Overview
Vendor Management is the process of establishing a robust relationship with your vendors and leveraging these relations to drive service excellence and smooth coordination between your organization, vendors, and end-users. Cost control, risk mitigation, and execution assessment lies in the foundation of this procedure. It empowers you to derive the best value from your vendors, while also rewarding them for their performance, making the relationship genuinely mutual.
Additionally, the discipline also incorporates different rewards and recognition and several other activities to improve vendor performance.
Responsibilities
- Research and evaluate prospective suppliers
- Conduct relevant due diligence on new and existing suppliers
- Maintain and update supplier information such as registration certificates, commercial Licenses, VAT certificates, insurances qualifications
- Maintain supplier database with categorization according to specialization
- Register supplier in database once they pass the detailed pre-qualification criteria as set in the system
- Create pre-qualification criteria and ranking mechanism for vendors in the system and obtain internal feedback/ approvals
- Performance or ratings of each supplier to be maintained on the system as per policy to ensure supplier database fits the organization as per the Delivery days, Payment Terms, Work Ethics and maintaining a solid business relation
- Maintaining a consolidated tracker of the entire vendor lifecycle management process
- Create a knowledge management strategy and repository to store all the relevant vendor lifecycle information
- Work collaboratively with stakeholders to identify and prioritize requests related to the vendor management process
- Response to supplier related queries from end-users, to enable the procurement process
- Follow-up with the vendors for timely deliveries and with the relevant teams
- Monitor quarterly reports and develop reporting mechanisms to share vendor spend analysis and performance with the management
- Sound knowledge of procurement process, able to generate PO’s and reports and work as a support function for procurement team whenever required to take care of routine daily work
- Developing and sustaining long-standing relationships with company-approved vendors
Qualifications
- Relevant business/commercial or manufacturing/engineering degree preferred
- Chartered Institute of Procurement & Supply (CIPS) or similar qualification or studying towards CIPS
- qualification would be beneficial
- Previous experience of working in a purchasing team preferably within a technology or distribution
- environment
- Good knowledge of purchasing, negotiation, commercial understanding and cost breakdown
- Experience of working closely with suppliers
- Able to add value, reduce costs and input to business improvements
- An understanding of distribution processes and components would be advantageous
- Computer literate, with advanced Excel skills/abilities
What working at G42 offers:
Culture: An open, diverse and inclusive environment with a global vision that encourages personal growth and focuses on ground-breaking, industry-first innovations.
Career: Outstanding learning, development & growth opportunities via structured training programs and innovative, high-tech projects.
Work-Life: A hybrid work policy to strike the perfect balance between office and home.
Rewards: A competitive remuneration package with a host of perks including healthcare, education support, leave benefits and more.
About G42
G42 is a global leader in creating visionary artificial intelligence for a better tomorrow. Born in Abu Dhabi and operating across the world, G42 champions AI as a powerful force for good. Its people are constantly reimagining what technology can do, applying advanced thinking and innovation to accelerate progress and tackle society’s most pressing problems.
G42 is driving change in the region and beyond, joining forces with nations, corporations and individuals to create the infrastructure for tomorrow’s world. From molecular medicine to space travel and everything in between, G42 realizes exponential possibilities, today.
To confidently demonstrate that you meet the criteria above, please contact us.
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