Sourcing Category Manager - IT Category Management

We're building a world of health around every individual—shaping a more connected, convenient and compassionate health experience. At CVS Health®, you'll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger—helping to simplify health care one person, one family and one community at a time.

About the role

CVS Health's Enterprise Procurement department, a key function within the company's Shared Services Finance organization, is seeking a Sourcing Category Manager responsible for the IT Category Management (Infrastructure, Cloud/SaaS, Software, Healthcare Platform) indirect spend category. This includes:

• Software (Enterprise, End User, Security, CRM, MarTech)
• Infrastructure (Data Center, Network, Servers, Laptops/PC, Telephony, CCaaS)
• Cloud (Public, Private, Multi, Hybrid, SaaS)
• Healthcare Platform/VAR (Medical Records Software, Digital Payer, Revenue Payment Cycle Management, Claims/adjudication, Value Added Reseller (VAR) Management, Technology Supplier Catalog Management)

This role will define and execute sourcing strategies that drive P&L value across the assigned CVS Health spend category. The Category Manager must develop highly productive relationships with leaders and key business stakeholders, leveraging tools such as spend analytics, market intelligence, and existing vendor agreements to build and maintain a pipeline of sourcing opportunities. You will also represent procurement on large-scale strategic enterprise initiatives and special projects (e.g., sourcing process transformation, acquisition integration). The Indirect Strategic Sourcing team manages over $12B in annual indirect spend across IT and non-IT categories supporting key business units (Retail, PBM, Insurance, Specialty/Clinical).

Responsibilities

• Develop and maintain short, medium, and long-term category sourcing plans, spend profiles, and pipeline.
• Schedule and maintain cadence of regularly scheduled sourcing category reviews and planning sessions with key leaders; establish self as category sourcing expert.
• Guide analyst base on sourcing activities to ensure successful execution of RFx events for the category.
• Accountable for quantifying and delivering against savings targets for the category.
• Serve as execution lead on major sourcing events with high complexity, spend, and/or visibility.
• Educate business partners on policies and processes supporting Strategic Sourcing; communicate and demonstrate the team's value proposition.
• Maintain status of all completed, active, and planned sourcing activities to review with Strategic Sourcing management.
• Effectively communicate Strategic Sourcing's value proposition and goals to key leaders and stakeholders.
• Leverage spend analytics, market intelligence, and expiring contracts reporting to continuously build a pipeline of opportunities.
• Maintain strong working relationships with CVS Health's business and vendor management teams, ensuring early engagement on prospective vendor support needs.
• Work with stakeholders to develop bid strategies and create effective scope of work documents for competitive bid processes.
• Develop processes to ensure business stakeholders utilize preferred suppliers, leveraging enterprise scale for greater value.
• Collaborate with CVS Health's contracting team to identify new and creative approaches to contracting with vendor partners.

Requirements

• 7+ years of professional experience related to Sourcing & Category Management, Finance, Supply Chain, Procurement, Analytics, Project Management, Technology, or Management Consulting.
• Ability to travel up to 15% for supplier presentations, site visits, and key department meetings.
• Bachelor's degree in Management, Business, Economics, Supply-Chain, Finance, Accounting, Technology, or a related field (or equivalent years of relevant experience).
• MBA or Master's Degree in a related field of study is a plus.

Pay

The typical pay range for this role is $75,400.00 – $182,549.00 annually. This range represents the base salary for all positions in the job grade. The actual base salary offer will depend on factors including experience, education, geography, and other relevant considerations. This position is also eligible for a CVS Health bonus, commission, or short-term incentive program, as well as an award target in the company's equity award program.

Benefits

This full-time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well-being of colleagues and their families, including:

• Medical, dental, and vision coverage
• Paid time off
• Retirement savings options
• Wellness programs
• Other resources, based on eligibility

Schedule

This role is ideally a hybrid position based in Woonsocket, RI; Hartford, CT; Northbrook, IL; or Scottsdale, AZ, with a requirement to be in the office 2 days per week.