Strategic Sourcing Analyst
Employment Information
Report this job
Job expired or something wrong with this job?
Job Description
Strategic Sourcing Analyst supporting sourcing best practices and cost-saving opportunities across enterprise in healthcare. Collaborating with teams, negotiating contracts, and ensuring compliance.
Responsibilities:
- Supports strategic sourcing best practices for enterprise across assigned categories
- Supports sourcing strategies such as analyzing market fundamentals, industry data, price benchmarks, cost drivers and trends, key cost variances, and economic forecasting in assigned categories
- Categorizes and analyzes spend categories and assesses market and sourcing options to prioritize areas for maximizing value and cost synergies
- Assist with the end-to-end sourcing process, including supplier identification, qualification, selection, negotiation, and contracting
- Ensure compliance with relevant policies, procedures, and regulations
- Assist in strategies to bring non-contracted products and services under contract, assuring best contract coverage for assigned categories
- Consults with Legal on contractual issues concerning proper legal terms and conditions
- Ensuring all other relevant departments’ evaluations of contracts are triggered (IT, Data Security, etc.) which can vary by contract type
- Supports cost-saving opportunities through comprehensive analysis of utilization, pricing, and contracting
- Aids in cost containment strategies, such as standardization, utilization controls, and value-based purchasing
- Assists in the attainment of maximum savings in total delivered cost of supplies, pharmaceuticals, services, and equipment in assigned categories
- Aid in monitoring supplier performance
- Collaborate with cross-functional teams to address supplier-related issues and ensure timely resolution
- Work closely with sourcing leaders and other relevant stakeholders to understand their needs and priorities
- Collaborate with sourcing leadership to ensure the seamless integration of value analysis
- Assist in production of metrics and performance indicators to measure the impact of strategic sourcing initiatives on cost savings, quality improvement, and patient outcomes
- Assist in analyzing data to identify trends, monitor progress, and generate actionable insights
- Prepare regular reports and presentations for leadership, highlighting key findings, achievements, and recommendations
- Stay updated on industry trends, emerging technologies, and best practices
- Supports a culture of continuous improvement, leveraging data analytics, technology tools, and industry collaborations to enhance the strategic sourcing process and drive ongoing improvement in patient care delivery
- Supports risk mitigation associated with the sourcing process, including supply chain disruptions, quality issues, regulatory compliance, and geopolitical factors related to assigned categories
- Aids in contingency plans to minimize potential impact on the organization
- Assists in developing Requests for Proposal (RFP), Request for Information (RFI), and Invitations for Bid (IFB) in accordance with directives and program requirements
- Ensures contracting process engages end-users to define service and product attributes through facilitated pre-contracting initiatives
- Supports a rolling three-year plan for supplies, implants, pharmaceuticals, purchased services and capital categories as assigned
Requirements:
- Bachelor’s Degree in Supply Chain, Business or related field preferred
- Typically requires 2 years of demonstrated work experience in healthcare supply chain/procurement.
- Knowledge in system-wide purchasing strategies, processes, and programs which support a service focused, cost effective, and centralized model
- Demonstrated successful contract negotiation skills and ability to establish and administer complex contracts for products and services
- Sound knowledge of inventory management and related accounting processes
- Interchange and internet-based procurement transaction processes knowledge with exposure to broader issues such as Continuous Replenishment Processes or Vendor Managed Inventories
- Skills developing strategic and tactical plans to meet business objectives in a large healthcare system
- Knowledge of contract law and related legal and financial policies
- Basic knowledge of analytical/mathematical/statistical methods, data analysis and presentation
- Excellent communication skills necessary to communicate effectively with senior administrators, department leaders, physicians, vendors, and clinical staff to support Advocate Health’s acquisition goals
- Knowledge of healthcare accreditation standards (i.e., DNV, JCAHO), Occupational Safety and Health Administration, and National Fire Protection Organization requirements
- Excellent analytical, quantitative, and qualitative skills.
- Ability to identify and solve problems creatively.
