The Sourcing Manager is responsible for leading the organization’s procurement and sourcing strategy for specific categories within the products and purchased services categories. Categories include but are not limited to EVS, HR, IT, Radiology/Lab, Medical/Surgical, Food Service etc. This individual is responsible for managing their category end-to-end sourcing process. This includes pricing, contracting, implementation and conversion. This includes developing processes, improving communications to key stakeholders, teams, facilities, and vendors. lead the evaluation, selection, and negotiation of key purchased services and facilities contract terms
- Can have experience in any of the following categories: Radiology / Lab, Medical / Surgical, Food Service, Environmental Services, HR, IT.
- Prior Healthcare Industry Experience is required.
Roles and Responsibilities:
- Utilizes existing contracts to understand key renewals, pricing escalators, and exit strategies of existing vendors.
- Consolidates pricing and contracts through new sourcing strategy.
- Manage renewal periods that may include RFx, Letters of Intent, New SOW, or SLA for ongoing vendor negotiation.
- Develops negotiation strategy to drive the best value for the organization through lower cost, improved quality, increased service levels, or other value strategies.
- Identifies cost savings opportunities through supplier consolidation, supplier conversion, or service enhancement.
- Tracks and manages existing vendor contract expiration dates to ensure ongoing contracts meet current compliance standards.
- Develops and supports the overall vision, strategy, and execution plan for the CAPEX Sourcing function.
- Designs and directs continuous improvement of processes, procedures, and templates including participating in and leading certain aspects of enterprise procure-to-pay technology implementations.
- Conducts meetings with key suppliers and internal stakeholders to improve processes and reporting tools.
- Manages budget of Procurement team and supports key leaders with budget reviews as necessary.
- Assists the Outpatient Services team on standardization of clinic openings, including FF&E and other equipment.
Education/Experience/Skill Requirements:
- Bachelor’s degree in business management, Accounting, Finance, or relevant degree required.
- Minimum of 3 years of experience managing various RFx processes and negotiating product and service agreements required. Accounting experience for supply chain operations, complex contracts, revenue recognition, and facility operations preferred.
- Previous healthcare experience preferred.
- In depth knowledge of legal terminology and language related to supplier and/or vendor agreements.
- Knowledge of healthcare purchased services category.
- Demonstrated critical thinking ability and experience in understanding or interpreting standard business terms, identification of risk, and development of negotiating/risk mitigation strategies for client and supplier contracts.
