Senior Manager, Vendor Managemement (Hyderabad)

India, Hyderabad R75700 Senior Manager, Vendor Management Location - Hyderabad Role Purpose / Summary The Senior Manager, Vendor Management role is built on two key pillars: Vendor Governance and Commercial Governance. It involves working closely with strategic partners, driving vendor strategy, and ensuring effective commercial oversight, including budget responsibility. The IT Vendor Manager is responsible for overseeing the full lifecycle of vendor relationships across the IT organization. This role ensures that vendors deliver maximum value through cost optimization, contract performance, service quality, and strategic alignment with business objectives. The individual collaborates closely with procurement, finance, IT operations, and senior leadership to drive effective vendor governance and risk management. Key Accountabilities Vendor Strategy & Governance Develop and implement the IT vendor management strategy to support business and technology objectives. Establish governance frameworks, including performance scorecards, SLAs, KPIs, and quarterly business reviews. Ensure vendors adhere to contractual terms, compliance requirements, and operational standards. Contract & Commercial Management Lead the negotiation, renewal, and optimization of IT contracts, focusing on cost efficiency and value creation. Partner with procurement to manage RFPs, vendor selection, and competitive bidding processes. Identify cost-saving opportunities through consolidation, renegotiation, and benchmarking. Performance & Relationship Management Serve as the primary point of contact for IT suppliers. Monitor service delivery, escalate issues, and drive remediation plans when performance gaps arise. Build robust vendor relationships to improve collaboration, innovation, and service quality. Financial & Lifecycle Oversight Manage IT vendor budgets, cost tracking, forecasting, and spend reporting. Support license management, subscription tracking, and optimization of consum .