Vendor Management Job Description
Vendor management
provides support to Commercial Office and Business Development Units on new commercial projects developments and required analytics.
Vendor Management Duties & Responsibilities
To write an effective vendor management job description, begin by listing detailed duties, responsibilities and expectations. We have included vendor management job description templates that you can modify and use.
Sample responsibilities for this position include:
Reviews all request for addition to the vendor master for validity and accuracy
Provide customer service support to address all vendor addition and maintenance related questions and resolves any issues
Assists with the development and execution of key vendor risk management activities
Support sourcing strategy, negotiations, and performance management
Collaborate with Sourcing and Delivery Managers for renewals and changes to existing agreements
Host/Support vendor management reviews as needed in conjunction with the Third Party Oversight Committee
Provide Executive Level briefings to Senior Leadership at regular intervals to help keep them current with changes and performance against existing agreements with vendors
Manage Vendor Risk – Ensure that the Mortgage Banking Technology Cyber Security Agenda is adhered to and that all external applications meet Chase criteria through the appropriate scanning and assessments
Review Vendor Payments - Coordinate activities between Sourcing, Finance, and Vendors to ensure all invoices are raised & paid in accordance with vendor agreements
Budgeting & Forecasting - Ensure appropriate stakeholders are informed of contract additions / terminations to enable accurate budget forecasting
Vendor Management Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Vendor Management
List any licenses or certifications required by the position: ITIL, CPIM, CPP, ISAE, SSAE, PMP, V3, CRVPM, CPM, CRCM
Education for Vendor Management
Typically a job would require a certain level of education.
Employers hiring for the vendor management job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Education, Finance, Business/Administration, Management, Project Management, Healthcare Management, Health Insurance, Public Health, MBA
Skills for Vendor Management
Desired skills for vendor management include:
Excel
Microsoft Office applications
Subtraction
Addition
Division
Multiplication
Procedures
Consumer and Commercial Regulations
MS Office
PowerPoint
Desired experience for vendor management includes:
7-10 progressive years of SRM experience
Expert knowledge of IT strategic sourcing, outsourcing and contract development
Prior history supporting multinational transactions
Strong history of prior work, experience and exposure to key industry players
A background in managed services lifecycle and governance and/or sourcing and location
Ability to work in team settings independently and adapt quickly to new processes and changes
Vendor Management Examples
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Vendor Management Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of vendor management. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for vendor management
- Ensure high levels of customer satisfaction are accomplished, both internally and externally
- Jointly developing and implementing category strategies to drive direction and results
- Managing sourcing projects, key initiatives, and supplier negotiations
- Verifying spend analysis, market insights, SLA’s, and total cost of ownership
- Assessing current business and legal risks in existing and or new contracts
- Approving and drafting contracts and/or statements of work
- Building accountability for supplier performance relative to contracted service levels
- Managing supplier pay terms in adherence to contract
- Drive change, compliance, and continuous improvement in the procurement
- Monitor results against goals via account dashboard
Qualifications for vendor management
- Experience managing vendor relationships and/or resolution of issues in a cross functional environment preferred
- Experience working with vendors preferred
- Detailed understanding of contract terms, monitoring activities, and required due diligence
- Ability to communicate and articulate vendor performance issues and due diligence items to appropriate parties both internally and externally
- Ability to archive/document evidence of compliance to enterprise vendor governance/audit standards
- Understand and mitigate the inherent and residual risks of vendor relationship (Info sec., Privacy, Business continuation, criticality)
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Vendor Management Job Description
Job Description Example
Our growing company is hiring for a vendor management. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for vendor management
- Coordinate with various cross-functional departments to educate and communicate expectations, performance and procedures to vendors
- Hire, develop, and lead a team of 3 or more vendor managers
- Manage strategic supplier demand intake and take appropriate actions
- Contract management and administration using Vendor Management System
- Benchmark and monitor market conditions as it pertains to services in-scope
- Implement and manage vendor governance framework and supplier review processes
- Experience of global delivery with offshore & onsite virtual team model
- Track supplier performance, service levels, metrics, and performance incentive pool
- Resolve supplier performance and governance issues
- Resolve disputes and manage escalations
Qualifications for vendor management
- Min 5 years' experience developing, implementing & managing IT Vendor performance, projects, and relationships
- Prior experience managing IT Vendors
- Minimum of 5 years end user technologies experience – Desktop, Virtual Desktop, eMail
- This position is based in the Pleasanton HQ office
- Manage vendor relationship(s) to the business' strategic goals and objectives, understanding and reconciling competing priorities and evolving business requirements
- Provide advice and guidance to business partners and teams as appropriate regarding VM best-practice to secure optimal value from third-party relationships
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Vendor Management Job Description
Job Description Example
