Sourcing and Contract Manager

Job Summary

The Sourcing and Contracts Manager handles sourcing, contracting, and supplier management for assigned products or services. This role is key in executing commodity strategies for various spending categories. It is a focal point for the business and Supply Chain areas.

Essential Functions of the Role

• Drafts, negotiates, and executes contracts for assigned categories.
• Compares these categories to industry trends and market standards.
• Engages with end-users and Commodities Directors to understand market pressures and impacts on internal contracts.
• Ensures savings goals and targets are met for their categories.
• Provides ongoing help for requests for non-strategic products or services as required by the business.
• Drives performance to achieve yearly cost reductions by standardizing products and seeking the best commodity or service costs.
• Participates in and/or manages Request for Proposals (RFPs) for new or existing products and services.
• Safeguards pricing accuracy and completeness in the system.
• Ensures accuracy and completeness of contract information in the source-to-settle system.
• Collaborates with sourcing, business, and legal teams on contract negotiations, rights, obligations, and RFPs.
• Creates agreements to acquire products and services needed for business operations and growth.
• Ensures agreements meet the needs of both the organization and the supplier.
• Serves as a key internal interface with the Sourcing and Contracts Manager.
• This includes Finance, Accounting, Revenue Cycle, business stakeholders, Supply Chain operations, Logistics, Legal, Risk Management, Compliance, and Enterprise Security.
• Reviews supplier requests to change terms and conditions.
• Affords risk assessment and provides recommendations to protect the organization's interests.
• Addresses supplier questions and resolves or escalates disputes when appropriate.
• Affords contracting language revisions and redlines to help internal risk structure.
• Positions and negotiates with suppliers.
• Ensures contracts are up-to-date with necessary terms.
• Complies with internal compliance, risks, and legal requirements.
• Evaluates the best delivery and logistics options for products.
• Engages with internal stakeholders and suppliers to determine these options.
• Maintains monitoring of market information, benchmarking, product introduction and other drives that impact comparative position of contracts.

Key Success Factors

• Speak technical and legal jargon.
• Explain complex contractual issues simply and clearly so people can understand.
• Exceptional verbal and written communication skills with the ability to influence all levels of the organization.
• Negotiating skills that enable management of complex agreements with significant budget impact.
• Ability to apply critical thinking to complex problems to develop viable solutions.
• Knowledge of sourcing and/or contracting process best practices and measurement techniques.
• Data-based skills with ability to manipulate large volumes of spend data for examination of supplier, product and facility utilization.
• Knowledge of finance and accounting impact of assigned areas of spend.
• Excellent Microsoft Office skills.

Qualifications

• Education: Bachelor's or 4 years of work experience above the minimum qualification.
• Experience: 3 Years of Experience.