Senior Sourcing Executive - Capital Equipment Budgeting

Vizient, Inc.

$88K — $155K *
Healthcare
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Relevant degree preferred in Business, Supply Chain, Legal Studies, Healthcare Administration, or related field.
  • 5+ years of relevant experience in sourcing and procurement.
  • Experience with capital budgeting and procurement initiatives preferred.
  • Expertise in drafting and negotiating complex contracts.
  • Proven ability to lead sourcing initiatives from conception to implementation.
  • Strong analytical, financial, and problem-solving skills are essential.
  • Exceptional verbal communication and presentation skills.

Responsibilities

  • Negotiate complex contract terms and create innovative client solutions.
  • Collaborate with Legal to draft and validate accurate contract language.
  • Manage all phases of the sourcing lifecycle, from assessments to implementation support.
  • Develop sourcing strategies using market analysis and financial data.
  • Propose cost-savings initiatives based on thorough financial analysis.
  • Oversee contract maintenance, including renewals and compliance checks.
  • Utilize analytical tools to enhance workflow efficiency and savings tracking.

Benefits

  • Comprehensive benefits plan including health, dental, and vision insurance.
  • 401(k) with company match and flexible spending accounts.
  • Generous paid time off policy plus holidays.
  • Professional development opportunities for career growth.
  • Hybrid work model with office locations in major cities.
Full Job Description
Summary:

In this role, you will lead high-impact sourcing and contracting strategies that reduce spend, enhance operational efficiency, and deliver measurable value for clients. You will guide complex negotiations-drafting, redlining, and shaping sophisticated contract terms in partnership with Legal-while managing the full sourcing lifecycle across diverse healthcare categories. You will influence outcomes with strategic insight, market intelligence, and strong judgment, serving as a trusted adviser to clients and internal teams. And if you are new to healthcare, you will still thrive here-this role is designed for exceptional negotiators who excel in complex discussions, think critically, and lead with confidence.

Responsibilities:

  • Lead negotiation of complex contract terms and conditions and structure innovative solutions that meet client needs.
  • Partner with Legal to draft, refine, and validate contract language for accuracy, compliance, and risk mitigation.
  • Manage the full sourcing lifecycle, including opportunity assessment, RFP design, bid evaluation, supplier selection, and implementation support.
  • Develop sourcing strategies based on spend analysis, market trends, benchmarking, and supplier dynamics.
  • Identify and propose cost-savings initiatives grounded in financial analysis and market intelligence.
  • Oversee contract maintenance, including amendments, renewals, compliance evaluation, and performance monitoring.
  • Use analytical tools and contracting platforms to support workflow efficiency, documentation accuracy, and savings tracking.
  • Present negotiation updates, sourcing strategies, risks, and recommendations to clients and internal leadership.
  • Build and maintain strong partnerships with clients, suppliers, and internal stakeholders.
  • Communicate complex strategies and negotiations clearly and effectively to executive-level audiences.


Qualifications:

  • Relevant degree preferred. Business, Supply Chain, Legal Studies, Healthcare Administration, or related field preferred.
  • 5 or more years of relevant experience required.
  • Experience supporting capital budgeting, capital equipment planning, capital sourcing, or capital procurement initiatives preferred.
  • Expertise in drafting, redlining, and negotiating complex terms and conditions.
  • Proven ability to lead complex sourcing initiatives.
  • Strong analytical, financial, and problem-solving abilities.
  • Exceptional verbal communication and presentation skills, which are critical for facilitating supplier discussions, clearly articulating contract changes, and ensuring alignment among internal stakeholders and clients throughout the sourcing and negotiation process.
  • Proficiency in Microsoft Office.
  • Ability to manage multiple priorities in a fast-paced, matrixed environment.
  • This role follows a hybrid work model, requiring three days per week in the office. Office locations include Irving, TX; Chicago, IL; and Centennial, CO.
  • Willingness to travel.


Estimated Hiring Range:
At Vizient, we consider skills, experience, and organizational needs in our compensation approach. Geographic factors may adjust the range estimate and hires typically fall below the top range. Compensation decisions are tailored to individual circumstances. The current salary range for this role is $88,900.00 to $155,500.00.

This position is also incentive eligible.

Vizient has a comprehensive benefits plan! Please view our benefits here:

http://www.vizientinc.com/about-us/careers

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