Strategic Sourcing Specialist - NYC
Lincoln ITNew York City, NY
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Overview
Schedule
Full-time
Career level
Senior-level
Benefits
Career Development
Job Description
Overview:The Strategic Sourcing Specialist plays a key role in managing the full lifecycle of sourcing activities across designated commodities. This position focuses on executing sourcing initiatives that align with organizational goals, analyzing procurement data, and fostering supplier relationships to drive cost efficiencies and operational improvements.Key Responsibilities:Sourcing Strategy & Planning:
- Design and implement sourcing approaches that support business objectives, budget constraints, and operational needs while mitigating risk.
- Utilize spend analysis, stakeholder feedback, and supplier market insights to shape sourcing strategies.
- Conduct comprehensive spend reviews across various organizational levels to uncover savings opportunities and identify overlapping purchases.
- Research market trends and emerging technologies to inform sourcing decisions.
- Develop negotiation frameworks and secure agreements with favorable terms.
- Lead RFx processes and coordinate sourcing events from initiation to completion.
- Collaborate with internal teams to negotiate and finalize contracts that reflect strategic sourcing goals.
- Draft and manage contract terms that reduce institutional risk and align with service expectations and scope of work.
- Prepare and circulate contract documentation for approval.
- Evaluate potential suppliers for capability, financial health, and market reputation.
- Determine the most effective supplier selection methods for new sourcing opportunities.
- Facilitate cross-functional collaboration between suppliers and internal departments.
- Build strong relationships with internal clients through regular meetings to understand evolving procurement needs.
- Serve as a trusted advisor and problem solver within the organization.
- Gain insight into supplier offerings and future innovations that may impact pricing and contract terms.
- Collect performance data to inform future sourcing decisions and supplier evaluations.
- Create and pursue an annual development plan to deepen expertise in healthcare procurement and industry trends.
- 4–7 years of experience in strategic sourcing or procurement.
- Proven ability to manage projects, define deliverables, and meet critical milestones.
- Strong contract negotiation and supplier engagement skills.
- Experience leading sourcing initiatives and cross-functional meetings with stakeholders and vendors.
- Background in healthcare procurement is highly desirable.
- Required: Bachelor’s degree in Business, Finance, or a related field.
- Preferred: Master’s degree in Business, Finance, or Supply Chain Management.
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FAQs About Strategic Sourcing Specialist - NYC Jobs at Lincoln IT
What is the work location for this position at Lincoln IT?
This job at Lincoln IT is located in New York City, NY, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Lincoln IT?
Employer has not shared pay details for this role.
What employment applies to this position at Lincoln IT?
Lincoln IT lists this role as a Full-time position.
What experience level is required for this role at Lincoln IT?
Lincoln IT is looking for a candidate with "Senior-level" experience level.
What benefits are offered by Lincoln IT for this role?
Lincoln IT offers Career Development for this position. Actual benefits may vary depending on the employer's policies and employment terms.
What is the process to apply for this position at Lincoln IT?
You can apply for this role at Lincoln IT either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.