Senior Corporate Procurement Strategic Sourcing Manager (Hybrid)

Senior Corporate Procurement Strategic Sourcing Manager Pay Range: $120,000.00 - $150,000.00 / year Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications obtained. Market and organizational factors are also considered. Successful candidates may be eligible to receive annual performance bonus compensation. Benefits Information We are proud to offer best-in-class benefits and programs to support employees and their families in living healthy, happy lives. Our pay and benefit plans have been designed to promote employee health in all respects - physical, financial, and developmental. Depending on whether it is a part-time or full-time position, some of the benefits offered may include: Day 1 Medical, supplemental health, dental & vision for FT employees who work 30+ hours Best-in-class well-being programs Annual, no-cost health assessment program Blueprint for Wellness healthyMINDS mental health program Vacation and Health/Flex Time 6 Holidays plus 1 "MyDay" off FinFit financial coaching and services 401(k) pre-tax and/or Roth IRA with company match up to 5% after 12 months of service Employee stock purchase plan Life and disability insurance, plus buy-up option Flexible Spending Accounts Annual incentive plans Matching gifts program Education assistance through MyQuest for Education Career advancement opportunities and so much more! Responsibilities For assigned categories in the Real Estate and Facilities Services portfolio, the successful candidate will develop, champion, and ensure implementation of ideas & strategies that will optimize total cost of ownership year-over-year. Category Management Strategies Developing and implementing of strategic sourcing plans for categories assigned. Fully understands and has a deep knowledge of the global landscape of categories assigned in terms of supplier base, technologies, competitive environment, total available market value (TAM), market trends and cost impactors. Performing category spend analytics across the Quest Diagnostics enterprise. Tracking forecasted vs. actual savings and performance indicators for assigned category and be responsible for communicating results/performance against these measures and any potential budgetary impact. Influencing internal operational, and other stakeholders as to their procurement requirements and assures those requirements are included in the category strategy. Developing strategic roadmaps with these suppliers in support of company's future business needs. Manage the Supplier Business Engagement Model based on supplier's segmentation. Assure active and open supplier communications, ensure suppliers capabilities are leveraged and supported for Quest Diagnostics strategic alignment. Structuring and influencing make vs. buy vs. outsource decisions. Sourcing Project Execution Influencing and establishing project requirements for relevant categories working with internal stakeholder decision makers. Defining and executing detailed plans to establish new supplier relationships and nurture existing supplier relationships that will result in meaningful contractual arrangements to support category strategies and related sourcing projects. Providing regular and consistent measurement reports to internal customers that bring visibility on category level compliance and savings. Identifying, qualifying, ranking, and selecting appropriate suppliers in collaboration with stakeholders and others within the enterprise. Developing negotiations strategies and drive negotiations to achieve stated goals and objectives. Negotiating contracts with suppliers of assigned categories. The terms of contracts include pricing, cost savings/reduction plans, delivery terms, payment terms, risk mitigation plans, quality terms, product development plans, regulatory compliances, etc. Analyzing risks and benefits of sourcing decisions and can clearly present proposals with this risk analysis. Making sourcing recommendations and decisions based on financial analysis, cost structure of categories, supplier alignment with Quest Diagnostics goals and strategies, and supplier position in their industry and marketplace. Leading cross-functional negotiating teams targeting key spend categories. Defining target groups and obtaining their buy-in for new projects that will assure Quest Diagnostics vision, goals and strategies are achieved. On-going Supplier Management Managing supplier development/relationships to ensure best in class pricing and price structures, product and service quality, continuity of goods and services, and alignment with internal client and company goals and strategies. Working with business area leadership to monitor contract compliance and business alignment. Managing the Quest Diagnostics Supplier Business Engagement Model. Conducts regular supplier performance reviews and strategic cost management initiatives, in collaboration with internal client leadership participation. Acting as a first escalation point if problems with the suppliers occur. Coordinating resolution of Supplier Performance issues. Managing day to day relationships; work with POC to solve conflicts in an open & candid way. Qualifications BA/BS in Supply Chain Management/Business/Engineering or related field required. Successful 5 year track record in a global procurement organization. Contract management experience. Experience/Ability to work in a matrixed organization. Demonstrated ability to work in a team environment. Strong influencing, change management, and negotiation skills. Multiple years of experience with strategic cost management techniques, including cost analysis, cost modeling, inclusive of cost take out work, and risk analysis. Present and advocate the sourcing case to a variety of audiences with self-confidence. Able to demonstrate a pattern of successful problem-solving. Knowledge of Supply management strategies and tools. Analytical and strategic thinking. Passion for setting and meeting aggressive goals. Openness for new initiatives, fast learner, proactive. Ability to lead teams and build effective working relationships both internally and externally, and particularly in a highly matrixed environment. Strong presentation, communication, and interpersonal skills. Demonstrate candor; ability to respectfully communicate to and challenge senior leadership. Results-oriented. Self-starter and independent worker. Strong work ethic; unyielding integrity. Ability to travel. Desired skills/experience/education MBA. Supply Chain, Procurement, PM Certifications. Healthcare Industry experience or knowledge. 5-10 years of experience in sourcing/supplier/category management. Experience with global sourcing initiatives. Ability to work under pressure. Advanced MS-Office user knowledge. Openness for new initiatives and a good listener. Experience in managing multi-functional projects. Experience in contract compliance and governance a plus. Quest Diagnostics honors our service members and encourages veterans to apply. While we appreciate and value our staffing partners, we do not accept unsolicited resumes from agencies. Quest will not be responsible for paying agency fees for any individual as to whom an agency has sent an unsolicited resume. Equal Opportunity Employer: Race/Color/Sex/Sexual Orientation/Gender Identity/Religion/National Origin/Disability/Vets or any other legally protected status. #J-18808-Ljbffr Quest Diagnostics Incorporated