This strategic sourcing specialist role focuses on providing full-service enterprise strategic sourcing and vendor management, driving operational efficiency, and supporting strategic enterprise initiatives. The position manages relationships with team members and ensures the best value is achieved through the strategic sourcing process.
Responsibilities
Execute on organizational goals and strategic plans for the PVMS Department
Lead the execution of initiatives for the PVMS department that support the strategic sourcing goals of the organization
Manage the ongoing planning and monitoring of department projects focused on efficiency, innovation, risk reduction, and cost savings
Plan and execute strategic sourcing, contract negotiations, and vendor management activities and operations in compliance with corporate policies, applicable law, and effective cost management principles
Foster collaborative relationships with internal stakeholders involved in procurement programs
Foster effective procurement infrastructure and lead continuous improvement to ensure alignment with company initiatives
Develop an understanding of the needs of assigned business stakeholders to generate creative solutions and persuasive arguments that deliver effective and timely procurement results
Assist in the development and maintenance of policies, procedures, tools, and guidelines for the company
Train and convey value of RFx sourcing and contract negotiation to team members and stakeholders to ensure standards for purchasing are met
Understand developing trends in the market through analysis and recommend continuous improvement processes/tools based to achieve targeted metrics for strategic sourcing, contract negotiation, and vendor management success
Leverage data to engage and educate vendors and internal customers in the policies, tools, processes, and benefits of effective procurement partnerships
Prepare market analysis or data related to procurement, contracts, and vendor management as necessary
Design and manage complex data sets and contract negotiation strategies
Perform complex procurement efforts and research necessary to implement cost savings initiatives for assigned commodities via development of category strategies reflecting market conditions
Use logic and considerable independent judgment to analyze information and evaluate solutions, conclusions, or approaches to execute negotiation strategies and tactics that will enhance company’s negotiation position and outcomes
Develop reporting metrics tracking and management, create presentations of information and statistics on procurement operations
Manage procurement vendor communications and relationships
Manage relationships with current and prospective vendors and other external constituencies involved in strategic sourcing efforts
Millions of jobs, with real people getting hired every day
200,000+
New jobs added daily
7,000,000+
Verified job listings
1,000,000+
Tailored applications submitted
Perform outreach to identify and foster potential relationships with diversity vendors
Demonstrate versatility in a constantly evolving environment
Serve as trusted advisor; use influence to generate favorable positions and strategies for contract negotiations
Provide recommendations to leaders on vendors, best practices, negotiations, and other aspects of procurement based on assigned categories
Facilitate alignment and effective communication with internal and external stakeholders to drive optimal outcomes for the company
Mentor new team members within the PVMS Department
Provide strategic sourcing and contract negotiation mentorship and guidance to team members
Contribute to the performance management of the team directing discrete tasks
Act as a resource for team members to answer questions and provide guidance related to complex problems
Ensure data quality, adherence to IT and compliance policies, and other risk-related metrics for self and guide other members of the team on these items
Requirements
Bachelor's degree in Business, Economics, or related field, or equivalent combination of education and experience
7+ years of related experience in procurement, contracting, and strategic sourcing processes for several commodity areas
3+ years of experience in a role with complex vendor contract negotiations
Experience managing the full life cycle of commodity procurement with sophisticated negotiating techniques
Experience in contracts negotiation across a variety of commodity categories
3+ years of experience in complex SaaS technology or cloud procurement
Strong knowledge of strategic sourcing and procurement principles and techniques
Experience effectively consulting with others, facilitating, and presenting technical information and demonstrated ability to influence others
Demonstrated experience with sophisticated negotiating techniques and developing solutions to issues in a timely manner
Demonstrated ability to leverage and continuously improve analytics, reporting, and procurement processes using Coupa or comparable tools in support of strategic sourcing and continuous improvement initiatives
Able to effectively facilitate meetings and create presentations
Excellent interpersonal and communication skills
Must be able to read, write, and speak English effectively
Advanced proficiency with Microsoft Office applications including MS Power BI, Word, Visio, Excel, Project, and PowerPoint
Ability to respond to common inquiries or complaints from customers or vendors
Ability to accept new ideas and embrace change
Demonstrated organizational and time management skills
Capable of coordinating and organizing input from various channels, performing negotiation, resolving conflicts, and building consensus at all levels of the organization
Experience working with cross-functional teams and presenting to various audiences
Ability to read, analyze, and interpret common procurement related technical journals, financial reports, and/or legal documents
Ability to hypothesize on root cause of inefficiencies and then test out probable solutions against those hypotheses
Expertise in drafting, negotiating, and managing contracts for IT and information security categories
Understanding software licensing and the various software procurement models
Working knowledge of service level agreements and other key metrics of software agreements
Nice to have:
Insurance industry experience
Experience with analytics and reporting, including proficiency with Coupa or similar procurement and sourcing platforms, to support sourcing, reporting, contracting, and procurement activities
