Responsible for leading category / vendor management processes and optimization initiatives to support enterprise wide Indirect Categories at Tufts Health Plan (including IT, Professional Services, Marketing etc.). The ideal candidate will possess:

• 5-7 years of experience leading strategic sourcing and vendor management activities
• Knowledge and expertise within indirect categories,
• Strategic, analytical, and interpersonal skills to act as an effective change agent.
• A consistent track record of delivering business impact in a complex corporate environment and
• Strong implementation skills supported by strategic vision to drive spend management excellence in complex categories.

Excellent analytical capabilities, communication skills, business acumen, influencing technique, and collaboration savvy in a team environment is also critical.

 

KEY RESPONSIBILITIES/ESSENTIAL FUNCTIONS

Contract Review, Modification, Negotiation

• Work with business owners and the legal department to create and negotiate vendor contracts.
  
• Develop contract language in conjunction with the Legal Department
  
• Negotiate price and contract language with vendors, while working in conjunction with the Legal Department and the business owner

Competitive Bidding, Negotiations and Cost Reduction Initiatives

• Follow all policies and procedures regarding the sourcing, selecting and management of vendors. Responsibilities include:
  
• Develop Request for Proposal (RFP) documents in coordination with the appropriate project leader.
  
• Manage the RFP process, acting at the main point of contact with vendors and business owners
  
• Synthesize RFP responses into meaningful, actionable summaries
  
• Collaborate with Business Owners to recommend the best Vendor to meet business needs

Vendor Relationships & Performance Measurements

• Measure and track vendor performance to ensure appropriate service levels are maintained with key vendors. This will be accomplished by working with vendors and business owners to establish and monitor mutually agreeable service level agreements and terms and conditions of the business relationship
• Provide feedback on performance, seek continuous improvement and innovation
  
• Work with vendors and key stakeholders to manage vendor performance and develop new capabilities
  
• When performance issues emerge, identify root causes and work with internal and external stakeholders to drive efficient resolution
  
• Identify and capture profit improvement opportunities beyond sourcing, such as demand management, process improvements, insource vs. outsource innovation, etc.
  
• Regularly monitor the market for category leading practices and demand/supply shifts such as vendor consolidation, technology innovations, etc.
  
• Implement strategies to best manage the vendor base for categories in scope, reviewing vendors against contracted obligations/service levels and business expectations
  

Project Management

• Provides project management experience in situations where vendor participation is a key component to successful project implementation and that skill set is not inherent in the functional area.

Other projects as assigned

 

JOB QUALIFICATIONS: KNOWLEDGE/SKILLS/ABILITIES

EDUCATION: (Minimum education & certifications required)

• BS/BA degree in relevant area such as Business Administration, Supply Chain or Finance required.

EXPERIENCE: (Years of experience)

• 5-7 years of relevant strategic sourcing experience demonstrating success in positions of increasing complexity.

SKILL REQUIREMENTS: (Include interpersonal skills)

• Experience with category management strategies for categories in scope, opportunity diagnostic, strategic sourcing process, vendor management with a proven track record of delivering business impact
• Demonstrated analytical, financial, problem solving, organization, and project management skills
• Highly motivated with an entrepreneurial mindset, proactive and innovative
• Experience working effectively in complex organizations
• Ability to lead and influence change in the face of complexity and ambiguity
• Excellent stakeholder engagement skills
• Thrives in a fast paced, goal oriented, dynamic organization with time sensitive deadlines
• Leverage market data, external expert resources, spend analytics, and cost modeling to drive fact based decision making
• Strong project management skills, including stakeholder timelines and meeting management skills
• Expert understanding of contract terms and techniques for driving additional value and managing risks
• Ability to support, lead and conduct successful negotiations
• Develop and manage relationships across the business to achieve key business, organizational and cross-cultural objectives.
• Demonstrated ability to develop highly functioning business relationships at senior levels both within and outside the organization.
• Knowledge of Vendor Management tools (SRM, conducting Quarterly Business Reviews, etc.)

• Technology-savvy and high competency in MS office; Advanced Excel skills and other analytics software as well as eSourcing, reverse auctions, etc.

Communication

• Excellent written, verbal and presentation skills including meeting facilitation and presentations
• Ability to interact effectively and gain credibility with internal associates at all levels as well as external third parties

WORKING CONDITIONS AND ADDITIONAL REQUIREMENTS: (include special requirements, e.g., lifting, travel, overtime)

• Fast paced office environment handling multiple demands.
• Requires ability to use desktop computer equipment for extended periods of time to create documents and conduct numerical analysis.
• General office setting.
• May require travel to vendor locations.

CONFIDENTIAL DATA: All information (written, verbal, electronic, etc.) that an employee encounters while working at Tufts Health Plan is considered confidential. Exposed to and required to deal with highly confidential and sensitive material and must adhere to corporate compliance policy, department guidelines/policies and all applicable laws and regulations at all times.

 

Commitment to Diversity, Equity & Inclusion

Point32Health is committed to making diversity, equity, and inclusion part of everything we do—from product design to the workforce driving that innovation. Our DEI strategy is deeply connected to our core values and will evolve as the changing nature of work shifts. Programming, events, and an inclusion infrastructure play a role in how we spread cultural awareness, train people leaders on engaging with their teams and provide parameters on how to recruit and retain talented and dynamic talent. We welcome all applicants and qualified individuals, who will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

COVID Policy

Please note: As of January 18, 2022, all employees — including remote employees — must be fully vaccinated. This position will require the successful candidate to show proof of full vaccination against COVID-19. Point32Health is an equal opportunity employer, and will consider reasonable accommodation to those individuals who are unable to be vaccinated consistent with federal, state, and local law.

 

About the Company

Point32Health is a leading health and wellbeing organization, delivering an ever-better personalized health care experience to everyone in our communities. At Point32Health, we are building on the quality, nonprofit heritage of our founding organizations, Tufts Health Plan and Harvard Pilgrim Health Care, where we leverage our experience and expertise to help people find their version of healthier living through a broad range of health plans and tools that make navigating health and wellbeing easier.

We enjoy the important work we do every day in service to our members, partners, colleagues and communities.

This job has been posted by TalentBoost on behalf of Point32Health. TalentBoost is committed to the fundamental principle of equal opportunity and equal treatment for every prospective and current employee. It is the policy of TalentBoost not to discriminate based on race, color, national or ethnic origin, ancestry, age, religion, creed, disability, sex and gender, sexual orientation, gender identity and/or expression, military or veteran status, or any other characteristic protected under applicable federal, state or local law.

Req ID: R6008

Posted On: Tuesday, March 7, 2023