Strategic Sourcing Portfolio Manager

Virtua Health Supply Chain Specialist

Location: Stow - 20 W Stow Rd

Remote Type: On-Site

Employment Type: Employee

Employment Classification: Regular

Time Type: Full time

Work Shift: 1st Shift (United States of America)

Total Weekly Hours: 40

Job Summary

Reviews, negotiates and executes all assigned supply contracts, service agreements, blanket orders and onetime purchases. Maintains contracts with internal stakeholders, supplier representatives, sourcing peers and Group Purchasing Organization. Demonstrates value analysis, expense reduction, and customer service skills while navigating a complex multi-facility sourcing environment. Objective is to ensure best in class industry pricing and contract terms and conditions. Individual will receive guidance and oversight from director but is expected to exercise critical thinking to bring forth solutions to problems.

Position Responsibilities

Manages and negotiates contracts to ensure competitive pricing, price protection, and service levels. Ensure that appropriate authorization, routing of contracts, distribution and document management occurs. Ensure all configuration changes pertaining to new or amended contracts are implemented in a timely and accurate manner.

Develops and introduces better utilization of products and services. Implements suggestions, securing measurable savings.

Initiates, creates, facilitates and manages the bid process for products and services.

Works with internal stakeholders to do market research and strategy development.

Regularly meet with assigned vendors to review contracts, evaluate vendor performance and consider future opportunities.

Reviews and resolves invoice discrepancies and accruals.

Position Qualifications Required

Required Experience: 5 years of progressively responsible experience in sourcing or procurement activities, would consider candidates with 2-3 years' experience and a bachelor's degree.

Required Education: High School diploma required. Bachelor's Degree preferred.

Annual Salary: $75,177 - $116,950 The actual salary/rate will vary based on applicant's experience as well as internal equity and alignment with market data. This position is eligible to participate in one of Virtua's annual incentive compensation plan (AICP). The amount is subject to the terms and conditions of the plan document.

Virtua offers a comprehensive package of benefits for full-time and part-time colleagues, including, but not limited to: medical/prescription, dental and vision insurance; health and dependent care flexible spending accounts; 403(b) (401(k) subject to collective bargaining agreement); paid time off, paid sick leave as provided under state and local paid sick leave laws, short-term disability and optional long-term disability, colleague and dependent life insurance and supplemental life and AD&D insurance; tuition assistance, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.