Vendor Management Specialist

Neom - السعودية - NEOM

Job Overview:

The Vendor Manager is responsible for overseeing the procurement of goods and services from external suppliers, ensuring quality, cost-effectiveness, and timely delivery. This role involves managing vendor relationships, negotiating contracts, ensuring compliance, and coordinating with internal teams to meet project and operational needs.

Key Responsibilities:

  1. Vendor Sourcing and Selection:
  • Identify and evaluate potential vendors based on quality, cost, and delivery capabilities.
  • Conduct market research to identify new supplier opportunities.
  • Participate in vendor selection and contract negotiations.
  1. Contract Negotiation and Management:
  • Draft, review, and negotiate contracts to ensure favorable terms.
  • Manage vendor contracts, ensuring compliance with service-level agreements (SLAs), pricing, and delivery terms.
  • Handle contract renewals, amendments, and terminations as necessary.
  1. Vendor Relationship Management:
  • Build and maintain strong relationships with key suppliers.
  • Conduct regular performance reviews and address issues related to service quality, delivery times, and pricing.
  • Serve as the main point of contact for vendors, ensuring clear communication and resolving conflicts.
  1. Performance Monitoring and Reporting:
  • Monitor vendor performance against KPIs and SLAs.
  • Implement improvement plans for underperforming vendors and take corrective actions when necessary.
  • Prepare regular reports for management on vendor performance, cost savings, and other procurement metrics.
  1. Risk Management and Compliance:
  • Identify risks associated with vendor relationships, including supply chain disruptions, compliance violations, and financial instability.
  • Ensure that all vendors comply with relevant legal, regulatory, and internal policy requirements.
  • Conduct regular audits and assessments of vendor practices.
  1. Cost Optimization:
  • Collaborate with internal teams to identify opportunities for cost savings and process improvements.
  • Lead cost-reduction initiatives without compromising on quality or delivery timelines.
  • Track and report cost savings achieved through vendor negotiations and process improvements.
  1. Collaboration and Coordination:
  • Work closely with internal teams such as procurement, finance, and project management to align vendor capabilities with organizational goals.
  • Ensure timely procurement of goods and services to meet project schedules and operational needs.
  • Coordinate with stakeholders to develop and update procurement policies and processes.
  1. Continuous Improvement:
  • Stay up-to-date with industry trends and vendor management best practices.
  • Develop and implement strategies for vendor innovation and improvement.

Qualifications:

  • Bachelor’s degree in business, Supply Chain Management, or a related field.
  • Proven experience (3+ years) in vendor management, procurement, or supply chain management.
  • Strong negotiation, contract management, and vendor relationship skills.
  • Excellent communication, analytical, and problem-solving abilities.
  • Proficiency in procurement and vendor management software (e.g., SAP Ariba, Oracle Procurement).
  • Knowledge of relevant legal regulations, compliance standards, and market trends.

Preferred Skills:

  • Experience with risk management and mitigation strategies.
  • Familiarity with project management principles.
  • Strong financial acumen and budgeting experience.

Key Competencies:

  • Strategic thinking and planning
  • Strong attention to detail
  • Ability to work under pressure and manage multiple projects
  • Collaborative mindset and interpersonal skills

 

تاريخ النشر: 30 ربيع الأول 1446 - اليوم
الناشر: Neom Jobs
تاريخ النشر: 30 ربيع الأول 1446 - اليوم
الناشر: Neom Jobs