Children's National Medical Center
Contract & Sourcing Specialist (Hybrid) (PRN | As Needed)
Children's National Medical Center, Silver Spring, Maryland, United States, 20900
DescriptionThe Contracts and Sourcing Specialist is responsible for the creation, negotiation, and maintenance of organization-wide contracts for supplies, commodities, services, and capital targeted to their specific area(s) of responsibility. Will manage new and existing contracts, facilitate requests for proposals (RFPs), conduct competitive bidding, conduct financial and return on investment (ROI) analyses, conduct vendor business reviews, monitor vendor performance and compliance, and oversee contractual relationships with respective department business owner(s) and vendor(s). Will also proactively review spend patterns and market pricing to achieve the best financial and operational value through vendor contracts. The Contract Specialist will work in concert with multiple departments across the organization enterprise to maximize value achieved through vendor contracts and relationships.QualificationsMinimum EducationBachelor's Degree (Required)Master's Degree in Supply Chain Management, Business Administration, Healthcare Management, or a related field (Preferred)
Minimum Work Experience3 years of relevant work experience in contracting, supply chain, or a purchasing function (Required)
Required Skills/KnowledgeDemonstrated skills and abilities in negotiations, problem solving, and analytics.Proven strong communication skills both written and oral.Proven organizational skills, ability to plan time effectively, balance multiple assignments, and meet deadlines.Ability to self-initiate and identify improvement opportunities to maximize value in contracts.Strong interpersonal skills and ability to develop relationships with internal and external stakeholders.Functional AccountabilitiesContract Management and Requests for Proposals (RFP's)
Proactively analyzes spend data to develop areas for enhancement/new contracting/bidding.Manages RFP process from bid development to award and post-award review of vendor performance.Manages GPO and local contracts for reviews, renewals, activations, etc.Collaboratively works with departments to centralize and negotiate contracting within Supply Chain.Contributes and manages centralized contract database for accuracy of contract records and timeliness of renewals.Aligns with Legal department to assure contractual terms mitigate exposure and risk and comply with CNH Legal policies and procedures.Serves as a liaison between department business owner, vendor, and Children's National legal representative to execute contracts that are in the best financial and operational interest of the institution.Establishes performance metrics/dashboard and business reviews with vendors on a regular basis to ensure vendors are meeting contract obligations.Strategic Sourcing & Negotiations
Under direction of Strategic Sourcing leadership, collaboratively develops high-level sourcing and negotiation strategies via analysis of key cost drivers (price, product, and process), supplier, market, technology profiles, rationalization, and contract optimization.Proactively identifies and presents opportunities for savings based on spend patterns, contract analysis, and market pricing.Utilizes price benchmarking tools to negotiate and achieve market best pricing.Develops and maintains strong relationships with external vendors to maximize contract value and opportunities.Capital Procurement
Supports and negotiates capital equipment and total cost of ownership value including associated consumable and service contracts within their respective area(s).Facilitates department end user through the Capital Allocation process. Conducts due diligence on all capital purchases including but not limited to financial, operating, facilities, and information technology impacts.Supports Strategic Sourcing leadership team in managing all capital requests from department business owners.Value Analysis & Purchasing
Collaborates with Value Analysis team translating customer needs into sourcing, bidding, and negotiation strategies.Communicates details and terms of new contracts to facilitate implementation in coordination with clinical impact.Collaborates with Purchasing Buyers in contract negotiations and to ensure alignment of purchase orders with contract execution and terms.Organizational AccountabilitiesAnticipate and respond to customer needs; follow up until needs are met.Demonstrate collaborative and respectful behavior.Partner with all team members to achieve goals.Receptive to others' ideas and opinions.Contribute to a positive work environment.Demonstrate flexibility and willingness to change.Identify opportunities to improve clinical and administrative processes.Make appropriate decisions, using sound judgment.Use resources efficiently.Search for less costly ways of doing things.
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Minimum Work Experience3 years of relevant work experience in contracting, supply chain, or a purchasing function (Required)
Required Skills/KnowledgeDemonstrated skills and abilities in negotiations, problem solving, and analytics.Proven strong communication skills both written and oral.Proven organizational skills, ability to plan time effectively, balance multiple assignments, and meet deadlines.Ability to self-initiate and identify improvement opportunities to maximize value in contracts.Strong interpersonal skills and ability to develop relationships with internal and external stakeholders.Functional AccountabilitiesContract Management and Requests for Proposals (RFP's)
Proactively analyzes spend data to develop areas for enhancement/new contracting/bidding.Manages RFP process from bid development to award and post-award review of vendor performance.Manages GPO and local contracts for reviews, renewals, activations, etc.Collaboratively works with departments to centralize and negotiate contracting within Supply Chain.Contributes and manages centralized contract database for accuracy of contract records and timeliness of renewals.Aligns with Legal department to assure contractual terms mitigate exposure and risk and comply with CNH Legal policies and procedures.Serves as a liaison between department business owner, vendor, and Children's National legal representative to execute contracts that are in the best financial and operational interest of the institution.Establishes performance metrics/dashboard and business reviews with vendors on a regular basis to ensure vendors are meeting contract obligations.Strategic Sourcing & Negotiations
Under direction of Strategic Sourcing leadership, collaboratively develops high-level sourcing and negotiation strategies via analysis of key cost drivers (price, product, and process), supplier, market, technology profiles, rationalization, and contract optimization.Proactively identifies and presents opportunities for savings based on spend patterns, contract analysis, and market pricing.Utilizes price benchmarking tools to negotiate and achieve market best pricing.Develops and maintains strong relationships with external vendors to maximize contract value and opportunities.Capital Procurement
Supports and negotiates capital equipment and total cost of ownership value including associated consumable and service contracts within their respective area(s).Facilitates department end user through the Capital Allocation process. Conducts due diligence on all capital purchases including but not limited to financial, operating, facilities, and information technology impacts.Supports Strategic Sourcing leadership team in managing all capital requests from department business owners.Value Analysis & Purchasing
Collaborates with Value Analysis team translating customer needs into sourcing, bidding, and negotiation strategies.Communicates details and terms of new contracts to facilitate implementation in coordination with clinical impact.Collaborates with Purchasing Buyers in contract negotiations and to ensure alignment of purchase orders with contract execution and terms.Organizational AccountabilitiesAnticipate and respond to customer needs; follow up until needs are met.Demonstrate collaborative and respectful behavior.Partner with all team members to achieve goals.Receptive to others' ideas and opinions.Contribute to a positive work environment.Demonstrate flexibility and willingness to change.Identify opportunities to improve clinical and administrative processes.Make appropriate decisions, using sound judgment.Use resources efficiently.Search for less costly ways of doing things.
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