Operations

Vendor Management Lead

Looking to hire your next Vendor Management Lead? Here’s a full job description template to use as a guide.

About Vintti

Vintti is a staffing agency with a unique mission: to create win-win scenarios for both US businesses and Latin American professionals. We address the challenges faced by SMBs, startups, and firms in finding the right talent, as well as the aspirations of skilled Latin American workers seeking international opportunities. By bridging this gap, Vintti enables US companies to access a wealth of untapped talent, while providing Latin American professionals with pathways to expand their careers on a global scale. Our approach cultivates a symbiotic ecosystem that benefits all parties involved.

Description

A Vendor Management Lead is responsible for overseeing company relationships with suppliers and vendors to ensure the highest quality of service and product delivery. This role involves negotiating contracts, evaluating vendor performance, and fostering long-term partnerships that align with the organization's strategic objectives. By implementing robust vendor management processes and continuously assessing market trends, the Vendor Management Lead plays a crucial role in optimizing costs, mitigating risks, and driving operational efficiency. They act as a liaison between internal teams and external vendors to facilitate smooth and profitable collaborations.

Requirements

- Bachelor's degree in Business Administration, Supply Chain Management, or a related field
- Minimum of 5 years of experience in vendor management, procurement, or supply chain management
- Proven experience in vendor negotiation and contract management
- Strong understanding of vendor management principles, practices, and methodologies
- Excellent analytical skills with the ability to interpret vendor performance metrics and operational data
- Proficiency in using vendor management software and tools
- Strong problem-solving and conflict-resolution skills
- Outstanding communication and interpersonal skills
- Ability to build and maintain effective relationships with vendors and stakeholders
- High level of attention to detail and organizational skills
- Knowledge of legal regulations and industry standards related to vendor transactions
- Ability to work independently and manage multiple tasks simultaneously
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)
- Experience conducting market research to identify and assess potential vendors
- Demonstrated ability to develop and implement vendor management policies and procedures
- Strong project management skills with the ability to manage the full vendor contract lifecycle
- Willingness to travel as required for vendor meetings and assessments
- Certified Professional in Supply Management (CPSM) or equivalent certification is a plus

Responsabilities

- Oversee and monitor vendor performance to ensure adherence to contractual obligations
- Develop and maintain strong relationships with key vendors and stakeholders
- Negotiate contracts, SLAs, and pricing with vendors
- Conduct regular vendor performance reviews and provide feedback for improvement
- Address and resolve vendor-related issues, disputes, or escalations promptly
- Collaborate with internal teams to identify and assess vendor needs and requirements
- Analyze and report on vendor performance metrics and operational data
- Assist in the development and implementation of vendor management policies and procedures
- Ensure compliance with company policies, legal regulations, and industry standards in vendor transactions
- Conduct market research to identify potential vendors and assess their capabilities
- Facilitate regular communication and meetings with vendors to discuss performance, expectations, and strategies
- Manage vendor onboarding processes, including due diligence and risk assessments
- Monitor contract renewal dates and manage the contract lifecycle, ensuring timely renewals or replacements
- Collaborate with procurement and finance teams to manage vendor budgets and expenditure tracking
- Develop and implement strategies to optimize vendor performance and cost efficiency
- Prepare and present vendor-related reports to senior management and stakeholders

Ideal Candidate

The ideal candidate for the Vendor Management Lead role is a seasoned professional with a minimum of 5 years of experience in vendor management, procurement, or supply chain management, holding a Bachelor's degree in Business Administration, Supply Chain Management, or a related field. This candidate possesses a strong foundation in vendor negotiation and contract management, complemented by a deep understanding of vendor management principles, practices, and methodologies. Their exceptional analytical skills enable them to seamlessly interpret vendor performance metrics and operational data, while their proficiency in using vendor management software and tools ensures efficient operational oversight. They are adept at problem-solving and conflict resolution, showcasing outstanding communication and interpersonal abilities that facilitate building robust relationships with vendors and stakeholders. With a high level of attention to detail, this candidate is well-versed in legal regulations and industry standards pertinent to vendor transactions. They exhibit strong organizational skills, capable of managing multiple tasks independently and navigating the complete vendor contract lifecycle. Their strategic mindset, combined with excellent project management skills, allows them to drive continuous improvement in vendor performance and cost efficiency. The ideal candidate is a proactive leader, possessing strong leadership and team-building capabilities, with a high ethical standard, thriving under pressure while maintaining a customer-focused approach. They are adaptive, innovative, and committed to continuous learning, bringing a high level of motivation and results-oriented attitude to the team. Their ability to make data-driven decisions, coupled with a collaborative spirit, enhances their professional credibility and influence, making them a pivotal asset to any cross-functional team.

On a typical day, you will...

- Oversee and monitor vendor performance to ensure service delivery meets or exceeds contractual obligations
- Develop and maintain strong relationships with key vendors and stakeholders
- Negotiate contracts, service level agreements (SLAs), and pricing with vendors
- Conduct regular vendor performance reviews and provide feedback for improvement
- Address and resolve vendor-related issues, disputes, or escalations in a timely manner
- Collaborate with internal teams to identify and assess vendor needs and requirements
- Analyze and report on vendor performance metrics and operational data
- Assist in the development and implementation of vendor management policies and procedures
- Ensure compliance with company policies, legal regulations, and industry standards in vendor transactions
- Conduct market research to identify potential vendors and assess their capabilities
- Facilitate regular communication and meetings with vendors to discuss performance, expectations, and strategies
- Manage vendor onboarding processes, including due diligence and risk assessments
- Monitor contract renewal dates and manage the contract lifecycle, ensuring timely renewals or replacements
- Collaborate with procurement and finance teams to manage vendor budgets and expenditure tracking
- Develop and implement strategies to optimize vendor performance and cost efficiency
- Prepare and present vendor-related reports to senior management and stakeholders

What we are looking for

- Strong leadership and team-building capabilities
- Exceptional negotiation skills
- Strategic thinker with a long-term vision
- High level of integrity and ethical standards
- Ability to thrive under pressure and meet tight deadlines
- Detail-oriented with emphasis on accuracy and completeness
- Proactive in identifying and addressing potential issues
- Adaptable to changing market conditions and business needs
- Strong analytical mindset
- Excellent communication skills, both written and verbal
- Collaborative and able to work effectively in a cross-functional team
- Customer-focused approach
- Strong organizational and multitasking skills
- Ability to make data-driven decisions
- Highly motivated and results-oriented
- Strong professional credibility and influence
- Innovative and open to new ideas and technologies
- Commitment to continuous learning and development
- Resourceful and able to navigate complex challenges
- Strong project management skills

What you can expect (benefits)

- Competitive salary range of $90,000 - $120,000 per year
- Performance-based bonuses
- Comprehensive health insurance (medical, dental, vision)
- Retirement savings plan with company match
- Paid time off (PTO) including vacation, sick leave, and holidays
- Flexible work schedule options
- Remote work opportunities
- Professional development and continuous learning opportunities
- Tuition reimbursement for relevant courses and certifications
- Employee assistance programs (EAP)
- Wellness programs, including gym membership discounts
- Life and disability insurance
- Employee recognition and reward programs
- Networking opportunities with industry professionals
- Advancement opportunities within the organization
- Company-sponsored events and team-building activities
- Supportive and inclusive company culture
- Access to cutting-edge vendor management tools and technologies
- Travel allowance for vendor meetings and assessments
- Collaborative and dynamic work environment

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