Vendor Management Specialist
6 hours ago
The Vendor Management Specialist is responsible for developing, maintaining, and strengthening relationships with suppliers to ensure the company receives the best value in terms of quality, pricing, delivery, and service. This role oversees vendor performance, compliance with contracts, and supports the procurement team in achieving operational efficiency and cost-effectiveness.
Key Responsibilities:- Serve as the primary point of contact between the company and its vendors.
- Assist in sourcing, evaluating, and onboarding new suppliers in alignment with procurement requirements.
- Monitor vendor performance using established KPIs (quality, cost, delivery, service levels).
- Negotiate pricing, contracts, and terms with suppliers to achieve favorable agreements.
- Ensure vendor compliance with company policies, legal requirements, and ethical standards.
- Coordinate with internal stakeholders (finance, operations, logistics, etc.) to align vendor deliverables with business needs.
- Resolve vendor-related issues such as delivery delays, quality concerns, or disputes.
- Maintain accurate vendor records, contracts, and performance reports.
- Support procurement strategies to reduce costs, improve quality, and strengthen supplier partnerships.
- Continuously identify opportunities for vendor base optimization and risk mitigation.
- Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
- Experience in procurement, vendor management, or supply chain is an advantage.
- Strong negotiation, communication, and interpersonal skills.
- Knowledge of procurement processes, contract management, and supply chain principles.
- Proficiency in MS Office (Excel, Word, PowerPoint); knowledge of ERP systems is an advantage.
- Analytical, detail-oriented, and able to work under pressure with multiple vendors.
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