Sourcing Category Manager
CVS Pharmacy - Hartford, CT
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Job DescriptionSign On Bonus AvailableCVS Health's Enterprise Procurement department, a key function within the company's newly formed Finance Global Business Services organization, is in search of a Sourcing Category Manager who be responsible for the Healthcare Services indirect spend category. This includes Business Process Outsourcing Services such as Call Center, Member & Plan Sponsor Services, Claims Management and Clinical Services. This role will be responsible for defining and executing sourcing strategies that drive P&L value across the services within the assigned CVS Health spend category. To achieve success in this role, the Category Manager must develop highly productive relationships with leaders and key business stakeholders, and leverage tools such as spend analytics, market intelligence, and existing vendor agreements to build and maintain a pipeline of sourcing opportunities within the category. In this position, you will also play a meaningful role representing procurement on large scale strategic enterprise initiatives and special projects (e.g. sourcing process transformation, acquisition integration, etc.).The Indirect Strategic Sourcing team manages over $9B in annual indirect spend across a range of IT & non-IT categories that support key business units across the enterprise (Retail, PBM, Insurance, Specialty/Clinical, etc.). As a Category Manager on the Sourcing team, you should have an enterprise mindset, possess highly developed business background, and be a strong communicator who is able to establish lasting relationships with business leaders as well as internal and external stakeholders. This critical role will report to a Sr. Category Manager within the Indirect Strategic Sourcing team. Responsibilities:- Develop and maintain short, medium, and long term category sourcing plans, spend profiles, and pipeline- Maintain status of all completed, active, and planned sourcing activities to review with Strategic Sourcing management- Effectively communicate Strategic Sourcing's value proposition and goals to key leaders and stakeholders - Schedule and maintain cadence of regularly scheduled sourcing category reviews and planning sessions with key leaders within the assigned business area - Leverage spend analytics, market intelligence, and expiring contracts reporting to continuously build pipeline of opportunities for sourcing to address within category- Maintain strong working relationship with CVS Health's business and vendor management teams, ensuring that Strategic Sourcing is engaged early on all prospective engagements requiring vendor support- Work with stakeholders to develop bid strategies and create effective scope of work documents for competitive bid processes- Hold overall responsibility for all Sourcing activity conducted within assigned category, responsible for end-to-end execution of all sourcing activities with high impact and/or visibility within the organization (e.g. RFP, RFQs, direct negotiations).- Develop capabilities and knowledge base of analyst team supporting the spend category- Lead cost and commercial term negotiations with suppliers, collaborate with Legal and/or Contracts to mitigate contractual redlines prior to award- Develop processes to ensure that CVS Health's business stakeholders are utilizing preferred suppliers wherever possible, thereby leveraging the enterprise's scale to drive greater value for the company- Collaborate with CVS Health's contracting team to identify new and creative approaches to contracting with vendor partners This role will be a hybrid position, expected to be in-office 2x week in Woonsocket, RI or Hartford, CTRequired Qualifications- 5+ years of professional experience related to Finance, Supply Chain, Procurement, or Analytics OR 3+ years of experience with an MBA OR 3+ years of experience in Indirect Sourcing, Category Management, or Management consultingCOVID RequirementsCOVID-19 Vaccination RequirementCVS Health requires certain colleagues to be fully vaccinated against COVID-19 (including any booster shots if required), where allowable under the law, unless they are approved for a reasonable accommodation based on disability, medical condition, religious belief, or other legally recognized reasons that prevents them from being vaccinated. You are required to have received at least one COVID-19 shot prior to your first day of employment and to provide proof of your vaccination status or apply for a reasonable accommodation within the first 10 days of your employment. Please note that in some states and roles, you may be required to provide proof of full vaccination or an approved reasonable accommodation before you can begin to actively work.Preferred Qualifications- Strong analytical ability, ability to think strategically, and learn and process new information quickly.- Excellent verbal communication and interpersonal skills, with an ability to confidently and professionally interact with staff and leadership. - Proven ability to handle multiple tasks without direct supervision, while paying strong attention to detail and follow-up.- Ability to quickly gather, analyze, and summarize data.- Strong organization and project management skills.- Eager to gain new experiences, qualifications, and responsibilities.- Experience with electronic sourcing platforms, such as Ariba eSourcing.- Experience utilizing the Microsoft Office suite (Excel, PowerPoint, Outlook, etc.) in a professional settingEducationBachelors degree or equivalent experience requiredAccounting/Finance degree preferred. MBA preferred.Business OverviewBring your heart to CVS HealthEvery one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand - with heart at its center - our purpose sends a personal message that how we deliver our services is just as important as what we deliver.Our Heart At Work Behaviors support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable. We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an affirmative action employer, and is an equal opportunity employer, as are the physician-owned businesses for which CVS Health provides management services. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.
Created: 2024-09-07