STEPHEN ALBANESE
Hilton Head Island,USA
Summary
Vice President & Executive Director with extensive experience in strategic sourcing and group purchasing, managing over $11B in annual spend. Achieved average savings of $48M and returned $50M+ in administrative fees, enhancing operational efficiency through innovative supplier partnerships and analytics-driven strategies.
Overview
48
48
years of professional experience
Work History
VICE PRESIDENT & EXECUTIVE DIRECTOR
AllSpire Health Group Purchasing Organization
Allentown, USA
11.2020 - 03.2026
- Oversaw Strategic Sourcing, Contracting, Analytics, Project Management and Customer Relations.
- Delivered overall value to membership through cost savings, rebates, administrative fees, and collaboration.
- Directed spend analytics initiatives to identify high-opportunity categories, informing targeted sourcing strategies that produced marked cost containment and value clarification.
- Oversaw and participated in negotiations with suppliers.
- Created supplier contracts that went beyond cost savings.
- Implemented vendor performance scorecards and quarterly reviews to enhance supplier accountability.
- Facilitated member advisory councils and feedback loops to align contract terms with clinical needs, strengthening member trust and uptake of GPO offerings.
- Developed annual workplans, goals and budgets.
- Established standardized contract templates and review checklists, streamlining approvals and ensuring consistent legal and operational protections.
- Coached internal teams on negotiation best practices and change management, enhancing team capability and ensuring smooth adoption of new supplier programs
- Coordinated efforts with our national GPO partner on various projects.
DIRECTOR, STRATEGIC SOURCING
Atlantic Health System
Morristown, USA
01.2011 - 01.2020
- Oversaw the purchase of $800M in supplies and services as well as $90M in capital expenditures.
- Directed Strategic Sourcing, Materials Management, and Print Shop Departments managing annual budgets of over $60M.
- Developed strategic direction and implemented supplier programs to enhance service quality and reduce expenses.
- Educated senior management on supply trends and identified opportunities for program enhancements and cost reduction.
- Met with strategic partners to develop programs to ensure that Atlantic remained on the leading edge of healthcare.
- Developed automated centralized warehouse for efficient storage, picking, and delivery of supplies to acute and non-acute facilities.
SUPPLIER RELATIONS MANAGER
Atlantic Health System
Morristown, USA
01.2004 - 01.2011
- Managed supplier relationships to achieve cost reductions and improved service levels by establishing accountability for supplier performance.
- Coordinated initiatives that resulted in average annual savings of $11 million on products, services, and equipment.
- Reduced invoice discrepancies by over 55%.
- Managed contracting and customer service functions for the Strategic Sourcing Department.
- Created a legal coordinator position within the Sourcing Department to expedite contract reviews.
- Developed intranet-based systems to enhance efficiency in sourcing and materials functions across the health system.
- Collaborated with physicians and clinicians on product selections and conversions.
PURCHASING AND LOGISTICS MANAGER
Atlantic Health System
Morristown, USA
01.1996 - 01.2004
- Oversaw storerooms, receiving departments, mailrooms, and print shops, ensuring streamlined operations.
- Created an informatics function within supply chain to increase inventory turns and reduce paring frequency.
- Implemented barcode technology for replenishing par locations while reducing staff at each site.
- Edited PAR locations to areas outside materials management, minimizing unofficial inventory and waste.
- Developed a system to track productivity in storerooms, enhancing operational oversight.
- Consolidated 4 print shops into a centralized print shop reducing equipment and increasing efficiencies and throughput.
DIRECTOR OF PURCHASING
Overlook Hospital
Summit, USA
01.1992 - 01.1996
- Managed daily operations of purchasing, storeroom, receiving, and mailroom departments to optimize workflow.
- Launched just-in-time inventory program with primary distributor to enhance inventory turnover.
- Established contract manager position to standardize contract processes across departments.
- Implemented a new materials management system.
- Developed the IT function within the department to help drive standardization.
VARIOUS POSITIONS IN THE PURCHASING, FOOD SERVICES AND MATERIALS MANAGEMENT DEPARTMENTS
Overlook Hospital
Summit, USA
01.1978 - 01.1992
- Held various positions in the purchasing, food services, and materials management departments.
- Completed day-to-day duties accurately and efficiently.
- Contributed innovative ideas and solutions to enhance team performance and outcomes.
- Worked successfully with diverse group of coworkers to accomplish goals and address issues related to our products and services.
Education
B.A. - BUSINESS ADMINISTRATION
Union County College
Skills
- Supply chain management
- Strategic sourcing
- Contract negotiation
- Supplier management
- Performance Metrics
- Process Optimization
- Logistics management
- Operations management
- Continuous improvement
- Performance improvement
- Change Management
- Stakeholder Engagement
- Cross-functional team management
- Strategic planning and execution
- Data Visualization
- Strategic planning
- Leadership skills
Timeline
VICE PRESIDENT & EXECUTIVE DIRECTOR
AllSpire Health Group Purchasing Organization
11.2020 - 03.2026
DIRECTOR, STRATEGIC SOURCING
Atlantic Health System
01.2011 - 01.2020
SUPPLIER RELATIONS MANAGER
Atlantic Health System
01.2004 - 01.2011
PURCHASING AND LOGISTICS MANAGER
Atlantic Health System
01.1996 - 01.2004
DIRECTOR OF PURCHASING
Overlook Hospital
01.1992 - 01.1996
VARIOUS POSITIONS IN THE PURCHASING, FOOD SERVICES AND MATERIALS MANAGEMENT DEPARTMENTS
Overlook Hospital
01.1978 - 01.1992
B.A. - BUSINESS ADMINISTRATION
Union County College