Senior Category Manager, Strategic Sourcing

Senior Category Manager, Strategic Sourcing

We're building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you'll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time.

Position Summary

The Senior Category Manager, Strategic Sourcing plays a critical role in advancing CVS Health's enterprise transformation by leading strategically important sourcing initiatives across indirect procurement. This role combines data, technology, and strong business partnership to modernize how sourcing decisions are defined, executed, and communicated. This position operates within a forward-looking procurement organization that is actively embedding digital tools, advanced analytics, and emerging AI capabilities into sourcing workflows—enabling smarter decisions, faster execution, and increased enterprise value.

Key Responsibilities

Category Strategy & Management

· Develop and evolve multi-year category strategies, leveraging market intelligence, demand analysis, total cost of ownership, and negotiation strategies to drive sustainable value and risk mitigation

· Define and lead category-level negotiation approaches, aligning objectives, negotiation levers, and concession strategies with financial goals, market dynamics, and enterprise priorities

· Lead stakeholder and leadership reviews to align category sourcing and negotiation roadmaps with financial, operational, and enterprise strategy

· Use advanced spend and market analytics to inform negotiation planning, guide cost reduction, optimize the supply base, and unlock category value

· Advance category strategy through emerging technology and AI, applying automation and analytics to enhance negotiation insights, improve cycle times, and strengthen decision-making

Strategic Sourcing & Negotiations

· Lead end-to-end sourcing initiatives for complex categories (RFx through contract award)

· Execute negotiations with embedded productivity, continuous improvement, and market-based pricing mechanisms

· Deliver year-over-year savings through disciplined opportunity pipelines and value tracking

· Apply competitive bidding, should-cost analysis, and total value frameworks to maximize outcomes

Stakeholder Partnership

· Act as a trusted advisor to senior leaders by translating sourcing strategies into clear business results

· Drive cross-functional alignment across Finance, Legal, IT, Contracting, and Operations

· Communicate insights and recommendations in concise, executive-ready formats

Team Leadership & Development

· Develop sourcing talent in analytics, negotiation, and sourcing methodologies

· Foster a high-performance culture grounded in accountability, continuous improvement, and data-driven decision-making

Key Competencies

· Strategic mindset connecting analytics, technology, and business outcomes

· Proven ability to lead sourcing initiatives end-to-end in evolving or transformational environments

· Strong stakeholder management and cross-functional influence

· Comfort navigating ambiguity and driving structure through data and process discipline

· Interest in leveraging automation, advanced analytics, and AI to elevate sourcing effectiveness

Qualifications

· 7+ years of experience in strategic sourcing, category management, or procurement

· Proven leadership of complex RFx events, negotiations, and end-to-end sourcing

· Track record of sustained year-over-year cost savings and strong analytical skills

· Experience with indirect categories, digital procurement tools, and/or professional certification

Education

Bachelor's degree or equivalent years of experience is required; MBA or advanced degree preferred

Work Model: Hybrid

Candidates within commuting distance to Woonsocket, RI; Hartford, CT; Buffalo Grove, IL; will work onsite two days per week.

Pay Range

The typical pay range for this role is:

$82,940.00 - $182,549.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. This position also includes an award target in the company's equity award program.

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families. This full-time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well-being of colleagues and their families. The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility.