Sourcing Manager

Summary

Join Avetta as a Sourcing Manager and implement, manage vendor management programs, and handle daily procurement activities for Avetta’s buy-side contract portfolio. Collaborate with internal stakeholders and external vendors to drive value, mitigate risks, and support company strategic goals. Negotiate procurement contracts, conduct vendor performance reviews and audits, and manage the vendor contract portfolio. Align vendor strategies with organizational objectives, implement vendor management policies, and generate performance reports. Identify and evaluate new vendors, partner with internal resources for vendor lifecycle management, and manage vendor-related expenses and budgets. Develop strategic relationships with key vendors, monitor compliance, and measure the financial value of managed contracts. Compare vendor pricing, evaluate potential risks, and implement mitigation strategies.

Requirements

Bachelor’s degree in business administration, Supply Chain Management, or a related field

Responsibilities

• Negotiate buy-side procurement contracts with vendors and internal stakeholders to minimize risk, achieve favorable commercial terms, and maximize the value of the investment
• Conduct regular vendor performance reviews and audits to assess compliance, risk, value, and overall effectiveness
• Manage and optimize the company's vendor contract portfolio by monitoring expiration dates and coordinating renewals or terminations
• Collaborate with internal teams to align vendor strategies with organizational objectives and understand their specific needs
• Implement and maintain vendor management policies, procedures, and performance metrics
• Generate and present vendor performance reports to management, including budget analysis and risk assessments
• Identify and evaluate new vendors to support the company's evolving needs and market trends
• Partner with internal resources, including business owners, finance, technology, and other key stakeholders, in complete lifecycle vendor management, including; Vendor Selection and Onboarding
• Contract Negotiation & Management
• Performance Management and Evaluation
• Relationship Management
• Offboarding
• Work with internal stakeholders to manage vendor-related expenses and budgets
• Develop and maintain strategic relationships with key vendors and internal stakeholders
• Monitor vendors and business users' compliance with contractual terms, policies, and regulations
• Measure, track, analyze, and report the total financial value of managed contracts including cost savings and avoidance achieved through negotiations, contract optimizations, and strategic sourcing functions and calculating the return on investment for procurement activities
• Compare vendor pricing against market benchmarks
• Evaluate potential risks associated with vendor relationships an work with business owners to implement mitigation strategies

Preferred Qualifications

• 7-10 years of experience in procurement, vendor management, or a related role, preferably in the SaaS or technology industry
• Strong understanding of SaaS-based technologies and related services
• Excellent negotiation and communication skills
• Proven ability to analyze complex business cases and present findings effectively
• Experience with procurement systems and vendor management tools
• Strong analytical and problem-solving skills
• Proficiency in Microsoft Office, especially Excel
• Experience managing high-complexity, high-spend, and high risk vendor relationships
• Knowledge of contract law and vendor compliance regulations
• Experience with strategic sourcing and category management

Benefits

• Health, dental and vision insurance
• 401(k)
• PTO