Sourcing Executive

Reposted 7 Days Ago
Be an Early Applicant
55905, Rochester, MN, USA
In-Office
77K-135K Annually
Junior
Analytics • Consulting
The Role
The Sourcing Executive will drive supply chain cost reductions through strategic sourcing by developing contract strategies, conducting negotiations, and maintaining relationships with vendors. This role requires strong analytical and communication skills to enhance operational efficiencies and achieve member satisfaction.
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.  This position will support the Capital/Purchased Services/IT/Lab portfolio for Mayo Clinic. 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 will 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. 

The ideal candidate will live in the Minneapolis, MN or Rochester, MN areas.

 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 ensure relevant pricing. 

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

Qualifications:

  • Relevant degree preferred, either in business or healthcare related field. MBA and/or JD, a plus.

  • 2 or more years in marketing, supply chain or contract management required.

  • Strong supply chain and/or healthcare provider background is preferred.

  • Healthcare contracting experience preferred.​

  • Strong relationship building and strategic partnering skills.

  • Strong Communication and Customer Service skills required.

  • 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 $135,400.00.

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.

Skills Required

  • Relevant degree in business or healthcare
  • 2 or more years in marketing, supply chain, or contract management
  • Strong supply chain or healthcare provider background
  • Healthcare contracting experience
  • Strong relationship building and strategic partnering skills
  • Strong Communication and Customer Service skills
  • Ability to conduct financial analysis and assess data
  • Willingness to travel

Vizient Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Vizient and has not been reviewed or approved by Vizient.

  • Leave & Time Off Breadth Time off allowances are generous, with ample PTO and holidays available from day one. Separate paid volunteer days add additional protected time away.
  • Flexible Benefits Flexibility to work from anywhere for part of the year and hybrid options support work-life balance. Policies enabling remote periods complement the broader PTO structure.
  • Retirement Support Retirement benefits include a competitive 401(k) company match alongside HSA contributions on eligible plans. These elements strengthen long-term financial security within the total rewards package.

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The Company
HQ: Irving, TX
5,661 Employees
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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