Senior Analyst - Procurement

At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.

As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues – caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.

Position Summary

Applies in-depth knowledge in sourcing, evaluating suppliers, negotiating contracts, and procuring goods and services to meet the organization's needs. Collaborates with internal stakeholders to understand procurement requirements, ensure timely and cost-effective purchasing, and maintain supplier relationships. Monitors market trends, assesses supplier performance, and implements procurement best practices to optimize the procurement process.

Primary Job Duties & Responsibilities

• Analyzes complex data and trends within procurement operations to identify opportunities for cost savings process improvement, as well as third-party supplier performance enhancement.

• Applies in-depth knowledge of procurement principles and best practices to analyze and implement core procurement strategies that optimize sourcing, supplier selection, and contract management.

• Conducts routine examinations and evaluations of procurement activities and systems to identify potential risks, bottlenecks, and areas for process optimization.

• Implements and configures procurement systems and technologies to support efficient procurement workflows and enhance visibility across the procurement function.

• Identifies opportunities to streamline and automate procurement processes, leveraging emerging technologies and industry best practices.

• Coordinates large or complex procurement projects, collaborating with cross-functional teams to ensure successful project implementation to effectively achieve procurement goals.

• Communicates effectively, both internally and externally, to collaborate with stakeholders, suppliers, and cross-functional teams to ensure seamless procurement processes and drive successful supplier relationships.

• Documents and maintains accurate records of procurement activities, including contract management, supplier performance, and compliance monitoring.

• Provides expertise and guidance to junior analysts and support staff, offering training, mentoring, and knowledge sharing to foster their professional growth and development.

Required Qualifications

• 2+ years of experience in working in IT contract negotiations, vendor management, and/or vendor relationship management

• 2+ years of experience using data to running RFx sourcing events

Preferred Qualifications

• Working knowledge of problem solving and decision making skills

• APICS Certified Supply Chain Analyst (CSCA)

Education

Bachelor's Degree or equivalent experience

Anticipated Weekly Hours

40

Time Type

Full time

Pay Range

The typical pay range for this role is:

$46,988.00 - $112,200.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls.  The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors.  This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. 
 

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in our comprehensive and competitive mix of pay and benefits – investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.

• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counselin