Vendor Management Specialist (2-3 Yrs)

Role Summary: We are seeking a motivated and detail-oriented Vendor Management Specialist with 2-3 years of experience and an MBA/PGDM to join our dynamic team in Ahmedabad. This role is crucial for optimizing our vendor relationships, ensuring service level agreements (SLAs) are met, and driving cost efficiencies. The ideal candidate will possess strong analytical and negotiation skills, with a proactive approach to problem-solving.

Key Responsibilities:

• Manage day-to-day relationships with key vendors, ensuring effective communication and collaboration.
• Monitor vendor performance against contractual obligations and SLAs, identifying areas for improvement.
• Conduct regular vendor reviews, performance evaluations, and business reviews.
• Support procurement processes, including vendor selection, negotiation of terms, and contract management.
• Identify and implement cost-saving opportunities through vendor consolidation, process optimization, and strategic sourcing.
• Develop and maintain vendor risk management frameworks and ensure compliance with company policies.
• Collaborate with internal stakeholders to understand business needs and align vendor strategies accordingly.
• Prepare reports and presentations on vendor performance, market trends, and strategic recommendations.