At CVS Health, we're building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.As the nation's leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues - caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day. IT Strategic Sourcing - Category Manager
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, 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.).
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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. Responsibilities:
- Develop and maintain short, medium and long term category management and strategic sourcing plans, spend profiles, and pipeline of opportunities
- Schedule and maintain cadence of regularly scheduled sourcing and category management reviews and planning sessions with key leaders within the assigned business area; establish self as category management and strategic sourcing leader and expert
- Guide analyst base on sourcing activities to ensure successful execution of RFx events for category
- Accountable for quantifying and delivering against savings targets for category
- 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
- 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
- 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
- 5+ years of professional experience related to IT Strategic Sourcing & Category Management creating category planning aligned with and in partnership with IT and BU stakeholders and their roadmap strategies with:
- Experience in managing value added resellers VARs
- Experience of building and presenting complex business cases to senior leaders in Procurement, Finance, IT and Business Units.
- Ability to travel up to 10% for supplier presentations, site visits, and key department meetings at RI Headquarters (no more than quarterly)
Experience with electronic sourcing platforms, such as ServiceNow, Ariba eSourcing, etc.
MBA or relevant master's degree
Background and use of Project/Program Management tools and methodology (Agile, Waterfall, Scrum, etc.).
Experience with IT Supply Chain, Procurement Analytics, Project Management, or Management Consulting.Education
Bachelor's degree required or equivalent years of relevant experience. Anticipated Weekly Hours
40Time Type
Full timePay Range
The typical pay range for this role is:$66,330.00 - $145,860.00This 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.Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.Great benefits for great peopleWe take pride in our comprehensive and competitive mix of pay and benefits - investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:
- Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
- No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
- Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.