Vendor Management Specialist

Job Title: Vendor Management Specialist

Location: Remote

Company: HLTHX, LLC

Job Summary: The Vendor Management Specialist plays a pivotal role in ensuring the success of our vendor relationships by overseeing all aspects of vendor performance and interactions. This position involves a combination of vendor selection, contract negotiation, performance evaluation, and continuous improvement. The Vendor Management Specialist will collaborate closely with various departments to ensure the seamless delivery of products/services and to drive cost efficiencies.

Key Responsibilities:

Vendor Selection and Evaluation:
– Identify potential vendors through market research and assessments.
– Conduct vendor assessments, including financial stability, capabilities, and reputation.
– Evaluate vendor proposals and negotiate terms and pricing to secure mutually beneficial agreements.
– Manage the vendor onboarding process, including necessary documentation and approvals.

Contract Coordinator:
– Provide support in the drafting, reviewing, and basic management of vendor contracts, under guidance, to ensure adherence to company policies and legal standards.
– Learn to monitor contract performance and compliance within vendor relationships, assisting with tracking progress.
– Help maintain organized contract records and assist in tracking renewals to support ongoing alignment with business requirements, following established procedures.

Vendor Performance Management:
– Establish and monitor vendor performance metrics and key performance indicators (KPIs).
– Conduct regular vendor performance reviews and provide feedback to vendors.
– Collaborate with vendors to address performance issues and drive continuous improvement.

Relationship Building:
– Cultivate and maintain strong working relationships with key vendor contacts.
– Act as the primary point of contact for vendors, addressing inquiries and resolving issues.
– Promote collaboration and effective communication between internal teams and vendors.

Cost and Risk Management:
– Identify opportunities for cost savings and efficiency improvements in vendor relationships.
– Mitigate risks associated with vendor contracts and relationships.
– Monitor vendor compliance with regulatory requirements and industry standards.

Reporting and Analysis:
– Prepare and deliver regular reports on vendor performance, contract compliance, and cost analysis.
– Analyze data to identify trends and make data-driven recommendations.

Qualifications:
– Proven experience in vendor management, procurement, or supply chain management.
– Strong negotiation, contract management, and analytical skills.
– Excellent communication and interpersonal abilities.
– Familiarity with vendor management software and tools.
– Strong project management and organizational skills.
– Attention to detail and ability to multitask effectively.

Familiarity with the healthcare business preferred.

To Apply:
Please send your application to Click to view/hlthxcareers/jobs/774b25a4-5479-4d14-ba7f-a3c608a217df