Job Summary:
The Strategic Sourcing Specialist supports the corporate strategic sourcing and vendor relations function and associated processes to ensure the company is strategically sourcing materials, equipment, and services with the highest level of quality and in the most cost effective manner.
Essential Functions:
- Triage purchasing requests to ensure timely and appropriate engagement
- Research internal customer needs and identify the best contracted vendor to provide products and/ or services
- Facilitate Request for Quote (RFQ) activities for new and existing products and/ or services
- Assist with the monitoring of contractual relationships to ensure that CareSource receives the highest quality of products and contracted services
- Establish and maintain partnerships with internal customers and vendors for maximum value and policy compliance
- Collaborate with legal to ensure contracts follow the contract review and approval process per company policy
- Analyze vendor contracts and recommend appropriate changes
- Negotiate contracts with vendors for favorable, terms, services, and quality that comply with industry regulations
- Monitor active contracts expiring term report to assist with renewals
- Assist with annual review of all active contracts to ensure security, regulatory, and legal language are up to date
- Perform any other job duties and projects as requested
Education and Experience:
- Bachelor of Science/Arts degree in business administration, procurement or related field or equivalent work experience is required
- Minimum of two (2) years of experience in strategic sourcing/purchasing/procurement is required
- Previous experience in a healthcare environment is preferred
Competencies, Knowledge and Skills:
- Intermediate proficiency level with Microsoft Office
- Ability to make decisions and work independently
- Strong vendor relations and negotiation skills
- Ability to develop strategic vendor partnerships with select vendors that ensure increased value and long-term benefit to the organization
- Effective verbal and written communication skills
- Effective organizational skills
- Effective customer service skills
- Working knowledge of the application of strategic sourcing principles including; spend analysis, concept and strategy development, market analysis and research, requirements definition, Statement of Work (SOW) development, Request for Proposal (RFP) development and management, vendor negotiations, contract development, vendor onboarding and management, and contract management
Licensure and Certification:
- Certified Purchasing Manager (CPM) or equivalent certification is preferred
Working Conditions:
- General office environment; may be required to sit or stand for extended periods of time
Compensation Range:
$53,400.00 - $85,600.00CareSource takes into consideration a combination of a candidate’s education, training, and experience as well as the position’s scope and complexity, the discretion and latitude required for the role, and other external and internal data when establishing a salary level. In addition to base compensation, you may qualify for a bonus tied to company and individual performance. We are highly invested in every employee’s total well-being and offer a substantial and comprehensive total rewards package.
Compensation Type (hourly/salary):
SalaryOrganization Level Competencies
Fostering a Collaborative Workplace Culture
Cultivate Partnerships
Develop Self and Others
Drive Execution
Influence Others
Pursue Personal Excellence
Understand the Business
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What We Do
Health Care with Heart. It is more than a tagline; it’s how we do business. CareSource has been providing life-changing health care to people and communities for nearly 30 years and we will continue to be a transformative force in the industry by placing people over profits.
CareSource is and will always be members first. Even as we grow, we remember the reason we are here – to make a difference in our members’ lives by improving their health and well-being. Today, CareSource offers a lifetime of health coverage to nearly 2 million members through plan offerings including Marketplace, Medicare Advantage and Medicaid. With our team of 4,000 employees located across the country, we continue to clear a path to better life for our members. Visit the "Life" section to see how we are living our mission in the states we serve.
CareSource is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, age, national origin, disability, sexual orientation, gender identity, genetic information, protected veteran status or any other characteristic protected by applicable federal, state or local law. If you’d like more information about your EEO rights as an applicant under the law, please click here: https://www.eeoc.gov/employers/upload/poster_screen_reader_optimized.pdf and here: https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf
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