Vendor Management Specialist
3 days ago
Job Title: Vendor Management Specialist
About the Role:
The Vendor Management Specialist will be responsible for cultivating and maintaining robust relationships with vendors and suppliers on behalf of the organization. This role is pivotal in managing vendor performance, negotiating contracts, and ensuring the timely and cost-effective delivery of goods and services.
Key Responsibilities:
- Supplier Service and SLA Reviews.
- Support the introduction of new services.
- Reporting / forecasting operational budget spend and future demand.
- New Project/ Feature/ Regions and Markets budget requirements.
- License volumes.
- Invoices and payment management.
- Creation of Purchase Orders, Requisitions, and associated documentation.
- Evaluation of vendors/ bidders and technically levelling proposals.
- Uplifting contracts across to a 'Gold' standard.
- Introduce terms into vendor contracts to ensure excellent levels of Service Delivery.
- Drive continuous improvement.
- Maintain contracts and services database and aid management reporting.
- Contribute to data improvement/ value initiatives cross-function and cross-group.
- Investigate legacy contracts, opportunities and make recommendations accordingly.
- Document and maintain pricing and charging mechanisms – avoid cost increases where possible.
- General administration tasks supporting Cyber Security and Connected Car Management.
Technical Skills:
- Vendor Relationship Management: Build and maintain positive relationships with vendors, suppliers, and service providers. Serve as the primary point of contact for all vendor-related communications and foster open lines of communication.
- Vendor Performance Management: Establish and track vendor performance metrics, such as delivery timelines, quality of goods or services, and customer satisfaction. Conduct regular performance reviews and implement improvement strategies, as necessary.
- Contract Negotiation and Management: Negotiate vendor contracts, terms, and pricing to ensure favorable terms for the organization. Ensure all contracts comply with legal and regulatory requirements. Monitor contract performance and address any issues that may arise.
- Vendor Sourcing and Evaluation: Identify potential vendors, assess their capabilities, and conduct due diligence to determine their suitability for the organization's needs. Evaluate vendor proposals and make recommendations to management based on cost, quality, and service level agreements.
Salary: $80,000 - $120,000 per year
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