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 Client 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-related duties as requested.
Education and Experience
- Bachelor's degree in business administration, procurement or related field required
- Equivalent years of relevant work experience may be accepted in lieu of required education
- Two (2) years of experience in strategic sourcing/purchasing/procurement required
- Previous experience in a healthcare environment 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 stra