Vendor Manager

1 week ago

Princeton, United States Dale WorkForce Solutions Full time

Job type: Contract position

Job: Vendor Management analyst

Location: Hybrid (Princeton NJ)

Duration: 1+ years contract



This role will be responsible for overseeing and optimizing our vendor relationships, ensuring the delivery of high-quality services and products, and driving cost efficiencies. The ideal candidate will have a strong background in vendor management, negotiation, and contract administration, with the ability to effectively collaborate with internal stakeholders and external vendors.


Responsibilities:


Vendor Evaluation: Conduct thorough evaluations, and make recommendations based on performance, capabilities, and cost-effectiveness.

Contract Negotiation: Negotiate favorable terms and conditions with vendors to maximize value while minimizing risk. Ensure contracts align with business objectives and compliance standards.

Vendor Relationship Management: Cultivate and maintain strong relationships with vendors to facilitate open communication, resolve issues promptly, and drive continuous improvement in service delivery.

Performance Monitoring: Establish key performance indicators (KPIs) and service level agreements (SLAs) with vendors. Monitor performance regularly and take proactive measures to address any deviations from agreed-upon standards.

Risk Management: Identify and mitigate potential risks associated with vendor relationships, including cybersecurity, data privacy, and regulatory compliance risks.

Stakeholder Collaboration: Collaborate closely with internal stakeholders, including procurement, legal, finance, and business units, to align vendor management activities with overall business objectives and priorities.

Vendor Performance Reviews: Conduct regular performance reviews and vendor evaluations to assess adherence to contractual obligations, identify areas for improvement, and recognize top-performing vendors.


Qualifications:

- Bachelor's degree in Business Administration, Supply Chain Management, Finance, or related field. Master's degree preferred.

- 5+ years in vendor management, procurement, or strategic sourcing roles, with demonstrated success in negotiating contracts and managing vendor relationships.

- Strong analytical and financial acumen, with the ability to analyze vendor costs, evaluate pricing models, and identify cost-saving opportunities.

- Excellent communication and interpersonal skills, with the ability to effectively collaborate with internal stakeholders and external vendors at all levels of the organization.

- Solid understanding of contract law, procurement best practices, and regulatory compliance requirements.

- Certification in procurement or vendor management (e.g., CSCP, CPIM, CPM) is a plus.

- Proficiency in Ariba a plus.

Comments for Vendors: Ideally, someone that can come to Princeton weekly but will forego for the right person

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