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For Companies At a Glance
- Tasks: Manage vendor relationships and ensure they meet performance standards.
- Company: Join a dynamic team focused on IT procurement and vendor management.
- Benefits: Enjoy flexible working options and opportunities for professional growth.
- Why this job: Be part of a collaborative culture that values integrity, respect, and innovation.
- Qualifications: Experience in procurement and vendor management within a technology environment is essential.
- Other info: This is an interim role, perfect for those looking to make an impact quickly.
The predicted salary is between 36000 - 60000 £ per year.
Our client is looking for someone to assist their Commercial Team on an interim basis due to a member of the team being seconded onto another project. They are looking for a professional who is experienced within procurement particularly across Vendor and Contract management. This role would sit within the IT procurement team so experience working within a Technology function is essential.
Job Responsibilities:
- Coordinate and manage a portfolio of vendors in line with ITIL best practices (where applicable), ensuring performance aligns with contractual KPIs and the services delivered meet the operational needs of our client.
- Own and maintain the content of all service schedules (contracts), ensuring that updates are reflected in accordance with contractual governance procedures.
- Collaborate with operational teams to develop SMART KPIs that measure vendor performance and ensure service delivery is both effective and offers value for money.
- Regularly review vendor contracts and services with internal stakeholders to ensure alignment with cost, quality, and performance expectations.
- Chair regular Vendor Review Meetings, involving internal stakeholders and vendor account teams, to evaluate performance and compliance against contractual terms.
- Serve as the go-to point for internal teams on vendor-related issues, leading service improvement plans and escalating concerns when vendor performance affects service delivery.
- Foster strong internal relationships to ensure vendor agreements are well-communicated and accessible across the organization.
- Contribute to the creation and execution of a comprehensive vendor plan targeting performance improvements, cost savings, cost avoidance, outsourcing/insourcing evaluations, and collaborative initiatives with third parties.
- Ensure purchase orders are in place and services are paid in accordance with contractual terms.
- Collaborate closely with procurement, finance, and legal teams to ensure all vendor processes align with company governance protocols.
- Support procurement with benchmarking activities to validate that vendor pricing remains competitive and represents value for money.
- Participate in procurement processes (e.g., RFIs), ensuring prospective vendors are thoroughly assessed on their service delivery capabilities.
- Lead the development of support and maintenance schedules for new vendors, working with stakeholders to ensure requirements are met cost-effectively.
- Build value-driven relationships with vendors, reflecting our client’s core values—integrity, respect, empathy, and inclusion.
- Monitor underperforming vendors and ensure enforcement of contractual remedies where applicable.
- Partner with finance and business units to track and understand budget allocations and expenditures across your vendor portfolio.
- Produce reports analyzing vendor development, performance plans, market trends, and alignment with business needs.
Vendor Manager employer: Venn Group
Contact Detail:
Venn Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Vendor Manager
✨Tip Number 1
Familiarise yourself with ITIL best practices, as this role requires coordinating vendor management in line with these standards. Understanding how to apply these principles will help you demonstrate your capability to manage vendor performance effectively.
✨Tip Number 2
Network with professionals in the procurement and IT sectors. Attend industry events or join relevant online forums to connect with others who can provide insights into vendor management roles and potentially refer you to opportunities.
✨Tip Number 3
Prepare to discuss your experience with developing SMART KPIs during interviews. Be ready to share specific examples of how you've measured vendor performance and ensured service delivery aligns with business needs.
✨Tip Number 4
Showcase your ability to foster strong internal relationships. Think of examples where you've collaborated with cross-functional teams to improve vendor performance or resolve issues, as this is crucial for the Vendor Manager role.
We think you need these skills to ace Vendor Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in procurement, vendor management, and IT functions. Use specific examples that demonstrate your ability to manage vendor performance and align with contractual KPIs.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Vendor Manager role and explain how your background aligns with the job responsibilities. Mention your experience with ITIL best practices and your ability to foster strong internal relationships.
Highlight Relevant Skills: Emphasise skills such as contract management, KPI development, and stakeholder collaboration. Provide concrete examples of how you've successfully managed vendor relationships and improved service delivery in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a Vendor Manager role.
How to prepare for a job interview at Venn Group
✨Showcase Your Procurement Experience
Make sure to highlight your previous experience in procurement, especially in vendor and contract management. Be prepared to discuss specific examples of how you've successfully managed vendor relationships and ensured compliance with contractual terms.
✨Understand ITIL Best Practices
Familiarise yourself with ITIL best practices as they relate to vendor management. During the interview, demonstrate your knowledge of how these practices can enhance vendor performance and service delivery.
✨Prepare for Vendor Review Scenarios
Anticipate questions about how you would handle vendor review meetings. Think of strategies you would use to evaluate vendor performance and ensure alignment with KPIs, and be ready to share your approach to fostering strong internal relationships.
✨Emphasise Collaboration Skills
Since this role involves working closely with various teams, emphasise your collaboration skills. Share examples of how you've effectively partnered with finance, legal, and operational teams to achieve common goals in vendor management.
