Vice President, Global Sourcing & Procurement

VP, Global Sourcing & Procurement

The VP, Global Sourcing & Procurement is the senior voice of sourcing and procurement across the enterprise, defining and executing a global sourcing and procurement strategy aligned with business priorities and financial goals.

This role oversees the global sourcing and procurement function within the Supply Chain organization, driving strategic sourcing, shared services, and procurement excellence, and leading a high-performing team across regions and matrixed structures.

As VP, you will continue building a world-class organization that delivers strategic supplier partnerships, operational value, and sustainable cost savings, transforming procurement into a best-in-class global capability. You will drive enterprise-wide change, leverage global scale, and embed procurement innovation and best practices throughout the organization.

In this role, your Sourcing & Procurement team consists of three direct reports at the Executive Director-level and approximately 175 team members across nine countries.

You will ensure business stakeholder success by delivering:

• Strategic partnerships, moving at the speed of the business while maintaining process integrity
• Operational values & external innovations
• Scalable resources to support fiscal accountability, sustainability and business resilience

Your relationships with senior and executive leadership will be second to none as you deliver best in class sourcing and procurement value to the organization.

Duties & Responsibilities:

• Build and maintain relationships with key executives, influencing their decision-making in the S&P sphere
• Act as a results driven leader of enterprise-wide sourcing strategy to leverage Labcorp's position as a market leader through: Business alignment, Data Driven Decisions, Principled Negotiations, Supplier Governance, and our People & Culture.
• Lead a team of sourcing professionals to support supplier & category management, negotiations, contracting, and RFx.
• Lead a team of procurement professionals to ensure day-to-day purchasing activities are carried out efficiently, accurately, and in alignment with company policies and supplier agreements.
• Oversee the development, monitoring and analysis of key procurement metrics and spend analytics and directly responsible for material deflation, indirect savings and supplier development and performance, including sustainability, vendor performance, quality and lead time reliability.
• Actively invest in building and developing talent (both within and outside the organization of responsibility), supporting career planning, engagement, and performance management to ensure value-add to the business and to foster team engagement, motivation, and retention.
• Identify and monitor market, financial and business trends, metrics and intelligence within the functional area and influence data driven decisions.
• Build and sustain a culture of innovation that delivers process and performance excellence.
• Leverage AI and other technology to optimize the performance, capability and capacity of the S&P organization

Minimum Experience & Education:

• Bachelor's degree in supply chain or related field is required. An MBA is preferred.
• 10 years of (industry-related) experience, with at least 3 of those years in an upper-level strategic role, leading and managing cross-functional teams is required.
• Strong business acumen, with analytical and problem-solving skills and ability to identify impact, risks and action plan.
• Strong financial acumen including budgetary and/or P&L management and experience in managing category spend across multiple acquisition categories is required.
• Track record of building and developing relationships with internal business partners at the highest level of the organization, ensuring strategic insights are leveraged and value is delivered.
• Communication acumen: ability to communicate to and influence all levels of the organization from front-line team members to C-suite executives.
• Previous leadership experience in a matrix environment managing diverse cultures.

Preferred Qualifications:

• Leadership experience in managing category spend of $1B (or more) across multiple acquisition categories
• Global leadership experience.
• Leadership experience in a health care environment.
• Sponsorship not available for this role.

Skills & Competencies:

• Healthcare Business & Industry Acumen
• Strategic level leadership experience with the ability to convey vision, strategy, priorities, and actions to front-line team members and executive leaders for time sensitive and complex initiatives. Excellent communication and stakeholder engagement skills. Ability to develop & deliver business impacts related to the company strategy and solve business problems.
• Ability to develop and drive process excellence and standardization.
• Financial and business acumen to include both developing business cases, financial analysis, and management of department-level P&L responsibilities.
• Experience developing category and supplier procurement strategy, goals and savings targets in line with company goals and procurement best-practices
• Experience in developing high level relationships with suppliers and engaging them in strategic relationship and performance management to drive value creation and innovation
• Digital & Analytical Expertise to develop and report executive summaries, KPIs, SLAs, and scorecards.
• Ability to select and develop talent within the organization.
• Effectively interact with, work with, and develop meaningful relationships with people of various cultural backgrounds. Inspire inclusive teams.
• High emotional intelligence

Working Conditions:

• Full time. Typically, Monday-Friday 8a-5p. This role operates globally. Alternative and additional hours, including cross-time zones, evening, nights, and weekends (including on-call) is occasionally required.
• The Global Supply Chain team is based in Burlington, NC. This role is central North Carolina-based either full-time on-site daily in Burlington, NC or hybrid (with a minimum of three days per week on-site in Burlington).
• Up to 25-50% travel (domestic and international) may be required.
• The role is primarily office-work based and predominately sedentary position but as part of projects, there can include long periods of standing. Activities within a biological laboratory setting is occasionally required.

Benefits:

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. Casual, PRN & Part Time employees regularly scheduled to work less than 20 hours are eligible to participate in the 401(k) Plan only.

Labcorp is proud to be an Equal Opportunity Employer:

Labcorp strives for inclusion and belonging in the workforce and does not tolerate harassment or discrimination of any kind. We make employment decisions based on the needs of our business and the qualifications and merit of the individual. Qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), family or parental status, marital, civil union or domestic partnership status, sexual orientation, gender identity, gender expression, personal appearance, age, veteran status, disability, genetic information, or any other legally protected characteristic. Additionally, all qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable law.

We encourage all to apply

If you are an individual with a disability who needs assistance using our online tools to search and apply for jobs, or needs an accommodation, please visit our accessibility site or contact us at Labcorp Accessibility. For more information about how we collect and store your personal data, please see our Privacy Statement.