Strategic Sourcing Specialist

Job Description:

Job Summary:

The Strategic Sourcing Specialist supports the corporate strategic sourcing and vendor relations function and associated processes to ensure the company is strategically sourcing materials, equipment, and services with the highest level of quality and in the most cost effective manner.

Essential Functions:

• Triage purchasing requests to ensure timely and appropriate engagement
• Research internal customer needs and identify the best contracted vendor to provide products and/ or services
• Facilitate Request for Quote (RFQ) activities for new and existing products and/ or services
• Assist with the monitoring of contractual relationships to ensure that CareSource receives the highest quality of products and contracted services
• Establish and maintain partnerships with internal customers and vendors for maximum value and policy compliance
• Collaborate with legal to ensure contracts follow the contract review and approval process per company policy
• Analyze vendor contracts and recommend appropriate changes
• Negotiate contracts with vendors for favorable, terms, services, and quality that comply with industry regulations
• Monitor active contracts expiring term report to assist with renewals
• Assist with annual review of all active contracts to ensure security, regulatory, and legal language are up to date
• Perform any other job duties and projects as requested

Education and Experience:

• Bachelor of Science/Arts degree in business administration, procurement or related field or equivalent work experience is required
• Minimum of two (2) years of experience in strategic sourcing/purchasing/procurement is required
• Previous experience in a healthcare environment is preferred

Competencies, Knowledge and Skills:

• Intermediate proficiency level with Microsoft Office
• Ability to make decisions and work independently
• Strong vendor relations and negotiation skills
• Ability to develop strategic vendor partnerships with select vendors that ensure increased value and long-term benefit to the organization
• Effective verbal and written communication skills
• Effective organizational skills
• Effective customer service skills
• Working knowledge of the application of strategic sourcing principles including; spend analysis, concept and strategy development, market analysis and research, requirements definition, Statement of Work (SOW) development, Request for Proposal (RFP) development and management, vendor negotiations, contract development, vendor onboarding and management, and contract management

Licensure and Certification:

• Certified Purchasing Manager (CPM) or equivalent certification is preferred

Working Conditions:

• General office environment; may be required to sit or stand for extended periods of time

Compensation Range:

$53,400.00 - $85,600.00

CareSource takes into consideration a combination of a candidate’s education, training, and experience as well as the position’s scope and complexity, the discretion and latitude required for the role, and other external and internal data when establishing a salary level. In addition to base compensation, you may qualify for a bonus tied to company and individual performance. We are highly invested in every employee’s total well-being and offer a substantial and comprehensive total rewards package.

Compensation Type (hourly/salary):

Salary

Organization Level Competencies

• Create an Inclusive Environment

• Cultivate Partnerships

• Develop Self and Others

• Drive Execution

• Influence Others

• Pursue Personal Excellence

• Understand the Business

This job description is not all inclusive. CareSource reserves the right to amend this job description at any time. CareSource is an Equal Opportunity Employer. We are dedicated to fostering an inclusive environment that welcomes and supports individuals of all backgrounds.

#LI-SD1

About Us

The CareSource mission is known as our heartbeat. Just as we support our members to be the best version of themselves, our employees are driven by our mission to create a better world for members, stakeholders and providers.

We are difference-makers who combine compassionate hearts with our unique business expertise to make every opportunity count. Each claim, each phone call, each consumer-centric decision is a chance to change the world for one member, and our employees look for ways to do that every day.

The challenge is, there is no one right way to be the difference and we’re looking for people like you that will rewrite that definition every day. We do what it takes to form creative solutions that make our community and the world just a little better. Discover what it means to be #UniquelyCareSource.