What are the responsibilities and job description for the Director- IT Strategic Sourcing & Category Management position at CVS Health?
Job Description
Director of IT Strategic Sourcing & Category Management
CVS Health is in search of a Director that will be responsible for leading a team of IT Sourcing & Category Management professionals and help guide the development and execution of strategic sourcing strategies that drive cost savings within CVS Health’s Information Technology categories. For background, the IT Sourcing & Category Management team manages over $3B in annual spend and supports key business units across the enterprise (e.g. Healthcare Services, BPO, Shared Services, Professional Services, Operations etc.). The role involves managing and guiding direct reports to identify and quantify cost reduction opportunities for the enterprise through spend analytics, market intelligence, and review of current vendor agreements. This position plays a significant role representing procurement on large scale strategic enterprise initiatives and special projects (e.g. sourcing process transformation, acquisition integration, etc.).
This role reports to the Executive Director of IT Strategic Sourcing & Category management and will work in a collaborative environment that provides support and guidance to ensure Strategic Procurement is effectively serving its internal stakeholders and meeting established financial savings targets.
As the Director of IT Strategic Sourcing & Category Management, your primary responsibilities are to:
• Build and guide a high performing IT Sourcing & Category Management organization based on relationship management and categorization strategy
• Standardize processes, documentation, reporting among the IT Sourcing & Category Management Org.
• Ensure the team develops and maintains refreshed and comprehensive Category Plans for all IT categories/sub-categories that can easily be consolidated and shared with Sr. Procurement leadership
• Demonstrated ability to manage large-scale supplier relationships at all levels.
• Demonstrated knowledge of, and expertise in, various IT and Procurement concepts, practices, procedures, and compliance requirements.
• Maintain a pipeline of key initiatives to drive savings opportunities
• Create a process for reviewing expiring contracts to ensure compliance with purchasing and contract policies
• Work collaboratively with leaders within Procurement to deliver an end-to-end P2P process that effectively serves business stakeholders
• Set clear and specific goals for your team including savings and cost avoidance targets
• Ensure the team is delivering a high level of customer service by meeting internal SLAs
• Provide Procurement leadership with weekly comprehensive updates of active and planned projects including current status and overall performance towards meeting or exceeding SLAs and savings targets
• Provide Strategic direction on multiple concurrent medium-to-large sourcing engagements
• Facilitate and lead internal team meetings with the goal of maintaining colleague engagement and facilitate development of organization.
• Represent the department and organization and effectively communicate and demonstrate Strategic Sourcing’s value proposition with regards to driving cost savings and RFP vendor selection
• Leverage internal and external resources to identify opportunities to build the sourcing project pipeline:
o Market intelligence tools
o Category spend data
o Expiring contract reports
Pay Range
The typical pay range for this role is:
Minimum: 100,000
Maximum: 227,000
Please keep in mind that this range represents the pay range for all positions in the job grade within which this position falls. The actual salary offer will take into account a wide range of factors, including location.
Required Qualifications
• 7 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
• Proven experience negotiating and managing large, enterprise suppliers (i.e. Microsoft, Oracle, Salesforce, Dell, HP, Broadcom, IBM, AT&T, etc.), delivering commercial value aligned to operational delivery and category strategies
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 professionally interact with staff and leadership
• Experience managing, coaching and developing a team of Procurement professionals
• Proven ability to handle multiple tasks without direct supervision, while paying strong attention to detail and follow-up
• Strong organization skills and background and use of Project/Program Management tools and methodology (Agile, Waterfall, Scrum, etc)
• Eager to gain new experiences, qualifications, and responsibilities
• Experience with electronic sourcing platforms, such as Ariba eSourcing, strongly preferred
• Ability to keep Sr. Procurement Leadership informed of current state of the team
Education
• Bachelor's Degree required with focus in Business Administration, Finance, Accounting or other applicable area or MBA with a similar concentration preferred
Business Overview
Bring your heart to CVS Health Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand — with heart at its center — our purpose sends a personal message that how we deliver our services is just as important as what we deliver. Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable. We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an affirmative action employer, and is an equal opportunity employer, as are the physician-owned businesses for which CVS Health provides management services. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law. We proudly support and encourage people with military experience (active, veterans, reservists and National Guard) as well as military spouses to apply for CVS Health job opportunities.
