Senior Vendor Manager
Required skills
- vendor selection
- contract negotiation
- performance monitoring
- relationship management
- issue resolution
- spend management
- risk management
- compliance
- reporting
- SaaS procurement
Role summary
Stand Together is seeking a Senior Vendor Manager to oversee procurement and management of vendor services. This role involves vendor selection, contract negotiation, performance monitoring, relationship management, spend management, risk management, and ensuring compliance. The ideal candidate will have a minimum of 5 years of experience in vendor management or procurement, with expertise in SaaS and IT procurement. Strong negotiation, communication, analytical, and problem-solving skills are essential. Proficiency in vendor management software and experience in developing metrics and best practices are required. The role also involves leading and developing a team within a Principle-Based Management environment. Experience with certifications like CPSM or CPM is a plus.
Stand Together seeks an experienced Senior Vendor Manager to strengthen its vendor management, strategic sourcing, and procurement approach, with a focus on SaaS and technology partnerships.
The Senior Vendor Manager will oversee the full vendor management lifecycle, from sourcing and contract negotiations to performance management, risk mitigation, and relationship development. This individual will collaborate closely with cross-functional stakeholders to ensure vendor partnerships deliver measurable value, support business objectives, and maximize the impact of organizational resources.
Serving as a senior individual contributor, this individual will play a key role in advancing the organization's vendor management function by developing scalable processes, influencing strategic decisions, optimizing spending, and driving continuous improvements that enhance operational efficiency and vendor performance.
How You Will Contribute
Vendor Sourcing & Strategic Procurement
- Lead the sourcing, evaluation, selection, and management of vendors, with an emphasis on SaaS, software, and IT service providers.
- Partner with internal stakeholders to assess business needs, evaluate vendor solutions, and develop effective, cost-conscious procurement strategies.
- Negotiate contracts, renewals, licensing agreements, and pricing structures to secure favorable terms and maximize organizational value.
Vendor Performance & Relationship Management
- Build and maintain strong vendor relationships that foster collaboration, accountability, and long-term value.
- Establish and monitor vendor performance metrics, service-level agreements (SLAs), and key performance indicators (KPIs) to ensure service quality and contractual compliance.
- Proactively identify and resolve vendor performance issues, contractual disputes, and service delivery challenges.
Spend Optimization & Risk Management
- Analyze vendor spending, contract terms, and software licensing utilization to identify cost-saving opportunities and maximize the value of organizational investments.
- Assess and mitigate vendor-related risks, including contractual, financial, operational, and compliance considerations.
- Collaborate with Legal, Finance, Technology, and other internal teams to ensure vendor agreements and practices align with organizational policies and applicable requirements.
Vendor Management Strategy & Continuous Improvement
- Develop and implement scalable vendor management policies, processes, and best practices to strengthen efficiency, consistency, and accountability.
- Establish reporting frameworks and dashboards to monitor vendor performance, spending, contract renewals, cost savings, and other key metrics.
- Leverage data and analytics to identify trends, guide procurement decisions, and drive continuous improvement.
- Serve as a subject matter expert and strategic advisor on vendor management, providing actionable recommendations to leadership and cross-functional stakeholders.
- Lead cross-functional initiatives to optimize vendor partnerships, strengthen procurement practices, and drive organizational alignment without direct reporting authority.
What You Will Bring
Stand Out Candidates Will Bring
What We Offer
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