Strategic Sourcing / Contract Specialist

Overview

Our team members are the heart of what makes us better.

At Hackensack Meridian Health we help our patients live better, healthier lives — and we help one another to succeed. With a culture rooted in connection and collaboration, our employees are team members. Here, competitive benefits are just the beginning. It’s also about how we support one another and how we show up for our community.

Together, we keep getting better - advancing our mission to transform healthcare and serve as a leader of positive change.

The Strategic Sourcing / Contract Specialist is responsible for identifying and securing strategic cost saving through effective analytical skills, sourcing and contract negotiations for the Hackensack Meridian Health (HMH) network. Handles the RFP (Request for Proposal) process and protocols within the organization for business owners to provide significant cost savings across the HMH network. Completes an analysis of purchased supplies and services within a multi-facility procurement environment.

Responsibilities

A day in the life of an Strategic Sourcing  / Contract Specialist at Hackensack Meridian Health includes:

• Identify and present comprehensive savings analysis through contract negotiations utilizing current GPO (Group Purchasing Organization) or direct negotiations with a manufacturer/supplier. 
• Provide education and support along with the development of RFP (request for proposal) with key individuals and/or departments. Assists key individuals and/or departments with selection of manufacturer/supplier regarding final contract/price negotiations through execution of RFP (request for proposal).
• Source and negotiate core products through analytical, negotiation and interpersonal skills with multiple manufacturer/suppliers.
• Proactive in finding alternative manufacturer/suppliers quickly during pending threat/unforeseen crisis.
• Identifies, solicits, facilitates, and secures manufacturer/suppliers domestically and globally across a wide range of categories to meet or exceed all supply chain initiatives. 
• Meets with manufacturer/supplier sales representatives to learn about new products and services, including quarterly business reviews.
• Communicates new savings opportunities via Value Analysis team, as well as HMH organization. 
• Works collaboratively with key individual(s) and/or departments to identify and initiate value driven products, projects, and services for cost savings opportunities per department or across entire organization.
• Ensures pricing integrity and accuracy by working with Pricing and Data Integrity team to ensure all current pricing is maintained in our ERP system. 
• Work with Legal team to ensure fully executed contracts are uploaded and maintained in our contract management system. 
• Responsible for maintaining additions, renewals, deletions, updates, and price changes within contracts for HMH systems.
• Assist buying team in resolving price discrepancies.
• Assist in identifying substitute products related to recalls, alerts and FDA bulletins, backorders and product shortages. 
• Works with legal counsel to ensure all details for procurement are outlined and achieved during negotiations.
• Meets weekly with management and team members to review daily workload status, projects, improvements of workflow (through positive recommendations and constructive feedback in striving for excellence), provides coaching and mentoring within team as well as department. 
• Track all cost saving initiatives (monthly, quarterly, and yearly).
• Google platform user to analyze data: an ability to review categories as a whole and in detail by manufacturer/supplier, category, and subcategories.
• Procurement liaison to all departments regarding manufacturer/supplier contracts, products, and services.
• Understanding of the importance of HMH branding for all products and services.
• Other duties and/or projects as assigned.
• Adheres to HMH Organizational competencies and standards of behavior.

Qualifications

Education, Knowledge, Skills and Abilities Required:

• A Bachelor's degree and/or equivalent.
• Minimum of 5 years of relevant experience.
• Travel within HMH network as needed/required.
• Project management skills.
• Highly organized, ability to multitask, good time management skills for aggressive deadlines.
• Ability to adjust workload efforts based on new priorities assigned by management.
• Strong written and verbal communication skills.

Education, Knowledge, Skills and Abilities Preferred:

• Experience with Google.

Licenses and Certifications Required:

• Certified Materials & Resource Professional (CMRP) Certification at hire or obtained within 12 months of hire.

Licenses and Certifications Preferred:

• Certified Materials & Resource Professional (CMRP) Certification at hire or obtained within 12 months of hire.

If you feel that the above description speaks directly to your strengths and capabilities, then please apply today!   

 

Compensation
Minimum rate of $97,011.20 Annually

HMH is committed to pay equity and transparency for our team members. The posted rate of pay in this job posting is a reasonable good faith estimate of the minimum base pay for this role at the time of posting in accordance with the New Jersey Pay Transparency Act and does not reflect the full value of our market-competitive total rewards package.

The starting rate of pay is provided for informational purposes only and is not a guarantee of a specific offer. Posted hourly rates may be stated as an annual salary in the offer and posted annual salaries may be stated as an hourly rate in the offer, depending on the level and nature of the job duties and credentials of the candidate. The base compensation determined at the time of the offer may be different than the posted rate of pay based on a number of non-discriminatory factors, including but not limited to:

• Labor Market Data: Compensation is benchmarked against market data to ensure competitiveness.
• Experience: Years of relevant work experience.
• Education and Certifications: Level of education attained, including specialized certifications, credentials, completed apprenticeship programs or advanced training.
• Skills: Demonstrated proficiency in relevant skills and competencies.
• Geographic Location: Cost of living and market rates for the specific location.
• Internal Equity: Compensation is determined in a manner consistent with compensation ranges for similar roles within the organization.
• Budget and Grant Funding: Departmental budgets and any grant funding associated with the job position may impact the pay that can be offered.

Some jobs may also be eligible for performance-based incentives, bonuses, or commissions not reflected in the starting rate. Certain positions may also be eligible for shift differentials for work performed on evening, night, or weekend shifts.

In addition to our compensation for full-time and part-time (20 hours/week) job positions, HMH offers a comprehensive benefits package, including health, dental, vision, paid leave, tuition reimbursement, and retirement benefits.

HACKENSACK MERIDIAN HEALTH (HMH) IS AN EQUAL OPPORTUNITY EMPLOYER

All qualified applicants will receive consideration for employment without regard to age, race, color, creed, religion, sex, sexual orientation, gender identity or expression, pregnancy, breastfeeding, genetic information, refusal to submit to a genetic test or make available to an employer the results of a genetic test, atypical hereditary cellular or blood trait, national origin, nationality, ancestry, disability, marital status, liability for military service, or status as a protected veteran.

Our Network

Hackensack Meridian Health (HMH) is a Mandatory Influenza Vaccination Facility

As a courtesy to assist you in your job search, we would like to send your resume to other areas of our Hackensack Meridian Health network who may have current openings that fit your skills and experience.

Salary : $97,011