Director of Sourcing & Value Analysis

Reports to the Vice President of Supply Chain. The Director of Sourcing and Value Analysis holds a critical leadership role responsible for managing over $190 million in annual expenditures. This role involves overseeing the end-to-end sourcing of products and services, delivering substantial cost savings, standardizing sourcing processes, and providing strategic leadership to support the organization's initiatives. Collaboration with various cross-functional business units is essential to identify requirements, analyze supply markets, devise sourcing strategies, assess prospective suppliers, and negotiate agreements that offer exceptional value to the organization. The Director ensures systematic contract management throughout their life cycle, from initial vendor outreach to bid development, awarding, monitoring, and ongoing communication.
MISSION, VALUES and SERVICE GOALS

• MISSION: We deliver outstanding care, inspire health, and connect with heart.
• VALUES: Trust. Respect. Integrity. Compassion.
• SERVICE GOALS: Personally connect. Keep everyone informed. Be on their team.

Strategic Sourcing and Value Analysis:

• Lead the strategic sourcing team in systematically procuring goods and services for the company, ensuring alignment with price, capacity, and service commitments according to established strategies.
• Develop and implement effective supplier alignment strategies, including supplier assessment and development, supplier performance reviews, and proactive monitoring of supplier negotiation dynamics.
• Stay updated on GPO programs, national contract awards, and industry trends, adapting sourcing procedures for optimal efficiency.
• Facilitate and oversee value-analysis processes with clinical involvement.
• Prepare and present reports on the effectiveness of strategic sourcing efforts.

Contract Management:

• Direct the contracting team and collaborate with system teams to develop contracting strategies and negotiate agreements aligned with organizational goals.
• Regularly engage with suppliers to ensure adherence to pricing, service, and quality commitments, with a focus on corrective action plans for underperforming vendors.
• Work with the Vice President of Supply Chain, Risk Management, and Legal Counsel to mitigate legal and risk exposure.
• Ensure proper management of all contracts within the contract management system.
• Provide periodic reports on contracting effectiveness.

Continuous Improvement and Stakeholder Engagement:

• Develop and implement a continuous improvement plan, adapting it as needed to maintain expected results.
• Identify opportunities and overcome barriers to strategies, adjusting approaches as required.
• Foster positive relationships with departmental managers and directors, ensuring a comprehensive understanding of their needs to provide excellent service.
• Educate and influence internal stakeholders to align with the company's procurement strategies.
• Promote knowledge transfer within the team.
• Lead and contribute to other projects and duties as necessary.

Leadership Competencies

• Drives Results - Consistently achieving results, even under tough circumstances.
• Customer Focus - Building strong customer relationships and delivering customer-centric solutions.
• Instills Trust - Gaining the confidence and trust of others through honesty, integrity, and authenticity.
• Collaborates - Building partnerships and working collaboratively with others to meet shared objectives.
• Communicates Effectively - Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences.

ORGANIZATIONAL RESPONSIBILITIES

Associate complies with the following organizational requirements:

• Attends and participates in department meetings and is accountable for all information shared.
• Completes mandatory education, annual competencies and department specific education within established timeframes.
• Completes annual employee health requirements within established timeframes.
• Maintains license/certification, registration in good standing throughout fiscal year.
• Direct patient care providers are required to maintain current BCLS (CPR) and other certifications as required by position/department.
• Consistently utilizes appropriate universal precautions, protective equipment, and ergonomic techniques to protect patient and self.
• Adheres to regulatory agency requirements, survey process and compliance.
• Complies with established organization and department policies.
• Available to work overtime in addition to working additional or other shifts and schedules when required.

Commitment to Beacon's six-point Operating System, referred to as The Beacon Way:

• Leverage innovation everywhere.
• Cultivate human talent.
• Embrace performance improvement.
• Build greatness through accountability.
• Use information to improve and advance.
• Communicate clearly and continuously.

Education and Experience

A Bachelor's degree in Business Administration, RN, or related field is required, with a Master of Business Administration highly desirable. Minimum of five to seven years of progressive experience in supply chain, purchasing, distribution, capital procurement, and inventory control, preferably in a healthcare setting. Background in project management is essential. Certification as a Certified Purchasing Manager (CPM) or a Certified Materials and Resource Professional (CMRP) or Certified Value Analysis Professional is advantageous.

Knowledge & Skills

• Extensive knowledge of materials, supplies, and equipment used in the healthcare industry.
• Proficiency in standard operating procedures for managing material-related activities, including purchasing, budget development, inventory control, and supplier relationships.
• Strong planning, organizational, analytical, decision-making, negotiation, and problem-solving skills.
• Understanding of regulatory and accreditation agency requirements.
• Competence in personnel management, project management, computer applications, and interpersonal and communication skills.

Working Conditions

• Predominantly office-based work, with occasional exposure to warehouse environments.

Physical Demands

• Requires the physical ability and stamina to perform the essential functions of the position.