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Children's Hospital Colorado

Category Management Specialist Capital Sourcing

Career Insights for Procurement / Sourcing Specialist

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What they do

A Procurement or Sourcing Specialist is responsible for sourcing and purchasing the goods or services required by an organization, especially tracking overall spend and improving bidding processes. Responsible for maintaining supplier relationships. May also be responsible growing supplier relationships with new and/or existing suppliers.

$75,676 / year median in Colorado

+1% projected growth

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Job Description

Category Management Specialist Capital Sourcing Children's Hospital Colorado•3.8 Aurora, CO Job Details Full-time | PRN $90,900.59•$136,350.88 a year 10 hours ago Benefits Wellness program 403(b) matching Paid parental leave Disability insurance Health insurance Dental insurance Paid time off Parental leave Vision insurance 403(b) Life insurance Qualifications Cost management Supplier performance analysis New product introduction Communication with suppliers Operational analysis Stakeholder engagement Contract review Procurement spend analysis Customer relationship building Category management Customer service Procurement financial analysis Business analysis Contract performance monitoring Purchase order management Contract management experience in healthcare Bachelor's degree in business administration Vendor compliance management Developing strategic sourcing strategies Healthcare purchasing Bachelor's degree Contractual compliance checks Decision making Industry trends Business alliance strategy Procurement cost reduction targets Procurement contract management Negotiating purchasing contracts Cost reduction analysis Networking through strategic partnership building Full Job Description Job Overview As a newly established role within the organization, the Category Management Specialist for Capital Sourcing will lead strategic sourcing events and supplier management processes for Capital investments. This position offers a unique opportunity to influence long-term organizational investments by driving competitive sourcing strategies, optimizing total cost of ownership, and building strong partnerships with stakeholders and suppliers. Success will be measured through achievement of capital savings and cost avoidance targets, supplier performance improvement, increased standardization, and delivery of capital solutions that support operational, financial, and strategic objectives.
Job Status:
Full-time, Salaried. Hybrid (60% in office, 40% remote•subject to change), will require travel to other campuses at times.
Shift:
Days. Monday•Friday, 8:00am•4:30pm Duties & Responsibilities Plans and conducts analysis of financial operational, clinical or administrative projects in collaboration with management. Identifies and secures supply sources and performs other category management activities involving the purchase, distribution, and analysis of present/future needs of materials, equipment, supplies and services. Develops proposals and recommendations based on analysis of spend patterns, identifying opportunities to reduce or eliminate cost and/or operational variance and advances strategies to capitalizes on such opportunities. Analyzes and continually monitors emerging trends and marketplace developments and integrates changes into sourcing strategies. Facilitates the evaluation, trialing, introduction and adoption of new products and services. Maximizes strategic partnerships with group purchasing organizations and local/regional hospital partners. Leads and develops strategy used in contract negotiation and finalizes contracts that meet CHCO contract standards and cost targets. Engages internal and external stakeholders as needed to achieve optimal outcome on behalf of CHCO. Facilitates and coordinates business reviews of contractual performance of both parties to ensure compliance with terms and to identify conflicts or changes requiring resolution at contract renewal. Provides high-level customer service and builds strategic relationships maintaining a positive working relationship with internal customers, and other stakeholders to obtain cooperation and support during negotiations and future business reviews. Accountable for developing Requests for Proposals (RFPs) and Requests for Information (RFI), issuing purchase orders, recommending, developing, and implementing policies. Manages contract termination procedures or renewals as needed. Other duties as needed.
Scope and Level Guidelines :
Fully qualified, full performance or journey level. Guidelines are generally but not always clearly applicable, requiring the employee to exercise judgment in selecting the most pertinent guideline, interpret precedents, adapt standard practices to differing situations, and recommend alternative actions in situations without precedent.'
Complexity :
Duties assigned are generally complex and may be of substantial intricacy. Work assignment is performed within an established framework under general instructions but requires simultaneous coordination of assigned functions or projects in various stages of completion.
Decision Making :
Exercises judgment and discretion, and is responsible for determining the time, place and sequence of the work performed.
Communications :
Contacts with team members, clients or the public where explanatory or interpretive information is exchanged, defended, and gathered and discretion and judgment are required within the parameters of the job function.
Supervision Received :
Performs work with minimal supervisory oversight. Under general supervision, the employee receives assignments and is expected to carry them through to completion with substantial independence. Work is reviewed for adherence to instructions, accuracy, completeness, and conformance to standard practice or precedent. Recurring work clearly covered by guidelines may or may not be reviewed. Minimum Qualifications Degrees Bachelor's degree in business administration or a related field is required Experience Minimum 5 years of category management, contract administration and/or purchasing experience. Equivalency In lieu of a Bachelor's degree, one year of related professional experience will serve as an equivalency to one year of education. Salary Information Pay is dependent on applicant's relevant experience. Annual Salary Range (Based on 40 hours worked per week): $90,900.59 to $136,350.88 Benefits Information Here, you matter. As a Children's Hospital Colorado team member, you will receive a competitive pay and benefits package designed to take care of your needs that includes base pay, incentives, paid time off, medical/dental/vision insurance, company provided life and disability insurance, paid parental leave, 403b employer match (retirement savings), a robust wellness program, and access to professional development tools, including an education benefit to help you advance your career. As part of our Total Rewards package, Children's Colorado offers an annual employee bonus program that rewards eligible team members based on organizational performance. If organizational goals are met for the year, the bonus is paid out the following April. Children's Colorado delivers annual base pay increases to eligible team members based on their performance over the previous year. EEO Statement It is our intention that all qualified applicants be given equal opportunity and that selection decisions be based on job-related factors. We do not discriminate on the basis of race, color, religion, national origin, sex, age, disability, or any other status protected by law or regulation. Be aware that none of the questions are intended to imply illegal preferences or discrimination based on non-job-related information. The position is expected to stay open until the posted close date. Please submit your application as soon as possible as the posting is subject to close at any time once a sufficient pool of qualified applicants is obtained.
Colorado Residents:
In any materials you submit, you may redact or remove age-identifying information such as age, date of birth, or dates of attendance at or graduation from an educational institution. You will not be penalized for redacting or removing this information.