Sourcing Executive

Posted 11 Days Ago
Be an Early Applicant
2 Locations
77K-135K Annually
Junior
Analytics • Consulting
The Role
As a Sourcing Executive, you will develop sourcing strategies, manage contracts, and improve supply chain efficiency, focusing on cost reductions and stakeholder relationships.
Summary Generated by Built In

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 lead strategic sourcing resource, dedicated to delivering best in class contracting strategies and expertise that result in supply chain cost reductions for a clinically driven group.  You will accomplish this by contributing to all aspects of supply chain strategic sourcing processes including opportunity identification, soliciting input from member clinical experts and physicians, strategy building, contract development, negotiations, communications, documentation, and implementation. You will develop a contract strategy to reduce spending and craft savings solutions, improve operational efficiencies, and maximize delivered value.  You will establish credibility as a trusted advisor through the development of key interpersonal relationship with health-system and supplier stakeholders.

Responsibilities: 

  • Develop project plans and engage appropriate internal and external stakeholders to meet savings goals and business objectives through a variety of contracting strategies. 

  • Evaluate client spend data to prioritize implementation of contracts based on highest savings opportunities before presenting a plan of priority to engagements.

  • Conduct and interpret financial analysis, market trends, and consult with subject matter experts to formulate contract strategy recommendations, and review existing agreement market relevance and pricing for negotiations. 

  • Create strong relationships with suppliers, and internal and external customers across all product and service lines, conduct the bid process and generate Request for Proposals (RFP’s), and work with suppliers on specific terms, conditions, and pricing to achieve market relevant value.

  • Find strategies and cost savings to weather adversity and overcome new challenges facing our member hospitals.

Qualifications:

  • Relevant degree preferred. 

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

  • Ability to think critically and present information utilizing Microsoft tools required.

  • Health care contracting background with experience in successful contract negotiations preferred.

  • Must possess strong organization, relationship-building, and strategic partnering skills.

  • 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 $135,400.00.

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.

Top Skills

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The Company
HQ: Irving, TX
5,661 Employees
On-site Workplace
Year Founded: 1977

What We Do

Vizient, Inc., the nation’s largest health care performance improvement company, serves more than 50% of the nation’s acute care providers, which includes 97% of the nation’s academic medical centers, and more than 20% of ambulatory care providers. Vizient provides expertise, analytics and advisory services, as well as a contract portfolio that represents more than $130 billion in annual purchasing volume.

Vizient is based in Dallas and has offices in 20 metropolitan areas across the United States. We have 4,000 employees with a breadth of expertise, experience and compassion, who are eager to develop and implement solutions that advance health care for the greater good.

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