Procurement Analyst

Twitter Facebook
Location
Memphis, TN
Job Type
Direct Hire
Date
Aug 31, 2017
Job ID
2518242

Position Purpose:

 

The Procurement Analyst reports in to the Manager of Procurement. The main purpose of this role is to provide analytical support for business decisions, develop reporting to monitor prescription drug cost changes, and to analyze procurement decisions for Brand, Generic, and Specialty drugs. Ultimately, the activities of this position will be focused on increasing margin by reducing drug acquisition costs. In support of Procurement goals, this role will be expected to demonstrate and exercise tactical problem solving, tracking and increasing procurement savings, working through technical issues, improving performance, and developing standardized procurement tools and reporting.

 

 

Duties and Responsibilities:

  • Provide day-to-day operational and analytical support to the Procurement team
  • As part of a broader management team, partner with Manager/Director to execute department strategies and objectives to achieve financial goals. Begin developing a complete understanding of pharmacy procurement and the various levers and activities that can affect pharmaceutical pricing. Demonstrate a willingness to learn, as well as making independent contributions through critical thinking, logic, creativity, and experience. Develop sound methods, techniques and evaluation criterion for obtaining results.
  • Responsible for maintaining and managing the list of active indirect contracts, including routine monitoring of wholesaler pricing to ensure savings targets are achieved. Track and report indirect purchase savings and validate pricing information provided by wholesaler.
  • Monitor historical purchase data to identify potential purchasing opportunities.
  • Analyze large volumes of data and create reporting using Excel, PowerPoint, and other Data Warehouse Systems to provide business intelligence, insight, and analytical research in support of Procurement goals.
  • Coordinate with the Inventory Management team to ensure the procurement processes and expected savings are consistent with the inventory ordering systems and are balanced against operational needs.
  • Meet procurement goals as described by VP and/or Director

 

Knowledge and Skills:

  • Previous procurement, retail pharmacy, wholesaler, or GPO experience preferred.
  • Analytic experience – Microsoft Excel skills (ability to create and troubleshoot calculations), attention to detail.
  • Ability to effectively manage and prioritize multiple tasks. Work with a sense of urgency, but always with attention to detail.
  • Communication skills – strong presentation and written communication skills.
  • Self-starter attitude and ability to work with ambiguity.
  • Flexibility and proven ability to diagnose and resolve issues.
  • Strong intellectual curiosity and desire to keep abreast of latest developments in retail and specialty pharmacy strategy and contribute to the development of new tools and approaches.
  • Ability to work both independently as well as on a team, and to be an individual contributor adding value using all skillsets.

 

Education:

 

Bachelor’s degree in business or related field, and at least 2 years of pharmacy Retailer/Wholesaler experience