Full-Time

VP of Sales Contracting

Posted on 12/21/2024

Medline

Medline

5,001-10,000 employees

Provider of medical supplies and healthcare solutions

Industrial & Manufacturing
Healthcare

Expert

Northbrook, IL, USA

Category
Business Development
Business & Strategy
Required Skills
Data Analysis
Requirements
  • Bachelor's degree in a Business-related field.
  • At least 10 years of overall sales contracting and/or pricing experience to include experience negotiating contracts, prices, resolving service issues and/or reconciling differences.
  • At least 10 years of experience directly managing people including hiring, developing, motivating, and directing people as they work.
  • Experience evaluating information to determine compliance with contracts, standards, laws, and regulations.
  • Knowledge and experience developing, documenting implementing procedures and internal controls.
  • Proven track record of successful contract negotiation and management.
  • Strong financial acumen and experience with budget management.
  • Ability to work collaboratively with diverse stakeholders and build consensus.
  • Excellent communication, negotiation, and interpersonal skills.
  • Experience developing strategic initiatives to align with company vision, goals and budget.
  • Experience working with cross-functional teams and leading or facilitating teams to identify and implement solutions to complex problems.
Responsibilities
  • Direct the development of policies and processes governing the contract administration staff to include providing guidance on contract terms and assessing contract proposals.
  • Drive policy and practice for sales proposals and contract negotiation with internal sales teams and customers.
  • Accountable for the development and implementation of systems, processes, and SOPs and ensure training and communication to sales teams.
  • Streamline processes to improve efficiencies and address questions and concerns in a timely manner.
  • Elevate issues to sales executives as necessary.
  • Work closely with sales and business leaders to understand their needs and to ensure contracts support operational goals.
  • Serve as a primary point of contact for business leaders regarding contract-related inquiries and issues.
  • Foster collaboration with other departments to align contracting efforts with the organization’s overall strategy.
  • Overall responsibility for communicating the terms of contracts (new, updated) to internal stakeholders including but not limited to implementation, A/R, rebates and operations.
  • Develop and maintain strong relationships with peers in client companies to facilitate favorable contract terms.
  • Influence contract negotiations and adherence to contracts/agreements.
  • Lead contracting department to draft and negotiate contracts that are consistent with business objectives and engage in contract amendments and renegotiation to accommodate scope changes.
  • Oversee the administration and management of existing contracts, ensuring compliance and performance.
  • Work closely with the legal department to ensure compliance and mitigate contractual risk.
  • Develop and manage the budget for the contracting department.
  • Monitor contract performance and implement strategies to address underperformance and maximize revenue.
  • Utilize data analytics to assess the effectiveness of contracts and identify opportunities for improvement.
  • Develop and monitor key performance indicators (KPIs) related to contracting activities.
  • Prepare and present reports to senior leadership on the status of contracts, financial performance, and strategic initiatives.

Medline provides medical supplies and healthcare solutions to various clients, including hospitals, nursing homes, and home health agencies. The company offers a wide range of products such as protective gear, wound care items, diabetes care supplies, and home diagnostics. Medline operates on a business-to-business model, selling directly to healthcare providers and institutions. Its revenue comes from the sale of these medical supplies and equipment, along with value-added services like supply chain management and educational resources. Medline distinguishes itself from competitors through its strong focus on sustainability and resilience, demonstrated by significant investments in domestic supply chain infrastructure. The company's goal is to consistently deliver value and support to its clients, as evidenced by accolades like the Preferred Supplier of the Year award from the University of Texas System Supply Chain Alliance.

Company Stage

Grant

Total Funding

$486.4K

Headquarters

Mundelein, Illinois

Founded

1966

Simplify Jobs

Simplify's Take

What believers are saying

  • Medline's planned IPO in 2025 could raise over $5 billion, boosting capital.
  • Recognition for supply chain excellence enhances Medline's industry reputation and trust.
  • Expansion of agreements with Sutter Health increases Medline's market reach and influence.

What critics are saying

  • Jim Pigott's retirement in 2025 may disrupt leadership continuity and operations.
  • The 2025 IPO may increase scrutiny and pressure on Medline's strategic decisions.
  • Expansion with Sutter Health could strain Medline's operational capacity if not managed well.

What makes Medline unique

  • Medline offers a comprehensive range of medical supplies and healthcare solutions.
  • The company has a strong B2B model, directly serving healthcare providers and institutions.
  • Medline is recognized for its supply chain excellence and industry leadership.

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