Vendor Management Executive

Role & responsibilities

Vendor Selection & Onboarding:

• Identify and evaluate potential vendors based on quality, pricing, service, and reliability.
• Conduct due diligence, including vendor background checks, financial stability assessments, and compliance verifications.
• Negotiate favorable terms and conditions with vendors.
• Facilitate the vendor onboarding process, including documentation and system integration.

Relationship Management:

• Build and maintain strong, long-term vendor relationships to ensure effective collaboration.
• Act as the primary point of contact between the organization and its vendors.
• Address and resolve any vendor-related issues or disputes promptly.

Performance Monitoring:

• Develop key performance indicators (KPIs) to evaluate vendor performance.
• Conduct regular performance reviews to ensure adherence to contractual obligations.
• Implement corrective action plans for underperforming vendors.

Procurement & Contract Management:

• Work closely with procurement teams to align vendor services with organizational needs.
• Manage contract lifecycles, including renewals, amendments, and terminations.
• Ensure all contracts comply with legal and regulatory standards.

Cost Optimization & Strategic Planning:

• Analyze and identify opportunities for cost savings and process improvements.
• Develop strategies to mitigate risks associated with vendor dependencies.
• Collaborate with stakeholders to align vendor strategies with business objectives.

Compliance & Risk Management:

• Ensure vendors comply with organizational policies, industry standards, and applicable laws.
• Identify and mitigate risks associated with vendor relationships.
• Maintain accurate records of vendor contracts, agreements, and certifications.

Preferred candidate profile

• Bachelors degree in Business Administration, Supply Chain Management, or related field (Masters degree preferred).
• Proven experience in vendor management, procurement, or supply chain management.
• Strong negotiation and communication skills.
• Proficiency in vendor management tools, procurement software, and MS Office Suite.
• Analytical and problem-solving skills, with the ability to handle complex vendor-related challenges.
• Knowledge of contract law, compliance standards, and risk management principles.
• Ability to work collaboratively across departments and manage multiple projects simultaneously.

Perks and benefits

Fuel allowances