STRATEGIC SOURCING ANALYST (3823)

Memorial Health; Springfield (IL); On-site; USD 68,884,000 - 106,765,000; Full time

Benefits offered by this job

Paid time off

401(k) match

Health/dental/vision insurance

Job summary

Memorial Health is seeking a Strategic Sourcing Analyst to support sourcing, contracting, supplier management and value optimization across products, services and technology. The role partners with clinical, financial, and administrative stakeholders to drive spend analysis and supplier performance improvements.

The position emphasizes data analysis, market research, and development of sourcing strategies, bid processes, and contract implementations in alignment with Memorial Health goals.

Qualifications

• Bachelor's degree required in a related field.
• Healthcare / sourcing experience preferred but not mandatory.

Responsibilities

• Supports sourcing initiatives across products, supplies, equipment, and services.
• Performs spend analyses and benchmarking to identify opportunities.
• Assists in RFPs, RFIs, and RFQs; evaluates supplier proposals.
• Performs financial analyses related to sourcing projects and contracts.
• Maintains reports, dashboards, and analytics for sourcing activities.
• Participates in committees; provides research and project support.
• Assists with contract onboarding and supplier communications.
• Monitors supplier performance and reports on service levels and savings.

Skills

Analytical skills

Problem solving

Communication

Presentation

Project management

Collaboration

Data analysis

Sourcing knowledge

Education

Bachelor's degree in Supply Chain / Business / Finance / Healthcare Admin

Tools

Excel

Word

PowerPoint

Outlook

Job description

Focused on the Future of Care We're looking for talented, passionate healthcare professionals to join the team at Memorial Health as we build the future of healthcare. If you're ready to be part of a transformative organization that puts people first, take a look at what we have to offer.

Position Type

On-site

Job Description Summary

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

Responsibilities

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.

Pay Transparency $24.04 - $37.26 Additional compensation in the form(s) of participation in our annual incentive program are dependent on role. Pay is based on factors such as work experience, education, certification(s), training, skills, and competencies related to the role.

Memorial Health also offers a comprehensive benefits plan, which includes paid time off, 401(k) match, and health/ dental/ vision insurance options.

All benefits can be found at https://jobs.memorial.health/about/benefits/

If you require a reasonable accommodation to complete this application or participate in the hiring process, please contact [e-mail]. Requests will be handled confidentially.