Project Mgr V Sr. Sourcing Manager

Job description

At
Labcorp
you will contribute as an integral part of a dynamic
Indirect Sourcing and Procurement
team and
will be responsible
for analyzing, evaluating, synthesizing and inter-relating information from internal and external sources when solving problems and making decisions.

Identifying critical success factors
when developing strategy and plans .

Weighing and appropriately
balancing technological, market, competitive, and organizational factors
to achieve competitive advantage.


Your
Indirect Sourcing and Procurement
role will be a member of cross departmental teams that will include all stakeholders in the decision-making process.


This role reports to the
Executive Director, Sourcing of Indirect Sourcing and Procurement , while also using
diverse perspectives
when developing plans and making decisions and considering possible outcomes of alternative courses of action.


Duties and responsibilities
Displays competencies and knowledge in contract development, including key contracting principles, standard terms, laws/regulations, and industry standards.


Drafts, redlines, reviews, and negotiate Indirect Sourcing category vendor contracts including, but not limited to, Master Services Agreements, Statements of Work, Renewals, etc.


Applies advanced sourcing methodologies; to include the RFx sourcing processes; to develop negotiating strategies that enable effective negotiations, vendor management and process improvement.


Management of vendor relationships and manage any escalated issues that involve the vendor/service provider.


Manages and optimizes supplier performance, including contract compliance, continuous improvement, innovations, and reduction in total cost of ownership
Works with Legal department to mitigate risk through the review of both legal and business terms.


Executes legal documentation ensuring compliance with legal requirements
Builds strong partnerships with internal stakeholders to identify new opportunities for negotiated cost savings and measure business impact.


Collaborates with cross-functional teams to ensure sourcing strategy aligns with business requirements
Communicates effectively with vendors, customers, and senior management.


Prepares and occasionally provides presentations on project/category savings and category spend analysis to Leadership and user groups.


Be process driven and project focused with ability to prioritize and get projects completed in a timely manner while responding to the changing demands of the business and market.


Applies best practice for data collection and analysis, risk assessment, stakeholder identification and involvement, total cost of supply, standardization of products and services, building demand plans, contract negotiations, implementation of contracts and change management.


Minimum Education and Experience, required
Degree Qualified
(BA or BS Degree in Supply Chain, Business Management, or related field, required)
Minimum of 5 years’ experience with Project Management of Indirect Sourcing and Procurement
Must have the ability to regularly collaborate with Sourcing
leadership and other leaders leveraging S&P skills; project best practices and outcomes.


Preferred Qualifications
Seven years (7) of Project Management of Indirect Sourcing & Procurement for Indirect goods and services, contracting
Professional designations/certifications/licenses: CPSM or MCIPS
Skills and Competencies
Proven understanding and knowledge of key contractual terms
Strong analytical skills: data analysis capabilities for market trends and cost optimization
Effective communication skills: essential to collaborate, build rapport internally and externally
Negotiation skills: proficiency in negotiating contracts and agreements to secure favorable terms
Strategic thinking: ability to develop and execute sourcing strategies for the service lines
Risk management: identify and manage risks to ensure continuity
International mindset: understand global markets and sourcing strategies for global supply chains
Legal knowledge: understand commercial contracts and able to interpret clauses and negotiate best outcome
Ability to complete analytical evaluations to be presented to senior leadership decision makers
Labcorp is proud to be an Equal Opportunity Employer:
Labcorp strives for inclusion and belonging in the workforce and does not tolerate harassment or discrimination of any kind.

We make employment decisions based on the needs of our business and the qualifications and merit of the individual.

Qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), family or parental status, marital, civil union or domestic partnership status, sexual orientation, gender identity, gender expression, personal appearance, age, veteran status, disability, genetic information, or any other legally protected characteristic.

Additionally, all qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable law.


We encourage all to apply
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Required Skill Profession

Other General