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CVS Health Senior Sourcing Analyst - WORK FROM HOME in Woonsocket, Rhode Island

Job Description

CVS Health is seeking an IT Sr. Sourcing Analyst who is an energetic, self-starting, and very capable professional to be involved collaborating across multiple departments, planning, scheduling and monitoring various aspects of the sourcing end to end process. This position is located in Cumberland, RI.The candidate will analyze, interpret and document sourcing activities. This role will support ongoing sourcing performance measurement (savings and compliance). The successful candidate with have the technical and sourcing skills to collect, interpret, catalog and manipulate data along with the ability to analyze and communicate their findings. They will be responsible for thoroughly reviewing all sourcing elements (SLA’s, pricing models, terms and conditions, etc) that impact overall structure of any and all deals. They will participate in an integrated sourcing project team(s) as require achieving the departments overall sourcing strategic goals.This role is part of the IT Strategic Sourcing & Supplier Management team and reports into the Sr. Strategic Sourcing Category Manager, Enterprise IT and Global Security. The role will interact with multiple stakeholders groups across IT, Finance and other departments. This position will be responsible for supporting the Category Managers within the department.Key Accountabilities- Executing and tracking sourcing project plans, deliverables, metrics and milestones for associated projects - Execution and development of RFx scoring models and sourcing initiatives as well as supporting the RFx end to end process when needed- Prepare sourcing solution packages, analyses and evaluate proposals, support efforts to aid in negotiations, and work with Category Managers to award client contracts.- Responsible for ongoing negotiations for annual maintenance of Hardware and Software suppliers up to a predetermined threshold.- Liaise with Analyst and Category Managers to validate supplier spend, baseline analysis and track savings and compliance- Develop effective internal stakeholder and supplier relationships at all levels of the organization- Responsible for ongoing negotiations for annual maintenance of Hardware and Software suppliers up to a predetermined threshold.- Work to identify and implement continuous improvement in sourcing strategies and compliance- Assist in the development of supplier profiles, constraints and strategic sourcing plans- Create data flow diagrams and process models and integrates models across functional areas and platforms- Create and sustain processes, tools, and on-going support structures that enable reuse and efficiency- Support data selection, extraction, and cleansing for effective reporting and dash boarding requirements- Collect and analyze various sourcing and financial data through many different and disparate tools.- Ownership of the input of work into the Ariba Sourcing tool and follow through to completion Ability to multi-task and support many Category Managers in their request. Ability to change priorities based on demands and Category Managers needs.- Assist in delivering on enterprise initiative of annual savings targets.

Required Qualifications

  • 3-7 years’ experience in data analysis oriented role- Experience interacting with internal stakeholders and suppliers - Proficient in MS Office - Experience with foundational data handling tools, data mining tools and Business Intelligence platforms

COVID Requirements

COVID-19 Vaccination Requirement

CVS Health requires its Colleagues in certain positions to be fully vaccinated against COVID-19 (including any booster shots if required), where allowable under the law, unless they are approved for a reasonable accommodation based on disability, medical condition, pregnancy, or religious belief that prevents them from being vaccinated.

  • If you are vaccinated, you are required to have received at least one COVID-19 shot prior to your first day of employment and to provide proof of your vaccination status within the first 30 days of your employment. For the two COVID-19 shot regimen, you will be required to provide proof of your second COVID-19 shot within the first 60 days of your employment. Failure to provide timely proof of your COVID-19 vaccination status will result in the termination of your employment with CVS Health.

  • If you are unable to be fully vaccinated due to disability, medical condition, pregnancy, or religious belief, you will be required to apply for a reasonable accommodation within the first 30 days of your employment in order to remain employed with CVS Health. As a part of this process, you will be required to provide information or documentation about the reason you cannot be vaccinated. If your request for an accommodation is not approved, then your employment may be terminated.

Preferred Qualifications

  • Prior sourcing analysis experience desirable- Analytical and systematic thinker- Ability to write clear and concise sourcing documents- Lead the management and analysis of sourcing data- Developing technical and efficient sourcing spend analysis and visibility tools - Innovative problem solver- Self Starter, ability to work through ambiguity with limited direction- Proven ability to reconcile conflicting needs and obtain consensus from multiple views - Overall Team player- Strong quantitative and analytical skills and financial acumen - Strong bias for action and ability to execute in a fast paced work environment- Solid oral and written communications and presentation skills - Working knowledge of Ariba Sourcing and buyer tools


Bachelor’s Degree required, preferably in Business Administration, Accounting/Finance from an accredited four-year College or University.

Business Overview

At CVS Health, we are joined in a common purpose: helping people on their path to better health. We are working to transform health care through innovations that make quality care more accessible, easier to use, less expensive and patient-focused. Working together and organizing around the individual, we are pioneering a new approach to total health that puts people at the heart.

We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring or promotion based on race, ethnicity, sex/gender, sexual orientation, gender identity or expression, age, disability or protected veteran status or on any other basis or characteristic prohibited by applicable federal, state, or local law. We proudly support and encourage people with military experience (active, veterans, reservists and National Guard) as well as military spouses to apply for CVS Health job opportunities.