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Vizient
Sourcing Executive
Career Insights for Procurement / Sourcing Specialist
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Based on Colorado data
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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
Job Description
When you're the best, we're the best. We instill an environment where employees feel engaged, satisfied and able to contribute their unique skills and talents while living and working as their authentic selves. We provide extensive opportunities for personal and professional development, building both employee competence and organizational capability to fuel exceptional performance through an inclusive environment both now and in the future. Summary In this role, you will support the development and execution of sourcing and contracting strategies that reduce spend, improve operational efficiency, and deliver value for clients. You will participate in drafting, redlining, and negotiating contract terms under the guidance of senior team members and Legal, building foundational skills in complex negotiations. You will assist across the full sourcing lifecycle—from data analysis and RFP preparation to supplier engagement, negotiation support, and contract maintenance—while collaborating closely with internal teams and suppliers to strengthen your sourcing, communication, and stakeholder-management capabilities. Responsibilities Assist in drafting and redlining contract terms and conditions under the direction of senior team members and Legal. Participate in supplier negotiations by preparing materials, summarizing issues, and contributing to discussions. Support alignment between clients, suppliers, and internal teams by gathering information and documenting updates. Ensure contract documents reflect agreed updates and adhere to established standards. Elevate complex or sensitive negotiation items to senior sourcing executives for guidance. Contribute to sourcing strategies by collecting and analyzing data, market insights, and supplier information. Assist in RFP creation, distribution, bid collection, and initial evaluations. Coordinate supplier communications and scheduling for sourcing activities. Support contract maintenance activities, including amendments, renewals, and pricing validations. Prepare communication materials summarizing sourcing progress, opportunities, and supplier updates. Qualifications Relevant degree preferred. Business, Supply Chain, Legal Studies, Healthcare Administration, or related field preferred. 2 or more years of relevant experience required. Foundational experience in contract review, redlining, or negotiation support preferred. Strong analytical skills with the ability to work with data and identify trends. Exceptional verbal communication and presentation skills, which are critical for facilitating supplier discussions, clearly articulating contract changes, and ensuring alignment among internal stakeholders and clients throughout the sourcing and negotiation process. Proficiency in Microsoft Office. Ability to manage multiple tasks with guidance in a fast-paced, matrixed environment. This role follows a hybrid work model, requiring three days per week in the office. Office locations include Irving, TX; Chicago, IL; and Centennial, CO. Willingness to travel. Estimated Hiring Range At Vizient, we consider skills, experience, and organizational needs in our compensation approach. Geographic factors may adjust the range estimate and hires typically fall below the top range. Compensation decisions are tailored to individual circumstances. The current salary range for this role is $77,400.00 to $135,400.00. This position is also incentive eligible. Vizient has a comprehensive benefits plan!