Senior Director Vendor Management - Hybrid
Novamed · Seven Springs, NC · 3 wk ago
ManagementFull-time
ESSENTIAL FUNCTIONS
- Develop and lead the enterprise-wide vendor management strategy, including vendor selection, onboarding, performance evaluation, and offboarding.
- Oversee IT procurement processes, ensuring alignment with budgetary goals, compliance standards, and strategic sourcing principles.
- Manage the full lifecycle of contracts, including negotiation, execution, renewal, and termination, in collaboration with legal and finance teams.
- Establish and maintain vendor governance frameworks, including SLAs, KPIs, and risk assessments.
- Collaborate with leadership and business stakeholders to forecast procurement needs and align vendor capabilities with technology roadmaps.
- Monitor vendor financial health, operational performance, and compliance with contractual terms.
- Lead cross-functional initiatives to improve procurement efficiency, cost savings, and vendor accountability.
- Provide executive-level reporting on vendor performance, procurement metrics, and contract status.
- Mentor and manage a team of procurement and vendor management professionals.
ANNUAL WORKPLAN DEVELOPMENT & STRATEGIC ALIGNMENT
- Lead the development of an annual Procurement and Vendor Management Workplan aligned to enterprise priorities, financial goals, and technology roadmaps.
- Partner with Finance, and business leadership each fall to review prior-year performance, identify strategic sourcing opportunities, and define next-year objectives.
- Build a clear set of measurable goals for the calendar year, including sourcing initiatives, contract renewals, vendor performance targets, and risk mitigation actions.
- Present the proposed workplan to executive leadership for alignment and approval, and track progress quarterly through performance dashboards and KPI reporting.
- Adjust priorities throughout the year based on business needs, budget changes, or new strategic initiatives.
KPI/OUTCOMES
- Annual cost savings or cost avoidance achieved
- Vendor performance rating improvement year over year
- Reduction in contract cycle time
- % of vendors assessed for cybersecurity and compliance risk
- Stakeholder satisfaction
QUALIFICATIONS
- Bachelor’s degree in Business Administration, Information Technology, Supply Chain Management, or related field; MBA or equivalent preferred.
- 10+ years of experience in procurement, vendor management, or contract administration, with at least 5 years in a leadership role.
- Proven experience in developing and executing vendor governance frameworks and procurement strategies.
- Strong understanding of products, services, licensing models, and market dynamics.
- Excellent negotiation, communication, and stakeholder management skills.
- Proficiency in contract management systems and procurement platforms.
- Ability to lead cross-functional teams and drive strategic initiatives.
- Strong analytical and financial acumen with experience managing budgets and vendor spend.
BENEFITS
- Comprehensive health, dental, and vision insurance
- Health Savings Account with an employer contribution
- Life Insurance
- PTO
- 401(k) retirement plan with a company match
- And more!
ENVIRONMENTAL/WORKING CONDITIONS
- Normal busy office environment with much telephone work.
- Possible long hours as needed.