Senior Analyst - Procurement, CVS Health

CVS Health

Location:
United States, Woonsocket

Category:
Finance

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

Applies in-depth knowledge in sourcing, evaluating suppliers, negotiating contracts, and procuring goods and services to meet the organization's needs. Collaborates with internal stakeholders to understand procurement requirements, ensure timely and cost-effective purchasing, and maintain supplier relationships. Monitors market trends, assesses supplier performance, and implements procurement best practices to optimize the procurement process.

Job Responsibility:

Analyzes complex data and trends within procurement operations to identify opportunities for cost savings process improvement, as well as third-party supplier performance enhancement
Applies in-depth knowledge of procurement principles and best practices to analyze and implement core procurement strategies that optimize sourcing, supplier selection, and contract management
Conducts routine examinations and evaluations of procurement activities and systems to identify potential risks, bottlenecks, and areas for process optimization
Implements and configures procurement systems and technologies to support efficient procurement workflows and enhance visibility across the procurement function
Identifies opportunities to streamline and automate procurement processes, leveraging emerging technologies and industry best practices
Coordinates large or complex procurement projects, collaborating with cross-functional teams to ensure successful project implementation to effectively achieve procurement goals
Communicates effectively, both internally and externally, to collaborate with stakeholders, suppliers, and cross-functional teams to ensure seamless procurement processes and drive successful supplier relationships
Documents and maintains accurate records of procurement activities, including contract management, supplier performance, and compliance monitoring
Provides expertise and guidance to junior analysts and support staff, offering training, mentoring, and knowledge sharing to foster their professional growth and development

Requirements:

2+ years of experience in working in IT contract negotiations, vendor management, and/or vendor relationship management
2+ years of experience using data to running RFx sourcing events

Nice to have:

Working knowledge of problem solving and decision making skills
APICS Certified Supply Chain Analyst (CSCA)

What we offer:

Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan
No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching
Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility

Additional Information:

Job Posted:
May 02, 2025

Expiration:
May 14, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Senior Analyst - Procurement