Vendor Management Specialist

My client in the financial industry is seeking Vendor Management Specialist/Supplier Relationship Manager to join their team on a contract basis. This is an operational/technical role aimed at supporting my client’s procurement and supply chain through the identification of broader opportunities to drive long-term value-adding change pertaining to Vendor Management, Supplier Relationship Management and Supplier Development.

Job Objective

• Responsible to ensure that a full supplier segmentation approach is implemented and maintained for all vendors.
• Responsible to gather all data requirements from various stakeholders in the process to ensure efficiency and alignment to the process requirements, with updates managed accordingly as well.
• Responsible to formalise scheduled engagement sessions with internal stakeholders and vendors.
• Responsible to ensure formulation and adherence to SLA’s in areas pertaining to Suppler Relationship Management, Vendor Management and MIS.
• Responsible to ensure that reporting mechanisms are implemented to easily track, record and report on progress across the SRM function and Vendor Management function.
• Detailed knowledge of supplier database to enable efficient gatekeeping of the appropriate vendor segmentation processes.
• Develop and implement standard processes and associated documents; and provide support in relation to supplier due diligence and supplier rationalization.
• Responsible to develop and drive supplier scorecards and ongoing supplier performance improvement working with supply base.
• Agree on vendor performance targets and ensure the appropriate tools and engagements are in placed to effectively measure the outcomes.
• Ensure the right level of awareness of the SRM function, purpose and priorities are generated to enable proper stakeholder understanding.
• Apply processes to unique situations and derive solutions to enable the business to continued operations.
• Promotes and monitors the implementation of an integrated supply chain involving key supply chain stakeholders at all levels of the system.
• Supports the development of supplier strategies, bid packages, and contracts
• Coach, guide and mentor staff to achieve operational excellence across the Supplier Life Cycle.
• Internal audits of processes to ensure compliance – regular reports to Operations Manager.
• Ensure Supplier data is maintained as per Procurement Policy and Procurement Standards.
• Acts as a relationship coordinator between suppliers (where there is no direct relationship with a cluster) and my client to resolve any issues and to enforce Policies.
• Be able to provide guidance to the business on corrective solutions to mitigate compliance and business risks and to improve the vendor and business relationships whilst complying with governance requirements.
• Communicate effectively and build strong relationships with internal and external stakeholders, regarding Procurement matters.
• Continuously drives process improvements within the contracts, sourcing and procurement function and in the Accounts Payable environment to achieve operational excellence.
• Deliver on coordinated business development opportunities.