Director Strategic Sourcing

Summary

Summary

Develops and directs system-wide Strategic Sourcing for Virtua’s $2.3 billion operating revenue-based system. Ensures high-quality, cost effective software, IT hardware, materials, medical supplies, implants and services are available as required. Responds to crises interrupting supply chain operations by developing creative approaches in sourcing vendors and negotiating contracts to ensure there is no disruption to clinical operations or other organizational functions. Effectively manages vendor relationships. Supports or leads both clinical and non-clinical resource management projects. Collaborates with senior management, physicians, other clinicians, and the legal department on strategic and operational initiatives including value analysis product review and approval. Executes planning, implementation and optimization of the Supply Chain ERP, software systems automation, contract lifecycle and monitoring of KPIs for Sourcing. Collaborates with senior management, physicians, other clinicians, and the legal department on strategic and operational initiatives.

Position Responsibilities

• Planning and execution of Virtua’s strategic initiatives as they relate to Strategic Sourcing / Contract management, including the group purchasing organization (GPO) relationship development and compliance management, vendor relationships, Supply Chain ERP and other software systems upgrades & functionality, acquisitions, divestitures, etc.
• Ability to be flexible and creatively adapt quickly to extraordinary circumstances.
• Department operations: hiring and training of staff, reviewing and updating policies and procedures, oversight of procurement card transactions, ongoing education of staff, etc. Ensures a high level of colleague engagement.
• Reporting and management of Key Performance Indicators – Pricing Discrepancies, Contract Status, timely renewals, etc.
• Supports and engages with senior leaders, physicians and other clinicians on system-wide contracting initiatives and value analysis product review and approval committees. Collaborates with or leads the Value Analysis and Distribution Center team to resolve backordered supply issues by facilitating contracts with alternate vendors, supplier relationship management and other efforts to mitigate service interruption.
• Manages the department’s operational budget. Maximizes rebates and GPO share backs eligible to Virtua, tracking and measuring accordingly.
• Oversees and manages annual Business Plans and Financial Impact Report savings reporting (actual vs. planned).
• Responsible for review and approval of all Contracts and ensures their compliance with Virtua policies and procedures.

Position Qualifications Required / Experience Required

• 8 years progressively responsible experience in Purchasing and Healthcare Resource Management.
• Three years' leadership experience required.
• In-depth knowledge of accepted Purchasing concepts and practices.
• Experience in Contract management, bid processes and analysis.
• Understanding of contract law and ability to understand contract language and create contract documents.
• PC skilled and experience in Windows-based environment. Materials Management Information System experience is required.

Required Education

Bachelor’s degree required.

Training/Certifications/Licensure

Valid driver's license may be required.

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