CVS Health has a dynamic opportunity for a Strategic Sourcing Category Manager to join our dedicated Procurement team. You will be responsible for the development and execution of procurement strategies that drive cost savings to a selected indirect spend category(s).
The Strategic Sourcing team handles over $5B in annual indirect spend and supports key business units across the enterprise (e.g. Marketing, Logistics, HR, Construction, etc.). You will identify and quantify cost reduction opportunities in the assigned category(s) through spend analytics, market intelligence, and review of current vendor agreements. You will also play a meaningful role representing procurement on large scale strategic enterprise initiatives and special projects (e.g. sourcing process transformation, acquisition integration, etc.).
You will report to either the Sr. Manager or Manager of Strategic Sourcing, and will work in a collaborative environment that provides support and guidance to ensure Strategic Procurement is effectively serving its internal partners and meeting established financial savings targets.
This position will be located in Cumberland, RI.
Your primary responsibilities are to: • Works with business leaders to identify cost savings opportunities; provide analytical support to quantify and prioritize projects with the highest value • Leading multiple concurrent medium-to-large sourcing engagements for the category(s) to which the advisor is assigned • Working with business owners to develop bid strategies, compile scope of work/requirement documents, draft and publish RFx events • Developing and presenting comprehensive bid analysis packages, both quantitative and qualitative, to inform leadership’s decisions on key projects • Facilitating and leading meetings with internal business leaders and external suppliers; conduct comprehensive quarterly reviews with leaders for assigned categories. • Leading cost and business term negotiations with suppliers, collaborate with Legal and/or Contracts to mitigate contractual redlines prior to award • Effectively communicating and demonstrating Strategic Sourcing’s value proposition with regards to driving cost savings and RFP vendor selection • Using internal and external resources to find opportunities to build the sourcing project pipeline: • Market intelligence tools • Category spend data • Expiring contract reports
Required Qualifications • 5+ years of experience in a role related to sourcing/procurement, accounting, finance, analytics, or supply chain. • Experience utilizing the Microsoft Office suite (Excel, PowerPoint, Outlook, etc.) in a professional setting. • Ability to travel as needed, for business needs.
Preferred Qualifications • Strong analytical ability, ability to think strategically, and learn and process new information quickly. • Excellent verbal communication and interpersonal skills, with an ability to confidently and expertly interact with staff and leadership.
• Shown ability to handle multiple tasks without direct supervision, while paying strong attention to detail and follow-up. • Ability to quickly capture, analyze, and summarize data. • Strong organization and project management skills. • Eager to gain new experiences, qualifications, and responsibilities. • Experience with electronic sourcing platforms, such as Ariba Sourcing, strongly preferred.
Education • Bachelor's Degree required. • Degrees in Finance or Accounting, or MBA with a similar concentration preferred.