Advocate Health Care

Strategic Sourcing Analyst

Advocate Health Care$68K — $103K *
Healthcare
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Supply Chain, Business, or a related field preferred.
  • Typically requires 2 years of demonstrated work experience in healthcare supply chain/procurement.
  • Demonstrated successful contract negotiation skills.
  • Knowledge of inventory management and related accounting processes.
  • Excellent analytical, quantitative, and qualitative skills.

Responsibilities

  • Support strategic sourcing best practices across assigned categories.
  • Assist with the end-to-end sourcing process from supplier identification to contracting.
  • Aid in identifying cost-saving opportunities through comprehensive analysis.
  • Monitor supplier performance and address related issues collaboratively.
  • Work with sourcing leaders to understand and prioritize their needs.
  • Assist in producing metrics to measure strategic sourcing impact on cost and quality.
  • Support a culture of continuous improvement in the sourcing process.

Benefits

  • Full-time position with eligibility for benefits and a standard 40-hour work week.
  • Regular Monday to Friday schedule from 8:00 am to 5:00 pm EST.
  • Opportunities for professional development and training to enhance skills.
  • A supportive environment focusing on teamwork and collaboration in a healthcare setting.
Full Job Description

Department:

11497 Enterprise Corporate - Supply Chain: Sourcing and CVA

Status:

Full time

Benefits Eligible:

Yes

Hours Per Week:

40

Schedule Details/Additional Information:

Monday to Friday, 8:00am to 5:00pm EST

Pay Range:

$33.05 - $49.60

MAJOR RESPONSIBILITIES

Strategy Development: supports strategic sourcing best practices for enterprise across assigned categories. Supportssourcing strategies such as analyzing market fundamentals, industry data, price benchmarks, cost drivers and trends, key cost variances, and economic forecasting in assigned categories. Categorizes and analyzes spend categories and assesses market and sourcing options to prioritizing areas for maximizing value and cost synergies.​ 

Sourcing Process Management: assist with the end-to-end sourcing process, including supplier identification, qualification, selection, negotiation, and contracting. Ensure compliance with relevant policies, procedures, and regulations.​Assist in strategies to bring non-contracted products and services under contract, assuring best contract coverage for assigned categories.​Consults with Legal on contractual issues concerning proper legal terms and conditions. Ensuring all other relevant departments’ evaluations of contracts are triggered (IT, Data Security, etc.) which can vary by contract type​​.

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Cost Optimization: Supports cost-saving opportunities through comprehensive analysis of utilization, pricing, and contracting. Aids in cost containment strategies, such as standardization, utilization controls, and value-based purchasing. Assists in the attainment of maximum savings in total delivered cost of supplies, pharmaceuticals, services, and equipment in assigned categories​.​​

Supplier Relationship Management: Aid in monitoring supplier performance. Collaborate with cross-functional teams to address supplier-related issues and ensure timely resolution.​​

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Cross-functional Collaboration: Work closely with sourcing leaders and other relevant stakeholders to understand their needs and priorities. ​

Clinical Integration: Collaborate with sourcing leadership to ensure the seamless integration of value analysis. Support educational programs and materials to promote awareness and adoption of value-based approaches throughout enterprise.​ 

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​​​Data Analysis and Reporting: Assist in production of metrics and performance indicators to measure the impact of strategic sourcing initiatives on cost savings, quality improvement, and patient outcomes. Assist in analyzing data to identify trends, monitor progress, and generate actionable insights. Prepare regular reports and presentations for leadership, highlighting key findings, achievements, and recommendations.​

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​​​Continuous Improvement: Stay updated on industry trends, emerging technologies, and best practices. Supports a culture of continuous improvement, leveraging data analytics, technology tools, and industry collaborations to enhance the strategic sourcing process and drive ongoing improvement in patient care delivery.​​

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Risk Management: Supports riskmitigation associated with the sourcing process, including supply chain disruptions, quality issues, regulatory compliance, and geopolitical factors related to assigned categories. Aids in contingency plans to minimize potential impact on the organization.

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Assists in developing Requests for Proposal (RFP), Request for Information (RFI), and Invitations for Bid (IFB) in accordance with directives and program requirements. ​​​

Ensures contracting process engages end-users to define service and product attributes through facilitated pre-contractinginitiatives.​​​ 

Supports a rolling three-year plan for supplies, implants, pharmaceuticals, purchasedservices and capital categories as assigned. ​

MINIMUM EDUCATION AND EXPERIENCE REQUIRED

License/Registration/Certification Required: ​None Required

Education Required: ​ ​Bachelor’s Degree in Supply Chain, Business or related field preferred.

Experience Required: Typically requires 2 years of demonstrated work experience in healthcare supply chain/procurement.

KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED

​​Knowledge in system-wide purchasing strategies, processes, and programs which support a servicefocused, cost effective, and centralized model.​

​​Demonstrated successful contract negotiation skills and ability to establish and administer complex contracts for products andservices.​

​​Sound knowledge of inventory management and related accounting processes.​

​​Interchange and internet-based procurement transaction processes knowledge with exposure to broader issues such asContinuous Replenishment Processes or Vendor Managed Inventories.​

​​Skills developing strategic and tactical plans to meet business objectives in a large healthcare system.​

​​Knowledge of contract law and related legal and financial policies.

​​Basic knowledge of analytical/mathematical/statistical methods, data analysis and presentation.​

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​​Excellent communication skills necessary to communicate effectively with senior administrators, department leaders,
physicians, vendors, and clinical staff to support Advocate Health’s acquisition goals.​

​​Knowledge of healthcare accreditation standards (i.e., DNV,JCAHO), Occupational Safety and HealthAdministration, and National Fire Protection Organization requirements.​

​​Excellent analytical, quantitative, and qualitative skills. Ability to identify and solve problems creatively, to work withindeadlines with a high attention to detail and to work independently in a fast paced, dynamic environment.​

​​Experience in working with and implementing large-scale automated systems.​

PHYSICAL REQUIREMENTS AND WORKING CONDITIONS

​​​This position requires limited regional and national travel, therefore, will be exposed to weather and road conditions. ​​

​​Operates all equipment necessary to perform the job.​

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About Advocate Health Care

Advocate Health Care is a not-for-profit, faith-based health system providing comprehensive health care services to the people of Illinois. The organization is the largest fully integrated health care delivery system in Illinois, with more than 500 sites of care and 12 hospitals, including two of the nation’s 100 Top Hospitals, the state’s largest integrated children’s network, five Level I trauma centers (the state’s highest designation in trauma care), three Level II trauma centers, one of the area’s largest home health and hospice companies and one of the region’s largest medical groups. Advocate Health Care trains more primary care physicians and residents at its four teaching hospitals than any other health system in the state. As a not-for-profit, mission-based health system affiliated with the Evangelical Lutheran Church in America and the United Church of Christ, Advocate contributed $1.6 billion in charitable care and services to communities across Chicagoland and Central Illinois in 2019.
Learn more about Advocate Health Care
Size
75,000 employees
Industry
Founded
1976

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