Job Summary:
The Sourcing Manager II implements 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:
- Working closely with executive leadership, business owners, and staff throughout the organization to ensure that new requirements are sourced in a timely manner and that existing contractual relationships are closely monitored and managed to ensure that CareSource receives the highest quality of products and contracted services
- Conduct market research and analysis to identify areas of opportunity for the organization and ensure that current vendors are providing innovative solutions within their specific lines of business
- In partnership with business owners, identify opportunities for consolidation or bundling of certain organization-wide requirements to help drive standardization and more cost effective and efficient operations
- Assume lead negotiator role coordinating and directing the negotiation process and tactics with outside suppliers, legal counsel, and business managers
- Establish and maintain partnerships with internal customers and suppliers 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
- Manage and improve supplier diversity within our vendor base and support local economic development programs
- Research internal customer needs and identify the best supplier to provide corporate services
- Develop and implement corporate policies and procedures to guide the entire sourcing and vendor relations process
- Support business owners with the completion of an Investment Proposal (IP), Return on Investment (ROI), or other financial analysis as required to support new initiatives. In conjunction with Finance, monitor vendor performance versus ROI assumptions identified in the IP
- Minimize financial risks to CareSource
- Confer with Treasury regarding capital expenditures by conducting lease versus purchase analyses and recommendations
- Perform prospective vendor assessments including financial stability and customer reference checks
- Lead process improvement initiatives within the department
- Assess vendor contract performance by regularly reviewing contract and vendor performance to assess effectiveness, efficiency and quality
- Onboard of newly selected vendors according to established guidelines
- Adhere to vendor conflict of interest and gift policies
- Perform any other job related instructions, as requested
Education and Experience:
- Bachelor’s degree in business management or related discipline or equivalent years of relevant work experience required
- Over five (5) years of related strategic sourcing, vendor relations and negotiation experience is required
- Experienced in the sourcing of numerous product lines including; commodities in support of business operations such as furniture and office supplies, printing services, IT hardware and software, and purchased services in support of medical and operational requirements is preferred
Competencies, Knowledge and Skills:
- Strong Microsoft Office skills
- Experienced with automated purchase order system and maintenance
- Knowledge of computers and the equipment involved with upgrades, part orders, etc.
- Ability to make decisions and work independently
- Self-starter and ability to lead large, multi-disciplinary teams
- Knowledge of federal, state and URAC/NCQA guidelines
- Must have a thorough understanding of the application of strategic sourcing principles including; spend analysis, concept and strategy development, market analysis and research, requirements definition, Statement of Work (SOW) development, Request for Proposal (RFP) development and management, vendor negotiations, contract development, vendor onboarding and management, and contract management
- Strong vendor relations and negotiation skills are required to ensure that CareSource receives the overall best value and that contract requirements are met on a continuous basis
- Ability to develop strategic vendor partnerships with select vendors that ensure increased value and long-term benefit to the organization. Excellent customer service skills to effectively communicate with internal and external customers
- Excellent verbal and written communication skills
- Ability to interact with both internal and external customers and interface with multiple levels within the Company
- Excellent organizational skills to manage vendor and contract base
- Familiarity with the healthcare industry
- E-based process improvement techniques, training/teaching skills
- Decision making/problem solving skills
Licensure and Certification:
- Institute of Supply Management (ISM):
- Certified Professional in Supply Management (CPSM) is preferred
- Certified Purchasing Manager (CPM) is preferred
Working Conditions:
- General office environment; may be required to sit or stand for extended periods of time
Compensation Range:
$69,400.00 - $111,000.00
CareSource takes into consideration a combination of a candidate’s education, training, and experience as well as the position’s scope and complexity, the discretion and latitude required for the role, and other external and internal data when establishing a salary level. We are highly invested in every employee’s total well-being and offer a substantial and comprehensive total rewards package.
Compensation Type (hourly/salary):
Salary
Organization Level Competencies
This job description is not all inclusive. CareSource reserves the right to amend this job description at any time. CareSource is an Equal Opportunity Employer, including disability and veteran status. We are committed to a diverse and inclusive work environment.