
IT Strategic Sourcing Leader – Sr. Category Manager
CVS Health
United States, Rhode Island, Cumberland
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Salary
$75,400 - $162,700 Per Year

Rank
Senior Manager

Responsibility
Functional Tower Lead

Scope
Regional

Workplace
Hybrid

Functions
Finance
IT
Procurement
Supply Chain

Reports to
Lead Director

Level
N-2

Travel Max:
50%

Posting Date
07-28-2023
Description
This role will ideally be a hybrid position based out of Cumberland, RI or Buffalo Grove, IL and candidates within a commutable distance to one of these locations will be required to be in office 2 or 3x weekly
CVS Health’s Enterprise Procurement department, a key function within the company’s Finance Global Business Services organization, is in search of a Sourcing Category Manager who be responsible for the Enterprise Services IT spend category. This includes Enterprise IT Services with supplier in sub-categories such as hardware, labor, 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 Sr. Category Manager must lead the establishment and development of highly productive relationships with key stakeholders and executive leaders as part of their relationship management practice.
The Sr. Category Manager will be a SME and highly skilled in use of 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 leadership role representing procurement on large scale strategic enterprise initiatives and special projects (e.g. sourcing process transformation, acquisition integration, etc.) as well as leading the development and delivery of category management plans.
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 Sr. Category Manager, you will be a leader on the Sourcing & Category Management 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, inclusive of executive level management. The Sr. Category Manager will take on leadership of their projects and mentor a combination of Category Managers and Category Analysts. This critical role will report to a Lead Director within the Indirect Strategic Sourcing team.
Key Responsibilities
• 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
Qualification & Requirements
Required Qualifications
5+ 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 preferred or equivalent experience. MBA or relevant Master’s degree is a plus
Benefits
Pay Range
The typical pay range for this role is:
Minimum: 75,400
Maximum: 162,700
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.
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
Company Profile

CVS Health
Industry
Healthcare
Hospitals
Revenue
$322.5B
Employees
300,000
Fortune 500 Rank
#6
Global 500 Rank
NA
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