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Director, Strategic Sourcing, IT Portfolio in Secaucus, NJ at Quest Diagnostics

Date Posted: 1/28/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Secaucus, NJ
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    1/28/2019

Job Description

Recognized by FORTUNE magazine as one of the “World’s Most Admired Companies,” Quest Diagnostics is the world's leading provider of diagnostic testing, information and services that doctors and patients need to make better healthcare decisions. They are pioneers in developing innovative diagnostic tests and advanced healthcare information technology solutions that help improve patient care.

With corporate headquarters in Secaucus, NJ, Quest Diagnostics is a Fortune 500 company, traded on the New York Stock Exchange and included in the Dow Jones Sustainability World Index.  With 2017 revenues of $7.7 Billion, and approximately 42,000 employees and 2,100 patient locations across the US, Quest Diagnostics serves half of the physicians and hospitals in the US with their large variety of products and services. 

The company offers the broadest access to diagnostic testing services through its network of laboratories and patient service centers, and provides interpretive consultation through its extensive medical and scientific staff. Quest Diagnostics also provides services to employers, life insurance companies, other commercial labs, clinics, health plans, government agencies, and organizations involved in clinical trials research.

Approximately 150 million times each year, patients and their physicians rely upon Quest Diagnostics results to make important healthcare decisions.

Quest Diagnostics Healthcare IT solutions connect over 165,000 physicians.

Approximately one third of U.S. physicians – and many of the country’s leading hospitals and health systems – relies on Quest Diagnostics healthcare information solutions to foster better patient care and improve their business performance.

Awards/Recognitions

Ranked on:

  • FORTUNE magazine's "World's Most Admired Companies" list

  • Fortune magazine’s Fortune 500 list

  • Forbes Global 2000

  • Barron’s 500”

  • Member of the Dow Jones® Sustainability World Index

  • Consistently named one of the best places to work in U.S. business journal rankings

    Diagnostic Testing Services

    Quest Diagnostics is the world’s leading provider of diagnostic testing, information and services that patients and doctors need to make better healthcare decisions. Their services range from routine blood tests — such as total cholesterol, Pap testing and white blood cell count — to complex, gene-based and molecular testing. They perform medical tests that aid in the diagnosis or detection of diseases, measure the progress or recovery from a disease or confirm that an individual is free from disease. In addition, they have specialized expertise in cancer, cardiovascular diseases, infectious diseases, and neurology.

    Outlook

    In the $60 Billion and growing US Diagnostic Testing Market, Quest Diagnostics is the leader. Quest Diagnostics’ reputation as a leading innovator, provider of high value, low cost solutions and its financial strength and flexibility make it well positioned to capitalize on the evolving healthcare landscape.

    Quest Diagnostics’ long term strategy is to become the undisputed world leader in diagnostic testing, information and services. To drive this profitable growth, Quest Diagnostics plans to leverage capabilities to create differentiation:

  • Deliver Innovative Solutions

  • Leverage their Unparalleled Access and Distribution Network

  • Expand their relationships with large payors and health systems

  • Deliver Superior Patient Experiences

Position Description

This position manages Quest Diagnostics’ strategic sourcing activities for our Information Technology (IT) Portfolio. This critical role will assume responsibility for leading a team of category managers to source and manage our worldwide technology category portfolio. The Director will work collaboratively with the CIO team to set multi-year strategies, targets and align business and procurement priorities with the goal of achieving significant cost reductions, while maintaining/improving product quality and supplier service levels. This position will be responsible for effectively managing $300 million in annual Information Technology spend and will be a direct report to the Quest Diagnostics Chief Procurement Officer.  The position is based in Secaucus, NJ.

Duties and Responsibilities:

  • Establish project requirements for relevant categories working with internal stakeholders to develop appropriate Requirements resulting in Master Consulting Services, Software Licensing and Telecom Agreements

  • Provide thought leadership during the development and execution of long-term strategies related to the selection and management of third-party suppliers

  • Develop/refine sourcing strategy using industry analysis, vendor performance, and cost models supported by deep expertise of suppliers and industry

  • Negotiate contracts with suppliers of assigned categories. The terms of contracts include pricing, cost savings/reduction plans, service levels, payment terms, risk mitigation plans, quality terms, product development plans, regulatory compliances, etc.

  • Track forecasted vs. actual savings for the IT Portfolio and be responsible for communicating performance against these measures and their potential budgetary impact.

  • Lead Onshore/Offshore technology outsourcing project initiatives

    Qualifications

    The successful candidate for Director, IT Portfolio will have the following attributes and/or experiences:

  • BA/BS in Supply Chain Management/Business/Engineering or related field required;  an MBA preferred
  • Successful 7-10 year track record in a global procurement organization
  • Deep industry knowledge and experience in specific spend category (Information Technology and Telecom) is critical.
  • Experience with cost analysis, including estimation and risk analysis
  • Present and advocate the sourcing case to a variety of audiences with self-confidence
  • Knowledge of Supply management strategies and tools
  • Passion for setting and meeting aggressive goals
  • Openness for new initiatives, fast learner, proactive
  • Ability to lead teams and build effective working relationships both internally and externally
  • Demonstrate Candor; ability to respectfully challenge senior leadership
  • Strong analytical capabilities and negotiation skills
  • Self-starter and independent worker
  • Experience with global technology sourcing initiatives
  • Have a deep understanding of the usage of Information Technology space including hardware, software, data center complex services and telecommunications contracting.

  • Ability to travel 25%