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PRINCIPAL CATEGORY MANAGEMENT ANALYST

Location Durham, North Carolina, United States of America Category Finance &
Actuary Posted Date: 08/16/2023 Job Id RQ0013546


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JOB DESCRIPTION


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JOB DESCRIPTION





The Principal Strategic Sourcing Advisor is responsible for driving supplier
sourcing business strategies that optimize Company performance and savings. They
work with senior leaders and other company strategists to identify opportunities
for savings, and/or transformation of capabilities and develop the roadmap for
executing on the strategy in the assigned categories.





 * Implement Blue Cross NC enterprise sourcing strategy and drive millions in
   annual savings to meet established targets
 * Understand Blue Cross NC enterprise business needs and act as authoritative
   voice of Blue Cross NC to the suppliers regarding business needs,
   requirements, expectations, and direction
 * Lead and coordinate roadmap discussions and engagement with executives to
   establish the sourcing strategy for critical business capabilities
 * Understand, analyze, and forecast complex market and industry dynamics and
   share subject matter expertise and industry knowledge within the strategic
   portfolio of products and services.
 * Conduct complex enterprise sourcing events with strategic suppliers,
   including development of project work plan, category profile, category
   strategy, minimum requirements and evaluation criteria, solicitation
 * Find solutions, build proposals, and execute sourcing events to meet business
   requirements, striking a balance between supply continuity, cost, and
   delivery
 * Develop and implement assorted bid documents and requests (i.e. RFP, RFI,
   RFQ); Manage status reporting and performance metrics of sourcing activities
   for strategic vendors.
 * Partner with stakeholders to source products and services using proven tools,
   processes, and analytics to drive and achieve business results.
 * Evaluate analyses of sourcing results from a total cost of ownership
   perspective and provide optimization recommendations
 * Participate in cross-functional teams responsible for complex vendor
   negotiations, including those that require specialized subject matter
   expertise, nonstandard risk mitigation solutions, and coordination of
   multiple arrangements.
 * Lead supplier relationship management and performance for the largest and
   most complex suppliers in the Enterprise from both an operational and risk
   management perspective
 * Proactively establish and foster successful, positive working relationships
   with vendor personnel.  Drive vendor engagement through formal and informal
   transactions.



Hiring Requirements

 * Bachelor's degree or advanced degree (where required)
 * 8+ years of experience in related field
 * In lieu of degree, 10+ years of experience in related field
 * Demonstrated in-depth knowledge and experience in the development,
   negotiation, and implementation of contracts & pricing agreements
 * Strong analytical ability and comfort dealing with large amounts of financial
   data
 * Demonstrated Business and financial acumen
 * Experience in executing strategic competitive bids with a track record of
   delivering cost efficiencies and driving a culture of affordability across
   diverse portfolio of enterprise sourcing activities
 * Experience managing and working through tough situations specific to sourcing
   and contracting processes
 * Ability to perform work without appreciable direction and exercise
   considerable independence in determining objectives and approaches; may
   direct the work of others and/or act as leader of cross-functional teams
 * In-depth knowledge of contractual documents and requirements, risk control
   programs and business services sourcing and best practice
 * Build roadmaps and engage with Executives on sourcing strategies for critical
   business outcomes.
 * Ability to build sustainable critical relationships with Executive Leadership
   supporting significant transformation.
 * Utilize a network of recognized market specialists to uncover critical
   intelligence and exposure to leading-edge research data and trends.
 * Ability to build short to medium term contracting strategies and realized
   maximum value while mitigating key risk.



Nice to Haves

 * Certified Sourcing Professional (CSP) or other Sourcing Certification

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ABOUT US


It's an exciting time to work at Blue Cross and Blue Shield of North Carolina
(Blue Cross NC). Health care is changing, and we're leading the way. We offer
more than health insurance our customers can count on. We’re committed to better
health and better health care − in our communities and beyond. Our employees
bring energy and creativity to the workplace, and it shows in our innovative
approach to improving the health and well-being of North Carolinians.




Blue Cross NC is a fully taxed, not-for-profit North Carolina company with major
operations centers in Durham and Winston-Salem. We employ more than 5,000
people who are passionate about health care, and we serve more than 4.3 million
members.




Help us lead the charge for better health care by joining our award-winning
team. Discover tremendous opportunities with us to do challenging and rewarding
work. Opportunities that can lead you to a fulfilling career, work that can help
others lead healthier, happier lives.




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