Sourcing Executive

Posted 17 Hours Ago
Be an Early Applicant
75062, Irving, TX
77K-128K Annually
Junior
Analytics • Consulting
The Role
The Sourcing Executive will focus on strategic sourcing processes to reduce costs and improve operational efficiencies. Responsibilities include contract strategy development, negotiations, market analysis, and maintaining relationships with manufacturers. The role requires interpreting financial data to make strategy recommendations and communicate insights to leadership.
Summary Generated by Built In

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 be a strategic sourcing resource, dedicated to delivering best in class contracting strategies and expertise that result in supply chain cost reductions. You will accomplish this by contributing in all aspects of supply chain strategic sourcing processes including opportunity identification, strategy building, contract development, negotiations, documentation, and implementation. You develop a customer-specific contract strategy to reduce spending, improve operational efficiencies, maximize delivered value and ultimately achieve a higher level of member satisfaction by becoming a trusted advisor.

 Responsibilities:

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

  • Recommend strategy improvements utilizing financial analysis and market data.

  • Communicate successes, opportunities for improvements and challenges to leadership and key hospital stakeholders.

  • Negotiate and work with hospitals on specific terms and conditions while maintaining best pricing.

  • Develop project plans to meet savings goals.

  • Conduct ongoing price monitoring and contract maintenance to insure relevant pricing. 

  • Maintain strong business relationships with manufacturers across all product lines.

Qualifications:

  • Bachelor's degree, either in business or healthcare related field preferred; MBA, a plus.

  • 2 years minimum experience in marketing, sales or contract management required.

  • Strong healthcare contracting background is preferred with a focus on successful contract negotiations.

  • Strong relationship building and strategic partnering skills.

  • Ability to understand and conduct financial analysis and quantitative/qualitative assessment of data.

  • Willingness to travel.

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 $77,400.00 to $127,600.00.

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.

The Company
HQ: Irving, TX
5,661 Employees
On-site Workplace
Year Founded: 1977

What We Do

Vizient, Inc., the nation’s largest health care performance improvement company, serves more than 50% of the nation’s acute care providers, which includes 97% of the nation’s academic medical centers, and more than 20% of ambulatory care providers. Vizient provides expertise, analytics and advisory services, as well as a contract portfolio that represents more than $130 billion in annual purchasing volume.

Vizient is based in Dallas and has offices in 20 metropolitan areas across the United States. We have 4,000 employees with a breadth of expertise, experience and compassion, who are eager to develop and implement solutions that advance health care for the greater good.

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