Strategic Sourcing Analyst Senior

Department:

11497 Enterprise Corporate - Supply Chain: Sourcing and CVA

Status:

Full time

Benefits Eligible:

Yes

Hours Per Week:

40

Schedule Details/Additional Information:

This is a hybrid role offering a blend of on-site and remote work opportunity. Monday-Friday business hours.

Pay Range

$37.50 - $56.25

Under limited direction, this position supports developing and executing sourcing strategies for Advocate Health (may include supplies, pharmaceuticals, services, or capital), leveraging best practices, identifying cost containment opportunities, and standardizing products. Ensuring purchasing strategies support Advocate Health’s strategic plan, mitigate risk, maximize efficiency, and achieve cost, quality, and service delivery goals. Supporting the functional team strategy to enterprise strategy.​

MAJOR RESPONSIBILITIES

• ​​Strategy Development: supports strategic sourcing best practices for enterprise across assigned categories. Supports sourcing strategies such as analyzing market fundamentals, industry data, price benchmarks, cost drivers and trends, key cost variances, and economic forecasting in assigned categories. Categorizes and analyzes spend categories and assesses market and sourcing options to prioritizing areas for maximizing value and cost synergies.​ 
• ​​​Sourcing Process Management: assist with the end-to-end sourcing process, including supplier identification, qualification, selection, negotiation, and contracting. Ensure compliance with relevant policies, procedures, and regulations. ​Assist in strategies to bring non-contracted products and services under contract, assuring best contract coverage for assigned categories. ​Consults with Legal on contractual issues concerning proper legal terms and conditions. Ensuring all other relevant departments’ evaluations of contracts are triggered (IT, Data Security, etc.) which can vary by contract type​​. ​​ ​ 
• ​​Cost Optimization: Supports and executes cost-saving opportunities through comprehensive analysis of utilization, pricing, and contracting. Collaboratively works with sourcing leaders and others to enable favorable negotiations on pricing, terms, and conditions with suppliers. Aids in cost containment strategies, such as standardization, utilization controls, and value-based purchasing. Assists in the attainment of maximum savings in total delivered cost of supplies, pharmaceuticals, services, and equipment in assigned categories​.​​ ​ 
• ​​Supplier Relationship Management: Supports strong relationships with suppliers and supports supply chain-supplier relationships in assigned categories. Monitor supplier performance, support supplier evaluations, and drive continuous improvement initiatives. Collaborate with cross-functional teams to address supplier-related issues and ensure timely resolution.​ 
• Cross-functional Collaboration: Work closely with sourcing leaders and other relevant stakeholders to understand their needs and priorities. Support and aid in effective communication channels and engagement strategies to foster collaboration and support decision-making processes.​ ​​ 
• ​​​Clinical Integration: Collaborate with sourcing leadership to ensure the seamless integration of value analysis. Support educa