Team Lead - Vendor Management

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Department:

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Reporting To:

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Job Summary:

We are looking for an experienced and detail-oriented Team Lead - Vendor Management to oversee the selection, evaluation, on-boarding, and management of third-party vendors. The role involves ensuring vendor performance, managing risk, negotiating contracts, maintaining compliance, and building long-term relationships that support the organization's operational and strategic goals.

Key Responsibilities:

• Vendor Identification & On-boarding:

• Source, evaluate, and on-board new vendors as per business requirements.
• Conduct due diligence, background checks, and documentation review during on-boarding.

• Relationship & Performance Management:

• Maintain strong relationships with existing vendors to ensure high-quality service delivery.
• Set clear KPIs and SLAs and monitor performance regularly.
• Conduct periodic performance reviews and audits.

• Contract Negotiation & Compliance:

• Negotiate terms and pricing to ensure best value without compromising on quality.
• Ensure all contracts and agreements are compliant with internal policies and external regulations.
• Work closely with legal and compliance teams for risk mitigation.

• Process Improvement & Reporting:

• Analyse vendor-related data to identify opportunities for cost savings and process improvement.
• Prepare regular reports for senior management on vendor performance and cost analysis.
• Assist in creating SOPs, procurement policies, and vendor manuals.

• Issue Resolution:

• Act as a point of contact for any vendor-related issues or escalations.
• Ensure timely resolution of conflicts and disputes.

Requirements:

• Bachelor’s degree in Business Administration, Supply Chain, or related field.
• 2–5 years of experience in vendor management, procurement, or supply chain roles.
• Strong negotiation, analytical, and interpersonal skills.
• Experience with vendor management systems (VMS) and ERP tools.
• Knowledge of contract law and vendor compliance regulations.
• Excellent organizational and multitasking abilities.

Preferred Skills:

• Industry-specific vendor experience (e.g., BGV, CPV/FI, Banks & NBFC).
• Familiarity with risk management and cost control techniques.

Salary Range:

Interested can send their profile to: raquim.salim@parishram.co.in / kunal.budhiraja@parishram.co.in