Strategic Sourcing Manager

Strategic Sourcing Manager

What you will be doing:

The Contracting Manager is responsible for sourcing and management for contracts within the purchased services service line, which will include multiple contracts or relationships. Specifically, Contracting Managers will be responsible for:

• Supplier and Member Relationship Management
• Support with Development of Opportunity Road Map
• Full (End to End) Sourcing Process
• GPO and Member Contract Negotiations
• Project Status Tracking and Report Out to Member

Key Responsibilities

• Supplier and Member Relationship Management
  • Manage supplier relationships, contracts and contract categories with small to mid-tier suppliers.
  • Resolve supplier related issues regarding contracting activities.
  • Remain point of contact for the supplier to member and Premier.
  • Conduct regular Business Line Reviews with member.
  • Develop performance metrics and own relationship management with member and supplier.

• Negotiations
  • Run complete sourcing process including but not limited to data gathering, RFP drafting and release, response analysis, pricing negotiations and contracting.
  • Conduct negotiations meetings with suppliers, ensure standardization of processes and deliverables to Sourcing Committees, share subject matter expertise, and develop and mentor department staff.
  • Manage the competitive sourcing process related to optimum contract pricing, terms, and conditions.

• Contract Operational and Financial Management
  • Solid understanding of contract management processes and systems.
  • Serve as the single point of contact for the contract and respond to questions from Premier's field team and member hospitals.
  • Review and analyze supplier sales data.
  • Assist in training new suppliers on Premier policies and procedures.
  • Support the management of the amendment process. Create amendments with some guidance from manager, ensuring contract modifications are in the best interest of Premier and its Members.
  • Accurately forecast administrative fees for contracts.
  • Ensure supplier compliance with sales reporting and fee payment.
  • Monitor accounts receivable for portfolio.
  • Monitor contract usage to maximize Premier administrative fees.
  • Routinely negotiate with suppliers to increase contract value via mitigation of price increases, price decreases, expansion of classes of trade, or other contract value.
  • Support and provide input on initiatives to increase contract revenue.

Required Qualifications

Work Experience:

5 or more years

Education:

High School Diploma or GED (Required)

Preferred Qualifications

Skills:

• Sourcing
• Contract Negotiations
• Contract Operations
• Purchased Services

Experience:

History of sourcing and negotiating agreements
Healthcare experience

Education:

Bachelor's degree

Additional Job Requirements:

• Remain in a stationary position for prolonged periods of time
• Be adaptive and change priorities quickly; meet deadlines
• Attention to detail
• Operate computer programs and software
• Ability to communicate effectively with audiences in person and in electronic formats
• Day-to-day contact with others (co-workers and/or the public)
• Making independent decisions
• Ability to work in a collaborative business environment in close quarters with peers and varying interruptions

Working Conditions:

Remote

Travel Requirements:
Travel 21-40% within the US

Physical Demands:
Sedentary:
Exerting up to 10 pounds of force occasionally, and/or a negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects, including the human body. Sedentary work involves remaining stationary most of the time. Jobs are sedentary if movement is required only occasionally, and all other sedentary criteria are met.

Premier's compensation philosophy is to ensure that compensation is reasonable, equitable, and competitive in order to attract and retain talented and highly skilled employees. Premier's internal salary range for this role is $90,000 - $150,000. Final salary is dependent upon several market factors including, but not limited to, departmental budgets, internal equity, education, unique skills/experience, and geographic location. Premier utilizes a wide-range salary structure to allow base…