Sourcing and Vendor Management Lead

We are seeking a Sourcing and Vendor Management Lead to establish and manage the organization’s strategic sourcing, procurement governance, and vendor performance management framework. The role ensures cost-effective procurement, strong supplier relationships, contract compliance, and vendor performance aligned with business objectives.The Sourcing and Vendor Management Lead acts as the bridge between business units, finance, legal, and external suppliers, ensuring value for money, risk mitigation, and high-quality service delivery from third-party vendors.Key ResponsibilitiesStrategic Sourcing & ProcurementDevelop and implement sourcing and procurement strategies aligned with organizational goals.Conduct market research and supplier benchmarking.Ensure best value through cost optimization and competitive sourcing.Establish procurement policies, templates, and governance standards.Manage vendor onboarding, evaluation, and segmentation.Establish and track vendor SLAs, KPIs, and performance scorecards.Lead contract negotiations in coordination with Legal and Finance teams.Ensure compliance with contractual obligations and service expectations.Maintain a centralized vendor and contract repository.Performance & Relationship ManagementConduct regular vendor performance and business reviews.Manage vendor risks, issues, and escalations.Build strategic partnerships with key suppliers.Drive vendor accountability and continuous improvement.Ensure procurement activities comply with internal policies and regulations.Identify and mitigate vendor and supply chain risks.Support audit readiness and procurement transparency.Promote ethical sourcing and fair procurement practices.Cost Optimization & Value CreationIdentify cost-saving and value-creation opportunities.Track procurement savings and vendor performance metrics.Drive efficiency and standardization in procurement processes.Skills & AbilitiesCore CompetenciesStrategic sourcing and procurement managementVendor performance and relationship managementContract negotiation and commercial managementRisk and compliance managementFinancial and cost analysisStakeholder and cross-functional coordinationLeadership & Behavioral SkillsNegotiation and influencing skillsAnalytical and commercial mindsetStrong communication and relationship managementProblem-solving and decision-making abilitiesHigh integrity and governance mindsetEducation & ExperienceBachelor’s degree in Business Administration, Supply Chain, Finance, Engineering, or related field; MBA is a plus.8–12+ years of experience in procurement, sourcing, vendor management, or commercial roles.Experience managing enterprise vendors and contracts.Preferred CertificationsCIPS (Chartered Institute of Procurement & Supply)CPSM (Certified Professional in Supply Management)PMP or PRINCE2 (advantage)Preferred ToolsContract Management: CLM toolsReporting & Analysis: Power BI, Tableau, Advanced ExcelWorkflow Tracking: Jira, ServiceNowSoft SkillsStrong negotiation and commercial awarenessEffective vendor relationship and stakeholder managementHigh integrity and governance mindsetAnalytical thinking and attention to detailAbility to manage risks and resolve conflictsProcess improvement and continuous improvement mindset#J-18808-Ljbffr