Benefits:
- Paid Time Off programs
- Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability
- Flexible Spending Accounts for eligible health care and dependent care expenses
- Family benefits such as adoption assistance and paid parental leave
- Defined contribution retirement plans with employer match and other financial wellness programs
- Educational Assistance Program
Similar Jobs
Category Manager – Construction Services
Category Manager for Construction Services at Fluidstack, leading contract management and collaboration for Data Center projects. Engage with stakeholders to maximize contract value and ensure compliance.
Senior Manager, Procurement
Senior Manager Procurement defining and driving procurement strategy at OLIPOP. Collaborating across teams to ensure supply continuity and cost optimization.
Senior Category Manager – Capital and Medical Equipment
Senior Category Manager at City of Hope developing sourcing strategies for capital and medical equipment. Driving supplier performance and alignment with a focus on cost and quality.
Mechanical Procurement Coordinator
Mechanical Procurement Coordinator at Moss implementing procurement strategy for project materials. Ensuring timely availability and cost efficiency of materials in construction projects.
Manager, Procurement
Manager of Procurement leading a team of buyers and overseeing procurement operations for the American Cancer Society. This remote role focuses on optimizing procurement processes and driving quality and results.
Contract Management Technician
Contract Management Technician providing contract management support for Ensemble's healthcare revenue cycle solutions. Focus on contract loading, validation, and client inquiries in a remote role.
Category Manager
Category Manager at City of Hope managing strategic sourcing and supplier negotiations. Leading category management and fostering supplier collaboration in a cancer research environment.
Purchasing Analyst
Purchasing Analyst managing imports and inventory for Olympus, ensuring accurate documentation and logistics for international shipments. Collaborating with stakeholders to optimize order fulfillment and inventory management.
Donor Procurement Coordinator – Abdominal Transplant
Donor Procurement Coordinator facilitating organ recovery and transplants for Cleveland Clinic. Working remotely and ensuring compliance with OPTN/UNOS requirements while coordinating donor activities.
Resume Sourcing Specialist
Part-Time Resume Sourcing Specialist at Ariel Partners sourcing candidates for IT roles. Involves maintaining candidate databases and collaborating with the recruitment team.
Contracts & Procurement Manager
Contracts & Procurement Manager performing procurement and contract administration for U.S. Government contracts and ensuring compliance with policies and federal regulations.
Procurement Associate
Procurement Associate overseeing vendor accounts in the Corporate Services Team at a women-owned destination management company. Ideal for relationship-driven professionals seeking growth opportunities.
Global Sourcing Manager
Global Sourcing Manager managing supplier relationships and procurement executing sourcing strategies for advanced battery technologies. Overseeing multiple commodity categories and ensuring operational readiness for production builds.
Procurement Project Lead
Procurement Project Lead overseeing procurement needs for Valtech. Responsible for transformation and best practices in the Supplier Management department.
HVAC and Plumbing Purchasing Coordinator
Purchasing Coordinator supporting HVAC and plumbing operations in a fast-paced environment. Managing material requests, vendor relations, and purchasing processes for multiple locations.
Senior Director, Procurement and Strategic Sourcing
Senior Director of Procurement leading a team to drive Juniper Square's AI-first sourcing strategy. Collaborating with cross-functional teams to enhance procurement processes and vendor management.
HVAC and Plumbing Purchasing Coordinator
Purchasing Coordinator at T3 Services Group managing procurement requests and vendor interactions. Supporting multiple locations and ensuring timely deliveries in a fast-paced environment.
Procurement Specialist
Procurement Specialist managing vendor sourcing, negotiation, and contract coordination for YMCA. Ensuring cost-effective vendor relationships aligned with organizational priorities.
Senior Consultant, SAP Procurement / SAP Ariba (German-speaking)
Senior Consultant in SAP Procurement supporting clients in digitalization and strategizing SAP technologies. Leading projects for continuous improvement in purchasing processes.
Donor Procurement Coordinator
Donor Procurement Coordinator for Cleveland Clinic coordinating all organ procurement activities remotely. This role serves as a vital contact for potential organ offers, transportation coordination, and compliance documentation.