Vice President Of Strategic Sourcing & Supplier Relations

If youre ready to be part of our legacy of hope and innovation, we encourage you to take the first step and explore our current job openings. Your best is waiting to be discovered.

Day - 08 Hour (United States of America) This is a Stanford Health Care job. A Brief Overview The Vice President of Strategic Sourcing and Supplier Relations is a transformative leadership role within the health system, accountable for the strategic vision and execution of sourcing practices that drive optimal value and efficiency across Stanford Medicine (Stanford Healthcare, Stanford Childrens, Stanford Tri-Valley, Stanford Medicine Partners, Packard Childrens Healthcare Alliance, and Stanford Blood Center). This role will be key to the 4.2B dollars in non-labor expense management across Stanford Medicine. This executive will lead a comprehensive approach to sourcing, procurement, non-labor spend expense management, and supplier engagement, ensuring a collaborative and innovative culture within the supply chain management department.

This position is a key partner to tier 4 executives, medical directors, chairs, physicians, and leaders across the entities supporting system negotiations and cost reduction strategies. Functions & departments that report to this role include: Purchasing, Category Management, Recall Management, Sourcing/Supplier Relations, Receiving, Non-Labor Spend Program, Value Based Management/Selection Program.

Locations Stanford Health Care What you will do STRATEGIC LEADERSHIP AND VISION: Craft and communicate a strategic sourcing vision aligned with Stanford Medicine’s overall goals. Guide the strategic sourcing and procurement function to achieve best-in-class status, ensuring a competitive edge for the organization.

TEAM DEVELOPMENT AND MANAGEMENT: Lead, mentor, and develop a team of sourcing and procurement professionals, fostering a culture of continuous improvement and excellence. Build a cohesive team that collaborates effectively with stakeholders across the organization.

SUPPLIER RELATIONSHIP AND PERFORMANCE MANAGEMENT: Establish and cultivate strategic relationships with key suppliers, driving mutual value creation. Oversee supplier performance, ensuring compliance with service level agreements and performance metrics.

CONTRACT NEGOTIATION AND MANAGEMENT: Lead complex contract negotiations, securing favorable terms that provide value and mitigate risk. Implement and oversee a robust contract lifecycle management process.

INNOVATION AND PROCESS IMPROVEMENT: Drive innovation within the sourcing function by leveraging technology, analytics, and best practices. Employ Lean, Six Sigma, and other continuous improvement methodologies to streamline processes and increase efficiency.

VALUE ANALYSIS AND EXPENSE MANAGEMENT: Oversee a value base management and non-labor spend programs to ensure the selection of high-quality, cost-effective products and services. Develop strategies for non-labor expense management, optimizing the organizations capital budget.

RISK MANAGEMENT: Develop and execute a supply chain risk management plan that includes disaster recovery processes. Incorporate risk mitigation strategies into all aspects of sourcing and supplier management.

Education Qualifications Master’s degree in business, Supply Chain, or a related field. Experience Qualifications Fifteen (15) years of professional experience in sourcing, with a deep understanding of strategic sourcing. Seven (7) years of leadership.

Required Knowledge, Skills and Abilities Strong strategic thinking and leadership skills. Expert negotiation skills with a track record of successful contract management.

Proficiency in strategic sourcing software and analytic tools, e.g., Vizient, ECRI, Workday Advanced Excel skills and a solid grasp of procedural cost per case analysis.

Experience leading cross-functional sourcing or Value Analysis teams. Excellent communication, presentation, and interpersonal skills. Demonstrated experience in business process improvement and performance management.

Proven ability to manage projects from conception through to successful implementation. Knowledgeable in best practices in strategic sourcing across multiple categories and suppliers. Licenses and Certifications CPPC, CPIM, CSCP, CPC/M, or other relevant purchasing/materials certification preferred . These principles apply to ALL employees:

SHC Commitment to Providing an Exceptional Patient & Family Experience Stanford Health Care sets a high standard for delivering value and an exceptional experience for our patients and families. Candidates for employment and existing employees must adopt and execute C-I-CARE standards for all of patients, families and towards each other. C-I-CARE is the foundation of Stanford’s patient-experience and represents a framework for patient-centered interactions.

Simply put, we do what it takes to enable and empower patients and families to focus on health, healing and recovery. You will do this by executing against our three experience pillars, from the patient and family’s perspective: Know Me:

Anticipate my needs and status to deliver effective care Show Me the Way: Guide and prompt my actions to arrive at better outcomes and better health Coordinate for Me: Own the complexity of my care through coordination Equal Opportunity Employer Stanford Health Care (SHC) strongly values diversity and is committed to equal opportunity and non-discrimination in all of its policies and practices, including the area of employment.

Accordingly, SHC does not discriminate against any person on the basis of race, color, sex, sexual orientation or gender identity and/or expression, religion, age, national or ethnic origin, political beliefs, marital status, medical condition, genetic information, veteran status, or disability, or the perception of any of the above. People of all genders, members of all racial and ethnic groups, people with disabilities, and veterans are encouraged to apply. Qualified applicants with criminal convictions will be considered after an individualized assessment of the conviction and the job requirements.

Base Pay Scale: Generally starting at $140.00 - $185.19 per hour The salary of the finalist selected for this role will be set based on a variety of factors, including but not limited to, internal equity, experience, education, specialty and training. This pay scale is not a promise of a particular wage.

Saving Lives and Changing the Future of Medicine Stanford is a part of the top 10 highest ranked Level 1 Trauma Magnet Facilities in the U.S. Combining clinical care, research, and education, our team provides compassionate, coordinated and personalized care for the unique needs of every patient. As the only Level I trauma center between San Francisco and San Jose, Stanford Health Care delivers clinical innovation across its inpatient services, specialty health centers, physician offices, virtual care offerings and health plan programs.

With a state-of-the-art hospital, more than 2,800 medical staff and more than 1,300 residents and fellows, Stanford Health Care is committed to making a lasting impact through research, education and clinical care. Benefits Stanford offers exceptional benefits and competitive pay to ensure our staff feels supported in and outside of their work. Specific roles are eligible for shift differential pay, sign-on/relocation bonus, etc.