Strategic Pharmacy Sourcing Lead

Vizient, Inc.; Chicago (IL); On-site; USD 89,000 - 156,000; Full time

Job summary

Vizient, Inc. is seeking a senior professional to lead strategic pharmacy sourcing and contracting initiatives that drive cost savings and improve portfolio performance.

You will develop contracting strategies, negotiate complex pharmaceutical agreements, and use market intelligence and financial analysis to identify opportunities. You will collaborate with suppliers, clients, and cross-functional teams to strengthen partnerships, monitor contract performance, and ensure alignment with evolving

Qualifications

• 5+ years of relevant experience required.
• Experience in pharmaceutical sourcing, strategic contracting, or supplier relationship management preferred.
• Demonstrated experience negotiating complex agreements and managing competitive bidding processes.
• Strong financial acumen with experience in financial modeling, budgeting, forecasting, and contract performance analysis.
• Knowledge of pharmaceutical market dynamics, distribution channels, reimbursement trends, and healthcare contracting practices.
• Strong analytical, problem-solving, and strategic decision-making skills.
• Excellent written, verbal, negotiation, and presentation skills.
• Ability to manage multiple priorities, collaborate across teams, and build effective client and supplier relationships.
• Willingness to travel.

Responsibilities

• Lead strategic sourcing, competitive bidding, and contract negotiations for complex pharmaceutical portfolios, including multi-million-dollar agreements.
• Develop and execute category and contracting strategies that optimize financial performance, increase savings, and enhance client value.
• Analyze pharmaceutical market trends, financial data, reimbursement dynamics, and emerging technologies to identify sourcing opportunities and inform strategic decisions.
• Manage supplier relationships, negotiate contract terms, and develop initiatives that strengthen engagement and drive portfolio growth.
• Collaborate with clients, suppliers, and cross-functional teams to identify business needs, address contracting challenges, and improve program utilization.
• Oversee contract performance through financial modeling, budgeting, forecasting, and analysis of sales, savings, and revenue.
• Lead business reviews and strategic planning discussions to communicate portfolio performance, market insights, contract enhancements, and growth opportunities.
• Develop business cases and recommendations for new pharmacy programs, contracting opportunities, and portfolio enhancements.
• Partner with legal, compliance, marketing, and internal teams to support contract execution, program implementation, and effective client communications.
• Monitor existing contracts and pharmacy programs to ensure market competitiveness, regulatory alignment, and continuous improvement.

Education

Relevant degree

Job description

Vizient, Inc. is seeking a senior professional to lead strategic pharmacy sourcing and contracting initiatives that drive cost savings and improve portfolio performance.

You will develop contracting strategies, negotiate complex pharmaceutical agreements, and use market intelligence and financial analysis to identify opportunities. You will collaborate with suppliers, clients, and cross-functional teams to strengthen partnerships, monitor contract performance, and ensure alignment with evolving