Director Strategic Sourcing

Overview

We are seeking a highly experienced and dynamic Strategic Sourcing Director to lead our procurement and sourcing initiatives. The ideal candidate will have a proven track record in strategic sourcing, supplier management, and cost optimization. This role requires a visionary leader with exceptional negotiation skills and the ability to drive continuous improvement in our sourcing processes.

Responsibilities

• Strategic Procurement: Develop and implement comprehensive sourcing strategies that align with the company’s objectives and market trends. Identify opportunities for cost savings, process improvements, and risk mitigation. Includes development of a pipeline of potential projects for the next 1-2 years based on contract renewals, stakeholders’ forecasts, and other reports (i.e., spend reports, accrual reports, diversity spend reports) and the department’s mid-range plans. Clarify, document, and support drafting of IT business requirements for vendor partnerships, identifying potential third parties, leading IT strategic sourcing, contract spend analysis, and completing contracts within an organization that is growing and undergoing change.
• Category Management: Lead the strategic management of key categories related to the assigned Business Unit/stakeholder area. Includes benchmarking analysis of market dynamics and pricing, cost drivers, vendor capabilities, and evaluations. Manage and direct the sourcing for all categories of IT, such as software, hardware, and services.
• Supplier Relationship Management & Rationalization: Build and maintain strong relationships with key suppliers to ensure reliable supply chains and optimize costs. Focus on driving collaboration, innovation, and continuous improvement. Analyze and apply GMRE rationalization to all vendors in the assigned stakeholder area and ensure future sourcing decisions are carried out accordingly. Lead vendor business reviews as necessary.
• Contract Negotiation: Negotiate favorable terms and conditions with vendors, including pricing, service levels, delivery, and key contractual terms. Ensure compliance with compliance and legal requirements.
• Contract Management: Develop and maintain Master Services Agreements, Statements of Work (SOW), and Service Level Agreements (SOWs) with key vendors. Monitor vendor performance against agreed-upon metrics and take corrective actions as needed. Determine contracting strategy, oversee the process for assuring details are accurately captured in the contract (e.g., bill of materials, scope of work, service level agreements, performance metrics, etc.), oversee and at times lead the negotiation of terms and pricing, drive best value for the business, and establish and communicate contracting timelines to Cotiviti IT and Business Unit leaders. Manage and guide third-party contract management and execution through conclusion while working, as necessary, in close partnership with Legal and other internal stakeholders to ensure business, legal, and compliance requirements are captured and met. Lead the management of renewals for the applicable segments to ensure that they are done timely as well as the negotiation of contractual amendments, and ensure that all business, legal, and compliance requirements are met. Direct the interpretation of contract standards and specifications as well as enforce contract policy.
• Cross-Functional Collaboration: Lead regular discussions with internal stakeholders to understand their needs and business areas, communicate supply chain updates, provide sourcing project reviews, and drive supply chain results.
• Risk Management: Identify and mitigate risks associated with the supply chain to ensure business continuity.
• Technology Utilization: Leverage ERP systems and other procurement software to streamline processes and enhance efficiency.
• Root Cause Analysis: Conduct root cause analysis utilizing six sigma (or other similar) methodology when failures occur to prevent recurrence.
• Hire, develop, coach, lead, and retain top-tier talent, with a focus on building and improving a team and culture that can assist in employing best-in-class practices to support and drive high levels of internal and external customer satisfaction.
• Complete all responsibilities as outlined in the annual performance review and/or goal setting.
• Complete all special projects and other duties as assigned.
• Must be able to perform duties with or without reasonable accommodation.

This job description is intended to describe the general nature and level of work being performed and is not to be construed as an exhaustive list of responsibilities, duties, and skills required. This job description does not constitute an employment agreement and is subject to change as the needs of Cotiviti and the requirements of the job change.

Qualifications