Director, Pharmacy Procurement & Strategic Sourcing

Overview

The Director of Pharmacy Procurement & Strategic Sourcing provides enterprise leadership for pharmacy procurement and sourcing across inpatient, outpatient/retail, central fill, home infusion and community hospital settings. This role is accountable for establishing purchasing governance, supplier strategy, and pricing discipline to ensure reliable medication supply, cost optimization, and operational consistency across the health system. The Director leads the design and execution of standardized procurement strategies that align with contracting, inventory operations, financial controls, and long-term supply chain planning.

• Strategic Procurement Leadership
  • Develop and execute a comprehensive pharmacy procurement and sourcing strategy aligned with organizational goals and Pharmacy Supply Chain priorities.
  • Own procurement strategy across all sites and classes of trade, including WAC, GPO, 340B purchasing pathways, and alternate distribution models (ADM).
  • Establish standardized procurement policies, approval thresholds, escalation pathways, and controls to reduce variability and optimize overall cost of goods.
  • Ensure procurement practices align with contracting strategy, inventory planning, and financial stewardship.
• Operational Alignment and Oversight
  • Oversee purchasing across all inpatient, outpatient, infusion, retail, and community hospital sites.
  • Partner with inpatient and outpatient pharmacy leaders to ensure procurement workflows support operational needs and patient care continuity.
  • Collaborate with Finance and Information Services to ensure accurate cost accounting, expense classification, and purchasing data integrity.
  • Provide actionable procurement insights to leadership to inform strategic and operational decision-making.
• Supplier & Sourcing Oversight
  • Serve as owner of wholesaler, distributor and manufacturer relationships.
  • Lead sourcing strategy for wholesalers, manufacturers, specialty distributors, and alternate distribution partners.
  • Partner closely with Pharmacy Supply Chain leadership to ensure:
    • Correct contract utilization and pricing at wholesalers
    • Appropriate purchasing pathways
    • Alignment between sourcing decisions and pricing strategy
  • Oversee vendor performance management, scorecards, issue resolution, and ongoing relationship management.
  • Lead or support supplier negotiations in coordination with pharmacy leadership, legal and hospital supply chain teams.
• Supply Chain Optimization & Cost Stewardship
  • Uphold industry best practices for pharmaceutical sourcing and procurement.
  • Identify and implement initiatives that improve procurement efficiency, reduce cost variability, and support system-wide optimization.
  • Evaluate sourcing alternatives, distribution models, and vendor capabilities to support cost-effective access to medications.
  • Establish and monitor key procurement performance metrics and use data-driven insights to drive continuous improvement.
• 340B Program Collaboration
  • Collaborate with 340B leadership to ensure procurement strategies appropriately support 340B program objectives and compliance requirements.
  • Ensure purchasing and sourcing decisions align with approved 340B strategies and operational workflows.
  • Provide procurement and sourcing expertise to inform evaluation of third-party administrators (TPAs), ADM partners, and distribution models.
  • Support optimization of 340B-eligible purchasing while maintaining compliance, without owning day-to-day 340B operations.
• Organizational Leadership & Workforce Development
  • Lead procurement managers and specialists; define clear roles, decision rights, and accountability.
  • Coach and develop early-career leaders and procurement staff.
  • Establish governance structures that reduce escalations to senior executives and clarify ownership.
  • Foster a culture of accountability, collaboration, and continuous improvement.
• Transformation Enablement
  • Lead continuous improvement initiatives to standardize and optimize pharmacy procurement processes across all sites and care settings.
  • Drive full and effective utilization of procure-to-pay (P2P) systems, including purchasing, invoicing, and reporting workflows.
  • Partner with Information Services, Finance, and Supply Chain stakeholders to improve data accessibility, integrity, and end-to-end process alignment.
  • Develop and implement best-practice procurement planning models that support demand variability, supplier constraints, and inventory strategies.
  • Establish standardized procurement performance metrics and dashboards to monitor compliance, efficiency, and cost performance.
  • Identify and implement opportunities to automate manual procurement workflows and reduce operational friction.
  • Support the adoption of new tools, technologies, and processes that enhance procurement governance, visibility, and scalability.
  • Promote a culture of continuous improvement and operational discipline within the procurement organization.

(The above statements in this job description are intended to depict the general nature and…