Technology Procurement & Vendor Management Specialist

Technology Procurement & Vendor Management Specialist Job Type: Permanent Work Mode and Location: 4 days onsite, Toronto, ON Your New Company A leading organization is seeking a Technology Procurement & Vendor Management Specialist to support sourcing, contracting, and vendor management activities involving information technology within the Data & Technology department and across the organization. Your New Role Reporting to the Senior Manager, Technology Procurement and Vendor Management, the Technology Procurement & Vendor Management Specialist is responsible for supporting sourcing, contracting, and vendor management activities involving information technology within the Data & Technology department and across the organization. Key responsibilities include: Collaborate with D&T and other departments to understand their technology requirements and support the development of procurement strategies to meet those needs consistent with overall company and procurement objectives. Support the development of RFPs, RFQs, and RFIs for IT-related purchases. Collaborate with cross-functional teams to review vendor responses and make recommendations for vendor selection. Conduct market research to inform procurement decisions and identify potential cost-saving opportunities through strategic sourcing, volume discounts, and alternative procurement methods. Monitor vendor spend (costs), proactively identifying opportunities to improve cost-effectiveness. Liaise with vendors during contract negotiations to help secure favorable terms, including pricing, service level agreements, and delivery schedules. Review and analyze contract terms and conditions to mitigate risks and ensure alignment with organizational goals and standards. Maintain a contract management system to track contract expiration dates, renewals, and compliance obligations. Identify opportunities to optimize and streamline procurement workflows by leveraging automation and AI tools. Work with multiple stakeholders, including business stakeholders, privacy, security, audit, finance, and legal departments, to ensure contract terms align with company objectives, legal requirements, and corporate policies. Monitor vendor performance and address any issues or concerns that arise. Manage multiple vendor relationships involving information technology solutions and services. Develop and execute vendor and client satisfaction surveys and analyze results. Track and analyze vendor performance data. What You'll Need to Succeed: Bachelor's degree required. BComm or equivalent preferred. Minimum 3 years of experience in IT procurement, with a focus on category management, sourcing, vendor management, and analytical skills. Track record of driving value, optimizing processes, or identifying cost efficiencies in a professional setting. Experience supporting the creation of RFx documents and owning/facilitating competitive bid engagements. Strong interpersonal skills with a foundational aptitude for negotiation and relationship building. Demonstrated stakeholder/relationship management and networking skills. Demonstrated proficiency with G Suite and Microsoft 365. Strong understanding of IT products and services, including hardware, software, cloud solutions, and licensing models. Excellent communication, presentation, and negotiation skills. Strong project management, organization, and time management skills. Ability to multitask and manage competing priorities effectively. Ability to build and foster strong relationships and organizational alignment with stakeholders and vendors. Business partner mindset with strong stakeholder management capabilities. Excellent written communication and presentation-building skills. Ability to work independently and as part of a team, with strong analytical, problem-solving, and evaluation skills. What You'll Get in Return: You will have the opportunity to work with a talented team of professionals in a dynamic and supportive environment. Competitive compe…

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