Category Management & Strategic Sourcing Specialist

Are you an experienced professional with a passion for category management and strategic sourcing? Do you have a keen eye for identifying cost-saving opportunities and optimizing supplier relationships? If so, we have an exciting opportunity for you at Cigna. As a Category Management & Strategic Sourcing Specialist, you will play a critical role in driving business success and financial growth by managing and optimizing the company's procurement processes. Join our dynamic team and make an impact in a fast-paced and innovative environment. In this role, you will utilize your expertise in strategic sourcing, contract negotiations, and market analysis to identify and implement cost-effective procurement strategies. Your strong communication and relationship-building skills will be essential in collaborating with internal stakeholders and external suppliers to achieve business goals. The ideal candidate will have a proven track record of success in category management and strategic sourcing, as well as a deep understanding of procurement best practices. If you are a driven, results-oriented individual with a passion for driving efficiency and cost savings, we encourage you to apply for this exciting opportunity at Cigna.

1. Develop and implement effective category management strategies to optimize supplier relationships and drive cost savings.
2. Conduct thorough market analysis to identify cost-saving opportunities and stay current with industry trends and best practices.
3. Collaborate with internal stakeholders to understand business needs and develop procurement strategies that align with company goals.
4. Negotiate contracts with suppliers to secure favorable terms and pricing, while ensuring compliance with company policies and procedures.
5. Continuously monitor and evaluate supplier performance to identify areas for improvement and address any issues that may arise.
6. Act as the primary point of contact for all procurement-related inquiries and provide guidance and support to internal stakeholders on procurement processes and best practices.
7. Manage the end-to-end procurement process, including vendor selection, contract negotiation, supplier relationship management, and contract renewals.
8. Develop and maintain strong relationships with key suppliers to ensure timely delivery of goods and services and resolve any issues that may arise.
9. Stay informed of industry developments and market trends to identify potential risks and opportunities that may impact procurement strategies.
10. Effectively communicate and present procurement strategies, cost-saving initiatives, and supplier performance to senior management and other stakeholders.
11. Continuously seek opportunities to improve efficiency and reduce costs through process improvement and vendor optimization.
12. Ensure compliance with all company policies, procedures, and regulatory requirements related to procurement.
13. Mentor and train junior team members on category management and strategic sourcing best practices and procedures.

According to JobzMall, the average salary range for a Category Management & Strategic Sourcing Specialist in Philadelphia, PA, USA is $71,000 - $97,000 per year. This can vary depending on the specific industry, company size, and individual experience and qualifications. Some professionals in this role may also receive bonuses or other compensation in addition to their base salary.

Cigna Corp. provides medical, dental, disability, life and accident insurance and related products and services to businesses, governmental and non-governmental organizations and individuals. It operates through following segments: Global Health Care; Global Supplemental Benefits; Group Disability and Life; Other Operations; and Corporate.