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Senior Manager, Store Brand Product Sourcing

https://www.cvshealth.com/ Logo

CVS Health

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Location:
United States , Woonsocket

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Category:

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Contract Type:
Employment contract

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Salary:

82940.00 - 182549.00 USD / Year

Job Description:

We're building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you'll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time. As a Senior Manager of Store Brand Product Sourcing, you will lead the end‑to‑end supplier selection and sourcing strategy for CVS Store Brand healthcare items. This role is responsible for developing a high‑performing supplier base, driving strategic negotiations, and delivering incremental profit through optimized sourcing decisions. You will partner closely with internal and external stakeholders, including Category Management, Finance, Inventory, Legal, and manufacturing partners, to ensure reliable supply, competitive cost structures, and long‑term value creation.

Job Responsibility:

  • Lead complex, high-value negotiations (including RFPs/RFQs) using advanced strategic thinking and proven negotiation expertise
  • Develop strong partnerships and optimize the supplier base by identifying new partners, executing consolidation strategies, and leveraging alternate source suppliers
  • Develop and execute data-driven sourcing strategies in alignment with category objectives and enterprise goals
  • Evaluate market dynamics, commodity trends, and competitive landscapes to proactively adjust sourcing strategies
  • Lead forecasting processes with high accuracy, using advanced Excel modeling and analytical frameworks
  • Ensure realized savings align with budget, goals, and forecast assumptions by explaining variances, assessing risks, and identifying opportunities
  • Drive continuous improvement initiatives that enhance sourcing efficiency, analytical rigor, and operational performance
  • Develop, refine, and manage complex analytical models to support decision-making across supplier selection, cost modeling, risk assessment, and forecasting

Requirements:

  • 7+ years of relevant experience in Category Management or in an analytical, inventory, sourcing, merchandising, or buying position
  • Ability to partner cross-functionally with key stakeholders to drive alignment, resolve issues, and support business decisions
  • Strong ability to construct complex analytical models in Excel
  • Skill in distilling complex ideas into simple frameworks and illustrations and translated into clear executive-ready narratives using PowerPoint
  • Superior analytical, quantitative, and problem-solving skills, including competency with statistics
  • Understanding of upstream manufacturing and supply chain processes
  • Exceptional attention to detail with the ability to manage multiple projects and shifting priorities
  • Demonstrate a high level of initiative, ownership, and independent decision-making in guiding strategic sourcing outcomes
  • Bachelor's degree required, or equivalent work experience

Nice to have:

  • SAS, SQL, Access and Tableau knowledge
  • Related product segment experience (Healthcare)
  • Experience with MS Co-Pilot or similar AI platforms
  • 1 Year or more of consulting or related analytical experience a plus
What we offer:
  • Medical, dental, and vision coverage
  • Paid time off
  • Retirement savings options
  • Wellness programs
  • bonus, commission or short-term incentive program
  • Equity award program

Additional Information:

Job Posted:
May 15, 2026

Expiration:
May 25, 2026

Employment Type:
Fulltime
Work Type:
Hybrid work
Job Link Share:

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