Industry: Accounting, Finance & Insurance•
5 - 7 years
Posted 73 days ago
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Under the direction of the Vendor Management Office Lead, the Vendor Management Specialist develops and maintains strategic Partner and Vendor/Supplier relationships, responsible for the implementation, execution, and evaluation of strategies and methods that underpin either the Vendor Management operating model or Partnership Strategy. He/She manages all aspects of the business relationship with Strategic Partners/Vendors, to ensure delivery of key objectives and optimal effectiveness, working with other stakeholder functions as appropriate. Responsible for the management of vendor processes. Provide insights and analytics to the business teams regarding improvements in vendor profitability. Strong communication and collaboration skills are necessary to influence the various groups that interact with Vendor Operations and Strategy. Collaboration with multiple team members across functional and departmental boundaries. This role will leverage knowledge and experience to enable the business teams to make effective business decisions and efficiently utilize vendor management process.
Knowledge & Experience:
Strong interpersonal skills are essential for this job.
Vendor relationship managers must be able to negotiate and collaborate with vendors at many different levels. This requires good presentation and communication skills to ensure vendors understand their contractual requirements. Vendor relationship managers also need good analytical qualities to monitor and review vendors’ financial and operational performances.
Must be good team players, working closely with colleagues in purchasing, quality, manufacturing and logistics to understand and meet their requirements and expectations of vendor performance
Bachelor’s degree or equivalent required. Advanced degree (MBA/JD) preferred.