Strength Through Diversity
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Supply Chain – Req. 80769
Title: Senior Sourcing Agent
Responsible for Strategic Sourcing which is the practice of supplier selection based on the total cost of ownership (TCO) approach. TCO extends from conception of need through to disposition and emphasizes on selection not on a first-cost basis, but on costs of the whole experience of the product/service and the impact to departments within the organization.
It calls for establishment of close client relationships to ensure needs, test policies driving demand, and establish open specifications. This is done through a Value analysis process. The sourcing leader will prepare all analysis and pertinent information for the Chair of the respective Value Analysis Team and will assist the chair in facilitating the meetings. While savings are the most commonly understood measure of its work, Strategic Sourcing adds significant value to clarity of specifications of need, integrity of the supplier selection process, open evaluations of purchasing alternatives, contract documentation, ease of supplier implementations, supplier performance measurement and reporting, and confidence the organization benefits from decisions made on a TCO basis.
Roles & Responsibilities:
- Demonstrates knowledge of the organization’s Service and Financial Standards and incorporates them into the performance of duties.
- Assess Needs and Initiate Sourcing Projects. Initiates new projects based on high spend profile, potential for savings, upcoming contract expirations, supplier impacts and capital projects. Assist internal clients specify needs and define supplier performance expectations. Analyze and validate policies and practices driving demand.
- Defines sourcing strategies that optimize value in light of client needs and market conditions; Cooperate with stakeholders to guarantee agreement on terms and processes; Optimize sourcing procedures to attain maximum efficiency.
- Assess most beneficial means to access markets and drive the supplier behavior accordingly.
- Generate and implement efficient sourcing and category management strategies.
- Market Evaluations - Gathers and interprets market and competitive intelligence through formal and informal processes. Advocates competitive decision-making in the most efficient, least resource-intense process. Evaluates supplier capabilities to meet our needs through fair and thorough techniques.
- Supplier Selection- Establishes business cases supporting sourcing recommendations based on input from various sources; Discover and partner with trustworthy, credentialed, vendors and suppliers; Research and anticipate shifts in the negotiating power of suppliers.
- Project Management-Possesses the ability to lead projects using the full complement of resources available within the hospital. Must be able to interact with all areas of the project team and direct them to project completion. Applies project management skills that achieve project timing, and service and savings objectives.
- Analyzation Skills-Must possess the skills to interpret and analyze data both financially and clinically in order to present and interpret outcomes; Perform cost and scenario analysis, and benchmarking; Analyze and calculate costs of procurement and suggest methods to decrease expenditure. Must be able to explain and convey data to all end users.
- Implementation and Supplier Relationship Management - Partners with internal clients to implement efficient ordering routines that include appropriate controls. Assists departments implement sourcing changes, especially if moving to a new supplier and for more significant spends and services.
- Authors policies that drive demand and introduce and enforce appropriate behaviors in relation to suppliers.
- Contract Background-Must be able to negotiate contracts, terms and conditions, and ramifications of contractual verbiage as it relates to the product, service, supplier in question and those ramifications within the hospital. Develop contracts supporting our business requirements, including clearly defined service expectations/goods specifications, performance measurement practices and shortfall remedies.
- Management of the Value Analysis Process – Must be able to manage and lead numerous Value Analysis projects in order to ensure timely completion according to the Value Analysis Pipeline. Partners with the Value Analysis Sourcing Leaders and Committee Chairs to mitigate duplication of effort and propose new corporate opportunities.
- Builds Partnerships - Developing and leveraging relationships within and across work groups to achieve results.
- All other duties as assigned.
- Master’s in Business Administration or Master’s in Science or Healthcare related field
- Minimum of 5 years’ experience related to strategic sourcing responsibilities for various commodities—both products and services within healthcare organizations.
- Certified Materials Resource Professional (CMRP) or other recognized certification. Equivalents accepted upon review.
- MS Office Suite-Advanced
- Must demonstrate leadership of sourcing initiatives of a highly complex nature to accomplish implementations on both a departmental and cross-enterprise basis.
- Previous experience with analytics and data visualization.
- Previous experience managing small projects.
- Previous experience working independently and as part of a team.
- Previous experience working with tight deadlines.
- Knowledge of data visualization techniques.
- Knowledge of the system’s goals and how own work supports the system.
- Basic understanding of how healthcare organizations operate.
- Basic knowledge of the products in assigned category.
- Knowledge of contracting terms/conditions and the contracting process
Strength Through Diversity
The Mount Sinai Health System believes that diversity is a driver for excellence. We share a common devotion to delivering exceptional patient care. Yet we’re as diverse as the city we call home- culturally, ethically, in outlook and lifestyle. When you join us, you become a part of Mount Sinai’s unrivaled record of achievement, education and advancement as we revolutionize medicine together.
We work hard to acquire and retain the best people, and to create a welcoming, nurturing work environment where you can develop professionally. We share the belief that all employees, regardless of job title or expertise, can make an impact on quality patient care.
Explore more about this opportunity and how you can help us write a new chapter in our story!
Who We Are
Over 38,000 employees strong, the mission of the Mount Sinai Health System is to provide compassionate patient care with seamless coordination and to advance medicine through unrivaled education, research, and outreach in the many diverse communities we serve.
Formed in September 2013, The Mount Sinai Health System combines the excellence of the Icahn School of Medicine at Mount Sinai with seven premier hospital campuses, including Mount Sinai Beth Israel, Mount Sinai Beth Israel Brooklyn, The Mount Sinai Hospital, Mount Sinai Queens, Mount Sinai West (formerly Mount Sinai Roosevelt), Mount Sinai St. Luke’s, and New York Eye and Ear Infirmary of Mount Sinai.
The Mount Sinai Health System is an equal opportunity employer. We promote recognition and respect for individual and cultural differences, and we work to make our employees feel valued and appreciated, whatever their race, gender, background, or sexual orientation.