Senior Director - Global Sourcing & Procurement

Senior Director – Global Sourcing & Procurement

This senior leadership position drives the global sourcing strategy and supplier management for the direct supply category across the enterprise.  The scope includes contracting supplier partnerships for pre-analytical medical supplies, consumables, instrument platforms and reagents for each of our global locations. 

Your role manages a global team of sourcing professionals and requires proven people-leadership capabilities, extensive experience in global sourcing, negotiation and procurement strategy, and a demonstrated ability to collaborate across enterprise functions to deliver best in class sourcing outcomes. 

This role reports to the Executive Global Sourcing Director, as the strategic leader for this global category, your position sets the direction at the enterprise level and develops proposals that shape long-term business strategy to ensure supply chain continuity. 

Benefits: Employees regularly scheduled to work 20 or more hours per week are eligible for comprehensive benefits including: Medical, Dental, Vision, Life, STD/LTD, 401(k), Paid Time Off (PTO) or Flexible Time Off (FTO), Tuition Reimbursement and Employee Stock Purchase Plan.  Casual, PRN & Part Time employees regularly scheduled to work less than 20 hours are eligible to participate in the 401(k) Plan only. For more detailed information, please click here. 

Working Conditions:

This hybrid position offers a balanced schedule of a minimum of three in-office days at an assigned location to be either Burlington or Durham, NC, supporting both collaboration and flexibility.

• Travel is 10% to other sites and supplier facilities. Laboratory environments, in areas that contain biologic and chemical hazards (with use of personal protective equipment), are occasionally required.
• Oversees a global team of 10 – 12 sourcing professionals.

Duties and responsibilities:

• Leading a global Sourcing and Procurement team to:
  • Deliver high value supply chain solutions to the business and category strategies, support vendor selection, vendor development, technology management and performance measurement activities.
  • Ensure the best-in-class secure global supply chain for products in the to realize year-on-year productivity improvements, cost savings, and process improvements in close collaboration with the stakeholders and global compliance within the business.
  • Develop clear and concise leadership proposals for strategic business decisions, including RFP (Requests for Proposal) while detailing the benefits and risks by Supplier.
• Leading negotiations and strategy for the assigned category to support a significant annualized spend.
  • Vendor first-point-of-contact and governance oversight
  • Manage the stakeholder/customer and vendor engagement interaction.
• Accountable for development and implementation of the individual category strategy in alignment with business needs.
• Directs the development and execution of robust category strategies that meet the needs of multiple cross divisional stakeholders as well as drives exceptional value for LabCorp and the various subsidiaries.
• Oversee strategic supplier relationship management for Top suppliers, organization and execution of regular Business Review Meetings and drive execution of action items.
• Oversee the establishment and maintenance of relationships with global strategic vendors, ensuring continuous improvement, spend/cost transparency and cross-category account management with Top suppliers.
• Proactively supports the business in assessing new innovative/technology-driven vendors through RFP, networking, cold-calls, conferences, etc., while maintaining alignment with Science and Technology.
• Serves as a Primary Business Partner with one or more assigned line functions representing Sourcing on stakeholder Leadership teams, strategic business reviews and budget planning/forecasting.
• Accountable for segmentation of the supplier base and approval of new vendors within the segment.
• Oversee and may negotiate and finalize Master Service Agreements.
• With the appropriate business and finance teams:
  • Accountable for productivity and savings planning as well as ensuring the stakeholder/Sourcing participation in the a