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Strategic Sourcing Specialist - NYC

Strategic Sourcing Specialist - NYC

Lincoln ITNew York City, NY, US
1 day ago
Job type
  • Full-time
  • Quick Apply
Job description

Overview :

  • The Strategic Sourcing Specialist plays a key role in managing the full lifecycle of sourcing activities across designated commodities.
  • This position focuses on executing sourcing initiatives that align with organizational goals, analyzing procurement data, and fostering supplier relationships to drive cost efficiencies and operational improvements.

Key Responsibilities :

  • Sourcing Strategy & Planning : Design and implement sourcing approaches that support business objectives, budget constraints, and operational needs while mitigating risk.
  • Utilize spend analysis, stakeholder feedback, and supplier market insights to shape sourcing strategies.
  • Conduct comprehensive spend reviews across various organizational levels to uncover savings opportunities and identify overlapping purchases.
  • Research market trends and emerging technologies to inform sourcing decisions.
  • Develop negotiation frameworks and secure agreements with favorable terms.
  • Sourcing Execution & Oversight :

  • Lead RFx processes and coordinate sourcing events from initiation to completion.
  • Collaborate with internal teams to negotiate and finalize contracts that reflect strategic sourcing goals.
  • Draft and manage contract terms that reduce institutional risk and align with service expectations and scope of work.
  • Prepare and circulate contract documentation for approval.
  • Evaluate potential suppliers for capability, financial health, and market reputation.
  • Determine the most effective supplier selection methods for new sourcing opportunities.
  • Facilitate cross-functional collaboration between suppliers and internal departments.
  • Stakeholder Engagement :

  • Build strong relationships with internal clients through regular meetings to understand evolving procurement needs.
  • Serve as a trusted advisor and problem solver within the organization.
  • Supplier Management :

  • Gain insight into supplier offerings and future innovations that may impact pricing and contract terms.
  • Collect performance data to inform future sourcing decisions and supplier evaluations.
  • Professional Growth :

  • Create and pursue an annual development plan to deepen expertise in healthcare procurement and industry trends.
  • Qualifications :

  • Required Skills & Experience : 4–7 years of experience in strategic sourcing or procurement.
  • Proven ability to manage projects, define deliverables, and meet critical milestones.
  • Strong contract negotiation and supplier engagement skills.
  • Experience leading sourcing initiatives and cross-functional meetings with stakeholders and vendors.
  • Preferred Skills & Experience :

  • Background in healthcare procurement is highly desirable.
  • Education :

  • Required : Bachelor’s degree in Business, Finance, or a related field.
  • Preferred :

  • Master’s degree in Business, Finance, or Supply Chain Management.
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    Strategic Sourcing Specialist • New York City, NY, US

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