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Under direction, this position supports developing and executing sourcing strategies for Advocate Health (may include supplies, pharmaceuticals, services, or capital), leveraging best practices, identifying cost containment opportunities, and standardizing products. Ensuring purchasing strategies support Advocate Health’s strategic plan, mitigate risk, maximize efficiency, and achieve cost, quality, and service delivery goals. Supporting the functional team strategy to enterprise strategy.
MAJOR RESPONSIBILITIES
Strategy Development: supports strategic sourcing best practices for enterprise across assigned categories. Supports sourcing strategies such as analyzing market fundamentals, industry data, price benchmarks, cost drivers and trends, key cost variances, and economic forecasting in assigned categories. Categorizes and analyzes spend categories and assesses market and sourcing options to prioritizing areas for maximizing value and cost synergies.
Sourcing Process Management: assist with the end-to-end sourcing process, including supplier identification, qualification, selection, negotiation, and contracting. Ensure compliance with relevant policies, procedures, and regulations. Assist in strategies to bring non-contracted products and services under contract, assuring best contract coverage for assigned categories. Consults with Legal on contractual issues concerning proper legal terms and conditions. Ensuring all other relevant departments’ evaluations of contracts are triggered (IT, Data Security, etc.) which can vary by contract type.
Cost Optimization: Supports cost-saving opportunities through comprehensive analysis of utilization, pricing, and contracting. Aids in cost containment strategies, such as standardization, utilization controls, and value-based purchasing. Assists in the attainment of maximum savings in total delivered cost of supplies, pharmaceuticals, services, and equipment in assigned categories.
Supplier Relationship Management: Aid in monitoring supplier performance. Collaborate with cross-functional teams to address supplier-related issues and ensure timely resolution.
Cross-functional Collaboration: Work closely with sourcing leaders and other relevant stakeholders to understand their needs and priorities.
Clinical Integration: Collaborate with sourcing leadership to ensure the seamless integration of value analysis. Support educational programs and materials to promote awareness and adoption of value-based approaches throughout enterprise.
Data Analysis and Reporting: Assist in production of metrics and performance indicators to measure the impact of strategic sourcing initiatives on cost savings, quality improvement, and patient outcomes. Assist in analyzing data to identify trends, monitor progress, and generate actionable insights. Prepare regular reports and presentations for leadership, highlighting key findings, achievements, and recommendations.
Continuous Improvement: Stay updated on industry trends, emerging technologies, and best practices. Supports a culture of continuous improvement, leveraging data analytics, technology tools, and industry collaborations to enhance the strategic sourcing process and drive ongoing improvement in patient care delivery.
Risk Management: Supports risk mitigation associated with the sourcing process, including supply chain disruptions, quality issues, regulatory compliance, and geopolitical factors related to assigned categories. Aids in contingency plans to minimize potential impact on the organization.
Assists in developing Requests for Proposal (RFP), Request for Information (RFI), and Invitations for Bid (IFB) in accordance with directives and program requirements.
Ensures contracting process engages end-users to define service and product attributes through facilitated pre-contracting initiatives.
Supports a rolling three-year plan for supplies, implants, pharmaceuticals, purchased services and capital categories as assigned.
MINIMUM EDUCATION AND EXPERIENCE REQUIRED
KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED
PHYSICAL REQUIREMENTS AND WORKING CONDITIONS
This job description indicates the general nature and level of work expected of the incumbent. It is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities required of the incumbent. Incumbent may be required to perform other related duties.
Full Time
Hospital
$76k-97k (estimate)
12/14/2023
07/18/2024
advocatehealth.com
DOWNERS GROVE, IL
>50,000
2017
JIM SKOGSBERGH
$10B - $50B
Hospital
Advocate Health Care is proud to be a part of Advocate Aurora Health, the 11th largest not-for-profit, integrated health system in the United States and a leading employer in the Midwest with more than 75,000 employees, including more than 22,000 nurses and the regions largest employed medical staff and home health organization. A national leader in clinical innovation, health outcomes, consumer experience and value-based care, Advocate Aurora serves nearly 3 million patients annually in Illinois and Wisconsin across more than 500 sites of care. Advocate Aurora is engaged in hundreds of clinic...al trials and research studies, and is nationally recognized for its expertise in cardiology, neurosciences, oncology and pediatrics. The organization contributed nearly $2.2 billion in charitable care and services to its communities in 2019. To learn more, visit advocateaurorahealth.org. Looking for employment at Advocate? Visit our careers page at http://jobs.advocatehealth.com/ Read our social media community engagement guidelines: aah.org/social
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Quotes from people on Sourcing Specialist job description and responsibilities
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Career tips from people on Sourcing Specialist jobs
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