IT Strategic Sourcing Leader Sr. Category Manager

CVS Health

2.7

(75)

Buffalo Grove, IL

Why you should apply for a job to CVS Health:

  • 62% say women are treated fairly and equally to men
  • 52% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.

    #R0164174

    Position summary

    nsible for the Enterprise Services IT spend category. This includes Enterprise IT Services with supplier in sub-categories such as hardware, software, cloud, data center, network/telephony, and end user compute. This role will be responsible for defining and executing sourcing strategies that drive P&L value across the services within the assigned CVS Health spend category. To achieve success in this role, the Category Manager must develop highly productive relationships with leaders and key business stakeholders, and leverage tools such as spend analytics, market intelligence, and existing vendor agreements to build and maintain a pipeline of sourcing opportunities within the category. In this position, you will also play a meaningful role representing procurement on large scale strategic enterprise initiatives and special projects (e.g. sourcing process transformation, acquisition integration, etc.).

    The Indirect Strategic Sourcing team manages over $9B in annual indirect spend across a range of IT and non-IT categories that support key business units across the enterprise (Retail, PBM, Insurance, Specialty/Clinical, etc.). As a Category Lead on the Sourcing team, you should have an enterprise mindset, possess highly developed business background, and be a strong communicator who is able to establish lasting relationships with business leaders as well as internal and external stakeholders. This critical role will report to a Lead Director within the Indirect Strategic Sourcing team.

    Develop and maintain short-, medium- and long-term category management and strategic sourcing plans, spend profiles, and pipeline of opportunities.

    Position Summary

    • Develop and maintain short, medium and long term category management and strategic sourcing plans, spend profiles, and pipeline of opportunities

    • Establish scheduled sourcing and category management reviews and planning sessions with key leaders within the assigned business area, shared services and procurement leadership; establish self as category management and strategic sourcing leader and expert

    • Lead analyst level resources on sourcing activities and analysis to ensure successful execution of RFx events aligned with category management strategy

    • Accountable for development and delivery of savings targets and measuring savings achievements

    • Serve as execution lead on major Sourcing events with high complexity, spend, and/or visibility

    • Educate business partners on policies and processes in place to support Strategic Sourcing; communicate and demonstrate team's value proposition

    • Maintain status of all completed, active, and planned sourcing activities to review with Strategic Sourcing management

    • Effectively communicate Strategic Sourcing's value proposition and goals to key leaders and stakeholders

    • Leverage spend analytics, market intelligence, and expiring contracts reporting to continuously build pipeline of opportunities for sourcing to address within category

    • Maintain strong working relationship with CVS Health's business and vendor management teams, ensuring that Strategic Sourcing is engaged early on all prospective engagements requiring vendor support

    • Work with stakeholders to develop bid strategies and create effective scope of work documents for competitive bid processes

    • Develop processes to ensure that CVS Health's business stakeholders are utilizing preferred suppliers wherever possible, thereby leveraging the enterprise's scale to drive greater value for the company

    • Collaborate with CVS Health's contracting team to identify new and creative approaches to contracting with vendor partners

    Required Qualifications

    • 7+ years of professional experience related to IT Strategic Sourcing & Category Management, Finance, Supply Chain, Procurement Analytics, Project Management, or Management Consulting

    • Ability to travel up to 15% for supplier presentations, site visits, and key department meetings at RI Headquarters (no more than quarterly)

    Preferred Qualifications

    • Possess a strong business acumen and high level of problem solving and critical thinking skills

    • Excellent communication and interpersonal skills, with an ability to confidently and expertly interact with internal and external stakeholders at all levels

    • Strong analytical ability, strategic thinker, learn and process new information quickly

    • Background and use of Project/Program Management tools and methodology (Agile, Waterfall, Scrum, etc)

    • Ability to quickly capture, analyze, and summarize large data sets

    • Strong organization and project management skills

    • Shown ability to handle multiple tasks without direct supervision, while paying strong attention to detail and follow-up

    • Intellectually curious, eager to gain new experiences, qualifications, and responsibilities

    • Proven experience negotiating complex technology agreements

    • Demonstrated expertise in developing vendor management and supplier consolidation plans

    • Experience with electronic sourcing platforms, such as ServiceNow, Ariba eSourcing, etc. is a plus

    Education
    Bachelor's degree required, focus in Accounting/Finance/Business Administration/Supply Chain or relevant equivalent work experience. MBA or relevant Master's degree is a plus

    Pay Range

    The typical pay range for this role is:

    $79,200.00 - $174,200.00

    This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. This position also includes an award target in the company's equity award program.

    In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company's 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off ("PTO") or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.

    For more detailed information on available benefits, please visit jobs.CVSHealth.com/benefits

    We anticipate the application window for this opening will close on: 05/20/2024

    Why you should apply for a job to CVS Health:

  • 62% say women are treated fairly and equally to men
  • 52% say the CEO supports gender diversity
  • Ratings are based on anonymous reviews by Fairygodboss members.