrative activities with suppliers and the rest of the organization.
Develop good working relationships with the end-user community by establishing ongoing, consistent meetings to gather ongoing spend requirements that will enable the departments to manage business operations.
Act as internal consultant, facilitator, and problem solver.
Understand the supplier business regarding existing product line, and research and development of future technology with potential impact to contract terms and pricing.
Gather information on supplier performance in order to provide input into the strategic sourcing process for future sourcing events.
Develop annual individual development plan to gain additional knowledge in areas of healthcare Industry, changes in the industry and procurement functions.