Vendor executive ( Noida)

Mail:- info@naukripay.com vendor management job description involves overseeing and optimizing relationships with third-party suppliers to align with organizational goals. Key responsibilities include selecting and onboarding new vendors, negotiating contracts and service level agreements (SLAs), and monitoring vendor performance through metrics and regular reviews. This role also requires managing vendor risks, ensuring compliance with contracts, and acting as a liaison between vendors and internal teams. Core responsibilitiesVendor selection and onboarding: Researching and vetting new vendors, sending RFPs/RFIs, and developing an approved vendor pool.Contract negotiation: Defining terms, pricing, and SLAs with legal teams to create legally binding contracts.Performance monitoring: Tracking vendor performance against agreed-upon metrics and conducting regular review meetings.Relationship management: Building and maintaining strong relationships with existing vendors, including resolving conflicts and addressing grievances.Risk and compliance management: Monitoring vendor compliance with contract terms and company standards, identifying and mitigating risks.Internal collaboration: Working with internal teams like procurement, legal, and finance to understand business needs and ensure vendor outputs align with those needs.Continuous improvement: Driving operational improvements in vendor workflows and pushing for the adoption of new technologies. Key skills and qualificationsStrong negotiation, communication, and analytical skills.Experience with vendor management, procurement, or contract negotiation.Knowledge of cost management and operational reporting.Familiarity with supply chain management or business-related fields (often a plus).