- Scout new vendors within assigned Categories to optimize company’s business strategy.
- Regularly classify categories and vendors according to market management matrices; in addition, identify relative sourcing strategies.
- Propose new market partnership opportunities and retain existing ones.
- Manage business relationship with suppliers including but not limited to supplier onboarding, evaluation and finally supplier development or phase out.
- Consistently maintain approved vendor list in matching with business requirements either in tendering or execution phase of the projects (related to assigned categories).
- Leverage the buying volume of global procured categories, maximizing the bargaining power of the company.
- Regularly check supplier catalogues and external portals.
- Generate pricing and evaluation schematics for cost driving commodities.
- Communicate with suppliers during tendering phase for the pricing of Engineering items and Tagged items.
- Perform vendors’ evaluation according to their pre-qualification’s material quality, payment terms, delivery time, negotiation's flexibility & their commitment to our contract terms.
- Managing vendor billing and disbursements
- Conducting research on available vendors to determine which vendors offer the best pricing and product quality.
- Resolve vendor disputes or issues quickly and efficiently
- Data management and reporting: Collecting and analyzing vendor data to identify trends, opportunities for improvement, and cost savings.
- Evaluate products and services to continually drive quality of customer experience.
- review the prices and ensure they are updated to avoid any issues with the customer.
Proven work experience as a vendor Acquisition Specialist or similar roleExcellent verbal and written communication skillsA keen understanding of the differences between various roles within organizationsBSc in Business Management or relevant field