Sr Sourcing Executive

Vizient•Nashville, TN

1d•$88,900 - $155,500

About The Position

Develops customized contract strategy recommendations for complex contracting needs, such as physician preference, clinical preference, purchase services, and capital, with the goal of reducing spend, improving operational efficiencies, maximizing delivered value, and increasing member satisfaction. The role may guide the work of other team members and is typically assigned to larger or more complex member accounts and projects. The position works independently with legal teams, internal and external stakeholders, and suppliers to negotiate and develop contracts that meet member, supplier, and Vizient needs. It also identifies cost-saving opportunities, analyzes cost data, supports contract compliance, and communicates recommendations and outcomes. The role may support vendor relationship management and request analytical resources as needed.

Responsibilities

Develop customized contract strategy recommendations for complex contracting needs to reduce spend, improve operational efficiencies, maximize delivered value, and improve member satisfaction.
May guide the work of other team members.
Work independently with the legal team to negotiate terms and conditions of complex contracts, build consensus, and execute contracts that meet the needs of members, suppliers, and Vizient.
May prepare and/or analyze requests for proposals when determining recommendations.
Work independently with internal and external stakeholders to develop contracts for specific client requirements, including complex contracting needs.
Identify and propose cost-saving initiatives for larger or more complex member accounts and projects.
Apply knowledge of member and supplier experiences to cost-savings projects and adjust approaches accordingly.
Ensure contract compliance with terms and conditions necessary to achieve cost savings.
May support vendor relationship management, including cross-referencing, organizing in-services, scheduling trials, and resolving product issues.
Calculate, analyze, and interpret cost data to recommend cost-saving opportunities and process improvements.
Request analytical resources as needed.
Design and deliver communications about recommendations, successes, opportunities, and challenges.
Develop and maintain strong relationships with internal and external stakeholders and support relationship development with senior leaders.