Senior Sourcing Executive - Purchased Services/Indirect

Posted:
12/11/2024, 5:05:51 AM

Location(s):
Columbus, Ohio, United States ⋅ Ohio, United States

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Finance & Banking

Workplace Type:
Hybrid

When you’re the best, we’re the best. We instill an environment where employees feel engaged, satisfied and able to contribute their unique skills and talents while living and working as their authentic selves. We provide extensive opportunities for personal and professional development, building both employee competence and organizational capability to fuel exceptional performance through an inclusive environment both now and in the future.

Summary:

In this role, you will provide strategic contracting and sourcing expertise in the Purchased Services/Indirect Spend healthcare space that results in system-wide cost savings. You will develop customized contract strategy recommendations for more complex contracting needs to reduce spend, improve operational efficiencies, maximize delivered value and ultimately achieve a higher level of member satisfaction.  This dedicated sourcing position supports OhioHealth.

Responsibilities:

  • Effectively work with the Custom Sourcing Solutions team and member Purchased Services/Indirect teams to provide contracting responsibilities that drive member value.

  • Possess excellent knowledge of the negotiation process for both price and terms for purchases.

  • Work independently with legal team to develop language, draft contracts, and negotiate terms and conditions of complex contracts.

  • Manage requests for proposal (RFP), bids, awards, and negotiations. 

  • Recommend and improve existing agreements by interpreting financial analysis and market trends to formulate contract strategy recommendations.

  • Evaluate client spend data to prioritize implementation of contracts based on highest savings opportunities and present a plan of priority to clients.

  • Ensure contract compliance and conduct ongoing price monitoring to ensure relevant pricing.

  • Create short/long term category strategy and present to all levels of the organization including senior leadership.

  • Develop and ensure appropriate timelines are followed to meet necessary deadlines based on workflow system/bid calendar.

  • Build and maintain strong business relationships with internal and external stakeholders.

Qualifications:

  • Relevant degree preferred. Advanced degree a plus.

  • 5 or more years of relevant experience required.

  • Extensive experience in contract strategy development, negotiation, and redlining is required.

  • Experience in Purchased Services/Indirect contracting within a healthcare environment preferred. Experience specifically with IT contracting is a plus.

  • Ability to present complex information in a summary fashion utilizing Microsoft tools.

  • Must possess strong relationship building and strategic partnering skills.

  • Prior experience understanding and conducting financial analysis and quantitative/qualitative assessment of data desired.

  • Must reside within commuting distance to Columbus, Ohio.  This is a hybrid position anticipating two days/week onsite.

Estimated Hiring Range:

At Vizient, we consider skills, experience, and organizational needs in our compensation approach. Geographic factors may adjust the range estimate and hires typically fall below the top range. Compensation decisions are tailored to individual circumstances. The current salary range for this role is $88,900.00 to $146,700.00.

This position is also incentive eligible.

Vizient has a comprehensive benefits plan! Please view our benefits here:

http://www.vizientinc.com/about-us/careers

Equal Opportunity Employer:   Females/Minorities/Veterans/Individuals with Disabilities

The Company is committed to equal employment opportunity to all employees and applicants without regard to race, religion, color, gender identity, ethnicity, age, national origin, sexual orientation, disability status, veteran status or any other category protected by applicable law.