Sourcing Lead Consultant

Posted 4 Days Ago
Be an Early Applicant
3 Locations
In-Office
113K-153K Annually
Senior level
Insurance
The Role
Lead strategic sourcing initiatives including RFx development, supplier selection, negotiations, and contract execution. Develop category strategies, manage cross-functional projects, deliver cost reduction and risk mitigation insights, and build strategic supplier partnerships to optimize value and performance.
Summary Generated by Built In
The role is responsible for developing, managing, implementing, and leading strategic sourcing opportunities to improve the organization's overall financial position. This role actively contributes to the execution of procurement and sourcing strategies through negotiating complex contractual agreements, category management, key stakeholder management, supplier management, and demonstrated expertise in managing cross-functional projects. The role leverages market intelligence and industry knowledge to lead major initiatives and RFx processes, working closely with internal and external stakeholders to identify critical business requirements and manage the status of all sourcing activities. It provides stakeholders with insights on mitigating risk, forecasting demand, and optimizing value within the sourcing process, market options, and available solutions versus business objectives. Additionally, it may be responsible for creating and managing diverse strategic supplier partnerships that drive enterprise value with innovation, best cost, and competitive advantages.

Manage and grow assigned categories through new agreements, contract enhancements, and utilization Engage with stakeholders to optimize supplier selection and drive cost reduction initiatives Lead major projects including RFx development, bid process oversight, negotiations, and contract execution Collaborate with business stakeholders to implement sourcing strategies and enhance contract performance Plan and communicate project status to maintain stakeholder relationships and identify strategic opportunities Develop comprehensive category strategies and stay informed about industry trends and emerging technologies

The posting range for this position is:

113,007.88 - 152,825.99

Qualifications:
Education

  • Preferred Bachelor's Degree in supply chain management, Finance, Economics, or Business Administration; or equivalent work experience

Experience

  • Required 7+ Years in Supply Chain, Sourcing, Procurement, Vendor Management, or related functions
  • Experience negotiating and managing sourcing agreements.
  • Experience developing and executing sourcing strategies.
  • Experience managing US government procurements in healthcare industry. (preferred)

Knowledge Skills and Abilities

  • Ability to work independently and in a team-oriented, collaborative environment.
  • Comprehensive knowledge of procurement/sourcing policies and regulations.
  • Effective negotiation and influencing skills across various categories.
  • Familiarity with contract lifecycle management and external sourcing/acquisition requirements.
  • Technical competence with P2P and contract management software applications.
  • Ability to prioritize and execute tasks in ambiguous and time-sensitive environments.
  • Effective relationship management skills: ability to build and collaborate with internal and external stakeholders.
  • Concise and confident written and verbal communication skills.
  • Ability to manage multiple simultaneous projects requiring frequent communication and problem-solving skills.
  • Ability to acquire, organize, and synthesize financial data to identify key findings.

Certifications & Licenses

  • Preferred: Certified Professional in Supply Management (CPSM) - ISM
  •  

The posted salary range is the lowest to highest salary we, in good faith, believe we would pay for this role at the time of this postingWe may ultimately pay more or less than the hiring range and this hiring range may also be modified in the future. A candidate’s position within the hiring range may be based on several factors including, but not limited to, specific competencies, relevant education, qualifications, certifications, relevant experience, skills, seniority, performance, shift, travel requirements, and business or organizational needs. This job is also eligible for annual bonus incentive pay. 

We offer a comprehensive package of benefits including paid time off, 11 holidays, medical/dental/vision insurance, generous 401(k) matching, lifestyle spending account and many other benefits to eligible employees. 

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law. 

 

Skills Required

  • 7+ years in Supply Chain, Sourcing, Procurement, Vendor Management, or related functions
  • Experience negotiating and managing sourcing agreements
  • Experience developing and executing sourcing strategies
  • Experience managing US government procurements in healthcare industry
  • Bachelor's degree in supply chain management, Finance, Economics, or Business Administration or equivalent work experience
  • Comprehensive knowledge of procurement/sourcing policies and regulations
  • Effective negotiation and influencing skills across various categories
  • Familiarity with contract lifecycle management and external sourcing/acquisition requirements
  • Technical competence with P2P and contract management software applications
  • Ability to prioritize and execute tasks in ambiguous and time-sensitive environments
  • Effective relationship management skills with internal and external stakeholders
  • Concise and confident written and verbal communication skills
  • Ability to manage multiple simultaneous projects requiring frequent communication and problem-solving
  • Ability to acquire, organize, and synthesize financial data to identify key findings
  • Certified Professional in Supply Management (CPSM) - ISM
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The Company
HQ: Chicago, IL
3,161 Employees
Year Founded: 1910

What We Do

Blue Cross Blue Shield Association is a national federation of 34 independent, community-based and locally operated Blue Cross and Blue Shield companies that collectively provide health care coverage for one in three Americans. BCBSA provides health care insights through The Health of America Report series and the national BCBS Health Index.

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