Supply Chain Senior Contract Specialist - 40hrs

Responsibilities

• Lead negotiation and administration of complex vendor agreements, including supply contracts, service agreements, capital equipment contracts, and statements of work.
• Analyze contract terms to evaluate financial, operational, and legal impact.
• Partner with legal counsel to ensure alignment with regulatory requirements and organizational standards.
• Structure agreements to include appropriate protections, service levels, pricing models, escalation provisions, and risk mitigation strategies.
• Serve as the primary liaison among vendors, Supply Chain, legal, and internal stakeholders to drive timely contract execution.
• Support sourcing initiatives through market research, benchmarking, and financial analysis to identify savings opportunities.
• Lead RFP/RFQ development and facilitate vendor evaluation and selection processes.
• Synthesize bid data and guide structured decision-making with clinical and operational stakeholders.
• Identify opportunities for supply standardization using utilization and spend insights.
• Apply understanding of healthcare supply chain economics and GPO structures to inform sourcing strategies and contract decisions.
• Collaborate with clinical and operational leaders and Value Analysis teams to evaluate product and service alternatives.
• Facilitate discussions on product standardization and new product introductions.
• Support product conversion initiatives aligned with GPO and sourcing strategies.
• Contribute to departmental cost reduction strategies and execution plans.
• Maintain contract repository integrity, ensuring accurate documentation and execution.
• Monitor vendor performance and contract compliance, addressing discrepancies as needed.
• Proactively manage renewals, amendments, and expirations.
• Partner with procurement and analytics teams to ensure pricing accuracy and adherence to negotiated terms.
• Leverage supply chain systems and analytics tools to evaluate utilization trends, vendor performance, and cost drivers.
• Develop reporting and dashboards to monitor contract compliance and financial outcomes.
• Track and communicate savings achieved through sourcing and contract optimization efforts.
• Build and maintain strategic relationships with vendors, suppliers, and group purchasing organizations.
• Hold vendors accountable to contractual commitments related to service, pricing, and performance.
• Resolve contract-related issues and commercial disputes effectively.
• Provide guidance to internal stakeholders on contracting processes and procurement best practices.

Qualifications

• Education and/or Experience Required: Bachelor’s degree in Supply Chain Management, Business Administration, Healthcare Administration, or related field; Minimum 5–7 years of experience in supply chain contracting, strategic sourcing, procurement, or healthcare vendor negotiations; Demonstrated experience negotiating complex vendor agreements and managing contract lifecycle processes.
• Education and/or Experience Preferred: Master’s degree in business or related field; Experience in healthcare supply chain operations; Experience working with GPO contracting structures (Vizient or similar).
• Knowledge, Skills and Abilities: Advanced knowledge of healthcare supply chain contracting practices, including contract lifecycle management, pricing structures, and supplier negotiations; Knowledge of procurement systems, contract management tools, and supply chain data analytics platforms; Understanding of healthcare regulatory requirements, contract compliance standards, and vendor management practices; Knowledge of group purchasing organization (GPO) structures and contract optimization strategies; Advanced vendor negotiation and contract drafting skills, including complex and high-value agreements; Strong analytical and financial modeling skills to support sourcing strategies and cost optimization; Strong communication and relationship management skills, with the ability to influence cross-functional stakeholders; Ability to synthesize market data, utilization trends, and financial insights to support decision-making.