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About this position

Responsible for ensuring that vendor contracts are proactively optimized, consolidated and managed vendor performance evaluation, and ensuring that vendors meet their contractual obligations to support the organization's objectives.

Responsibilities

• Contract Renewals and Terminations
• Coordinate contract renewals, extensions, and terminations with the technical application owners.
• Identify opportunities for cost savings or process improvements in vendor contracts.
• Cost Management
• Monitor and control costs associated with vendor contracts.
• Identify cost-saving opportunities and optimize vendor spend.
• Contract Management
• Monitor contracts and agreements with vendors, including pricing, terms, and service-level agreements (SLAs).
• Ensure contracts align with the organization's strategic goals and objectives.
• Contract Compliance
• Monitor vendor performance to ensure compliance with contract terms and conditions.
• Conduct regular audits and assessments of vendor performance.
• Vendor Performance Evaluation
• Evaluate vendor performance using key performance indicators (KPIs) and metrics
• Conduct regular performance reviews and provide feedback to vendors.
• Vendor Risk Management
• Assess and mitigate risks associated with vendor relationships, including financial, operational, and reputational risks.
• Develop contingency plans for vendor-related disruptions.

Requirements

• Bachelor's degree in a relevant field (e.g., Business, Information Technology).
• A minimum of 8 years of experience in information technology, vendor management, or contract administration.
• Proven track record of successfully managing IT vendors.

Benefits