Vendor Management Coordinator

Are you a detail-oriented and organized individual with a passion for managing vendor relationships? PPD-Pharmaceutical Product Development is seeking a Vendor Management Coordinator to join our team and play a vital role in ensuring the success of our clinical trials. In this role, you will have the opportunity to collaborate with internal and external stakeholders to ensure efficient and effective vendor management. If you thrive in a fast-paced environment and have a strong understanding of vendor management processes, we want to hear from you!

1. Develop and maintain strong relationships with vendors, including negotiating contracts and managing vendor performance.
2. Collaborate with internal teams to identify and select vendors that align with project needs and goals.
3. Monitor vendor performance and ensure adherence to contract terms, quality standards, and timelines.
4. Create and maintain detailed documentation of vendor contracts, agreements, and performance metrics.
5. Coordinate and facilitate regular meetings with vendors and internal stakeholders to ensure effective communication and collaboration.
6. Evaluate and address any issues or concerns with vendor performance, escalating to management as needed.
7. Proactively identify opportunities for process improvements and cost savings in vendor management.
8. Act as a liaison between vendors and internal teams, effectively managing expectations and ensuring alignment of goals and objectives.
9. Stay up-to-date on industry trends and best practices related to vendor management, and make recommendations for improvement as needed.
10. Collaborate with finance and accounting teams to ensure timely and accurate payment of vendor invoices.
11. Communicate and enforce company policies and procedures related to vendor management.
12. Maintain a high level of confidentiality and professionalism in all vendor interactions.
13. Train and mentor junior team members on vendor management processes and procedures.
14. Provide regular updates to management on vendor performance and any potential risks or issues.
15. Continuously seek ways to streamline and improve vendor management processes to increase efficiency and effectiveness.

According to JobzMall, the average salary range for a Vendor Management Coordinator is $50,000-$70,000 per year. However, this can vary depending on the specific industry, company size, and location. Some factors that can affect salary include:

1. Industry: Different industries may offer different salary ranges for Vendor Management Coordinators. For example, those working in the technology industry may earn more than those in the retail industry.

2. Company size: Larger companies

PPD, Inc. is a global contract research organization providing comprehensive, integrated drug development, laboratory and lifecycle management services.