Strategic Sourcing Specialist

Saint Francis Health System

1d • Onsite

About The Position

The Strategic Sourcing Specialist supports sourcing activities and helps to develop cost-reduction opportunities for service lines. This role ensures optimal vendor value by monitoring performance and quality products and implements strategic sourcing strategies to lower costs and achieve benchmark pricing.

Requirements

• Minimum 6 months in procurement, negotiations, contract management, analytics or vendor and supplier management.
• Knowledge in supply chain contracting strategies, strategic sourcing, spend analytics, benchmarking, RFx engagements, and achieving cost reductions across assigned product and services categories while maintaining or improving quality.
• Basic knowledge of finances and economic sourcing, capital equipment, clinical products, and purchasing services.
• Knowledge of contract lifecycle management, including drafting, reviewing, negotiating, and executing agreements in accordance with established contracting policies and procedures.
• Knowledge of day-to-day contracting activities such as renewals, modifications, price discrepancies, and supplier performance concerns.
• Excellent interpersonal, communication, and influencing skills with the ability to maintain strong business relationships.
• Strong analytical skills to enable sourcing/contracting decisions based on evaluation of previous data sources.
• Ability to work independently and collaboratively in a fast-paced environment, managing multiple priorities with competing deadlines.

Nice To Haves

• Bachelor’s degree in Business or Clinical
• Certified Sourcing Professional (CSP), Certified Professional in Supply Management (CPSM) or Certified Supply Chain Professional (CSCP)
• Experience in healthcare

Responsibilities

• Provides guidance to department management on priority items and overall sourcing plans and initiatives.
• Assists in negotiating contracts that includes both local and national purchasing agreements.
• Manages and maintains strong end-user and vendor relationships that include our Group Purchasing Organization (GPO) and distribution partners.
• Evaluates operational conditions and processes to ensure any special terms or provisions applicable to the Strategic Sourcing Award Strategy are covered during negotiations or other procurement requests such as Request for X (RFx) documents.
• Maintains measurable and quantifiable performance metrics for all contracting activities in their managed categories.
• Researches alternative supplier options to ensure supply chain resiliency is maintained.
• Ensures all suppliers meet service benchmarks and performs periodic evaluations of supplier companies.
• Works effectively with Legal Counsel to resolve and prevent any contractual concerns.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED