Senior Sourcing Executive - Capital Budgeting

Vizient; Chicago (IL); Hybrid; USD 89,000 - 156,000; Full time

Job summary

Vizient is seeking a seasoned procurement professional to lead high-impact sourcing and contracting strategies across healthcare categories. You will guide complex negotiations, draft and redline terms with Legal, and oversee the full sourcing lifecycle to deliver measurable client value.

You will analyze spend, benchmark market trends, and implement cost-saving initiatives while maintaining compliance and risk management.

Qualifications

• Bachelor's degree or higher in a related field preferred.
• 5+ years of relevant experience required.
• Experience drafting, redlining and negotiating complex contract terms.

Responsibilities

• Lead negotiation of complex contract terms and conditions and structure innovative solutions meeting client needs.
• Partner with Legal to draft, refine, and validate contract language for accuracy, compliance and risk mitigation.
• Manage full sourcing lifecycle including opportunity assessment, RFP design, bid evaluation, supplier selection, and implementation support.
• Develop sourcing strategies based on spend analysis, market trends, benchmarking and supplier dynamics.
• Identify and propose cost-saving initiatives grounded in financial analysis and market intelligence.
• Oversee contract maintenance including amendments, renewals, compliance evaluation and performance monitoring.
• Use analytical tools and contracting platforms to support workflow efficiency and savings tracking.
• Present negotiation updates, sourcing strategies, risks and recommendations to clients and leadership.
• Build and maintain partnerships with clients, suppliers and internal stakeholders.
• Communicate complex strategies clearly to executive-level audiences.

Skills

Analytical skills

Financial analysis

Problem solving

Education

Business / Supply Chain related degree

Tools

Microsoft Office

Job description

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 lead high-impact sourcing and contracting strategies that reduce spend, enhance operational efficiency, and deliver measurable value for clients. You will guide complex negotiations—drafting, redlining, and shaping sophisticated contract terms in partnership with Legal—while managing the full sourcing lifecycle across diverse healthcare categories. You will influence outcomes with strategic insight, market intelligence, and strong judgment, serving as a trusted adviser to clients and internal teams. And if you are new to healthcare, you will still thrive here—this role is designed for exceptional negotiators who excel in complex discussions, think critically, and lead with confidence.

Responsibilities

• Lead negotiation of complex contract terms and conditions and structure innovative solutions that meet client needs.
• Partner with Legal to draft, refine, and validate contract language for accuracy, compliance, and risk mitigation.
• Manage the full sourcing lifecycle, including opportunity assessment, RFP design, bid evaluation, supplier selection, and implementation support.
• Develop sourcing strategies based on spend analysis, market trends, benchmarking, and supplier dynamics.
• Identify and propose cost-savings initiatives grounded in financial analysis and market intelligence.
• Oversee contract maintenance, including amendments, renewals, compliance evaluation, and performance monitoring.
• Use analytical tools and contracting platforms to support workflow efficiency, documentation accuracy, and savings tracking.
• Present negotiation updates, sourcing strategies, risks, and recommendations to clients and internal leadership.
• Build and maintain strong partnerships with clients, suppliers, and internal stakeholders.
• Communicate complex strategies and negotiations clearly and effectively to executive-level audiences.

Qualifications

• Relevant degree preferred. Business, Supply Chain, Legal Studies, Healthcare Administration, or related field preferred.
• 5 or more years of relevant experience required.
• Experience supporting capital budgeting, capital equipment planning, capital sourcing, or capital procurement initiatives preferred.
• Expertise in drafting, redlining, and negotiating complex terms and conditions.
• Proven ability to lead complex sourcing initiatives.
• Strong analytical, financial, and problem-solving abilities.
• Exceptional verbal communication and presentation skills, which are critical for facilitating supplier discussions, clearly articulating contract changes, and ensuring alignment among internal stakeholders and clients throughout the sourcing and negotiation process.
• Proficiency in Microsoft Office.
• Ability to manage multiple priorities in a fast-paced, matrixed environment.
• This role follows a hybrid work model, requiring three days per week in the office. Office locations include Irving, TX; Chicago, IL; and Centennial, CO.
• 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 $88,900.00 to $155,500.00.

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.