Process Executive recruitment in Bangalore - quest global engineering pvt ltd

Key Responsibilities:

• Vendor Selection & Negotiation:
• Identify, evaluate, and select vendors that meet company requirements.
• Negotiate contracts and terms to secure the best pricing, quality, and service levels.
• Coordinate with cross-functional teams to ensure vendor selection aligns with company needs and goals.
• Contract Management:
• Develop and maintain vendor contracts, ensuring compliance with company policies and regulatory standards.
• Monitor and enforce contract terms, renewals, and service level agreements (SLAs).
• Performance Management:
• Regularly assess and evaluate vendor performance, ensuring they meet agreed-upon deliverables, timelines, and quality standards.
• Conduct performance reviews with vendors and provide constructive feedback.
• Resolve vendor-related issues in a timely and efficient manner.
• Relationship Management:
• Foster and maintain strong, long-term relationships with key vendors.
• Act as the main point of contact for vendors and internal stakeholders.
• Communicate effectively with vendors to ensure smooth operations and mitigate risks.
• Cost Control & Budgeting:
• Monitor vendor invoices to ensure accuracy and compliance with contract terms.
• Track and manage vendor spending, striving for cost reduction and process improvements.
• Risk Management:
• Assess and mitigate risks related to vendor relationships and service delivery.
• Monitor the market for potential disruptions, supply chain risks, or changes that could impact vendor performance.
• Compliance & Reporting:
• Ensure all vendor contracts and activities comply with company policies and legal regulations.
• Prepare reports on vendor performance, spending, and issues for senior management.
• Continuous Improvement:
• Identify opportunities for process improvement and cost-saving initiatives within vendor management.
• Stay updated on industry trends and best practices in vendor management.

Qualifications:

• Education:
• Bachelor’s degree in Business Administration, Supply Chain Management, or related field (Master’s preferred).
• Experience:
• Minimum of 3-5 years of experience in vendor management, procurement, or supply chain management.
• Proven track record of successfully managing vendor relationships and contracts.
• Skills:
• Strong negotiation, communication, and interpersonal skills.
• Excellent analytical and problem-solving abilities.
• Ability to manage multiple vendors and priorities in a fast-paced environment.
• Proficiency with procurement and vendor management software (e.g., SAP, Oracle, etc.).
• Certifications (optional):
• Certification in Supply Chain Management (e.g., CPSM, CIPS) is a plus.

Key Competencies:

• Negotiation skills and conflict resolution
• Analytical thinking and attention to detail
• Strong organizational and time-management skills
• Relationship building and stakeholder management
• Contract management and compliance