Strategic Sourcing Manager

Morristown Temporary
  • Join a rapidly growing organization in the health care sector
  • Start ASAP! Hybrid working capacity

About Our Client

Our client is a health care based organization

Job Description

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

Description

  • You will support the planning and execution of strategic sourcing initiatives using a multi-step sourcing process for prioritized spend categories.
  • You will develop category specific requirements and scopes of work that is consistent with business requirements and Procurement strategy.
  • You will conduct spend analytics and utilize systematic expertise to deliver a comprehensive total cost of ownership assisting the business in delivering measurable cost savings. Additionally, this role will Initiate and structure RFI's and RFP's and participate in supplier negotiations.
  • You will support and execute negotiation strategies based on supplier proposals and spend analytics while managing supplier selection process and provide data and recommendations to ensure informed business awards. You will develop and administer contractual agreements in collaboration with business and legal departments while creating agreements to include all business requirements, statements of work and performance criteria.
  • You will manage the full strategic sourcing lifecycle for market data strategic sourcing projects, including partnering with Subject Matter Expert teams, defining scope and identifying requirements, conducting the competitive bidding (RFx) process, vendor evaluation and negotiation of pricing and contract terms.
  • You will identify continuous improvement initiatives and monitor supply markets and assess opportunities resulting from new technology and product offerings. Additionally, they will support the supplier quarterly business review process.
  • Identify and support strategic sourcing and category management strategies for specific market data spend categories (e.g. securities, consumer, foreign currency, economic data) through spend analysis, market and vendor analysis and business intelligence, benchmarking, requirements gathering, stakeholder relationship management and client engagement, in combination with an understanding of Bank needs and strategies specific to market data; ensure established category strategies are aligned with business goals

The Successful Applicant

  • Bachelor's degree in finance, economics, accounting, supply management or relevant area. Master's Degree and/or Recognized Procurement certification in CIPS, ISM or other professional purchasing organization a plus
  • 5-8 years of category management and procurement experience. Experience in the medical industry is a bonus, although not required.
  • Demonstrated skills in Strategic Procurement, Sourcing, Category and Supplier Management, preferably in the Supply Chain Environment
  • Strong experience in negotiating and analyzing contract and business terms and related legal documents.
  • Working knowledge of procurement best practices inclusive of strategic sourcing methods.
  • Experience in drafting and analyzing contract terms and related legal documents, especially as it relates to IT contract terms.
  • Develop deep supplier relationships with strategic suppliers to include data review and analysis, performance management and development and improvement of end to end value, and bring innovation to the business
  • Experience developing and maintaining project schedules and delivering completed work product on time in a fast-paced environment with vague information.
  • Strong decision-making & problem-solving skills, excellent oral and written communication skills combined with the ability to maintain effective relationships internally and externally with a strong customer service orientation.
  • Develop deep supplier relationships with strategic suppliers to include data review and analysis, performance management and development and improvement of end to end value, and bring innovation to the business
  • Strong business and finance acumen, deep understanding of managing for impact in complex matrix environment
  • Knowledge of contract fundamentals;
  • Excellent negotiation and conflict resolution skills;
  • You present solid interpersonal skills, team focus, and the ability to work in cross-functional teams;
  • Advanced MS Office skills, especially Word and Excel;

What's on Offer

  • Start ASAP
  • Temp to Perm Opportunity
  • Hybrid working model- choice to commute to NYC office or office in Morris County, NJ
Contact
Brooke Gautier
Quote job ref
1552373

Job summary

Sub Sector
Location
Contract Type
Consultant name
Brooke Gautier
Job Reference
1552373