Sourcing Specialist II

Labcorp is a global leader in laboratory services, providing the insights and answers that help healthcare providers, patients, researchers, pharmaceutical companies and health systems make confident decisions and improve outcomes. Through our unparalleled science, data, technology and laboratory network, we advance diagnostics, accelerate innovation and help address some of the world’s most important health challenges. As we shape the future of healthcare, we are leveraging advanced technologies, intelligent digital solutions and data-driven innovation across our operations to enhance how work gets done and deliver greater value to customers and patients.

With our global scale and deep expertise, you’ll have the opportunity to do meaningful work, grow your career and make a real impact on people’s health around the world. Together, we’re improving health and improving lives. Labcorp is a global leader in diagnostic testing and drug development solutions, helping healthcare providers, researchers, and patients make informed decisions that advance care.

Join us in our mission to improve health and improve lives.

• Employees regularly scheduled to work 20 or more hours per week are eligible for comprehensive benefits including:
  Medical, Dental, Vision, Life, STD/LTD, 401(k), Paid Time Off (PTO) or Flexible Time Off (FTO), Tuition Reimbursement and Employee Stock Purchase Plan.
• Employees regularly scheduled to work less than 20 hours, Casual, Intern, and Temporary employees are only eligible to participate in the 401(k) Plan.
• Employees who are regularly scheduled to work a 7 on/7 off schedule are eligible to receive all the foregoing benefits except PTO or FTO.
• Hybrid – Full time, regular.
• This hybrid role is central North Carolina-based with three days per week (Wednesday is mandatory) supporting both collaboration and flexibility on-site in Burlington, NC. The remainder of the schedule is remote Domestic travel up to 10%.

• Facilitate the execution of confidentiality and evaluation agreements with suppliers, ensuring compliance with company standards and contributing to secure, high performing supplier relationships.
• Ensuring timely supplier onboarding and contract finalization, working closely with internal teams to streamline processes and ensure a secure, uninterrupted supply chain.
• Lead/collaborate with cross-functional teams (Legal, Finance, Science & Technology) with limited guidance to ensure alignment and smooth execution of strategic sourcing initiatives, providing critical support throughout the process.
• Partner with four or more assigned Category Managers to develop negotiation strategies, compile necessary documentation, and perform intermediate level impact analyses to drive informed decision-making and favorable negotiation outcomes.
• Progressively monitor and analyze key supplier performance indicators (KPIs), identifying trends and opportunities to enhance sourcing effectiveness, improve supplier performance, and drive continuous improvement.
• Manage and foster supplier relationships, working closely with internal stakeholders to address issues, optimize performance, and contribute to long-term, value driven partnerships.
• Manage a project or small internal stakeholder team from initiation to closure with limited oversight.

• Bachelor's degree in business, finance, supply chain, life science.
• 2-4 years of experience developing sourcing or procurement discipline expertise.

• Proficiency in Microsoft Office is necessary to complete daily tasks:
  Excel to complete impact analysis and proposals in a format to allow data-driven decisions, Word to facilitate contract redlines, Outlook for email procession.
• Ability to translate and format data into actionable insights as it pertains to Supplier trends and negotiations across the enterprise.
• Intermediate level skills to identify and resolve gaps during supply chain disruptions, mitigate risks and implement contingency plans.
• Ability to decide when to escape situations to appropriate team members as they pertain to issues related to communicating with suppliers, conducting supplier…