Vendor Management Specialist Malabar Gold Diamonds

3.0 - 6.0 years

5 - 8 Lacs

Kozhikode, Kerala, India

On-site

As a Vendor Management Specialist, you will be instrumental in overseeing the complete lifecycle of our vendor relationships. This includes identifying, evaluating, and onboarding suppliers, negotiating contracts, monitoring performance, and fostering collaborations that align with our strategic objectives. Your expertise will directly contribute to the quality of our products, efficiency of our operations, and overall business success. Key Responsibilities Develop and maintain strong, collaborative relationships with existing and new vendors, fostering long-term partnerships. Source, evaluate, and select new vendors based on comprehensive criteria including quality, cost-effectiveness, reliability, and ethical practices. Negotiate contracts, terms, and pricing with vendors to secure favorable agreements and optimize value for the company. Monitor and assess vendor performance against agreed-upon KPIs, SLAs, and quality standards (e.g., delivery timelines, product quality, service levels). Conduct regular vendor reviews and feedback sessions to drive continuous improvement and address any performance gaps. Ensure vendor compliance with company policies, industry regulations, security standards, and contractual obligations. Manage the onboarding and offboarding processes for vendors, ensuring smooth transitions and proper documentation. Resolve vendor-related issues, disputes, or escalations promptly and professionally. Identify opportunities for vendor consolidation, optimization, or innovation to enhance efficiency and cost savings. Collaborate closely with internal departments such as Procurement, Production, Retail Operations, Marketing, and IT to align vendor strategies with business needs. Maintain accurate and up-to-date vendor records, contracts, and documentation . Required Skills & Qualifications Proven experience in vendor management, procurement, or supply chain management . Exceptional negotiation and communication skills , both written and verbal. Strong analytical abilities to evaluate vendor performance, market trends, and financial proposals. Proficiency in contract management and understanding of legal terms related to vendor agreements. High level of attention to detail and strong organizational skills. Ability to build and maintain effective professional relationships. Familiarity with ERP systems (e.g., SAP, Oracle) for vendor and procurement processes is a plus. Bachelor's degree in Business Administration, Supply Chain Management, Finance, or a related field. Experience within the retail, jewelry, or manufacturing sector is highly advantageous.

Posted 5 days ago

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