Director of Sourcing

Discover Vanderbilt University Medical Center: Located in Nashville, Tennessee, and operating at a global crossroads of teaching, discovery, and patient care, VUMC is a community of individuals who come to work each day with the simple aim of changing the world. It is a place where your expertise will be valued, your knowledge expanded, and your abilities challenged. Vanderbilt Health is committed to an environment where everyone has the chance to thrive and where your uniqueness is sought and celebrated. It is a place where employees know they are part of something that is bigger than themselves, take exceptional pride in their work and never settle for what was good enough yesterday. Vanderbilt’s mission is to advance health and wellness through preeminent programs in patient care, education, and research.

Organization:

SC Sourcing

Job Summary:

Position Overview:

The Director of Sourcing is a leadership role responsible for developing and executing the strategic vision for sourcing, and supplier management within the organization. This individual will lead a team of professionals to ensure the acquisition of goods and services aligns with organizational objectives, cost-efficiency, sustainability, and quality standards. The Director will establish strong relationships with suppliers, negotiate contracts, and oversee sourcing operations to drive innovation, mitigate risk, and ensure operational excellence.

Key Responsibilities:

Strategic Leadership:

• Develop and implement the organization’s sourcing strategy to support business goals and maximize value.
• Lead sourcing transformation initiatives to drive innovation, efficiency, and cost savings.
• Collaborate with cross-functional teams (e.g., operations, finance, supply chain) to align sourcing strategies with broader organizational objectives.

Supplier Management:

• Build and maintain strong relationships with key suppliers, ensuring consistent quality, reliability, and cost-effectiveness.
• Evaluate supplier performance through metrics and audits, driving continuous improvement and innovation.
• Identify and mitigate risks within the supplier network, ensuring supply chain continuity.

Contract Negotiation and Management:

• Oversee contract negotiations to secure favorable terms while mitigating risks.
• Ensure compliance with legal, regulatory, and ethical standards in all procurement activities.
• Monitor contract performance and enforce agreements to optimize outcomes.

Team Leadership:

• Lead, mentor, and develop a high-performing sourcing team, fostering a culture of collaboration, accountability, and excellence.
• Set clear goals, measure performance, and identify opportunities for professional development within the team.

Cost Optimization:

• Identify cost-saving opportunities across sourcing operations without compromising quality or service delivery.
• Develop and manage budgets for sourcing activities, ensuring cost-effective procurement practices.

Value Analysis:

• Leading Physician and Clinician value Analysis teams and processes.
• Develop strong presentations for leaders and Value Analysis teams.

Sustainability and Innovation:

• Drive initiatives to incorporate sustainable and socially responsible practices into sourcing strategies.
• Promote innovation within the sourcing function, leveraging emerging technologies and market trends.

Reporting and Analytics:

• Develop and present regular reports on sourcing performance, savings achieved, and supplier metrics to senior leadership.
• Utilize data analytics to enhance decision-making and identify opportunities for improvement.

Qualifications:

• Bachelor’s degree in Supply Chain Management, Business Administration, or related field; MBA or advanced degree preferred.
• 10+ years of progressive experience in healthcare contracting, with at least 5 years in a leadership role.
• Proven track record of developing and implementing successful sourcing strategies and driving measurable results.
• Strong negotiation skills and expertise in contract management.
• Excellent leadership and team management abilities, with a focus on empowering and developing employees.
• In-depth knowledge of supply chain processes, market trends, and procurement best practices.
• Experience with procurement software and tools; familiarity with data analytics platforms is a plus.
• Experience with CLM programs.
• Exceptional communication and interpersonal skills, with the ability to engage effectively with internal stakeholders and external partners.
• Strong problem-solving and decision-making capabilities, with a focus on innovation and continuous improvement.
• Strong track record of the participation and/or leading Value Analysis teams.

Preferred Skills: - Experience in healthcare contracting, experience with healthcare suppliers. - Knowledge of sustainability practices in procurement. - Familiarity with regulatory and compliance requirements in the industry.

Work Environment:

The Director of Sourcing will typically work in a corporate office setting but may require occasional travel to supplier locations, industry events, or company facilities.

This role is critical in ensuring the organization’s sourcing operations are efficient, cost-effective, and aligned with its strategic goals. The Director of Sourcing will play a key role in driving innovation, sustainability, and overall organizational success.

Our professional administrative functions include critical supporting roles in information technology and informatics, finance, administration, legal and community affairs, human resources, communications and marketing, development, facilities, and many more.

At our growing health system, we support each other and encourage excellence among all who are part of our workforce. High-achieving employees stay at Vanderbilt Health for professional growth, appreciation of benefits, and a sense of community and purpose.

Core Accountabilities:

• Organizational Impact: Implements strategies for a sub function with direct impact to the function results.* Problem Solving/ Complexity of work: Resolves highly complex business issues that are often unprecedented that have immediate impact on own sub-function or entity and wider implications to the organization. * Breadth of Knowledge: Applies expertise within professional/technical area and uses advanced business knowledge to develop objectives.* Team Interaction: Leads a sub-function serving the organization at large or across one or more entity(s).

Core Capabilities :

Supporting Colleagues: - Develops Self and Others: Acts upon constructive feedback from all levels of the organization and initiates strategies to develop talent in others. - Builds and Maintains Relationships: Leverages relationships and insight to forecast potential future needs and influence delivery of work to exceed expectations. - Communicates Effectively: Anticipates difference audience concerns, styles and finds mutually beneficial solutions across conflicting and sensitive issues. Delivering Excellent Services: - Serves Others with Compassion: Demonstrates in-depth knowledge of broad-based issues and considers the interests of others to improve satisfaction of services. - Solves Complex Problems: Critically evaluates complex information and identifies trends/risks to make recommendations to improve processes across areas. - Offers Meaningful Advice and Support: Provides ongoing feedback and development discussions to motivate and support team members to maximize performance. Ensuring High Quality: - Performs Excellent Work: Anticipates problems or obstacles which may interfere with quality standards and develops plants to ensure area's quality standards are met. - Ensures Continuous Improvement: Routinely draws upon valuable learning from others, past experiences, and new information to determine key opportunities. - Fulfills Safety and Regulatory Requirements: Develops appropriate corrective actions for unsafe environments in order to ensure operational and safety compliance. Managing Resources Effectively: - Demonstrates Accountability: Identifies potential obstacles to goal achievement and develops solutions to address those obstacles. - Stewards Organizational Resources: Creates the appropriate systems and processes to effectively manage resources. - Makes Data Driven Decisions: Applies in-depth knowledge of data to recommend and implement new approaches to improve decision making capabilities. Fostering Innovation: - Generates New Ideas: Identifies opportunities and leads development of new initiatives that create value across areas. - Applies Technology: Creates the energy and drive for self/others to identify and leverage technology in new, innovative ways to drive greater efficiencies. - Adapts to Change: Anticipates the change process and clearly communicates impact on others/own team(s), assisting them in embracing the change.

Position Qualifications:

Responsibilities:

Certifications:

Work Experience:

Relevant Work Experience

Experience Level:

5 years

Education:

Bachelor's

Vanderbilt Health is committed to fostering an environment where everyone has the chance to thrive and is committed to the principles of equal opportunity. EOE/Vets/Disabled.