Project Manager (hybrid) - Indirect Sourcing and Procurement

Labcorp is seeking a hybrid Project Manager - Indirect Sourcing and Procurement.

The ideal (hybrid) candidate will need to work

• On-site Minimum 1 day per week in Burlington and minimum 1 day per week in Durham

Or

• On-site Minimum 2-days in Burlington (and none in Durham).

At Labcorp you will contribute as an integral part of a dynamic Indirect Sourcing and Procurement team and will be responsible for analyzing, evaluating, synthesizing and interrelating information from internal and external sources when solving problems and making decisions. Identifying critical success factors when developing strategy and plans. Weighing and appropriately balancing technological, market, competitive, and organizational factors to achieve competitive advantage.

Your Indirect Sourcing and Procurement role will be a member of cross departmental teams that will include all stakeholders in the decision-making process.

This role reports to the Executive Director of Indirect Sourcing and Procurement, while also using diverse perspectives when developing plans and making decisions and considering possible outcomes of alternative courses of action.

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. 

Duties and responsibilities                                                     

• Displays competencies and knowledge in contract development, including key contracting principles, standard terms, laws/regulations, and industry standards.
• Drafts, redlines, reviews, and negotiate Indirect Sourcing category vendor contracts including, but not limited to, Master Services Agreements, Statements of Work, Renewals, etc.
• Applies advanced sourcing methodologies; to include the RFx sourcing processes; to develop negotiating strategies that enable effective negotiations, vendor management and process improvement.
• Management of vendor relationships and manage any escalated issues that involve the vendor/service provider.
• Manages and optimizes supplier performance, including contract compliance, continuous improvement, innovations, and reduction in total cost of ownership
• Works with Legal department to mitigate risk through the review of both legal and business terms.
• Executes legal documentation ensuring compliance with legal requirements
• Builds strong partnerships with internal stakeholders to identify new opportunities for negotiated cost savings and measure business impact.
• Collaborates with cross-functional teams to ensure sourcing strategy aligns with business requirements
• Communicates effectively with vendors, customers, and senior management.
• Prepares and occasionally provides presentations on project/category savings and category spend analysis to Leadership and user groups.
• Be process driven and project focused with ability to prioritize and get projects completed in a timely manner while responding to the changing demands of the business and market.
• Applies best practice for data collection and analysis, risk assessment, stakeholder identification and involvement, total cost of supply, standardization of products and services, building demand plans, contract negotiations, implementation of contracts and change management.

Minimum Education and Experience, required

• Degree Qualified (BA or BS Degree in Supply Chain, Business Management, or related field, required)
• Minimum of 5 years’ experience with Project Management of Indirect Sourcing and Procurement

• Must have the ability to regularly collaborate in-person at Burlington, North Carolina headquarters with our Director of IT Sourcing and other local IT leaders leveraging S&P skills; project best practices and outcomes.

Preferred Qualifications

• Seven years (7) of Project Management of Indirect Sourcing & Procurement for Indirect goods and services, contracting
• Professional designations/certificat