New

Sourcing Specialist

Blue Cross and Blue Shield of Rhode Island
$64,600 - $96,800
United States, Rhode Island, Providence
500 Exchange Street (Show on map)
Apr 30, 2025
Please email HR_Talent_AcquisitionTeam@bcbsri.org if you are a candidate seeking a reasonable accommodation for the application and/or interview process. Schedule: Hybrid Compensation: $64,600 - $96,800 Jump into the new world of health insurance: At Blue Cross & Blue Shield of Rhode Island (BCBSRI), our business is healthcare. But our focus is on improving lives. Be part of a team that is large enough to make a difference but small enough to be innovative. Work in a rapidly changing field. Take a chance to be creative. Move outside the status quo. Shape new ideas with the power of a national brand behind you. Join others who know diversity is strength: We appreciate and celebrate everything that makes us unique: age, national origin, citizenship status, perspectives, experiences, physical or mental disability, military status, race, ethnicity, religion, gender, sexual orientation, gender identity and/or expression. Our diversity strengthens us as an organization and helps us better serve an increasingly diverse Rhode Island population. Why this job matters: Responsible for driving and implementing tailored strategic sourcing strategies and techniques to create cost savings, manage demand for external vendor resources, and to influence positive change in purchasing behavior at all levels of management throughout the organization. What you will do: Develop and implement strategic sourcing strategies to meet enterprise-wide objectives. Execute the end-to-end strategic sourcing process for assigned commodities, which includes gathering data, conducting market research, benchmarking, and identifying potential vendors, and recommending the optimal procurement approach (RFI, RFP, reverse eAuction, etc.). Create and issue the procurement documents; facilitate the procurement approach. Analyze vendor responses, create vendor scorecards and facilitate discussions with business decision makers. Conduct vendor negotiations and contract signatures; implement vendor contracts. Coordinate the negotiation and legal assessment of relevant vendor contract agreements, aid in assessing the performance of key vendors and developing vendor improvement plans to support the continued focus on delivering improved value. Ensure the standard process for all RFx's and contract documentation are being followed by the business units. Act as a liaison to the legal team in coordinating executive and vendor execution of legal contracts, statements of work, change orders, addendums, and other required legal documents. Support management team on cross-functional project coordination and internal process compliance with corporate policies, particularly the purchasing policy. Support the monitoring of the vendor management process compliance and the Strategic Vendor Management program. Maintain relationships with potential and existing vendors, such as coordinating vendor presentations and conference calls, and obtain purchasing reports from diversity vendors. Respond to questions from vendors, and internal business customers related to the request for information and/or proposal, and requisition process. Participate in department initiatives and projects. Perform other duties as assigned. What you need to succeed: Bachelor's degree in Supply Chain, Business, Finance or related field; or equivalent combination of education and experience Three to five years experience in strategic sourcing and vendor management Knowledge of key vendor performance metrics Proven track record implementing complex supply chain deals Ability to influence and lead strategic supply chain and business change Ability to interpret and apply contract language Advanced analytical skills, with the ability to interpret and synthesize complex data sets Good business acumen and political savvy Knowledge of business process improvement techniques and strategies Excellent verbal and written communications skills Negotiation skills Presentation skills Decision-making skills Good problem-solving skills Ability to interface with employees at all levels Ability to effectively navigate ambiguous situations with limited direction Excellent organizational skills and ability to successfully prioritize multiple tasks Ability to handle multiple priorities/projects The extras: Three or more years of relevant experience with a Fortune 500 organization or management consultancy Location: BCBSRI is headquartered in downtown Providence, conveniently located near the train station and bus terminal. We actively support associate well-being and work/life balance and offer the following schedules, based on role: In-office: onsite 5 days per week Hybrid: onsite 2-4 days per week Remote: onsite 0-1 days per week. Permitted to reside in the following states, pending approval from the Human Resources Department: Arizona, Connecticut, Florida, Georgia, Louisiana, Massachusetts, North Carolina, Oklahoma, Rhode Island, South Carolina, Texas, Virginia At Blue Cross & Blue Shield of Rhode Island (BCBSRI), diversity and inclusion are central to our core values and strengthen our ability to meet the challenges of today's healthcare industry. BCBSRI is an equal opportunity, affirmative action employer. We provide equal opportunities without regard to race, color, religion, gender, age, national origin, disability, veteran status, sexual orientation, genetic information and gender identity or expression. The law requires an employer to post notices describing the Federal laws prohibiting job discrimination based on race, color, sex, national origin, religion, age, equal pay, disability, veteran status, sexual orientation, and genetic information and gender identity or expression. Please visit https://www.eeoc.gov/employers/eeo-law-poster to view the "EEO is the Law" poster.