Stanford Health Care · 11 hours ago
Sourcing Specialist
Palo Alto, CA
Full-time
Hybrid
Mid Level
$45.94/hr - $59.73/hr
3+ years expStanford Health Care is a leading healthcare institution focused on innovation and quality. They are seeking a Sourcing Specialist to support Category Management and Value Based Selection, responsible for negotiating contracts and ensuring compliance while optimizing supply chain operations.
Health CareHealth DiagnosticsHospitalMedicalPrimary and Urgent Care
Responsibilities
Assists with the monitoring of supplier performance through developing measuring tools and checking references. Works closely with Senior Buyers to ensure standardization compliance
Interfaces with vendors regarding sourcing, pricing and related issues. Manages information utilizing manual or electronic systems
Issues bids, Requests for Information and Requests for Products and analyzes them for final decisions. Builds ongoing relationships with suppliers
Monitors and provides compliance to product standardization, vendor performance and reports findings to Purchasing Manager
Negotiates with vendors to ensure that goods and services purchased are priced competitively and that all contracts or pricing agreements meets SHC and LPCH guidelines
Performs order placement and interacts with vendors and SHC & LPCH departments regarding purchase orders to communicate product delivery and pricing information. Works with the Senior Buyers to coordinates changes in purchase orders with vendors
Processes purchase requisitions to include electronic requisitions, department specific custom requisitions and general purpose department requisitions
Provides expertise in negotiating standard price-per-unit contracts. Identifies and implements strategies to realize cost reductions
Works closely with Category Managers and VBS Project Managers to support effective cost reduction strategies
Assists in managing the catalog and contracts information within Master Data Management
Supports Value Based Selection program, Patient Care VAT and Standard Operating Procedure framework
Utilizes all available tools to gain market knowledge and to access best pricing of assigned categories, including but not limited to ECRI, Spendlink and other benchmarking and analysis services
Documents and communicates the savings success and engages end users in needed process change or product conversion
Performs other related and incidental duties as needed or assigned
Qualification
Required
Bachelor's degree (or foreign equivalent) in Business Administration, Supply Chain Management, Business Information Systems, Manufacturing Systems Engineering or a similar discipline/field from an accredited college or university required
Three (3) years of progressively responsible and directly related work experience
Ability to apply judgment and make informed decisions
Ability to communicate effectively
Ability to conduct analysis and formulate conclusions
Ability to demonstrate an end-to-end knowledge of Supply Chain processes
Ability to understand financial statement
Ability to demonstrate the understanding of the impact of implementing new price agreements
Ability to effectively prioritize work and meet deadlines in a fast paced environment
Ability to foster effective working relationships and build consensus
Ability to manage numerous central and offsite order and supply systems for the hospitals and clinics
Ability to plan, organize, prioritize, work independently and meet deadlines
Knowledge of computer systems and software used in functional area
Knowledge of general store keeping, inventory and stock control methods
Knowledge of hospital billing systems and hospital rate file structures
Knowledge of local, state and federal regulatory requirements related to areas of functional responsibility
Knowledge of new technologies (in specific field) and maintain and stay abreast of updates and changes
Knowledge of specialized medical and surgical supplies and equipment, primarily of a disposable nature
Knowledge of Sterile Processing and case cart systems
Adheres to HIPAA and BAA requirements
Facilitates implementation of new or modified policies and procedures based on hospital best practices and compliance with Federal, State, and regulatory agencies. Ensures policies are followed across the organization through education to hospital departments and coordination with Finance, Compliance, Office of General Counsel, and Risk Management
Company
Stanford Health Care
Stanford Health Care is a healthcare center that treats cancer, heart disease, brain disorders, and primary care issues.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Aditya Bhasin
VP Software Design & Development
Jay Shah
Chief of Staff
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