Director of IT Strategic Sourcing & Category Management
CVS Health is in search of a Director that will be responsible for leading a team of IT Sourcing & Category Management professionals and help guide the development and execution of strategic sourcing strategies that drive cost savings within CVS Health’s Information Technology categories. For background, the IT Sourcing & Category Management team manages over $3B in annual spend and supports key business units across the enterprise (e.g. Healthcare Services, BPO, Shared Services, Professional Services, Operations etc.). The role involves managing and guiding direct reports to identify and quantify cost reduction opportunities for the enterprise through spend analytics, market intelligence, and review of current vendor agreements. This position plays a significant role representing procurement on large scale strategic enterprise initiatives and special projects (e.g. sourcing process transformation, acquisition integration, etc.).
This role reports to the Executive Director of IT Strategic Sourcing & Category management and will work in a collaborative environment that provides support and guidance to ensure Strategic Procurement is effectively serving its internal stakeholders and meeting established financial savings targets.
As the Director of IT Strategic Sourcing & Category Management, your primary responsibilities are to:
• Build and guide a high performing IT Sourcing & Category Management organization based on relationship management and categorization strategy
• Standardize processes, documentation, reporting among the IT Sourcing & Category Management Org.
• Ensure the team develops and maintains refreshed and comprehensive Category Plans for all IT categories/sub-categories that can easily be consolidated and shared with Sr. Procurement leadership
• Demonstrated ability to manage large-scale supplier relationships at all levels.
• Demonstrated knowledge of, and expertise in, various IT and Procurement concepts, practices, procedures, and compliance requirements.
• Maintain a pipeline of key initiatives to drive savings opportunities
• Create a process for reviewing expiring contracts to ensure compliance with purchasing and contract policies
• Work collaboratively with leaders within Procurement to deliver an end-to-end P2P process that effectively serves business stakeholders
• Set clear and specific goals for your team including savings and cost avoidance targets
• Ensure the team is delivering a high level of customer service by meeting internal SLAs
• Provide Procurement leadership with weekly comprehensive updates of active and planned projects including current status and overall performance towards meeting or exceeding SLAs and savings targets
• Provide Strategic direction on multiple concurrent medium-to-large sourcing engagements
• Facilitate and lead internal team meetings with the goal of maintaining colleague engagement and facilitate development of organization.
• Represent the department and organization and effectively communicate and demonstrate Strategic Sourcing’s value proposition with regards to driving cost savings and RFP vendor selection
• Leverage internal and external resources to identify opportunities to build the sourcing project pipeline:
o Market intelligence tools
o Category spend data
o Expiring contract reports
Pay Range
The typical pay range for this role is:
Minimum: 100,000
Maximum: 227,000
Please keep in mind that this range represents the pay range for all positions in the job grade within which this position falls. The actual salary offer will take into account a wide range of factors, including location.
Required Qualifications
• 7 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
• Proven experience negotiating and managing large, enterprise suppliers (i.e. Microsoft, Oracle, Salesforce, Dell, HP, Broadcom, IBM, AT&T, etc.), delivering commercial value aligned to operational delivery and category strategies
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 professionally interact with staff and leadership
• Experience managing, coaching and developing a team of Procurement professionals
• Proven ability to handle multiple tasks without direct supervision, while paying strong attention to detail and follow-up
• Strong organization skills and background and use of Project/Program Management tools and methodology (Agile, Waterfall, Scrum, etc)
• Eager to gain new experiences, qualifications, and responsibilities
• Experience with electronic sourcing platforms, such as Ariba eSourcing, strongly preferred
• Ability to keep Sr. Procurement Leadership informed of current state of the team
Education
• Bachelor's Degree required with focus in Business Administration, Finance, Accounting or other applicable area or MBA with a similar concentration preferred
Business Overview
Bring your heart to CVS Health Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand — with heart at its center — our purpose sends a personal message that how we deliver our services is just as important as what we deliver. Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable. We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an affirmative action employer, and is an equal opportunity employer, as are the physician-owned businesses for which CVS Health provides management services. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law. We proudly support and encourage people with military experience (active, veterans, reservists and National Guard) as well as military spouses to apply for CVS Health job opportunities.
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