Vendor Management Specialist

Company Description

Innovative Solutions (IS) is a leading pure-player Cyber security company in the GCC established in 2003, headquartered in Riyadh with presence in Al Khobar, Jeddah, Dubai, and Abu Dhabi. Our Cybersecurity Solutions and Services encompass Advisory Services, Technical Assurance, Solution Deployment, Professional Services, and Managed Security Services.

Innovative Solutions is committed to its mission to “Bring Trust to Cyberspace” to ensure “Your Business, Secured!”.

Role Description

As a Vendor Management Specialist at Innovative Solutions, you will be responsible for managing the relationships with our vendors and ensuring their performances align with our business needs and expectations. Your main goal will be to optimize vendor performance, minimize risk, and drive continuous improvement in the vendor management function.

Responsibilities

• Develop and maintain vendor management policies and processes.
• Identify and assess potential vendors, conduct due diligence, and negotiate contracts.
• Establish performance metrics and key performance indicators (KPIs) for vendor evaluation.
• Monitor vendor performance, ensuring compliance with contractual obligations and service level agreements (SLAs).
• Conduct periodic vendor performance reviews and provide feedback to vendors.
• Resolve any vendor-related issues or conflicts in a timely and satisfactory manner.
• Collaborate with internal stakeholders to optimize vendor selection and maintain preferred vendor lists.
• Monitor market trends and developments to identify potential risks and opportunities.
• Ensure vendor compliance with relevant regulations and compliance standards.
• Maintain accurate and up-to-date vendor records and documentation.