Blue Cross and Blue Shield of Minnesota · 10 hours ago
Senior Sourcing & Vendor Manager
Eagan, MN
Full-time
Hybrid
Senior Level
$91K/yr - $150K/yr
5+ years expBlue Cross and Blue Shield of Minnesota is committed to transforming healthcare and is seeking a highly skilled Sourcing and Vendor Management professional. This role involves sourcing, contracting, vendor management, and negotiations to ensure efficient procurement processes and maintain strong vendor relationships.
Insurance
Responsibilities
Develop and maintain strong relationships with vendors, fostering effective communication and collaboration
Monitor vendor performance, conduct regular reviews, and address any issues or concerns
Identify opportunities for performance improvement and cost reduction through vendor optimization
Works closely with business partners to ensure SLAs, deliverables, compliance requirements and expectations are adequately incorporated into RFXs and vendor contracts to facilitate the management of vendor performance
Communicates with assigned business partners to ensure they are properly educated on Blue Cross expectations throughout the lifecycle of the relationship
Works closely with Business Partnerships and Negotiations Leadership to ensure Relationship Managers understand their contractual requirements for any engagement
Establish and monitor vendor scorecards (quantitative and qualitative measures of performance against selected SLAs and metrics) to monitor and manage vendor performance based on a defined set of criteria
Provides on-going vendor scorecard reporting and analysis to Relationship Managers and Performance Managers to facilitate their ability to adequately monitor, review and act on vendors operational performance
Leads the execution of various vendor management programs, such as quarterly business reviews, semi-annual business portfolio reviews, vendor scorecards, as well as other performance management activities and reporting as required
Facilitate regular business reviews with assigned portfolio of vendors to discuss vendor performance reporting, SLAs, deliverables, compliance requirements, other contract expectations, relationship health and improvement plans
Provides support to Relationship Managers, Performance Managers and Compliance Managers for problem resolution with assigned Program portfolio vendors
Under the direction of the Business Partnerships and Negotiations Leadership, works closely with Business partners to diagnose poor vendor performance and assists to put in place "get well" plans. Jointly with the Leadership facilitates the resolution of escalated vendor-related issues
Draft, review, and negotiate contracts, purchase orders, and service level agreements with suppliers
Ensure that contract terms and conditions are favorable and aligned with organizational goals
Mitigate contractual risks and ensure compliance with legal and regulatory requirements
Identify and evaluate potential suppliers based on quality, cost, reliability, and other relevant factors
Conduct market research to stay informed about industry trends and best practices
Collaborate with internal stakeholders to understand their requirements and provide procurement support
Lead negotiations with suppliers to secure favorable pricing, terms, and conditions
Drive cost savings initiatives through effective negotiation strategies
Collaborate with stakeholders to understand their needs and align negotiation outcomes with organizational objectives
Work closely with cross-functional teams such as operations, finance, compliance, security and legal to ensure seamless procurement processes
Collaborate with internal stakeholders to develop and implement procurement strategies that align with business objectives
Facilitate effective communication and collaboration between internal teams and external suppliers
Qualification
Required
5+ years of related professional experience. All relevant experience including work, education, transferable skills, and military experience will be considered
Prior experience related to health plans, vendor management, sourcing, and contracting activities
Ability to develop and maintain relationships with leadership across the organization
Ability to work independently or on a team
Strong problem-solving skills, conflict resolution, facilitation and consensus building skills
Excellent communication skills, both written and verbal, including presentations
Demonstrated experience communicating with diverse internal and external audiences
Relationship management skills with internal and external stakeholders
Able to influence internal and external stakeholders to achieve desired outcomes
Ability to proactively identify and resolve problems
Highly organized with a track record of delivering a high level of customer service in a timely manner
High school diploma (or equivalency) and legal authorization to work in the U.S
Preferred
Bachelor's degree in Business or related field
Benefits
Medical, dental, and vision insurance
Life insurance
401k
Paid Time Off (PTO)
Volunteer Paid Time Off (VPTO)
And more
Company
Blue Cross and Blue Shield of Minnesota
About Blue Cross Blue Cross and Blue Shield of Minnesota is a taxable, nonprofit organization with a mission to make a healthy difference in people’s lives.
1001-5000 employees
H1B Sponsorship
Blue Cross and Blue Shield of Minnesota has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (4)
2024 (4)
2023 (6)
2022 (2)
2021 (3)
2020 (5)
Funding
Current Stage
Late StageLeadership Team
Carrie S. Lawrence
Executive Administrator to the President & CEO and Chief of Staff
Patsy Riley
Chief Goverment Officer and Senior Vice President and CEO, ClearStone Solutions
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