Director, Vendor Management and Relationship Oversight
1 month ago
We are seeking a seasoned and experienced leader to manage our vendor relationships and drive strategic partnerships. As the Director of Vendor Management and Strategic Sourcing, you will be responsible for ensuring the delivery of business goals and needs through effective vendor management.
Key Responsibilities- Own and maintain oversight of contracted third-party vendor relationships to understand interlinkages, synergies, and strategy for service delivery and performance/contract management.
- Ensure alignment of third-party contracts to business strategies, including decisions around investment areas or strategic direction.
- Own and monitor budget and financial compliance of large-scale vendor contracts.
- Establish standards, policies, and procedures that direct all aspects of vendor management and engage with key vendors personally.
- Monitor service level agreements to ensure that purchases meet ongoing business needs; addresses performance issues with vendors and arranges for resolution and restitution.
- Drive relentless improvement of the vendor management program with a focus on cost reduction, quality improvement, supplier optimization, and minimal disruption.
- Partner with operational stakeholders to coordinate the vendor management process and educate on best practices, including but not limited to timeline planning, contract change orders or re-negotiation, onboarding, training, monitoring, offboarding, and assessment.
- Work collaboratively with Legal, Security, and other stakeholders in the vendor review, negotiation, and approval process.
- Lead and direct the work of other employees and have responsibility for personnel actions including hiring, performance management, and termination. Supervision is often provided through a team of subordinate managers and/or directors.
- Collaborate with other members of the executive management team to align departmental strategy or direction with the overall goals of the organization.
- Develop policies, practices, and procedures that have a significant impact on the organization.
- Adhere to ethical standards and comply with the laws and regulations applicable to the job function.
- Bachelor's degree in a related field or demonstrated significant expertise in vendor management.
- At least 10-15 years of experience in vendor management roles of increasing responsibility and complexity.
- Excellent problem-solving skills combined with the ability to work on multiple concurrent tasks with demanding deadlines. Experience with a service-based/SLA-based vendor delivery model.
- Experience driving projects to completion, updating stakeholders, and building roadmaps.
- Outstanding stakeholder engagement, communication, presentation, negotiation, and relationship-building skills.
- Demonstrated ability to think strategically about vendor management.
- Must be able to lawfully work within the US and have unrestricted work authorization for US.
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