Procurement Contracts - Lead Director at CVS Health

Woonsocket, Rhode Island, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

HealthcareIndustries

Requirements

Report to the Executive Director, Procurement Contracts
Proficiency utilizing evolving technological tools (e.g., Microsoft Office, Word, Excel, PowerPoint, SAP/Ariba Procure to Pay Suite including eSourcing, Ariba Contract Management and Ariba Buyer, Microsoft Teams)
Ability to communicate effectively and succinctly verbally and in writing with diverse constituents at all levels of a large organization
Experience negotiating contract terms and conditions for complex agreements and statements of work
Ability to direct supplier negotiation for Non-Merchandise/Not for Resale transactions
Capability to manage a diverse group of individuals across multiple locations to complete projects accurately, completely, and within timelines
Full-time employment availability

Responsibilities

Establish and develop contract negotiation playbooks, clause libraries, policies, and processes to support specific categories
Provide dedicated training and education to Procurement Contracts organization members for category-specific needs
Serve as primary point of contact for assigned categories in procurement planning and contracts process
Proactively build, establish, and maintain relationships with key stakeholders, subject matter experts, and decision-makers
Review and comment on all RFI, RFP, RFQ, and contracts created by Enterprise Procurement
Develop a continuous performance improvement culture
Implement contract modifications for regulatory, legislative, industry, or legal changes
Collaborate with Legal, Sourcing (IT and Non-IT), IT Security, Risk Management, Privacy Legal, Vendor Assessment, Compliance, Internal Audit, Tax, and Finance areas to discuss and incorporate new developments into contract templates
Lead discussions and revisions to contract language, finalizing new templates through internal subject matter experts
Anticipate needs of internal stakeholders for assigned categories to support key initiatives under tight deadlines
Lead presentations, webinars, and roundtable discussions to engage and educate business departments on compliance with Corporate Purchasing and Contracts Policies
Lead activities ensuring suppliers meet defined requirements, goals, and targets
Closely collaborate with business teams, executive leaders, Legal, and other stakeholders to advance CVS Health interests with third-party vendors
Potentially manage diverse teams to ensure project completion

Skills

Key technologies and capabilities for this role

Contract NegotiationSupplier NegotiationContracts ManagementProcurement StrategyStakeholder ManagementLegal CollaborationPlaybook DevelopmentClause LibrariesTrainingStatements of Work

Questions & Answers

Common questions about this position

What is the salary for the Procurement Contracts Lead Director position?

This information is not specified in the job description.

Is this a remote position or what is the location requirement?

This information is not specified in the job description.

What are the key responsibilities or skills needed for this role?

Key responsibilities include establishing contract negotiation playbooks and policies, direct supplier negotiation for complex agreements, collaborating with business teams and stakeholders, providing training to the team, and reviewing RFIs, RFPs, RFQs, and contracts.

What is the company culture like at CVS Health?

CVS Health emphasizes building a world of health with dedicated, purpose-driven colleagues passionate about transforming health care in a connected, convenient, and compassionate way, all done with heart.

What makes a strong candidate for the Procurement Contracts Lead Director role?

Strong candidates will have experience in contract negotiation strategy, building relationships with stakeholders across Legal, Sourcing, IT, Risk, and other teams, developing playbooks and training programs, and driving continuous performance improvement.

CVS Health

Comprehensive pharmacy and healthcare services

About CVS Health

CVS Health operates a large network of retail pharmacies and walk-in medical clinics across the United States, providing a variety of health-related products and services. Their offerings include prescription medications, over-the-counter health products, and beauty items, as well as pharmacy benefits management and specialty pharmacy services. CVS Health's integrated business model allows them to serve individual consumers, businesses, and communities effectively, with a focus on improving health outcomes and reducing healthcare costs. Unlike many competitors, CVS Health combines pharmacy services with medical care, making it easier for patients to access quality healthcare. The company's goal is to enhance access to healthcare and support individuals in achieving better health.

Woonsocket, Rhode IslandHeadquarters

1963Year Founded

DEBTCompany Stage

Healthcare, Consumer GoodsIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

Company Equity

Wellness Program

Professional Development Budget

Paid Vacation

Paid Holidays

Risks

Legal challenges related to opioid prescriptions could harm CVS's reputation and finances.

The DOJ's intervention in a whistleblower lawsuit may increase legal costs for CVS.

The Horizon Organic Milk recall exposes potential vulnerabilities in CVS's supply chain.

Differentiation

CVS Health operates over 9,600 retail pharmacies and 1,100 walk-in clinics nationwide.

The company integrates pharmacy benefits management with specialty pharmacy services for comprehensive care.

CVS Health offers tailored medication plans through personalized medicine and pharmacogenomics.

Upsides

Expansion of telehealth services allows CVS to reach more patients remotely.

Increased consumer interest in wellness boosts demand for CVS's health-related products.

The trend towards value-based care aligns with CVS's integrated healthcare approach.

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