Our company is hiring for a vendor management. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for vendor management
- Monitor supplier risk and assist in resolution
- Implement VMO processes and tools
- Provide oversight on financial tracking and reconciliation activities
- Provide oversight on stakeholder satisfaction survey process
- Provide oversight on purchase order and invoice administration activities
- Support of audit and compliance reviews
- Gather due diligence data from market data vendors
- Generate and prepare scorecard reports from the information submitted by external vendors
- Analyze Key Performance Indicators (KPI) to measure vendor performance
- Assist in monitoring internal/external environments to identify business opportunities and anticipate changes that will impact the business
Qualifications for vendor management
- Ability to travel domestically, as needed (approx
- Understand contractual terms and conditions, and their commercial implications to the business in order to effectively manage vendor agreement(s) and relationship(s) and represent the needs of the business during vendor negotiations
- Provide input into strategic planning, then implement strategic direction across all relevant business units and lines of business, including application of agreed VM governance
- Remain apprised of all risk related policies and ensure business and vendor compliance in collaboration with other VM teams and business stakeholders as applicable
- Monitoring of service credits &/or penalties against vendor performance in accordance with contract commitments, and review negotiated rates and volume thresholds against aggregated spend, invoice charges, and financial commitments
- Conduct regular audit of vendor invoices and facilitate the resolution/escalation of invoice or credit-related issues in accordance with contract terms and conditions
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Vendor Management Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of vendor management. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for vendor management
- This position plays a dynamic role in ICG network service operation – by conducting oversight and deep-dive reviews of major incidents, working with technical and management teams to ensure all outage details are mapped to remediation plans, and representing the major incident health to partner teams and senior management
- Manage Severity 3 problems by conducting root cause analysis, opening and tracking follow-up tasks to closure in a timely manner and working with Problem Management on reassignment of problems that are deemed outside of scope for ICG network
- Works with peer Service Managers to facilitate problem trending to ensure that all underlying process issues are flagged and addressed by the CSI manager
- Cultivate close relationships with clients and senior resources across all operational teams
- Acts as an escalation point for businesses to ensure network functions are executed in a timely manner for critical issues
- Track projects and create status reports for the ICG Networks teams, with high level understanding of project goals and dependencies
- Partners and coordinates closely with internal stakeholder areas
- Performs periodic monitoring activities to support mitigation of existing outsourcing vendor risks and future company mitigation plans
- Communicates to business units and cross-functional teams regarding significant vendor events to foster continuation of positive vendor partnerships
- Represent the business during Vendor Risk Assessments with our enterprise security partner, obtain appropriate audit documentation from the vendors to close open security audits
Qualifications for vendor management
- Defines departmental practices and policies as they relate to the job function to provide colleagues and staff with systems tools and techniques for obtaining desired outcomes
- Identifies and understands individual development needs and provides feedback to improve performance
- Represents the group in providing solutions to difficult technical/functional issues associated with specific projects
- 5+ years of relevant experience in risk management or sourcing within the financial services regulated industry
- Strong verbal and written communications skills - must have the ability effectively present recommendations
- Ability to act independently and support business partners through issue resolution process with suppliers
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Vendor Management Job Description
Job Description Example
Our innovative and growing company is looking for a vendor management. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for vendor management
- Responsible for managing IT documentation to corporate vendor management process
- Primary Vendor Management contact for several of the Bank’s Information Technology suppliers
- Conduct regular vendor risk reviews, maintain current contract artifacts, and obtain applicable approval for any exceptions to the vendor management policy
- Research, analyze and evaluate vendors and recommend new vendor purchases
- Serve as primary point of contact for vendor management related questions and issues
- Building executive-level vendor partnerships with strategic vendors
- Engaging with vendors to pitch the Woot value proposition and gather insight and feedback into how Woot can help achieve their business objectives
- Managing a team of buyers and assistant buyers to deliver on the goals for the Electronics category
- Managing the Electronics category P&L
- Complete supplier scorecards
Qualifications for vendor management
- Collaborate with other key enablers/partners across the region Legal, Finance and control to ensure all upstream and downstream processes are executed in support of required deployments and ensure that TIS is aware of any associated requirements
- History of prior work, experience and exposure to key industry players
- Time Management – Ability to meet deadlines
- Minimum of 2 years’ experience either with a reputed Outsourcing Service Provider OR a minimum of 2 years’ experience working in the offshore (captive) unit of a reputed multinational (preferably US) corporation, and involved in the local management of Services Providers
- Appropriate graduate qualification in Law or Business Management or Finance is required
- 2-4 years B.S