The Sourcing Specialist will be responsible for executing the end-to-end sourcing process of the procurement cycle across direct and indirect spend categories.

The Sourcing Specialist will assist with the development, implementation and management sourcing processes that will drive selection of Suppliers.

The Sourcing Specialist will assist in the strategic management of the spend categories by executing best practice sourcing and procurement strategies, measuring key spend/usage metrics, protecting the client through appropriate contractual protection and secure favorable rights, controls, and price incentives.

Responsibilities:

• Facilitate procurement/sourcing initiatives in collaboration with Procurement Management, business units stakeholders and suppliers ensuring that a competitive environment is maintained throughout the procurement process.
• Demonstrate knowledge with respect to procurement concepts, policies and procedures, assisting with identifying requirements and communicating those requirements such that internal customers and bidders clearly understand all aspects of the project.
• Execute procurement/sourcing plans that support business unit objectives and maximize profitability through lower costs, rebates, volume discounts, or revenue generation opportunities and support innovation, improved service levels, improved relationships to facilitate operational efficiencies and customer satisfaction.
• Execute governance framework to enable client to identify the best suppliers of goods and services. Develop supplier bid list making maximum use of existing and new suppliers as appropriate.
• Participate in the development of a sourcing approach and operating model recommending changes that align with strategic priorities.
• Research and assess supplier services, capabilities, performance and other relevant factors as necessary for strategic fit and/or sourcing/contracting opportunities.
• Participate in the development of supplier negotiation strategy and support negotiation activities as appropriate to reach common agreement.
• Collaborate with internal business partners as required to continually improve the sourcing process.
• Leverage domestic partnerships footprint across common suppliers and help optimize/reduce supplier count and construct regional/national agreements that benefit client.
• Develop and execute recommendations that align sourcing with overall department and company goals.
• Participate and at times, take the lead, in contract negotiations to ensure alignment with sourcing processes and overall negotiation strategy.
• Participate in supplier performance reviews as part of ongoing improvement efforts/quarterly business reviews as to time, quality, scope, budget, capacity, and responsiveness.
• Take an active role in providing subject matter expertise and guidance to customers and team members as appropriate.
• Ensure frequent communication between all key project and sub-department parties including customers, suppliers, associates and other appropriate stakeholders.
• Communicate key issues clearly and effectively to the appropriate supplier and client audience at all management levels
• Ensure compliance to all policies and procedures; document the events of the procurement project and maintain written record of the interactions and outcome of the project.

Requirements:

• Bachelor’s Degree in Business, Finance, Supply Chain or comparable.
• 3+ years of experience in supplier management, negotiations, procure to pay systems or equivalent
• Experience in the Healthcare industry
• Experience managing the RFP process
• Strong communication skills; ability to build relationships cross-functionally
• Excellent organizational skills; attention to detail
• Ability to multi-task successfully and prioritize while meeting critical deadlines
• Proficient in Microsoft Office (Excel, PowerPoint, Outlook, Word)
• Collaborating with internal / external customers in a highly collaborative, effective manner.
• Experience in cost reduction and performance improvement efforts, with emphasis on the ability implement improvements.
• Detailed and or working knowledge of procure to pay systems
• Possess effective verbal and written communication and interpersonal skills, and the ability to interface with all levels of associates and management.
• Ability to work independently, with strong organizational and flexibility skills in a team-oriented environment.
• Experience in organizing, prioritizing, and handling multiple tasks with a high level of efficiency and in a flexible manner
• Demonstrated strong analytical skills, with attention to detail required