Vendor Management & Procurement Specialist - Los Angeles ,

Vendor Management & Procurement Specialist
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Vendor Management & Procurement Specialist
Date Posted:  10/22/2021
Job ID:  Job #4389
Employment Type: Right-To-Hire
Location: Los Angeles California
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We are hiring for a Vendor Management & Procurement Specialist  for a cutting edge media entertainment company. If you are ready to create an impact in a collaborative and fast-paced environment, this could be a great opportunity for you!
STAND 8 provides end to end IT solutions to enterprise partners across the United States and with offices in LA, Atlanta, New York, Raleigh, and more.

OVERVIEW

  • The Specialist, oversees operational aspects of vendor management process and governance.
  • This role is responsible for a combination of IT vendor contracts, risk assessment and strategic relationship management.
  • He/she owns and must understand contractual, commercial and operational working relationships with vendors to ensure effective delivery of committed products and services.
  • This role has wide exposure to a range of senior executives, reporting directly to the Director Tech Vendor Management & Procurement.

RESPONSIBILITIES

  • Responsible for supporting and delivering Governance Framework
  • Continue a disciplined process across the entire strategic life cycle for a variety of vendors; focused on non-staff labor
  • Collaborate with internal stakeholders — including IT, business resources, and Strategic Sourcing — to ensure best practices for vendor relationship management.
  • Execution of vendor governance practices across IT and our internal business partners
  • Monitoring performance and penalty clauses in conjunction with Director, VMO, as well as IT and business units
  • Implement and manage core vendor governance processes such as risk management and customer satisfaction
  • Drive Business Reviews with key vendors
  • Oversee execution of legal documentation
  • Define documentation and contracting for scope and risk
  • Define key measurements of performance
  • Service Level Agreements
  • Service Level Objectives

KEY PERFORMANCE INDICARTORS 

  • Drive the Tech & Corporate Vendor Management & Procurement Strategy through implementation of standardized policies, procedures and utilization of templates
  • Monitor the financial viability and management stability of key vendors
  • Contribute to negotiation strategy and execution
  • Ensure alignment with terms outlined in vendor agreements and standardized rate card
  • Promote reusable vendor management assets and applications (e.g., standardized templates, salesforce, asana etc.)
  • Build and maintain strong relationships with key stakeholders and internal partners such as Legal, Finance, Risk Management, Human Resources among many others
  • Oversee the maintenance of agreements with vendors, and ensure that they are current/up to date and compliant with relevant laws and regulations.
  • Manage vendor relationships as the key point of contact between specified vendors and the business, including communication and performance feedback.
  • Serve as a point of escalation for vendor issues and disputes, and drive those issues to resolution.

SKILLS

  • A bachelor's degree in business or a related field is required
  • 3+ years experience leading governance strategies and initiatives
  • 3- 5 years experience in reporting and BI tools
  • 5+ years experience managing complex outsourcing and off-shoring engagements (managing off shore is a nice to have but not necessary)
  • Knowledge of various outsourcing and service offerings, pricing, and delivery structures
  • 3+ years experience with best practices for vendor governance
  • 5+ years experience with contract negotiation, management skills, including experience with global vendors
  • Ability to understand contract risks and to work with other parts of the organization to develop tactics and strategies
  • 1+ years' experience managing people; ability to delegate
  • Meeting facilitation and presentation skills
  • Proficient in MS Suite, in particular Excel and PowerPoint
  • Collaborator and team player, with the ability to build and maintain strong relationships
  • Analytical, problem solving, and project management skills
  • Communication skills (both verbal and written).
  • Ability to define and clearly follow organizational processes and procedures
  • Attention to detail, sense of urgency, work ethic
  • Ability to work on a multitude of concurrent projects

EXPERIENCE

  • A minimum of 3 to 5 years of experience in vendor management or a related field (eg Strategic Sourcing, Procurement, Contract Management, etc.)
  • Experience with large organization and exposure to diverse vendor management strategies
  • Ability to deliver in a fast-paced and time-sensitive environment
  • Comprehension of the media and technology services business landscape is a plus