Procurement Relationship Manager

6 days ago


Riyadh, Ar Riyāḑ, Saudi Arabia Innovative Solutions SA Full time

Job Description:

Innovative Solutions SA is seeking a highly skilled Vendor Management Specialist to join our team. As a key member of our organization, you will be responsible for managing vendor relationships and ensuring their performance aligns with our business needs.

Key Responsibilities:

  1. Policy Development: Develop and maintain effective vendor management policies and processes.
  2. Vendor Selection: Identify and assess potential vendors, conduct due diligence, and negotiate contracts.
  3. Performance Monitoring: Establish performance metrics and key performance indicators (KPIs) for vendor evaluation and monitor vendor performance to ensure compliance with contractual obligations and service level agreements (SLAs).
  4. Vendor Performance Reviews: Conduct periodic vendor performance reviews and provide feedback to vendors.
  5. Issue Resolution: Resolve any vendor-related issues or conflicts in a timely and satisfactory manner.
  6. Collaboration: Collaborate with internal stakeholders to optimize vendor selection and maintain preferred vendor lists.
  7. Trend Analysis: Monitor market trends and developments to identify potential risks and opportunities.
  8. Compliance: Ensure vendor compliance with relevant regulations and compliance standards.
  9. Documentation: Maintain accurate and up-to-date vendor records and documentation.

Requirements:

  1. Educational Background: Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
  2. Work Experience: Minimum of 3 years of experience in vendor management, preferably in the technology or cybersecurity industry.
  3. Skills and Qualifications: Strong knowledge of vendor management best practices, contract negotiation, and vendor performance evaluation; excellent communication and relationship-building skills; ability to analyze data and make data-driven decisions; strong organizational and multitasking skills, with attention to detail; ability to work independently and as part of a team; familiarity with relevant regulations and compliance standards; proficient in using vendor management software and tools; and knowledge of cybersecurity concepts, solutions, and industry trends is a plus.


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