Contract & Sourcing Specialist
Children's National Hospital
Summary
The Contracts and Sourcing Specialist is responsible for the creation, negotiation and maintenance of organization-wide contracts for supplies, commodities, services and capital targeted to their specific area(s) of responsibility. Will manage new and existing contracts, facilitate request for proposals (RFPs), conduct competitive bidding, conduct financial and return on investment (ROI) analyses, conduct vendor business reviews, monitor vendor performance and compliance, and oversee contractual relationship with respective department business owner(s) and vendor(s). Will also proactively review spend patterns and market pricing to achieve best financial and operational value through Vendor contracts. The Contract Specialist will work in concert with multiple departments across the organization enterprise to maximize value achieved through vendor contracts and relationships.
Job description
Contract Management and Requests for Proposals (RFPs)
- Proactively analyzes spend data to develop areas for enhancement/new contracting/bidding
- Manages RFP process from bid development to award and post award review of vendor performance
- Manages GPO and local contracts for reviews, renewals, activations, etc.
- Collaboratively works with departments to centralize and negotiate contracting within Supply Chain
- Contributes and manages centralized contract database for accuracy of contract records and timeliness of renewals
- Align with Legal department to assure contractual terms mitigate exposure and risk and comply with CNH Legal policies and procedures
- Serve as a liaison between department business owner, vendor and Children's National legal representative to execute contracts that are in the best financial and operational interest of the institution
- Establishes performance metrics/dashboard and business reviews with vendors on a regular basis to ensure vendors are meeting contract obligations
Strategic Sourcing & Negotiations
- Under direction of Strategic Sourcing leadership, collaboratively develops high level sourcing and negotiation strategies via analysis of key cost drivers (price, product, and process), supplier, market, technology profiles, rationalization, and contract optimization
- Proactively Identifies and presents opportunities for savings based on spend patterns, contract analysis and market pricing
- Utilizes price benchmarking tools to negotiate and achieve market best pricing
- Develops and maintains strong relationships with external vendors to maximize contract value and opportunities
Capital Procurement
- Supports and negotiates capital equipment and total cost of ownership value including associated consumable and service contracts within their respective area(s)
- Facilitates department end user through the Capital Allocation process. Conducts due diligence on all capital purchases including but not limited to financial, operating, facilities and information technology impacts
- Supports Strategic Sourcing leadership team in managing all capital requests from department business owners
Value Analysis & Purchasing
- Collaborates with Value Analysis team translating customer needs into sourcing, bidding and negotiation strategies
- Communicates details and terms of new contracts to facilitate implementation in coordination with clinical impact
- Collaborates with Purchasing Buyers in contract negotiations and to ensure alignment of purchase orders with contract execution and terms
Requirements
- Bachelor's Degree (Required)
- Master's Degree in Supply Chain Management, Business Administration, Healthcare Management or related field (Preferred)
- 3 years relevant work experience in contracting, supply chain, or a purchasing function (Required)
- Demonstrated skills and abilities in negotiations, problem solving and analytics
- Proven strong communication skills both written and oral
- Proven organizational skills, ability to plan time effectively, balance multiple assignments, and meet deadlines
- Ability to self initiate and identify improvement opportunities to maximize value in contracts
- Strong interpersonal skills and ability to develop relationships with internal and external stakeholders
Company overview
Children's National Hospital is a premier pediatric healthcare institution located in Washington, D.C., recognized as one of the top children's hospitals in the United States. Founded in 1870, it serves as the region's primary pediatric academic medical center, providing comprehensive care across all pediatric specialties. The hospital operates a 323-bed facility and offers advanced medical services including neonatal intensive care, pediatric surgery, oncology, cardiology, and neurology. As an academic medical center affiliated with the George Washington University School of Medicine and Health Sciences, Children's National is deeply involved in pediatric research, medical education, and clinical innovation. The institution is particularly renowned for its Sheikh Zayed Institute for Pediatric Surgical Innovation and its leadership in pediatric genomics and precision medicine. Children's National consistently ranks among the top pediatric hospitals nationally, with specialties in cancer, cardiology, neurology, and neonatology receiving particular recognition for excellence in patient care and outcomes.