Strategic Sourcing Specialist II

Geisinger; Pennsylvania; On-site; USD 75,000 - 120,000; Full time

Job summary

A leading healthcare organization is seeking a procurement professional to drive value opportunities through advanced analytics and supplier negotiations. This role involves evaluating contracts, ensuring compliance, and optimizing expenses across product and service categories, all while adhering to ethical procurement practices.

Qualifications

• Ability to negotiate multi-million-dollar contracts.
• Conducts advanced analytics and scenario-based assessments.
• Builds and maintains relationships with stakeholders.

Responsibilities

• Conducts advanced analytics for business operations.
• Develops and executes negotiation strategies with suppliers.
• Monitors contract compliance and evaluates proposals.

Skills

Negotiation

Analytical Skills

Vendor Management

Data Integrity

Financial Analysis

Job description

• With limited supervision, conducts advanced analytics and scenario-based outcome assessments to best inform business operations as to potential Total Cost of Ownership impact a category change may result in. optimizes product and service expense and pricing and action the pipeline assigned to generate value opportunities through supply market analysis, value analysis, benchmarking and utilization assessment.
• With limited supervision, conducts competitive analysis and bidding, develops, and executes negotiation strategies with suppliers and implements required contractual agreements for assigned product and service categories.
• Evaluates all contractual agreements, proposals, and negotiates commercial terms, inclusive of business risk and adherence to guidelines established.
• Post contract execution monitoring assigned portfolio expenses to ensure category / contract compliance, where applicable, enacting a semi-annual pipeline of savings of opportunities based on renegotiation, Request For Proposal, consolidation of current spends, assisting customers with procurement of non- savings related needs, adoption of best in class technology to perform contract management, e-sourcing, etc. Ensures accuracy, data integrity, and validity in all work.
• Performs in depth analysis on each assigned request to ensure all financial comparisons are accurate and thorough so that a comprehensive value-based decision can be made by the business.
• Facilitate Value Analysis meetings, as required.
• With limited supervision develops complex bid solicitations, proposal review and vendor negotiations to optimize contractual terms including, but not limited to pricing.
• Ensures all bidding activity within the category is conducted in an open, fair and transparent procurement process (may include RFI, RFP, etc.) that delivers best value with integrity and meets all ethical standards.
• With limited supervision, demonstrates the ability to persuade, influence and negotiate multi-million-dollar contracts vendor(s) to meet the organization’s strategic objectives.
• identifies stakeholders, suppliers, team members and other vendor organizations and builds and maintains the appropriate relationship in alignment with a segmentedsupply strategy and builds a supplier performance management process.
• Adheres to a disciplined application of standard work including standard operating procedures, tools, etc. to achieve objectives and final deliverables within a finite timescale and budget

Work is typically performed in an office environment. Accountable for satisfying all job specific obligations and complying with all organization policies and procedures. The specific statements in this profile are not intended to be all-inclusive. They represent typical elements considered necessary to successfully perform the job.