Sourcing Advisor
Apply NowCompany: W3R Consulting
Location: Chicago, IL 60629
Description:
Job Purpose:
Required Job Qualifications:
Preferred Job Qualifications:
- This Position Is Responsible for Contracting, Identifying & Developing Sourcing Strategies For The Most Cost Effective Pricing And Best Service, while negotiating cost for Professional Services: IT Consulting and IT Managed Services, Management Consulting, Corporate Functions: HR, Finance, Legal, Research, CASSIP categories. Advisor will also be responsible for building relationships with key stakeholders, managing escalations independently, understanding Business pipeline and forecast and providing a strategic plan for streamlining vendors while becoming a Subject Matter Expert for the appointed category.
- Advisor is responsible for participating in and supporting the design and implementation of strategic sourcing activities (RFPs, RFIs, Market Scans, Category Management) for appointed category; participating in the strategic sourcing process by partnering with Business stakeholders to define specifications and requirements, leading, conducting internal and external data & pricing analysis, and providing recommendations based on analysis.
- Advisor should be able to independently analyze Industry Markets And assess risk, gather intelligence on fundamental conditions, and technical Information that affects the category.
- Advisor will also be responsible for contract negotiations, pricing negotiations, contract compliance, vendor management, and stakeholder management.
- Advisors are expected to have excellent project management and time efficiency skills as they will be managing several sourcing projects and contracts at a given time along with multiple vendors and internal stakeholders.
- Advisor should be able to identify and develop cost reduction opportunities while maximizing benefit to the business.
- Advisor should be comfortable speaking and delivering presentations to internal business teams for RFx's as well as having excellent business acumen.
- As an Advisor you will gain a vast knowledge of the inner workings and operations for one of the largest healthcare plans in North America. Successful candidates should have a strong desire of learning about the healthcare industry.
Required Job Qualifications:
- Bachelor's degree in Supply Chain, Business or Finance, or 4 years of relevant experience
- Demonstrated thought leadership
- Ability to build strategic relationship with senior-level colleagues
- Experience with conducting wide-ranging research.
- Analytical skills to support and enhance procurement strategy and goals.
- Ability to function in ambiguous and/or time-sensitive situations.
- Clear, concise, and confident interpersonal, verbal and written communication skills.
- Knowledge and skills to participate and be effective in contract negotiations with industry suppliers.
- Strong multitasking capabilities
- Knowledge of strategic sourcing principles.
- Experience in project management and contract negotiation.
- Experience developing presentations and presenting to management and other internal groups.
- Effective Negotiating skills to reduce supplier base and to negotiate beneficial contracts
- Clear, concise, and confident interpersonal, verbal and written communication skills.
- Effective, proven negotiation skills, experience rationalizing supplier base and negotiating beneficial contracts.
- Knowledge of strategic sourcing best practices
- PC proficiency to include Word, Excel, PowerPoint
Preferred Job Qualifications:
- 3-6 years of experience in a relevant area (procurement, supply chain, or finance)
- Knowledge of client's organization.
- Knowledge of Business Process Outsourcing
- Knowledge of Insurance industry
- Knowledge of Category Management
- Bachelors degree in Supply Chain Management
- Experience in a procurement function, including with contract management activities
- Strong relationship management capabilities with internal and external stakeholders
- Strong Drive and interpersonal skills to manage multiple escalations internally/externally