Job Title: Sourcing Advisor
Location: Chicago IL 60601 Hybrid
Duration: 1-year (Contract to hire)
Job Purpose:
This Position Is Responsible for Contracting, Identifying & Developing Sourcing Strategies For The Most Cost Effective Pricing And Best Service, while negotiating cost for Professional Services: IT Consulting and IT Managed Services, Management Consulting, Corporate Functions: HR, Finance, Legal, Research, CASSIP categories. Advisor will also be responsible for building relationships with key stakeholders, managing escalations independently, understanding Business pipeline and forecast and providing a strategic plan for streamlining vendors while becoming a Subject Matter Expert for the appointed category.
Advisor is responsible for participating in and supporting the design and implementation of strategic sourcing activities (RFPs, RFIs, Market Scans, Category Management) for appointed category; participating in the strategic sourcing process by partnering with Business stakeholders to define specifications and requirements, leading, conducting internal and external data & pricing analysis, and providing recommendations based on analysis. Advisor should be able to independently analyze Industry Markets And assess risk, gather intelligence on fundamental conditions, and technical Information that affects the category. Advisor will also be responsible for contract negotiations, pricing negotiations, contract compliance, vendor management, and stakeholder management.
Advisors are expected to have excellent project management and time efficiency skills as they will be managing several sourcing projects and contracts at a given time along with multiple vendors and internal stakeholders. Advisor should be able to identify and develop cost reduction opportunities while maximizing benefit to the business.
Advisor should be comfortable speaking and delivering presentations to internal business teams for RFx’s as well as having excellent business acumen.
As an Advisor you will gain a vast knowledge of the inner workings and operations for one of the largest healthcare plans in North America. Successful candidates should have a strong desire of learning about the healthcare industry.
Required Job Qualifications:
Bachelor's degree in Supply Chain, Business or Finance, or 4 years of relevant experience
Demonstrated thought leadership
Ability to build strategic relationship with senior-level colleagues
Experience with conducting wide-ranging research.
Analytical skills to support and enhance procurement strategy and goals.
Ability to function in ambiguous and/or time-sensitive situations.
Clear, concise, and confident interpersonal, verbal and written communication skills.
Knowledge and skills to participate and be effective in contract negotiations with industry suppliers.
Strong multitasking capabilities
Knowledge of strategic sourcing principles.
Experience in project management and contract negotiation.
Experience developing presentations and presenting to management and other internal groups.
Effective Negotiating skills to reduce supplier base and to negotiate beneficial contracts
Clear, concise, and confident interpersonal, verbal and written communication skills.
Effective, proven negotiation skills, experience rationalizing supplier base and negotiating beneficial contracts.
Knowledge of strategic sourcing best practices
PC proficiency to include Word, Excel, PowerPoint
Preferred Job Qualifications:
3-6 years of experience in a relevant area (procurement, supply chain, or finance)
Knowledge of Business Process Outsourcing
Knowledge of Insurance industry
Knowledge of Category Management
Bachelors degree in Supply Chain Management
Experience in a procurement function, including with contract management activities
Strong relationship management capabilities with internal and external stakeholders
Strong Drive and interpersonal skills to manage multiple escalations internally/externally
