Strategic Sourcing Analyst Senior

American Addiction Centers•Charlotte, NC

1d•$38 - $56•Hybrid

About The Position

Under limited direction, this position supports developing and executing sourcing strategies for Advocate Health (may include supplies, pharmaceuticals, services, or capital), leveraging best practices, identifying cost containment opportunities, and standardizing products. Ensuring purchasing strategies support Advocate Health’s strategic plan, mitigate risk, maximize efficiency, and achieve cost, quality, and service delivery goals. Supporting the functional team strategy to enterprise strategy.

Requirements

Bachelor’s Degree in Supply Chain, Business or related field preferred.
Typically requires 5 years of demonstrated, progressive work experience in healthcare supply chain/procurement.
Knowledge in system-wide purchasing strategies, processes, and programs which support a service focused, cost effective, and centralized model.
Demonstrated successful contract negotiation skills and ability to establish and administer complex contracts for products and services.
Sound knowledge of inventory management and related accounting processes.
Extensive knowledge of analytical/mathematical/statistical methods, data analysis and presentation.
Interchange and internet-based procurement transaction processes knowledge with exposure to broader issues such as Continuous Replenishment Processes or Vendor Managed Inventories.
Skills developing strategic and tactical plans to meet business objectives in a large healthcare system.
Knowledge of contract law and related legal and financial policies.
Excellent communication skills necessary to communicate effectively with senior administrators, department leaders, physicians, vendors, and clinical staff to support Advocate Health’s acquisition goals.
Knowledge of healthcare accreditation standards (i.e. DNV, JCAHO), Occupational Safety and Health Administration, and National Fire Protection Organization requirements.
Excellent analytical, quantitative, and qualitative skills.
Ability to identify and solve problems creatively, to work within deadlines with a high attention to detail and to work independently in a fast paced, dynamic environment.
Experience in working with and implementing large-scale automated systems.

Responsibilities

Strategy Development: supports strategic sourcing best practices for enterprise across assigned categories.
Supports sourcing strategies such as analyzing market fundamentals, industry data, price benchmarks, cost drivers and trends, key cost variances, and economic forecasting in assigned categories.
Categorizes and analyzes spend categories and assesses market and sourcing options to prioritizing areas for maximizing value and cost synergies.
Sourcing Process Management: assist with the end-to-end sourcing process, including supplier identification, qualification, selection, negotiation, and contracting.
Ensure compliance with relevant policies, procedures, and regulations.
Assist in strategies to bring non-contracted products and services under contract, assuring best contract coverage for assigned categories.
Consults with Legal on contractual issues concerning proper legal terms and conditions.
Ensuring all other relevant departments’ evaluations of contracts are triggered (IT, Data Security, etc.) which can vary by contract type.
Cost Optimization: Supports and executes cost-saving opportunities through comprehensive analysis of utilization, pricing, and contracting.
Collaboratively works with sourcing leaders and others to enable favorable negotiations on pricing, terms, and conditions with suppliers.
Aids in cost containment strategies, such as standardization, utilization controls, and value-based purchasing.
Assists in the attainment of maximum savings in total delivered cost of supplies, pharmaceuticals, services, and equipment in assigned categories.
Supplier Relationship Management: Supports strong relationships with suppliers and supports supply chain-supplier relationships in assigned categories.
Monitor supplier performance, support supplier evaluations, and drive continuous improvement initiatives.
Collaborate with cross-functional teams to address supplier-related issues and ensure timely resolution.
Cross-functional Collaboration: Work closely with sourcing leaders and other relevant stakeholders to understand their needs and priorities.
Support and aid in effective communication channels and engagement strategies to foster collaboration and support decision-making processes.
Clinical Integration: Collaborate with sourcing leadership to ensure the seamless integration of value analysis.
Support educational programs and materials to promote awareness and adoption of value-based approaches throughout enterprise.
Data Analysis and Reporting: Assist in production of metrics and performance indicators to measure the impact of strategic sourcing initiatives on cost savings, quality improvement, and patient outcomes.
Work with Sourcing Leadership and Analytics partners to analyze data to identify trends, monitor progress, and generate actionable insights.
Prepare regular reports and presentations for leadership, highlighting key findings, achievements, and recommendations.
Team Leadership: Serves as role model and mentor to Analyst, including developing and maintaining training documents for supply chain processes as defined by sourcing leaders.
Assists with training as needed.
Continuous Improvement: Stay updated on industry trends, emerging technologies, and best practices.
Supports a culture of continuous improvement, leveraging data analytics, technology tools, and industry collaborations to enhance the strategic sourcing process and drive ongoing improvement in patient care delivery.
Risk Management: Supports risk mitigation associated with the sourcing process, including supply chain disruptions, quality issues, regulatory compliance, and geopolitical factors related to assigned categories.
Aids in contingency plans to minimize potential impact on the organization.
Assists in developing Requests for Proposal (RFP), Request for Information (RFI), and Invitations for Bid (IFB) in accordance with directives and program requirements.
Ensures contracting process engages end-users to define service and product attributes through facilitated pre-contracting initiatives.
Supports a rolling three-year plan for supplies, implants, pharmaceuticals, purchased services, and capital categories as assigned.

Benefits

Advocate Health offers a comprehensive suite of Total Rewards: benefits and well-being programs, competitive compensation, generous retirement offerings, programs that invest in your career development and so much more – so you can live fully at and away from work, including:
Compensation Base compensation listed within the listed pay range based on factors such as qualifications, skills, relevant experience, and/or training
Premium pay such as shift, on call, and more based on a teammate's job
Incentive pay for select positions
Opportunity for annual increases based on performance
Benefits and more Paid Time Off programs
Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability
Flexible Spending Accounts for eligible health care and dependent care expenses
Family benefits such as adoption assistance and paid parental leave
Defined contribution retirement plans with employer match and other financial wellness programs
Educational Assistance Program