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Strategic Sourcing Specialist

Healthfirst
4 days ago
Full-time
Remote friendly (New York, NY, United States)
United States
$51,000 - $80,070 USD yearly
Indeed

The Strategic Sourcing Specialist executes enterprise strategic sourcing initiatives across multiple spend categories, translating category sourcing strategies into disciplined, competitive sourcing events that deliver measurable commercial value. The role manages RFx execution, supplier engagement, proposal analysis, evaluation coordination, sourcing documentation, and commercial support while ensuring sourcing activities are completed efficiently, consistently, and in accordance with enterprise procurement standards. Working within the Procurement Operations Hub, the Strategic Sourcing Specialist partners closely with Category Management, Vendor Management, the Procurement Center of Excellence (COE), Legal, Finance, Compliance, and business stakeholders. The role leverages market intelligence, digital sourcing tools, analytics, and AI-enabled capabilities to improve sourcing speed, transparency, competition, and decision quality while maintaining clear accountability: Category Management owns category and commercial strategy, and the Strategic Sourcing Specialist leads disciplined sourcing execution in support of that strategy. Duties & Responsibilities Strategic Sourcing Execution Lead the operational execution of competitive sourcing initiatives across enterprise procurement categories, including RFIs, RFPs, RFQs, supplier evaluations, and other market engagement activities. Translate approved category and sourcing strategies into structured sourcing plans, event timelines, supplier communications, evaluation frameworks, and procurement documentation. Manage sourcing events from launch through evaluation and recommendation, ensuring fairness, transparency, competition, and adherence to established procurement methodologies. Coordinate supplier questions, proposal submissions, presentations, clarification sessions, and evaluation activities throughout the sourcing lifecycle. Partner with Category Managers to ensure sourcing execution remains aligned with business objectives, commercial strategy, risk requirements, and desired business outcomes. Commercial Analysis & Supplier Evaluation Analyze supplier proposals, pricing submissions, commercial terms, service models, and evaluation results to support objective supplier selection decisions. Develop bid comparison models, total cost analyses, pricing summaries, scenario comparisons, and commercial evaluation materials that clearly identify value opportunities and tradeoffs. Support Category Management in identifying commercial risks, negotiation opportunities, supplier dependencies, and potential value levers. Prepare sourcing recommendations and supporting analyses for stakeholder and leadership review in accordance with procurement governance requirements. Coordinate supplier due diligence and required risk inputs with appropriate enterprise stakeholders before recommendation and award. Market Intelligence & Sourcing Insights Conduct supplier market research to identify qualified suppliers, emerging providers, competitive alternatives, and relevant market developments. Develop supplier profiles, capability assessments, market scans, and benchmarking inputs that strengthen sourcing strategies and commercial negotiations. Partner with the Procurement Intelligence Analyst to leverage spend analytics, pricing intelligence, supplier data, and market insights throughout sourcing engagements. Monitor supplier markets, pricing trends, technology developments, and sourcing practices that may create opportunities for increased competition, innovation, or value. Document and share sourcing insights and lessons learned to improve future sourcing strategies and enterprise procurement knowledge. Sourcing Project & Stakeholder Management Coordinate cross-functional sourcing teams involving Category Management, business stakeholders, Legal, Finance, Compliance, Information Technology, Risk, and other subject matter experts as required. Establish sourcing project plans, milestones, responsi…

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