Strategic Sourcing Manager executing sourcing strategies for efficiency and value at MUFG. Building relationships and leading negotiations to achieve business objectives while saving costs.
About the role
- Senior Category Manager responsible for sourcing and vendor governance within healthcare categories. Execute sourcing strategies and manage vendor relationships across business units with strong oversight.
Responsibilities
- Establish sourcing strategies for an assigned category(ies) in conjunction with internal stakeholders and their associated business strategy.
- Conduct sourcing events, including development of project work plan, category profile, category strategy, minimum requirements and evaluation criteria, solicitation.
- Develop and implement assorted bid documents and requests (i.e. RFP, RFI, RFQ); and manage status reporting and performance metrics of sourcing and category management activities.
- Understand, analyze and forecast complex market and industry dynamics and share subject matter expertise and industry knowledge within the established portfolio of products and services.
- Partner with stakeholders to source products and services using proven tools, processes, and analytics to drive and achieve business results.
- Evaluate analyses of sourcing results from a total cost of ownership perspective and provide optimization recommendations.
- Participate in cross-functional teams responsible for complex vendor negotiations, including those that require specialized subject matter expertise, nonstandard risk mitigation solutions, and coordination of multiple arrangements.
- Review and lead supplier relationship management and performance within an assigned category.
- Proactively establish and foster successful, positive working relationships with vendor personnel.
- Drive vendor engagement through formal and informal transactions.
- Engage stakeholders to implement and execute vendor relationship management plan.
- Coordinate and host vendor business reviews.
- Develop, track and manage yearly vendor plans for assigned vendors within the assigned category(ies) and ensure vendor compliance.
- Coordinate vendor risk assessments and develop plans to track and address significant risks.
- Serve as an escalation point for the business in resolving vendor performance issues.
- Manage contracts and collaborate effectively with Corporate Compliance, Legal, Audit and Risk Management and other internal stakeholders for compliance activities to ensure regulatory conditions are met.
- Research, analyze and provide data driven recommendations regarding compliance or audit level issue resolution and remediation.
- Facilitate and monitor vendor implementation of relevant corrective action plans.
- Develop new procedures, training, initiatives, specifications and recommendations for process or policy changes and improvements, as appropriate.
Requirements
- Bachelor's degree or advanced degree (where required)
- 5+ years of experience in related field
- In lieu of degree, 7+ years of experience in related field
- Experience in Healthcare strategic sourcing and category management (Pharmacy, Cost of Care, Clinical Services, Utilization Management, etc.).
- Experience with a variety of contract types (SaaS, Services, etc.) and pricing models.
Benefits
- Medical, dental, and vision coverage along with numerous health and wellness programs.
- Parental leave and support plus adoption and surrogacy assistance.
- Career development programs and tuition reimbursement for continued education.
- 401k match including an annual company contribution.
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