Sourcing Specialist

Overview

1.0 FTE Full time Day - 08 Hour R2653124 Hybrid  SC Category Management Business & Administration Palo Alto, 2465 Faber, California. If you're ready to be part of our legacy of hope and innovation, we invite you to explore our current job openings. Day - 08 Hour (United States of America). At Stanford Medicine, we are shaping the future with a transformative refresh of sourcing and analytics, aimed at establishing a single point of sourcing for the entire enterprise.

We are seeking individuals who are excited to be part of something dynamic and impactful and who want to contribute to the growth of our supply chain operations.

This is a Stanford Health Care job.

• Scope of responsibilities includes SHC and LPCH. The Sourcing Specialist supports Category Management and Value Based Selection (VBS) for medical supplies, non-medical supplies, and purchased services, focusing on best value and Total Cost of Ownership.
• Work within the Non-Labor Spend (NLS) reduction and VBS frameworks to achieve Category Management objectives with optimal balance of quality, service, availability and value.
• Negotiate, standardize, consolidate and contract administer for all departments at SHC and LPCH; negotiate and manage contracts for medical products, equipment and related services, including market review, benchmarking and supplier selection; ensure contract compliance with pricing and service levels.
• Collaborate with the Assistant Director Category Management & VBS, Sourcing Director, and Administrative Director of Supply Chain to maintain balance of quality, service, availability and value.

Stanford Health Care

• Assist with monitoring supplier performance by developing measurement tools and checking references; work with Senior Buyers to ensure standardization compliance.
• Interface with vendors regarding sourcing, pricing and related issues; manage information using manual or electronic systems.
• Issue bids, requests for information and requests for products; analyze and build ongoing relationships with suppliers.
• Monitor compliance to product standardization and vendor performance; report findings to Purchasing Manager.
• Negotiate with vendors to ensure competitive pricing and contract or pricing agreement compliance with SHC and LPCH guidelines.
• Place orders and communicate product delivery and pricing information; coordinate changes in purchase orders with vendors in collaboration with Senior Buyers.
• Process purchase requisitions (electronic, department-specific and general); provide expertise in negotiating standard price-per-unit contracts.
• Identify and implement cost reduction strategies; work with Category Managers and VBS Project Managers to support cost reduction efforts.
• Assist in managing catalog and contracts information within Master Data Management; support Value Based Selection program, Patient Care VAT and SOP framework.
• Utilize market tools (e.g., ECRI, Spend Link) to gain market knowledge and access best pricing for assigned categories; document savings and engage end users for process changes or product conversions.
• Perform other related duties as needed or assigned.

• Bachelor's degree (or foreign equivalent) in Business Administration, Supply Chain Management, Business Information Systems, Manufacturing Systems Engineering or a similar discipline from an accredited college or university required.

• Three (3) years of progressively responsible and directly related work experience.

• Ability to apply judgment and make informed decisions
• Ability to communicate effectively
• Ability to conduct analysis and formulate conclusions
• End-to-end knowledge of Supply Chain processes
• Ability to understand financial statements
• Understanding the impact of implementing new price agreements
• Ability to prioritize work and meet deadlines in a fast-paced environment
• Ability to foster effective working relationships and build consensus
• Ability to manage multiple central and offsite order and supply systems for hospitals and clinics
• Ability to plan, organize, prioritize, work independently and meet deadlines
• Knowledge of computer systems and software used in the functional area
• Knowledge of general store keeping, inventory and stock control methods
• Knowledge of hospital billing systems and hospital rate file structures
• Knowledge of local, state and federal regulatory requirements related to areas of functional responsibility
• Knowledge of new technologies and staying updated
• Knowledge of specialized medical and surgical supplies and equipment, primarily disposable
• Knowledge of Sterile Processing and case cart systems
• Adheres to HIPAA and BAA requirements; supports implementation of policies and procedures across the organization and coordination with Finance, Compliance, Office of General Counsel and Risk Management

• None

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