Senior Vendor Manager
Valvoline Inc., Lexington, KY, United States
It All Starts with Our People
As the leader in automotive preventive maintenance, Valvoline has a proven track record of growth. We continue to invest in our people, processes, and technology to strengthen our ability to efficiently deliver Quick, Easy, Trusted service across all our stores – every day. We're not just in the car business; we're in the people business. And we're looking for humble, hungry, and smart people to help us shape the future of mobility. If you're hungry to drive change and seek a dynamic, collaborative environment that fuels both personal and professional growth, you've found your place with us.
Our highest priority is creating a welcoming workplace with team members from a wide variety of diverse backgrounds and experiences.
The Opportunity
Valvoline has a rewarding opportunity as a Sr. Vendor Manager. In this role, you will oversee and optimize our vendor relationships. The ideal candidate will have a strong background in vendor management, inventory management, procurement, and supply chain processes with multi-location retail. The ideal candidate will have a strong background in retail services and integrated services and supply. You will be responsible for evaluating vendor performance, negotiating contracts, ensuring compliance with contracts, managing end-to-end solutions, and managing vendor services to budget within company stands.
How You'll Make a Difference
- Vendor Selection and Evaluation
- Identify and evaluate potential vendors based on quality, cost, and reliability. Conduct regular assessments of vendor performance and compliance with contracts.
- Contract Negotiation
- Negotiate terms and conditions with vendors to secure favorable pricing and service levels. Manage the contract lifecycle, ensuring all agreements are up-to-date and compliant.
- Relationship Management
- Build and maintain strong relationships with vendors to ensure collaboration and satisfaction. Address any issues or disputes that arise, working towards effective resolutions.
- Performance Monitoring
- Develop and implement KPIs for vendor performance and service delivery. Conduct regular performance reviews and provide feedback to vendors.
- Cost Management
- Analyze vendor pricing and market trends to identify cost-saving opportunities. Collaborate with finance and technology teams to manage budgets and forecasts.
- Compliance and Risk Management
- Ensure vendors adhere to company policies and regulatory requirements. Identify and mitigate risks associated with vendor relationships.
- Other duties and responsibilities as determined by Valvoline from time to time in its sole discretion.
What You'll Need to Succeed
- Bachelor’s degree in Vendor Services Management or a related field
- Minimum of ten years of experience in vendor management, inventory management, procurement, supply chain
- Strong negotiation and communication skills
- Proficiency in data analysis and performance metrics
- Knowledge of relevant laws and regulations pertaining to vendor contracts
- Excellent problem-solving and decision-making abilities
- Experience with vendor management hardware, software, and tools
- Experience with vendor management integrated services and supply management
- Experience with end-to-end vendor management solutions
- Familiarity with industry-specific standards and best practices
- Project management experience
- Must be authorized to work in the U.S.
We Take Care of the WHOLE You
- Health insurance plans (medical, dental, vision)
- HSA and flexible spending accounts
- 401(k)
- Incentive opportunity*
- Life insurance
- Short and long-term disability insurance
- Paid vacation and holidays*
- Employee Assistance Program
- Valvoline Instant Oil Change discounts
- Tuition reimbursement*
- Adoption assistance*
*Terms and conditions apply, and benefits may differ depending on position.