Procurement Lead

📋 Description

• • Generate and implement efficient sourcing and category management strategies to optimize Humana’s supply portfolio and ensure transparency of spending.
• • Manage pharmaceutical drug purchasing by directly engaging with pharmaceutical companies to secure optimal pricing and contract compliance.
• • Reconcile vendor purchases with invoices, validate pricing accuracy, and ensure adherence to contractual terms and federal/state regulatory guidelines.
• • Develop category strategies using sourcing best practices, including supply market analyses, Porter’s Five Forces, should-cost models, and domain expertise.
• • Create risk- and probability-adjusted multi-year savings forecasts and annual savings goals aligned with organizational objectives.
• • Conduct qualitative and quantitative analysis of supplier characteristics such as capabilities, financial position, risk profile, and strategic alignment.
• • Implement a supplier segmentation program to tailor sourcing and management approaches based on supplier type and category importance.
• • Build multi-year sourcing pipelines that deliver total value through cost savings, supplier development, and innovation.
• • Collaborate with the Continuous Improvement team to execute cross-functional project implementations.
• • Drive corporate compliance within the preferred-supplier program through end-user change management and communication initiatives.
• • Partner with Procurement Operations and Corporate Payables to ensure seamless procurement experiences for internal associates.
• • Develop and enforce leading sourcing practices that promote environmental sustainability and adherence to Humana’s supplier code of conduct.
• • Mitigate legal and commercial risks across procurement activities to protect organizational interests.
• • Advise executives on functional strategies for high-impact procurement matters, often segmented by business unit or product line.
• • Exercise independent judgment on complex procurement issues by analyzing variable factors and determining optimal courses of action.
• • Leverage internal and external resources efficiently within Humana’s operating model to maximize procurement effectiveness.
• • Present findings, recommendations, and business cases to leadership with clarity and influence.
• • Work autonomously while maintaining strong collaboration across teams and levels of the organization.
• • Accommodate EST/CST working hours to align with team and vendor schedules.
• • Occasional travel to Humana offices may be required for training, meetings, or strategic alignment sessions.
• • Maintain a 40-hour weekly schedule with eligibility for bonus incentives based on company and individual performance.