Director Strategic Sourcing

Cotiviti; United States; Remote; USD 150,000 - 180,000; Full time

Job summary

An established industry player is searching for a Strategic Sourcing Director to lead procurement initiatives and drive cost optimization. This role demands a visionary leader skilled in negotiation and supplier management, with a focus on continuous improvement in sourcing processes. The ideal candidate will develop comprehensive sourcing strategies and collaborate cross-functionally to enhance supply chain efficiency. With a competitive compensation package and a commitment to employee development, this position offers a unique opportunity to shape the future of sourcing within a dynamic organization.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

401(k) Savings Plan

Paid Family Leave

Paid Time Off (PTO)

Flexible Work Environment

Life Insurance

Disability Insurance

Paid Holidays

Qualifications

• 12+ years in strategic sourcing and procurement with leadership experience.
• Professional certifications like C.P.M. or CPSM are a plus.

Responsibilities

• Develop and implement sourcing strategies aligned with company goals.
• Negotiate contracts and manage supplier relationships effectively.

Skills

Strategic Sourcing

Supplier Management

Negotiation Skills

Cost Optimization

Lean Six Sigma Principles

Education

Bachelor's in Supply Chain Management

Master's or Advanced Degree

Tools

ERP Systems

Procurement Software

Job description

Overview

We are seeking a highly experienced and dynamic Strategic Sourcing Director to lead our procurement and

sourcing initiatives. The ideal candidate will have a proven track record in strategic sourcing, supplier management,

and cost optimization. This role requires a visionary leader with exceptional negotiation skills and the ability to drive continuous improvement in our sourcing processes.

Responsibilities

• Strategic Procurement: Develop and implement comprehensive sourcing strategies that align with the company’s objectives and market trends. Identify opportunities for cost savings, process improvements, and risk mitigation. Includes development of a pipeline of potential projects for the next 1-2 years based on contract renewals, stakeholders’ forecasts, and other reports (i.e., spend reports, accrual reports, diversity spend reports) and the department’s mid-range plans. Clarify, document, and support drafting of IT business requirements for vendor partnerships, identifying potential third parties, leading IT strategic sourcing, contract spend analysis, and completing contracts within an organization that is growing and undergoing change.
• Category Management: Lead the strategic management of key categories related to the assigned Business Unit/stakeholder area. Includes benchmarking analysis of market dynamics and pricing, cost drivers, vendor capabilities, and evaluations. Manage and direct the sourcing for all categories of IT, such as software, hardware, and services.
• Supplier Relationship Management & Rationalization: Build and maintain strong relationships with key suppliers to ensure reliable supply chains and optimize costs. Focus on driving collaboration, innovation, and continuous improvement. Analyze and apply GMRE rationalization to all vendors in the assigned stakeholder area and ensure future sourcing decisions are carried out accordingly. Lead vendor business reviews as necessary.
• Contract Negotiation: Negotiate favorable terms and conditions with vendors, including pricing, service levels, delivery, and key contractual terms. Ensure compliance with compliance and legal requirements.
• Contract Management: Develop and maintain Master Services Agreements, Statements of Work (SOW), and Service Level Agreements (SOWs) with key vendors. Monitor vendor performance against agreed-upon metrics and take corrective actions as needed. Determine contracting strategy, oversee the process for assuring details are accurately captured in the contract (e.g., bill of materials, scope of work, service level agreements, performance metrics, etc.), oversee and at times lead the negotiation of terms and pricing, drive best value for the business, and establish and communicate contracting timelines to Cotiviti IT and Business Unit leaders. Manage and guide third-party contract management and execution through conclusion while working, as necessary, in close partnership with Legal and other internal stakeholders to ensure business, legal, and compliance requirements are captured and met. Lead the management of renewals for the applicable segments to ensure that they are done timely as well as the negotiation of contractual amendments, and ensure that all business, legal, and compliance requirements are met. Direct the interpretation of contract standards and specifications as well as enforce contract policy.
• Cross-Functional Collaboration: Lead regular discussions with internal stakeholders to understand their needs and business areas, communicate supply chain updates, provide sourcing project reviews, and drive supply chain results.
• Risk Management: Identify and mitigate risks associated with the supply chain to ensure business continuity.
• Technology Utilization: Leverage ERP systems and other procurement software to streamline processes and enhance efficiency. ·
• Root Cause Analysis: Conduct root cause analysis utilizing six sigma (or other similar) methodology when failures occur to prevent recurrence.
• Hire, develop, coach, lead, and retain top-tier talent, with a focus on building and improving a team and culture that can assist in employing best-in-class practices to support and drive high levels of internal and external customer satisfaction. ·
• Complete all responsibilities as outlined in the annual performance review and/or goal setting.
• Complete all special projects and other duties as assigned.
• Must be able to perform duties with or without reasonable accommodation.

This job description is intended to describe the general nature and level of work being performed and is not to be construed as an exhaustive list of responsibilities, duties, and skills required. This job description does not constitute an employment agreement and is subject to change as the needs of Cotiviti and the requirements of the job change.

Qualifications

• Bachelor's degree in Supply Chain Management, Business, Finance, or a related field. Master's or advanced degree preferred.
• Minimum of 12 years of experience in strategic sourcing, procurement, or supply chain management with at least 2 years in a leadership role.
• Professional certifications such as C.P.M. or CPSM are a plus.
• Ability to develop and implement short-term sourcing strategies and be creative in defining solutions to complex supply chain issues.
• Proven leadership skills with the ability to inspire and motivate a team.
• Understanding of the Lean Six-Sigma principles.

Working Conditions and Physical Requirements

• Remaining in a stationary position, often standing or sitting for prolonged periods.
• Communication with others to exchange information
• Repeating motions that may include the wrists, hands, and/or fingers
• Assessing the accuracy, neatness, or thoroughness of the work assigned.
• No adverse environmental conditions expected
• Must be able to provide a dedicated, secure work area.

Base compensation ranges from $150,000 to $180,000 per year. Specific offers are determined by various factors, such as experience, education, skills, certifications, and other business needs.”

Cotiviti offers team members a competitive benefits package to address a wide range of personal and family needs, including medical, dental, vision, disability, and life insurance coverage, 401(k) savings plans, paid family leave, 9 paid holidays per year, and 17-27 days of Paid Time Off (PTO) per year, depending on specific level and length of service with Cotiviti. For information about our benefits package, please refer to our Careers page.

Date of posting: 4/28/2025Applications are assessed on a rolling basis. We anticipate that the application window will close on7/28/2025 but the application window may change depending on the volume of applications received or close immediately if a qualified candidate is selected.

#LI-MW1

#LI-Remote

#Senior