Strategic Sourcing Specialist III - Healthcare Procurement
About The Position
The Sourcing Specialist III works independently and strategically to identify, project plan, implement and monitor supply chain expense or utilization opportunities to optimize total organizational expenses. As part of the Sourcing team, works collaboratively with clinical and operational leadership in a team-based environment to optimize the selection, standardization and utilization of product and services for the organization. In addition, this position has operational responsibility in collaboration with Supply Chain subdivisions to ensure that product and services are priced accurately, available timely, carried in the appropriate quantities and locations, and delivered in the most efficient manner to meet patient care needs. Shape the Future of Healthcare Through Strategic Sourcing Excellence! Join a team that drives strategic sourcing initiatives across critical healthcare service lines, including Surgery, OR, Cardiology, Cath Lab, Urology, CSR, Perfusion, and Perioperative Services. As a Strategic Sourcing Specialist III, you'll play a pivotal role in optimizing supply chain performance, influencing business decisions, and delivering value that supports exceptional patient care across the health system.
Requirements
- Minimum of four (4) years of experience in Strategic Sourcing, Procurement, Supply Chain Management, Direct Sourcing, Contract Management, Category Management, or a related business discipline.
- Bachelor's Degree- (Required)
- Minimum of 4 years-Related work experience (Required)
- Critical Thinking
- Information Technology Project Management
- Leads Others
- Working Independently
Responsibilities
- Conducts advanced analytics and scenario-based outcome assessments to best inform business operations as to potential Total Cost of Ownership impact a category change may result in.
- Optimizes product and service expense and pricing and action the pipeline assigned to generate value opportunities through supply market analysis, value analysis, benchmarking, and utilization assessment.
- Conducts competitive analysis and bidding, independently develops, and executes negotiation strategies with suppliers and implements required contractual agreements for assigned product and service categories.
- Evaluates all contractual agreements, proposals, and negotiates commercial terms, inclusive of business risk and adherence to guidelines established.
- Post contract execution monitoring assigned portfolio expenses to ensure category/contract compliance, where applicable, enacting a semi-annual pipeline of savings of opportunities based on renegotiation, Request for Proposal, consolidation of current spends, assisting customers with procurement of non- savings related needs, adoption of best-in-class technology to perform contract management, e-sourcing, etc.
- Ensures accuracy, data integrity, and validity in all work.
- Performs in depth analysis on each assigned request to ensure all financial comparisons are accurate and thorough so that a comprehensive value-based decision can be made by the business.
- Facilitate Value Analysis meetings, as required.
- Independently develops complex bid solicitations, proposal review and vendor negotiations to optimize contractual terms including, but not limited to pricing.
- Ensures all bidding activity within the category is conducted in an open, fair and transparent procurement process (may include RFI, RFP, etc.) that delivers best value with integrity and meets all ethical standards.
- Demonstrates the ability to independently persuade, influence and negotiate multi-million-dollar contracts with vendor(s) to meet the organization’s strategic objectives.
- Identifies stakeholders, suppliers, team members and other vendor organizations and builds and maintains the appropriate relationship in alignment with a segmented supply strategy and builds a supplier performance management process.
- Adheres to a disciplined application of standard work including standard operating procedures, tools, etc. to achieve objectives and final deliverables within a finite timescale and budget.
Benefits
- health, dental and vision starting on day one
- Three medical plan choices, including an expanded network for out-of-area employees and dependents
- Pre-tax savings plans with healthcare and dependent care flexible spending accounts (FSA) and a health savings account (HSA)
- Company-paid life insurance, short-term disability, and long-term disability coverage
- 401(k) plan that includes automatic Geisinger contributions
- Generous paid time off (PTO) plan that allows you to accrue time quickly
- Up to $5,000 in tuition reimbursement per calendar year
- MyHealth Rewards wellness program to improve your health while earning a financial incentive
- Family-friendly support including adoption and fertility assistance, parental leave pay, military leave pay and a free Care.com membership with discounted backup care for your loved ones
- Employee Assistance Program (EAP): Referrals for childcare, eldercare, & pet care. Access free legal guidance, mental health visits, work-life support, digital self-help tools and more.
- Voluntary benefits including accident, critical illness, hospital indemnity insurance, identity theft protection, universal life and pet and legal insurance
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What This Job Offers
Job Type
Full-time
Career Level
Senior
