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Vizient

Sr Sourcing Executive

Posted 6 Days Ago
Be an Early Applicant
In-Office
3 Locations
89K-156K Annually
Senior level
In-Office
3 Locations
89K-156K Annually
Senior level
The Sr Sourcing Executive will lead strategic sourcing processes, manage contracts, negotiate terms, and enhance operational efficiencies to achieve savings and member satisfaction.
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When you’re the best, we’re the best. We instill an environment where employees feel engaged, satisfied and able to contribute their unique skills and talents while living and working as their authentic selves. We provide extensive opportunities for personal and professional development, building both employee competence and organizational capability to fuel exceptional performance through an inclusive environment both now and in the future.

Summary:   

In this role, you will be a senior strategic sourcing resource, providing best in class sourcing and contracting strategies focused on delivering and optimizing provider value. You will accomplish this by leading and facilitating all aspects of strategic sourcing processes including developing and executing a robust workplan and roadmap of opportunities, strategy building, contract development, negotiations, communications, documentation, and implementation. You will also develop a provider-specific contract strategy to reduce spending and develop savings and service solutions, improve terms and conditions, identify new value propositions, maximize delivered value/operational efficiencies, and ultimately achieve a higher level of member satisfaction by becoming a trusted adviser.

Responsibilities: 

  • Develop and assist team members to create project plans that engage others to meet savings goals and business objectives.

  • Evaluate client spend data to prioritize implementation of contracts based on highest savings opportunities and present a workplan of priority to provider and Vizient teammates.

  • Work in collaboration with provider and Vizient colleagues to enhance existing Vizient national agreements and create custom agreements on behalf of the provider.

  • Identify new savings and contracting opportunities as well as gaps in contracting portfolio to ensure realization of engagement value. 

  • Conduct meetings and communicate opportunities, next steps, successes, and challenges to Vizient leadership and key provider stakeholders, leading the effort to collaborate and incorporate feedback to improve process, outcomes, and deliverables.

  • Lead the bid process and generate Request for Proposals (RFP’s).

Qualifications:

  • Relevant degree preferred.

  • 5 or more years of experience working with contracts and negotiations required.

  • Experience in a health care environment preferred.

  • Demonstrated expertise in competitive bidding, and management of high profile agreements.

  • Must be financially savvy with working with expense and revenue budgets.

  • Excellent verbal, written presentation skills.

  • Willingness to travel.

Estimated Hiring Range:

At Vizient, we consider skills, experience, and organizational needs in our compensation approach. Geographic factors may adjust the range estimate and hires typically fall below the top range. Compensation decisions are tailored to individual circumstances. The current salary range for this role is $88,900.00 to $155,500.00.

This position is also incentive eligible.

Vizient has a comprehensive benefits plan! Please view our benefits here:

http://www.vizientinc.com/about-us/careers

Equal Opportunity Employer:   Females/Minorities/Veterans/Individuals with Disabilities

The Company is committed to equal employment opportunity to all employees and applicants without regard to race, religion, color, gender identity, ethnicity, age, national origin, sexual orientation, disability status, veteran status or any other category protected by applicable law.

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