STRATEGIC SOURCING ANALYST (3823)

Memorial Home Services; Springfield (IL); On-site; USD 60,000 - 90,000; Full time

Job summary

Memorial Health System in Illinois is seeking a Strategic Sourcing Analyst to support sourcing, contracting, supplier management, and spend analysis across products, services, and technology.

The role partners with clinical, financial, and operational teams to develop and execute sourcing strategies, conduct market research, and implement bids and supplier evaluations. Strong analytical, communication, and Excel skills are essential.

Qualifications

• Bachelor's degree in a related field required.
• 0–3 years in strategic sourcing, procurement, or related field.
• Healthcare experience preferred.

Responsibilities

• Supports sourcing initiatives for products, supplies, services, and technology solutions.
• Performs spend analyses, benchmarking, and market research to identify opportunities.
• Assists in RFP/RFI/RFQ development and supplier evaluations.
• Conducts financial analyses related to pricing, contracts, and acquisitions.
• Maintains reports and dashboards that monitor contract performance and savings.
• Keeps abreast of healthcare sourcing trends and best practices.

Skills

Analytical skills

Data analysis

Communication skills

Microsoft Office

Excel

Stakeholder collaboration

Multi-project management

Education

Bachelor's degree in Supply Chain Management or related field

Tools

Microsoft Office

Job description

The Strategic Sourcing Analyst supports strategic sourcing, contracting, supplier management, and valuennoptimization activities across products, supplies, equipment, purchased services, technology solutions, andnnoperational services utilized throughout the health system. This role partners with operational, clinical, financial,nnand administrative stakeholders to support sourcing initiatives, contract implementation, spend analysis, andnnsupplier performance management efforts.nnThe Strategic Sourcing Analyst conducts data analysis, market research, financial evaluations, and sourcing supportnnactivities to identify opportunities that improve quality, service, operational efficiency, and financial performance.nnThis position assists with the development and execution of sourcing strategies, competitive bid processes,nncontract evaluations, and implementation plans that support organizational goals.nnThe Strategic Sourcing Analyst embodies the Memorial Health Performance Excellence Standards of Safety,nnQuality, Integrity, and Stewardship in support of the mission, vision, and values of the health system.

Education:

• Bachelor's degree in Supply Chain Management, Business Administration, Finance, Healthcare Administration, Data Analytics, or related field required
• Relevant healthcare, sourcing, procurement, or contracting experience may be considered in lieu of education requirements where appropriate.

Licensure/Certification/Registry:

• Certified Materials & Resource Professional (CMRP), Certified Professional in Supply Management (CPSM), or equivalent certification preferred.
• Certification required within two years of hire.

Experience:

• Zero to three years of experience in strategic sourcing, procurement, supply chain, contracting, finance, value analysis, operations, or a related field.
• Experience conducting data analysis and developing reports preferred.
• Healthcare experience preferred.

Other Knowledge/Skills/Abilities:

• Strong analytical and problem-solving skills.
• Ability to collect, organize, and analyze data from multiple sources.
• Effective written, verbal, and presentation communication skills.
• Ability to manage multiple projects and deadlines simultaneously.
• Basic understanding of sourcing, contracting, procurement, and supplier management principles.
• Proficiency with Microsoft Office applications, particularly Excel, Word, Outlook, and PowerPoint.
• Ability to build collaborative relationships with internal stakeholders and suppliers.

1. Supports sourcing initiatives involving products, supplies, equipment, purchased services, technology solutions, and operational services.
2. Conducts spend analyses, utilization reviews, benchmarking studies, and market research to identify sourcing opportunities and support decision making.
3. Assists in the development and administration of Requests for Proposal (RFPs), Requests for Information (RFIs), Requests for Quotations (RFQs), and supplier evaluations.
4. Performs financial analyses related to sourcing projects, pricing proposals, product conversions, service agreements, and capital acquisitions.
5. Develops and maintains reports, dashboards, and analytics that support sourcing activities, contract management, and supplier performance monitoring.
6. Participates in value analysis, sourcing, and stakeholder committees by providing research, analytics, and project support.
7. Assists with contract implementation activities, supplier onboarding, communication planning, and change management efforts.
8. Monitors supplier performance and prepares reporting related to service levels, utilization, compliance, savings, and operational outcomes.
9. Supports the evaluation of capital equipment and supply requests through financial analysis, benchmarking, and supplier research.
10. Maintains sourcing, supplier, contract, and project documentation.
11. Identifies opportunities for process improvement, standardization, and cost management.
12. Embodies the Memorial Health System Performance Excellence Standards of Safety, Courtesy, Quality, and Efficiency that support our mission, vision and values:
    • · SAFETY: Prevent Harm - I put safety first in everything I do. I take action to ensure the safety of others.
    • · COURTESY: Serve Others - I treat others with dignity and respect. I project a professional image and positive attitude.
    • · QUALITY: Improve Outcomes - I continually advance my knowledge, skills and performance. I work with others to achieve superior results.
    • · EFFICIENCY: Reduce Waste - I use time and resources wisely. I prevent defects and delays.
13. Maintains knowledge of healthcare, sourcing, supply chain, and supplier market trends.
14. Participates in professional development activities to enhance sourcing, financial, negotiation, and analytical capabilities.
15. Performs other related work as required or requested.

The intent of this job description is to provide a representative summary of the major duties and responsibilities performed by incumbents of this job. Incumbents may be requested to perform tasks other than those specifically presented in this description.