Director IQP Sourcing & Business Development, CVS Health

CVS Health

Location:
United States, Woonsocket, Rhode Island

Category:
Purchasing

Contract Type:
Not provided

Salary:

100000.00 - 231540.00 USD / Year

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Job Description:

At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care. As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues – caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.

Job Responsibility:

Develop sourcing strategies for rules of engagement including RFI/RFQ/RFP process and approaches with scope across the entire store brands portfolio
Manage key sourcing partnerships and consortiums and establish new relationships to broaden our store brand sourcing goals and objectives
Lead a team capable of leading or facilitating supplier selection and negotiations and lead critical negotiations
Ensure we are meeting all sourcing criteria including savings, quality, sustainability, and in-stock levels
Build processes to develop specifications to improve RFP’s and monitor cost fluctuations with the broader market
Establish commodity tracking and other tools to monitor raw materials price fluctuations to better manage cost increase negotiations
Develop a deep understanding of the supplier base including supplier performance, capabilities and capacities
Partner with internal cross-functional team members to improve supply chain efficiencies and in-stock levels across the portfolio
Strategically grow new business revenue streams to support cost effective product access for our customers
Present purchasing proposals, sourcing strategies, recommendations and approaches to internal and external stakeholders
Manage the engagement and professional development of direct reports

Requirements:

10+ years of relevant experience in sourcing or similar experience, ideally in retail, CPG or healthcare organizations with analytical, purchasing, merchandising or buying experience
10+ years’ proven track record of influencing others with and without authority
10+ years’ experience building high-performing, successful teams developing key talent
10+ years’ experience actively taking on issues in a decisive manner
10+ years’ experience leading under pressure, adapting to changing dynamics in real time
10+ years’ experience understanding and breaking down highly complex situations to deliver impactful solutions in real time
10+ years’ experience effectively demonstrating excellent verbal and written communication skills
10+ years’ experience collaborating effectively across different business functions
10+ years’ experience demonstrated ability to lead a large team and manage a multi-million-dollar business unit
Expertise leveraging MS Office Suite, including advanced Excel and PowerPoint capabilities
Strong strategic and analytics skills
Ability to prioritize and deliver on multiple concurrent initiatives
Strong leadership skills
Extensive knowledge of all aspects of sourcing, materials, manufacturing processes, domestic and offshore suppliers and costs
Strong negotiating skills and understanding of global logistics and manufacturing operations
Strong communication skills
Structured problem-solving skills
Track record of high performance
Experience working in a self-directed manner, requiring minimal leadership oversight
Travel as needed to meet business needs 20-30%

Nice to have:

15+ years of relevant experience in sourcing or similar experience, ideally in retail, CPG or healthcare organizations with analytical, purchasing, merchandising or buying experience
15+ years’ proven track record of influencing others with and without authority
15+ years’ experience building high-performing, successful teams developing key talent
15+ years’ experience actively taking on issues in a decisive manner
15+ years’ experience leading under pressure, adapting to changing dynamics in real time
15+ years’ experience understanding and breaking down highly complex situations to deliver impactful solutions in real time
15+ years’ experience effectively demonstrating excellent verbal and written communication skills
15+ years’ experience collaborating effectively across different business functions
15+ years’ experience demonstrated ability to lead a large team and manage a multi-million-dollar business unit
Expertise leveraging MS Office Suite, including advanced Excel and PowerPoint capabilities
Strong strategic and analytics skills
Ability to prioritize and deliver on multiple concurrent initiatives
Strong leadership skills
Extensive knowledge of all aspects of sourcing, materials, manufacturing processes, domestic and offshore suppliers and costs
Strong negotiating skills and understanding of global logistics and manufacturing operations
Strong communication skills
Structured problem-solving skills
Track record of high performance
Experience working in a self-directed manner, requiring minimal leadership oversight
Travel as needed to meet business needs 20-30%

What we offer:

Affordable medical plan options
401(k) plan (including matching company contributions)
Employee stock purchase plan
No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching
Paid time off
Flexible work schedules
Family leave
Dependent care resources
Colleague assistance programs
Tuition assistance
Retiree medical access

Additional Information:

Job Posted:
July 31, 2025

Expiration:
September 30, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Director IQP Sourcing & Business Development