Vendor Manager

Role overview

Vendor Manager at Tudip Technologies

Vendor Relationship Management: Develop and maintain strong, positive relationships with vendors.

This role requires strong analytical, negotiation, and relationship management skills, as well as the ability to work cross-functionally to achieve optimal outcomes for the company

Responsibilities

• Act as the primary point of contact for all vendor-related inquiries and issues.
• Contract Negotiation and Management: Negotiate vendor contracts, pricing, and terms of service.
• Ensure that all agreements are favorable to the company and aligned with business objectives.
• Monitor contract compliance and renewals.
• Performance Monitoring: Establish key performance indicators (KPIs) for vendors and regularly monitor their performance against these metrics.
• Conduct periodic reviews and provide feedback to vendors to ensure continuous improvement.
• Risk Management: Identify and mitigate risks associated with vendor relationships.
• Develop contingency plans to address potential disruptions in the supply chain or service delivery.
• Cost Management: Work closely with procurement and finance teams to manage vendor budgets, reduce costs, and achieve savings without compromising on quality or service levels.
• Issue Resolution: Address and resolve any issues or disputes that arise with vendors in a timely and effective manner.
• Escalate significant issues to senior management as needed.
• Vendor Onboarding and Offboarding: Oversee the onboarding of new vendors, ensuring they meet company standards and requirements.
• Manage the offboarding process for vendors that are no longer needed, ensuring a smooth transition.
• Market Analysis: Conduct regular market analysis to identify potential new vendors, assess their capabilities, and benchmark against existing vendors.
• Stay informed about industry trends and changes in the vendor landscape.
• Collaboration: Work closely with internal stakeholders, including procurement, legal, finance, and operations teams, to ensure alignment on vendor strategy and objectives.
• Facilitate communication and collaboration between vendors and these teams.
• Reporting: Prepare regular reports on vendor performance, cost savings, and other key metrics for senior management.
• Provide insights and recommendations based on data analysis.
• Process Improvement: Continuously evaluate and improve vendor management processes to enhance efficiency, reduce costs, and improve vendor performance.
• Implement best practices and innovative solutions.
• Qualifications Bachelor’s degree in Business Administration. 5+ years of experience in vendor management, procurement, or supply chain roles.
• Strong negotiation and contract management skills.
• Excellent communication and relationship management abilities.
• Proficiency in vendor management software and procurement systems.
• Strong analytical and problem-solving skills.
• Ability to work independently and manage multiple vendors and projects simultaneously.
• Knowledge of risk management practices related to vendor management.
• Experience in the e Learning domain is a plus.

Employment details

• Location: India

Additional role details

• Vendor Manager
• The Vendor Manager will be responsible for managing relationships with key vendors, ensuring they meet performance standards, and negotiating contracts and agreements.