Vendor Portfolio Manager

About the position

The Vendor Portfolio Manager at ADP is responsible for managing the internal vendor ecosystem, optimizing costs, and improving vendor utilization. This role involves collaborating with various stakeholders to ensure effective vendor management and support business improvements through proactive initiatives. The ideal candidate will possess strong communication skills and a detail-oriented approach to vendor management, contributing to the overall success of the team and the organization.

Responsibilities

• Take ownership of the internal vendor management process by understanding the vendors' value propositions and serving as the main point of contact for internal stakeholders.
• Engage actively in key events in the vendor lifecycle, including negotiation, contract signing, onboarding, renewals, and sunsetting.
• Build and maintain a comprehensive database of vendors, capturing important details such as contact information, services provided, contract terms, and renewal prices.
• Work closely with senior leadership to monitor vendor expenses, ensuring budget adherence and identifying cost-saving opportunities.
• Prepare and deliver regular presentations on the status of vendor relationships, including key metrics, cost savings, and any issues or risks that need to be addressed.
• Identify and recommend areas for cost savings or process improvements related to vendor management.
• Lead efforts to improve vendor management processes, persuading internal teams and leadership to support and implement proposed changes.

Requirements

• 3-5 years of experience in vendor management, procurement, or cost optimization roles.
• Strong organizational skills with the ability to manage multiple priorities and track detailed information.
• Excellent communication and negotiation skills, with the ability to build relationships and influence stakeholders at all levels of the organization.
• Experience in creating reports, presentations, and financial analyses.
• Ability to identify and act on opportunities for cost savings and process improvements.
• Familiarity with contract management tools and systems is a plus.

Nice-to-haves

• Bachelor's degree in Business Administration, Supply Chain Management, Finance, or related field.
• Knowledge of procurement and contract negotiation best practices.
• Strong project management skills, with the ability to lead cross-functional initiatives.
• Ability to leverage project management tools such as Microsoft Project to manage project plans.
• Analytical mindset with experience in data analysis and financial modeling.

Benefits

• Best-in-class benefits starting on Day 1.
• Company-paid time off for volunteering.
• Ongoing training, development, and mentorship opportunities.