Strategic Sourcing Specialist
CohesitySalary not specified
Full Time
Mid-level (3 to 4 years), Senior (5 to 8 years)
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
HealthcareIndustries
Requirements
- Expertise in Enterprise IT Services sub-categories (hardware, labor, software, cloud, data center, network/telephony, end user compute)
- Highly skilled in spend analytics, market intelligence, and vendor agreements to build/maintain sourcing opportunities pipeline
- Ability to define and execute sourcing strategies driving P&L value
- Strong relationship management with key stakeholders and executive leaders
- Enterprise mindset with highly developed business background
- Strong communication skills to establish lasting relationships with business leaders, internal/external stakeholders, and executives
- Leadership experience to represent procurement on large-scale strategic initiatives/special projects (e.g., sourcing process transformation, acquisition integration)
- Ability to lead development/delivery of category management plans
- Experience leading/mentoring Category Managers and Analysts
Responsibilities
- Develop and maintain short, medium- and long-term category management and strategic sourcing plans, spend profiles, and pipeline of opportunities
- Establish scheduled sourcing and category management reviews/planning sessions with key leaders in assigned business area, shared services, and procurement leadership; position self as category management/strategic sourcing expert
- Lead and mentor category manager/analyst resources on sourcing activities/analysis for successful RFx event execution aligned with category strategy
- Accountable for development/delivery of savings targets and measuring savings achievements
- Lead and manage delivery of major sourcing events with high complexity, spend, and/or visibility
- Educate key leaders in assigned business area on CVS Health policies/processes supporting Strategic Sourcing & Category Management; communicate/demonstrate team value proposition
- Maintain status of all completed, active, and planned sourcing activities as part of pipeline management; review with Procurement management and key business leaders
- Build category strategy and pipeline of opportunities leveraging spend analytics
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What is the employment type for this Sr Manager, IT Procurement role?
This is a full-time position.
What compensation or salary information is provided for this role?
This information is not specified in the job description.
What are the key responsibilities and skills needed for this position?
The role requires developing and executing sourcing strategies for Enterprise IT Services, using tools like spend analytics and market intelligence, building stakeholder relationships, leading strategic initiatives, and mentoring Category Managers and Analysts.
What is the team structure for this Sr Category Manager role?
The role reports to a Lead Director within the Indirect Strategic Sourcing team, involves mentoring Category Managers and Category Analysts, and is part of a team managing over $9B in annual indirect spend.
What makes a strong candidate for this Sr Manager, IT Procurement position?
Strong candidates should have an enterprise mindset, highly developed business background, strong communication skills, ability to establish relationships with executive leaders, and expertise as a SME in spend analytics, market intelligence, and sourcing strategies.
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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