Senior Sourcing Advisor

Posted Yesterday
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Madison, WI
85K-135K Annually
Senior level
Healthtech • Biotech
The Role
The Senior Sourcing Advisor coordinates sourcing efforts, communicates with stakeholders, manages supplier contracts, and ensures compliance with sourcing standards while driving savings initiatives.
Summary Generated by Built In

Help us change lives

At Exact Sciences, we’re helping change how the world prevents, detects and guides treatment for cancer. We give patients and clinicians the clarity needed to make confident decisions when they matter most. Join our team to find a purpose-driven career, an inclusive culture, and robust benefits to support your life while you’re working to help others.

Position Overview

The Senior Sourcing Advisor is a liaison between the Category Managers, the various internal business owner team(s), and any supplier during the sourcing process. This role serves as primary point of contact for Business Owners where a category is unmanaged. A sourcing, procurement, category-specific subject matter expertise, or finance background is required for this role. The scope and focus of work will vary and require working with a diverse team of cross-functional stakeholders. The Sr Sourcing Advisor is expected to lead the sourcing process elements of a project and understand business requirements. Areas of focus include request for information/proposal/quote (RFXs and other advanced sourcing techniques), supplier evaluation, commercial terms negotiation and/or related support, supplier due diligence, and contracting support with suppliers. This role requires a persistent and eager individual to independently find solutions that meet Exact Sciences’ business needs while optimizing cost, quality, and risk outcomes.

This role is located at 1 Exact Lane in Madison, WI and must work in office a minimum of 3 days/week.

Essential Duties

Include, but are not limited to, the following:

  • Clearly communicates updates to stakeholders of ongoing initiatives and projects with suppliers.
  • Leads (or partners with the Category Manager in) the analysis of proposal responses with cross-functional teams.
  • Owns the supply agreement/contracting process with suppliers, leveraging support from the Sourcing team and contact analysts.
  • Drives contract negotiations to optimize cost, quality, and risk outcomes.
  • Defines and manages the development and execution of request for proposals (RFP’s) with input from cross-functional areas.
  • Adept at mining spend/supplier data and performing detailed analyses to support sourcing decisions.
  • Effectively communicates and collaborate with multi-level personnel, Business owners, Leaders, and supplier representatives through use of presentations and data analytics.
  • Drives an awareness of supplier expectations and requirements within the organization to foster win-win relationships.
  • Directs and/or participates in supplier visits, both onsite and via teleconference.
  • Collaborates in category implementation through data analysis, market intelligence gathering, supplier negotiations/contracting.
  • Drives forward aggressive savings initiatives while continuously managing savings pipeline based on key procurement targets.
  • Documents and communicates the savings success and engages business owners in needed process changes.
  • Practical experience with sourcing analysis techniques (TCO, make/buy, ROI, risk assessment, etc).
  • Demonstrated ability to quickly develop and maintain strong relationships with internal stakeholders and customers.
  • Ensures sourcing standards are followed across the organization through education to impacted departments.
  • Leads and manages several varied projects at one time, with frequent changing priorities.
  • Ability to identify and evaluate backup and alternate suppliers independently, based on business needs, utilizing industry standard practices.
  • Dedicated team player who can thrive in a fast-paced environment.
  • Ability to make decisions with limited information and operate with autonomy.
  • Strong analytical, problem-solving, and negotiating skills.
  • Excellent oral and written communication and interpersonal skills.
  • Ability to organize, present, and convey complex problems or issues within and across other functions.
  • Uphold company mission and values through accountability, innovation, integrity, quality, and teamwork.
  • Support and comply with the company’s Quality Management System policies and procedures.
  • Maintain regular and reliable attendance.
  • Ability to act with an inclusion mindset and model these behaviors for the organization.
  • Ability to lift up to 20 pounds for approximately 5% of a typical working day.
  • Ability to work on a mobile device, tablet, or in front of a computer screen and/or perform typing for approximately 90% of a typical working day.
  • Ability to comply with any applicable personal protective equipment requirements.
  • Ability and means to travel between local Madison Exact Sciences locations.
  • Ability to travel 10% of working time away from work location, may include overnight/weekend travel.

Minimum Qualifications

  • Bachelor's Degree in supply chain, finance, or a field related to essential duties.
  • 7+ years of industry experience in sourcing, supply chain, procurement, information technology, finance, operations, or a field related to the essential duties.
  • Demonstrated experience in negotiation with supplier leadership and enterprise level contract management, including a working understanding of contractual terms and conditions and risk mitigation. 
  • Strong proficiency in Microsoft Office programs, such as Word, Excel, PowerPoint, and Outlook.
  • Demonstrated ability to perform the essential duties of the position with or without accommodation.
  • Authorization to work in the United States without sponsorship.

Preferred Qualifications

  • 2+ years of experience working within Enterprise Resource Planning (ERP) systems, such as SAP.
  • 3+ years of experience sourcing process execution.
  • Professional working knowledge with 21 CFR Part 820, ISO 13485, and/or cGMP structured environments.

#LI-RB1

Salary Range:

$85,000.00 - $135,000.00

 

The annual base salary shown is for this position located in US - WI - Madison on a full-time basis. In addition, this position is bonus eligible, and is eligible to be considered for company stock at hire and on an annual basis.

Exact Sciences is proud to offer an employee experience that includes paid time off (including days for vacation, holidays, volunteering, and personal time), paid leave for parents and caregivers, a retirement savings plan, wellness support, and health benefits including medical, prescription drug, dental, and vision coverage. Learn more about our benefits.

Our success relies on the experiences and perspectives of a diverse team, and Exact Sciences fosters a culture where all employees can develop personally and professionally with a sense of respect and belonging. If you require an accommodation, please contact us here.

Not ready to apply? Join our Talent Community to stay updated on the latest news and opportunities at Exact Sciences.

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to age, color, creed, disability, gender identity, national origin, protected veteran status, race, religion, sex, sexual orientation, and any other status protected by applicable local, state, or federal law. Any applicant or employee may request to view applicable portions of the company’s affirmative action program.

To view the Right to Work, E-Verify Employer, and Pay Transparency notices and Federal, Federal Contractor, and State employment law posters, visit our compliance hub. The documents summarize important details of the law and provide key points that you have a right to know.

Top Skills

Erp Systems
MS Office
SAP
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The Company
Madison, WI
4,190 Employees
On-site Workplace

What We Do

Exact Sciences is changing the way we think about detecting and treating cancer. As a leader in cancer testing, we are committed to providing earlier answers and life-changing treatment guidance.

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