Strategic Sourcing Specialist III - Healthcare Procurement

About the role

The Sourcing Specialist III works independently and strategically to identify, project plan, implement and monitor supply chain expense or utilization opportunities to optimize total organizational expenses. As part of the Sourcing team, works collaboratively with clinical and operational leadership in a team-based environment to optimize the selection, standardization and utilization of product and services for the organization. In addition, this position has operational responsibility in collaboration with Supply Chain subdivisions to ensure that product and services are priced accurately, available timely, carried in the appropriate quantities and locations, and delivered in the most efficient manner to meet patient care needs.

Responsibilities

• Conduct advanced analytics and scenario-based outcome assessments to inform business operations on potential Total Cost of Ownership impact of category changes.
• Optimize product and service expense and pricing; action the pipeline to generate value opportunities through supply market analysis, value analysis, benchmarking, and utilization assessment.
• Conduct competitive analysis and bidding; independently develop and execute negotiation strategies with suppliers and implement required contractual agreements for assigned product and service categories.
• Evaluate all contractual agreements, proposals, and negotiate commercial terms, inclusive of business risk and adherence to established guidelines.
• Post-contract execution monitoring of assigned portfolio expenses to ensure category/contract compliance; enact a semi-annual pipeline of savings opportunities based on renegotiation, Request for Proposal, consolidation of current spends, assist customers with procurement of non‑savings related needs, and adopt best‑in‑class technology for contract management, e‑sourcing, etc.
• Ensure accuracy, data integrity, and validity in all work.
• Perform in‑depth analysis on each assigned request to ensure all financial comparisons are accurate and thorough for comprehensive value‑based decision making.
• Facilitate Value Analysis meetings as required.
• Independently develop complex bid solicitations, proposal review, and vendor negotiations to optimize contractual terms including pricing.
• Ensure all bidding activity within the category is conducted in an open, fair, and transparent procurement process (may include RFI, RFP, etc.) that delivers best value with integrity and meets all ethical standards.
• Demonstrate ability to independently persuade, influence, and negotiate multi‑million‑dollar contracts with vendor(s) to meet the organization’s strategic objectives.
• Identify stakeholders, suppliers, team members, and other vendor organizations; build and maintain appropriate relationships aligned with a segmented supply strategy and build a supplier performance management process.
• Adhere to a disciplined application of standard work including standard operating procedures, tools, etc. to achieve objectives and final deliverables within a finite timescale and budget.

Requirements

• Minimum of four (4) years of experience in Strategic Sourcing, Procurement, Supply Chain Management, Direct Sourcing, Contract Management, Category Management, or a related business discipline.
• Bachelor's Degree required.

Schedule

• Work location: Remote/ Work from home
• Hours: Full time, day shift
• Travel: Yearly on‑site system meeting

Benefits

• Full benefits (health, dental and vision) starting on day one
• Three medical plan choices, including an expanded network for out‑of‑area employees and dependents
• Pre‑tax savings plans with healthcare and dependent care flexible spending accounts (FSA) and a health savings account (HSA)
• Company‑paid life insurance, short‑term disability, and long‑term disability coverage
• 401(k) plan that includes automatic Geisinger contributions
• Generous paid time off (PTO) plan that allows you to accrue time quickly
• Up to $5,000 in tuition reimbursement per calendar year
• MyHealth Rewards wellness program to improve your health while earning a financial incentive
• Family‑friendly support including adoption and fertility assistance, parental leave pay, military leave pay and a free Care.com membership with discounted backup care for your loved ones
• Employee Assistance Program (EAP): Referrals for childcare, eldercare, & pet care. Access free legal guidance, mental health visits, work‑life support, digital self‑help tools and more.
• Voluntary benefits including accident, critical illness, hospital indemnity insurance, identity theft protection, universal life and pet and legal insurance