Director Strategic Sourcing & Contracting
The Director Strategic Sourcing and Contracting will contribute to the overall success of the organization by driving strategic sourcing initiatives to optimize costs and enhance the efficiency of sourcing and contracting operations. Success in this position requires knowledge of the industry, processes, suppliers, and contract terms/conditions, and the use of standard practices and policies in analyzing situations and data. This individual will collaborate with cross-functional SMEs to ensure alignment with financial, clinical, and operational objectives, validate savings outcomes, and oversee contract governance and execution. The Director will lead supplier engagement and negotiation processes, including RFP development, bid evaluation, and final strategy, while ensuring visibility to progress, challenges, and key decisions.
this leader acts as a trusted advisor to healthcare organizations by partnering with clinical, operational, finance, and supply chain stakeholders to:
- Develop and implement the strategic sourcing strategy for direct spend categories (Medical/Surgical, Laboratory, Heart & Vascular, Periop, etc.) in alignment with organizational mission, values, and goals.
- Lead cross-functional teams to drive cost savings, quality improvements, and innovation in the procurement process.
- Represent supply chain on relevant service line committees
- Direct multiple projects and tasks in a fast-paced environment
- Ensure consistency in strategic sourcing processes including market research, strategy development, RFI/RFP/Bid preparation, contract negotiations, gaining consensus on award decisions, and launching the contracts
- Develop and maintain the contracting work plan. Keep contracting details up to date in the Contract Lifecycle Management System (as applicable).
- Collaborate with and manage outsourced third-party arrangements (consultants & GPO's).
- Negotiate contracts, terms, and conditions with suppliers to achieve favorable agreements while mitigating risks
- Ensure compliance with contract terms and manage contract lifecycle, including renewals, amendments, and terminations
- Ensure audits of vendor invoices are completed to monitor billing compliance
Key Requirements
- 5-7+ years of supplier contract negotiation and/or contract management experience.
- Demonstrated success leading complex supplier negotiations.
- Strong financial acumen and business case development skills.
- Experience driving large-scale change management initiatives.
- Understanding of healthcare operations, supply chain, and purchasing practices.
- Ability to engage and influence executive stakeholders.
- Strong presentation, communication, and analytical skills.
- Bachelor's degree required; Master's degree preferred.
FAQs
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