Job Description
The Vendor Relationship Manager is responsible for appraising and improving our sourcing activities by analyzing the company’s spending, supplier partnerships, and new possibilities. This role requires a deep understanding of procurement, supplier management, logistics, and global sourcing to ensure efficient and cost-effective delivery of distribution items and engineered solutions. The Vendor Relationship Manager will identify and strengthen our supplier partnerships by collaborating closely with cross-functional teams, including sales, engineering, and operations teams, to optimize material availability, minimize risks, and drive operational excellence with our supplier partners.
_ Key Responsibilities:_
• Manage supplier relationships, including ongoing performance evaluation, issue resolution, and fostering long-term partnerships.
• Develop risk management procedures to mitigate losses in the event of product shortages
• Identify, evaluate, and select suppliers based on quality, reliability, cost-effectiveness, and adherence to ethical and sustainability standards.
• Develop and implement procurement strategies to optimize cost savings and operational efficiency.
• Negotiate contracts and terms with suppliers to ensure favorable pricing, payment terms and mutually beneficial agreements.
• Collaborate with internal stakeholders and external customers to understand their requirements and align procurement activities with organizational goals.
• Conduct market research and analysis to stay updated on industry trends, economic factors, supplier capabilities and pricing fluctuations.
• Manage the company’s supply portfolio ensuring transparency of spending
• Generate and implement efficient sourcing and category management strategies
• Analyze and calculate costs of procurement and suggest methods to decrease expenditure
• Invent negotiation strategies and secure profitable deals
• Optimize sourcing procedures to attain maximum efficiency
• Cooperate with stakeholders to guarantee agreement on terms and processes
• Research and anticipate shifts in the negotiating power of suppliers
• Perform cost and scenario analysis, and benchmarking
• Estimate risks and apply risk-minimizing techniques
• Discover and partner with trustworthy vendors and suppliers
Qualifications
Knowledge/Skills/Competencies
• Proven work experience as a Sourcing Manager or Procurement Manager
• Familiarity with sourcing and vendor management and relevant software
• Understanding of market dynamics and sound business judgement
• Strong project management and leadership skills
• Ability to negotiate and sustain networking relationships
• Comfortable with figures and in collecting, analyzing and interpreting data
• Solid judgement with ability to make good decisions
Education Requirements
• BS degree in supply chain management, logistics or business administration
Additional Information
Why Join Us?
If you're ready to take on a pivotal role where your expertise will drive efficiency and innovation, apply today!
All your information will be kept confidential according to EEO guidelines.