Vendor Management

Our world is transforming, and PTC is leading the way. Our software brings the physical and digital worlds together, enabling companies to improve operations, create better products, and empower people in all aspects of their business. 

Our people make all the difference in our success. Today, we are a global team of nearly 7,000 and our main objective is to create opportunities for our team members to explore, learn, and grow – all while seeing their ideas come to life and celebrating the differences that make us who we are and the work we do possible.  

Overall, the Vendor Management role plays a role in support our business and operations keeping the necessary tools up to date, meeting the business needs and managing costs.

Contract Negotiation:

• Negotiating contracts and agreements with vendors.
• Guarantee they meet the business needs.
• Ensure contracts comply with legal, vendor risk and data privacy.
• Optimize vendor relationships.

Relationship Management:

• Building and maintaining strong relationships with vendors.
• Ensure effective communication, collaboration, and alignment of goals.

Process and Risk Monitoring:

• Monitoring vendor management process to ensure they meet quality and delivery standards.
• Identifying and mitigating risks associated with vendor management (Legal, VRM, DPA).
• Data aggregation and develop analytics, dashboard, & KPI reporting
• Manage the procurement process end to end from receipt of request to approval of invoices
• Support financial planning by providing input from the procurement process
• Ad-Hoc reporting and documentation of process & procedures

Cost Management:

• Monitoring and managing costs associated with vendor relationships.
• Ensure they align with planned costs and deliver value for the organization.
• Identify cost-saving opportunities.
• Support financial planning by providing input.

Stakeholder Communication:

• Communicating effectively with internal stakeholders, such as procurement, finance, operations, and senior management.
• Keep them informed about vendor-related activities, issues, and opportunities.

Continuous Improvement:

• Continuously evaluating and refining the vendor management to drive efficiency, effectiveness, and innovation (Implement best practices, tools, etc).

Life at PTC is about more than working with today’s most cutting-edge technologies to transform the physical world. It’s about showing up as you are and working alongside some of today’s most talented industry leaders to transform the world around you. 

If you share our passion for problem-solving through innovation, you’ll likely become just as passionate about the PTC experience as we are. Are you ready to explore your next career move with us?

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