Vendor Management Specialist (Hybrid - Troy, MI) - Health Alliance Plan

GENERAL SUMMARY:

Manage the daily operations and compliance program as it relates to the Vendor Management and Transparent Sourcing Policy, with a primary emphasis on vendor compliance, reporting, organizational metrics, and minority procurement efforts. Also responsible for analysis of data relative to market and industry conditions, projections and trends; costing factors, historical pricing, volume, spend and utilization; cost savings; and bids/proposals/quotations.

PRINCIPLE DUTIES AND RESPONSIBILITIES:

• In conjunction with the Director of Vendor Management, be responsible for all data and records as it relates to purchasing and vendor management activities.
• Monitors the day-to-day purchase requests to confirm adherence to the company procurement policy and procedures.
• Provides support to company departments in attaining qualified bidders for purchases and services, referring a certified minority vendor when possible. Builds and maintains a supplier and certified minority vendor list.
• Collects data and reports metrics to show conformance to policy, company goals and targets.
• Prepares reports on market and product research, standards, and changing economic factors, to identify potential cost drivers and market trends.
• Collects, processes and analyzes positive and negative predictive value data (such as Healthcare statistics e.g. admissions & discharges) to help improve forecast projections and visibility of cost spend impact factors.
• Analyzes economic impact of national group purchasing contracts and utilizes GPO analytic tools.
• Prepares reports on projected and realized cost savings and price fluctuations.
• Conducts financial analysis of opportunities for process improvement related to the utilization of supplies, service, and equipment.
• Prepares reports on consumption and utilization to identify compliance improvement and waste reduction opportunities.
• Conducts audits on supplier pricing to ensure contract compliance to service level agreements and price integrity.
• Organizes and executes work with strategic purpose: to identify and prioritize based on the spend of commodities and services, to accomplish team-implemented savings foals by pursuing identified savings, persuading and influencing as necessary and where possible. Conducts quarterly and semi-annual business reviews with key vendors. Meets with departments to coordinate review of supplier performance to ensure conformity to applicable policies, procedures, and established contracts. Works to identify opportunities for pricing discounts, value- added services and rebates.
• Performs as a resource regarding products, vendor management operations, contracting and the like. Informs business partners of contract developments and maintains accessible related written materials.
• Participates in activities to increase work-related knowledge, professional expertise and delivery of quality contract services. Keeps abreast of market product developments.