Vendor Manager

2 days ago

Delhi, Delhi, India Badabusiness Full time ₹ 15,00,000 - ₹ 25,00,000 per year

Bada Business is seeking a dynamic and strategic Vendor Manager to drive and manage our vendor partnerships for sustained growth and excellence.

Key Responsibilities :

Vendor Identification & Onboarding

  • Identify and evaluate potential vendors across multiple domains (purchase, tech, AI, CRM, hiring, digital marketing, etc.).
  • Conduct due diligence to assess vendor capabilities, quality standards, and scalability.
  • Negotiate favorable commercial terms, delivery schedules, and SLAs.
  • Draft, finalize, and manage contracts in alignment with legal and compliance requirements.

Vendor Relationship Management

  • Build and nurture strong, long-term relationships with vendors.
  • Act as the single point of contact between Bada Business and vendors for strategic initiatives.
  • Collaborate with vendors to align their services/products with organizational needs.

Performance Evaluation & Continuous Improvement

  • Define and monitor KPIs for vendor performance (quality, timeliness, cost, innovation).
  • Conduct quarterly performance reviews, issue resolution, and improvement planning.
  • Drive continuous improvement initiatives in processes, service delivery, and cost optimization.

Risk & Cost Management

  • Identify and mitigate risks related to vendor performance, compliance, and supply chain disruptions.
  • Develop contingency plans for mission-critical vendors.
  • Ensure vendor partnerships contribute to cost savings without compromising on quality.

Strategic Contribution

  • Partner with leadership to align vendor strategy with company growth objectives.
  • Leverage vendor partnerships for innovation in AI, CRM, and digital platforms.
  • Benchmark industry best practices to ensure competitive advantage

Requirements:

  1. Education: Bachelors degree (MBA/PGDM preferred).
  2. Experience: 7-12 years of experience in vendor management, procurement, or strategic sourcing.
  3. Domain Exposure: Experience managing vendors across at least 23 areas like tech development, CRM, hiring, digital marketing, or inventory management.
  4. Strong negotiation, contract management, and stakeholder management skills
  5. Proven track record of driving cost savings, efficiency, and innovation through vendor partnerships.
  6. Excellent communication, analytical, and leadership abilities.

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