Overseeing supplier relationships, negotiating contracts, ensuring vendor performance, and mitigating risks to optimize collaboration and ensure compliance, while also focusing on cost-saving initiatives.
Relationship Management:
Building and maintaining strong relationships with vendors, acting as a point of contact, and resolving issues.
Contract Negotiation and Management:
Negotiating favorable contract terms, ensuring compliance with agreements, and managing the entire contract lifecycle.
Vendor Selection and Onboarding:
Identifying and evaluating potential vendors, conducting due diligence, and facilitating the onboarding process.
Performance Monitoring and Evaluation:
Regularly monitoring vendor performance, identifying areas for improvement, and implementing corrective actions.
Risk Management:
Identifying and mitigating potential risks associated with vendors, including financial, operational, and reputational risks.
Cost Optimization:
Identifying and implementing cost-saving initiatives through vendor negotiations and performance improvements.
Compliance:
Ensuring that vendors meet all relevant regulatory and compliance requirements.
Communication and Collaboration:
Effectively communicating with internal stakeholders and vendors, fostering strong working relationships.
Data Analysis:
Analyzing vendor performance data to identify trends, opportunities, and areas for improvement.