Strategic Sourcing Analyst

Location: 
MCSS-MemorialCare Shared Svcs
Schedule: 
Full Time
Shift: 
Day Job
Job Listing: 
MEM003626
Purchasing, Material Services

Purpose Statement / Position Summary

Participates in the cost-effective strategic sourcing of equipment, supplies, pharmaceuticals, and services from acquisition through disposition in accordance with MHS policy and procedures, contracting strategy and MHS goals. Plays a crucial role in providing data to support decision making by researching, analyzing and presenting data to key stakeholders including clinicians, Sourcing and Supply Chain Leaders.Under the guidance of the Purchasing and Sourcing Manager, the Strategic Sourcing Analyst has responsibility for supporting item master integrity; review, analysis and maintenance of contract prices, terms and conditions, and other related invoice charges; validation in MMIS to ensure integrity of information used in cost/benefit analysis and vendor profiles to achieve financial savings and support contracting decisions.

Essential Functions and Responsibilities of the Job

  • Creates, improves role/team standard work that supports MHS policy, Strategic Sourcing principles, and contracting strategy ensuring accurate, comprehensive, efficient item master contract loading, integrity maintenance improvements.

  • Plays a crucial role in providing data to support decision making by researching, analyzing and presenting data to key stakeholders including clinicians, Sourcing and Supply Chain Leaders.

  • Evaluates contracts for opportunities to improve terms and reduce expenses; recommends contract changes (manufacturer/distributor) and reports results.

  • Proficiently performs cost/benefit analysis; collects, records, retrieves and efficiently communicates purchased related information.

  • Ensures appropriate, accurate, and efficient contract validation, execution of LOC/LOP, and respective maintenance procedures at target performance

  • Ensures all contracts are analyzed with cross-reference to determine the most cost effective suppliers for reduction of overall cost.

  • Supports coordinate product conversions with facility, distributor, buyers, contract administrators and strategic sourcing team.

  • Conducts root cause analysis and effectively problem-solves with all involved and/or all impacted stakeholders.

  • Ensures all systems and Purchasing and Inventory Control applications are compatible with, and supportive of, the overall information needs of MHS, and remain consistent with the installed base of information systems and in compliance with established architectural standards.

  • Supports Contract Management team by providing detailed analytics, dashboards and presents opportunities for standardization and cost savings.

  • Provides service line reporting including analyzing data from various sources and performing performance audits to ensure contract and standardization compliance.

Qualifications: 

Experience

  • Minimum 3 years of relevant knowledge and experience with finance, purchasing, contracting, and contract analysis.

  • Experience and proficiency with ERP and/or MMIS systems (PeopleSoft preferable).

  • Advanced level proficiency with spreadsheets, word processing and database applications.

  • Experience with project management, analytical, logical thinking and problem-solving skills.

  • Demonstrated English grammar, spelling and internal/external business-level correspondence proficiency.

  • Requires exceptional poise and tact in presenting and interpreting information in clear, concise and understandable manner.

Education

  • AA accounting, finance, economics, business law, math or statistics preferred; equivalent experience may be considered.

  • Related and/or Lean certification preferred.

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