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**Vendor Management Specialist**

2 months ago

Wilmington, Delaware, United States The Lycra Company LLC Full time
About The Lycra Company LLC

We are a leading innovator in the apparel and personal care industries, recognized worldwide for our cutting-edge products, technical expertise, and unmatched marketing support.

Job Summary

We are seeking a highly skilled Vendor Management Specialist to join our team. As a key member of our procurement team, you will be responsible for leading procurement activities, negotiating contracts, and managing vendor relationships.

Key Responsibilities
  • Procurement and Sourcing Activities
    • Lead procurement activities, including reviewing terms, conditions, and pricing for commercial and shrink-wrap software licensing, software maintenance, application, and managed services support.
    • Negotiate professional services agreements and confidentiality agreements.
    • Manage the signature and document management process for IT.
  • Vendor Management
    • Lead RFP and competitive vendor processes.
    • Oversee formal contractual notices and serve as the key contact for software audits to support license compliance.
    • Ensure software licenses and services are leveraged locally, regionally, and globally.
  • Contract Management
    • Understand and manage software license and support agreements, including terms, conditions, and pricing.
    • Align software purchases with IT architecture strategies and specifications.
    • Construct purchase deals to save costs and ensure beneficial agreement terms and options.
    • Keep connected parties informed of the status of activities.
    • Run software audit processes to minimize costs, close gaps, and ensure compliance.
  • Strategic Support
    • Support strategic projects to ensure they align with timelines and priorities.
    • Review agreements and other documents for projects.
    • Maintain IT business records related to purchasing and contracting matters.
    • Ensure a strong, qualified, and competitive supplier base is available and relationships are maintained.
  • Non-Disclosure Agreements (NDAs)
    • Ensure NDAs are in place and sign US IT NDAs.
Requirements
  • Bachelor's degree in Information Technology, Business Administration, or a related field.
  • Proven experience in IT vendor management, procurement, and contract negotiation.
  • Strong understanding of software licensing, maintenance agreements, and IT procurement processes.
Preferred Qualifications
  • Prior exposure to IT contract language and terms.
  • Excellent negotiation, communication, and organizational skills.
  • Proficiency in SAP (and ARIBA) or similar ERP systems preferable.
  • Ability to manage multiple tasks and projects simultaneously.
What We Offer
  • We offer a competitive salary and an excellent benefits package.