Strategic Sourcing & Procurement Lead

3M HEALTHCARE

Chicago (IL)

On-site

USD 95,600 - 162,400

Full time

14 days+

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Job summary

Northern Trust in Chicago is seeking a senior procurement leader to develop and execute best-in-class sourcing strategies across HR, Marketing and Business Services. You will lead RFx, contract negotiations, supplier diversity initiatives, and ongoing supplier performance to align with the corporation's strategic plan while mentoring teams and educating stakeholders.

The role requires extensive experience in sourcing, procurement, and contract management, with strong Excel and data analysis

Qualifications

Bachelor’s degree in Business, Supply Chain Management, Finance, or a related field is preferred.
MBA or other advanced degree and a professional procurement or supply chain certification (e.g., CSCP, CPM) are strongly preferred.
Six or more years of experience in sourcing, procurement, or a related field, or an equivalent combination of education and relevant work experience.

Responsibilities

Develop and execute best‑in‑class procurement practices for HR, Marketing, and Business Services‑related vendors, including effective sourcing processes, category sourcing strategies, and sustainable purchasing methods.
Ensure adherence to core procurement processes and infrastructure to effectively manage procurement activities across all spending categories.
Lead and support programs that promote supplier diversity, including minority‑, small‑, women‑, and disadvantaged‑owned businesses.
Develop, implement, and communicate an overall procurement strategy aligned with both Business Unit objectives and the Corporation’s strategic plan.
Demonstrate a strong understanding of performance management and career development processes, and provide training on core procurement processes when required.
Lead the development of sourcing strategies, including the collection and analysis of key data and insights to support category analytics, pricing evaluations, and negotiations.
Lead and manage RFx processes (e.g., Requests for Proposal, Information, and Quotation), including project management, RFx development, supplier negotiations, evaluation, and award recommendations.
Oversee contract review, drafting, and execution of agreements such as Non‑Disclosure Agreements (NDAs), Master Agreements, and Statements of Work (SOWs).
Lead contract and pricing negotiations and manage ongoing contract administration.
Ensure compliance with established procurement policies, processes, and procedures.
Support and monitor supplier performance and contract compliance through supplier activity reporting, business and performance reviews, scorecards, supplier rationalization initiatives, and demand management opportunities.
Support regulatory and compliance requirements, including OFAC, FCPA, spend analysis, and client relationship standards.
Manage and report procurement performance metrics and provide ongoing support for both internal and external audit requests.
Establish and maintain strong relationships with key business partners by educating stakeholders on procurement policies and guidelines and resolving purchasing issues as needed.
Utilize and maintain strong working knowledge of procurement‑related ERP and contract management systems (e.g., Coupa, PeopleSoft).
Partner with business stakeholders to develop and implement strategies and solutions that enhance existing services, introduce new services, or improve processes.
Assess the impact of changes and facilitate adoption through effective training and communication. Provide ongoing post‑implementation support.