Vendor Management Specialist

As a Vendor Management Specialist, you will be instrumental in overseeing the complete lifecycle of our vendor relationships. This includes identifying, evaluating, and onboarding suppliers, negotiating contracts, monitoring performance, and fostering collaborations that align with our strategic objectives. Your expertise will directly contribute to the quality of our products, efficiency of our operations, and overall business success.

Key Responsibilities

• Develop and maintain strong, collaborative relationships

  with existing and new vendors, fostering long-term partnerships.

• Source, evaluate, and select new vendors

  based on comprehensive criteria including quality, cost-effectiveness, reliability, and ethical practices.

• Negotiate contracts, terms, and pricing

  with vendors to secure favorable agreements and optimize value for the company.

• Monitor and assess vendor performance

  against agreed-upon KPIs, SLAs, and quality standards (e.g., delivery timelines, product quality, service levels).
• Conduct

  regular vendor reviews

  and feedback sessions to drive continuous improvement and address any performance gaps.
• Ensure

  vendor compliance

  with company policies, industry regulations, security standards, and contractual obligations.
• Manage the

  onboarding and offboarding processes

  for vendors, ensuring smooth transitions and proper documentation.

• Resolve vendor-related issues, disputes, or escalations

  promptly and professionally.
• Identify opportunities for

  vendor consolidation, optimization, or innovation

  to enhance efficiency and cost savings.

• Collaborate closely with internal departments

  such as Procurement, Production, Retail Operations, Marketing, and IT to align vendor strategies with business needs.
• Maintain

  accurate and up-to-date vendor records, contracts, and documentation

  .

Required Skills & Qualifications

• Proven experience in

  vendor management, procurement, or supply chain management

  .
• Exceptional

  negotiation and communication skills

  , both written and verbal.
• Strong

  analytical abilities

  to evaluate vendor performance, market trends, and financial proposals.
• Proficiency in

  contract management

  and understanding of legal terms related to vendor agreements.
• High level of

  attention to detail

  and strong organizational skills.
• Ability to build and maintain effective professional relationships.
• Familiarity with

  ERP systems

  (e.g., SAP, Oracle) for vendor and procurement processes is a plus.
• Bachelor's degree in Business Administration, Supply Chain Management, Finance, or a related field.
• Experience within the

  retail, jewelry, or manufacturing sector

  is highly advantageous.