Vendor Management

Key Responsibilities:

• Identify and evaluate potential vendors and suppliers based on quality, reliability, cost, and other relevant criteria.
• Negotiate contracts, pricing, and terms with vendors to secure favorable agreements and terms that align with company goals and requirements.
• Develop and maintain strong relationships with vendors and suppliers, serving as the primary point of contact for vendor communications and inquiries.
• Monitor vendor performance and service levels, and implement performance metrics and key performance indicators (KPIs) to track and measure vendor performance.
• Address vendor issues, disputes, and escalations promptly and effectively, and work with vendors to resolve issues and improve performance.
• Conduct regular vendor evaluations and performance reviews, and provide feedback and recommendations for improvement as needed.
• Collaborate with internal stakeholders, including procurement, operations, and finance teams, to ensure alignment and coordination of vendor management activities.
• Stay updated on industry trends, market conditions, and best practices in vendor management, and incorporate new approaches and strategies into vendor management processes.

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Requirements:

• Bachelor's degree in Business Administration, Supply Chain Management, Procurement, or a related field. Additional certifications in vendor management or procurement are a plus.
• Proven experience in vendor management, procurement, or supply chain management, with a strong understanding of vendor sourcing, negotiations, and contract management.
• Strong negotiation and contract management skills, with the ability to negotiate favorable terms and agreements with vendors and suppliers.
• Excellent communication and interpersonal skills, with the ability to build and maintain relationships with vendors and collaborate effectively with internal stakeholders.
• Analytical and problem-solving skills, with the ability to analyze vendor performance data, identify trends, and implement improvements.
• Detail-oriented and organized, with the ability to manage multiple vendors, contracts, and projects simultaneously.
• Ability to work independently with minimal supervision, while also collaborating effectively with cross-functional teams.
• Ethical and professional conduct, with a commitment to integrity, fairness, and compliance with company policies and standards.