Sourcing Executive

When you’re the best, we’re the best. We instill an environment where employees feel engaged, satisfied and able to contribute their unique skills and talents while living and working as their authentic selves. We provide extensive opportunities for personal and professional development, building both employee competence and organizational capability to fuel exceptional performance through an inclusive environment both now and in the future.

Summary:

In this role, you will be a strategic sourcing resource, providing best in class sourcing and contracting strategies, focused on delivering and optimizing provider value. You will accomplish this by leading and facilitating all aspects of strategic sourcing processes including developing and executing a robust workplan and roadmap of opportunities, strategy building, contract development, negotiations, communications, documentation, and implementation. You will develop a provider-specific contract strategy to reduce spending and develop savings and service solutions, improve terms and conditions, identify new value propositions, maximize delivered value/operational efficiencies, and ultimately achieve a higher level of member satisfaction by becoming a trusted adviser. You will achieve these results and trusted advisor status through the development of key interpersonal relationships with provider and suppliers.

Responsibilities:

• Will learn to be self-directed in both developing and assisting team members to create project plans to meet savings goals and business objectives. Will evaluate client spend data to prioritize implementation of contracts based on highest savings opportunities and present a workplan of priority to provider and Vizient teammates.

• Work in collaboration with provider and Vizient colleagues to enhance existing Vizient national agreements and create custom agreements on behalf of the provider.

• Contribute to interpretation of financial analysis, market trends, and consult with subject matter experts to formulate contract strategy recommendations. Conduct ongoing price monitoring and contract maintenance utilizing Vizient analytical tools and external sources to review existing agreement market relevance and pricing for negotiations.

• Work collaboratively to identify new savings and contracting opportunities. Identify gaps in contracting portfolio to ensure realization of engagement value. Present savings initiatives and contracting updates at engagement meetings.

• Communicate opportunities, next steps, successes, and challenges to Vizient leadership and key provider stakeholders. Collaborate on and incorporate feedback to improve process, outcomes, and deliverables.

• Create strong relationships with suppliers, and internal and external customers across all product and service lines. Contribute to the bid process and generate Request for Proposals (RFP’s).

• Work with suppliers on specific terms and conditions and pricing to achieve market relevant value.

Qualifications:

• Relevant degree preferred. 

• 2 or more years’ relevant experience working in a contracting, contract management or supply chain related role required.

• Ability to present and help others to present complex information in a summary fashion utilizing Microsoft tools preferred.

• Strong health care contracting background with experience in successful contract negotiations a plus.

• Ability to support cross functional collaborations between with internal and external stakeholders.

• Willingness to travel.

Estimated Hiring Range:

At Vizient, we consider skills, experience, and organizational needs in our compensation approach. Geographic factors may adjust the range estimate and hires typically fall below the top range. Compensation decisions are tailored to individual circumstances. The current salary range for this role is $77,400.00 to $127,600.00.

This position is also incentive eligible.

Vizient has a comprehensive benefits plan! Please view our benefits here:

http://www.vizientinc.com/about-us/careers

Equal Opportunity Employer: Females/Minorities/Veterans/Individuals with Disabilities

The Company is committed to equal employment opportunity to all employees and applicants without regard to race, religion, color, gender identity, ethnicity, age, national origin, sexual orientation, disability status, veteran status or any other category protected by applicable law.