Whats the job?
Contract Management: Managing the workflows for the entire contract lifecycle.
Creating and executing vendor contracts to maximize the operational and financial outcomes of the partnership, all while reducing financial risk.
Performance Management: Monitoring and evaluating vendor performance. Set clear metrics & KPIs for service providers and clear standards for product suppliers.
Relationship Management: Cultivate strong relationships with vendors through regular communication and collaboration. Serve as the primary point of contact for vendor inquiries and escalations.
Risk Management: Identify and mitigate risks associated with vendor relationships or compliance concerns.
Continuous Improvement: Proactively identify opportunities to optimize vendor relationships, streamline processes, and drive cost savings without compromising quality or service.
Compliance: Ensure that vendors comply with all relevant regulations, industry standards, and company policies, such as data security, and ethical sourcing.
Documentation: Maintain accurate records of vendor contracts, correspondence, and performance evaluations. Generate reports and analytics to track vendor performance and identify trends.
Cross-functional Collaboration: Collaborate with internal stakeholders, including procurement, legal, finance, and operations teams, to support vendor-related initiatives and projects.
Have you done this kind of stuff?
3+ years of proven experience in vendor management, procurement or related roles
Experience in negotiating contracts, managing vendor relationships, and evaluating supplier performance.
Excellent communication and interpersonal skills to effectively interact with vendors, internal stakeholders, and colleagues.
Analytical abilities to assess vendor performance, analyze contracts, and make data-driven decisions.
Ability to oversee multiple processes effectively, in a fast-paced environment while meeting tight deadlines.
Problem-solving skills to address issues that may arise with vendors.
Knowledge of relevant regulations and compliance standards related to vendor management An advantage.
Familiarity and experience with vendor management systems An advantage.
FinOps (Financial Operations) management skills and knowledge An advantage.
