Role Description The Strategic Sourcing Specialist will play a key role in driving the efficient acquisition of goods and services across the organization, focusing on delivering the best value solutions. This position involves overseeing the entire sourcing lifecycle, from understanding business needs to conducting RF(x) events, negotiating & drafting contracts, and managing the source-to-pay process. The specialist will participate in supplier selection activities, including competitive bids, establishing contracts, and handling contract administration and reporting. - Generate and implement efficient sourcing strategies through the RFx process. - Prepare and manage competitive bids (RFQ, RFP, etc.), including document preparation, proposal review, price analysis, negotiation of price and contract terms, scope review, and recommending selected bidders. - Develop and negotiate contracts with new suppliers and renegotiate existing contracts to achieve the best value solutions and savings objectives. - Maintain strategic sourcing relationships and foster the development of strong supplier partnerships. - Generate total value estimates and expenditure forecasts related to procurement. - Evaluate and streamline sourcing procedures, present improvement strategies to leadership, and implement solutions for continuous enhancement. - Drive the success of strategic sourcing goals and implement action items to ensure those objectives are met. - Develop strategies to improve the organization's cost structure. - Optimize external spending through early involvement in the sourcing lifecycle and collaboration with business stakeholders. - Demonstrate strong business judgment, integrity, financial acumen, and sourcing expertise. - Negotiate contracts and manage vendor relationships, focusing on key areas such as IT services, IT infrastructure, and indirect spend. - Evaluate supplier core competencies and competitive positioning, working with cross-functional stakeholders to reach agreements on contract terms and conditions. - Analyze industry trends and emerging technologies to proactively identify risks and opportunities, minimizing supply chain disruptions and ensuring continuity of supply. - Manage all aspects of purchase order administration, including submitting notices, change orders, new supplier onboarding, and closing out contracts. Qualifications - Bachelor’s degree in Supply Chain Management, Operations Management, Business, Mathematics, Statistics, or a related field, or a combination of relevant education and experience. - A minimum of 1 (one) year of experience in procurement, vendor management, and/or supply chain management, with direct involvement in strategic sourcing management. - Relevant certifications (e.g., Certified Professional in Supplier Diversity, Certified Professional in Supply Management) preferred. - Project management and process improvement experience preferred. - Previous IT procurement experience highly desired. - Experience identifying and implementing lean principles into workflows is a plus. Requirements - Skilled in conducting RFx events (RFPs, RFQs, RFIs), including preparation, supplier evaluation, and selection. - Able to manage multiple projects, prioritize tasks, and meet deadlines while maintaining attention to detail. - Proven ability to collaborate and influence stakeholders at all levels to drive successful outcomes. - Skilled in building and maintaining effective relationships with internal teams, suppliers, and vendors. - Proficient in researching, analyzing data, and presenting findings clearly for decision-making. - Quick to adapt to new technologies and tools, improving procurement efficiency. - Strong understanding of procurement policies, procedures, and supplier management to ensure compliance. - Capable of interpreting and negotiating contract terms, including redlining to protect the organization’s interests. - Experienced with sourcing and procurement tools, including contract lifecycle management systems. - Strong negotiation skills and ability to resolve conflicts for mutually beneficial outcomes. - Able to lead projects independently and in cross-functional teams to ensure success. - Excellent written and verbal communication for effective supplier and team engagement. - Ability to analyze data and use insights to make informed decisions that support organizational goals. Benefits - Base compensation is only one component of your competitive Total Rewards package. - Incentive pay program (EPIP). - Health/Vision/Dental insurance. - 6 weeks paid parental leave for new mothers and fathers. - Fertility/Adoption assistance. - 2 weeks paid caregiver leave. - 401(k) plan matching up to 5%. - Tuition reimbursement. - Health & fitness benefits, discounts and resources. Compensation $73,920 - $92,400 Exempt Grade 15 Blue Cross and Blue Shield of Kansas offers excellent competitive compensation with the goal of retaining and growing talented team members. The compensation range for this role is a good faith estimate, it is estimated based on what a successful candidate might be paid. All offers presented to candidates are carefully reviewed to ensure fair, equitable pay by offering competitive wages that align with the individual's skills, education, experience, and training. The range may vary above or below the stated amounts.