What are the responsibilities and job description for the Vendor Compliance Analyst position at Baxters North America Inc?
Scope of Job: The Vendor Compliance Analyst is responsible for monitoring vendor performance, ensuring contractual compliance, and identifying cost-saving opportunities, through financial analysis, across the vendor portfolio. This position plays a critical role in optimizing our vendor relationships and driving financial efficiency.
Essential Job Functions and Responsibilities:
- Develop and maintain comprehensive vendor scorecards to track performance metrics, compliance, and service levels
- Generate detailed spend reports to provide visibility into procurement activities and identify trends
- Maintains monthly records for vendor rebate scheme management
- Actively works with Operations and Finance teams when required to prepare vendor claims for non-conforming goods or services.
- Weekly monitoring of PO price variance for variance reporting and invoice management
- Monthly reporting of procurement projects
- Conduct regular cost analysis to uncover savings opportunities and negotiate better terms
- Monitor vendor compliance with contractual obligations, regulations, and company policies
- Investigate and resolve compliance issues through collaboration with internal stakeholders and vendors
- Lead regular vendor performance reviews and business reviews with key suppliers
- Analyze market conditions and industry trends to recommend procurement strategy adjustments
- Maintain accurate vendor data and documentation in procurement systems
- Support contract negotiations with data-driven insights and historical performance metrics
- Collaborate with production and supporting departments to ensure the food safety and quality of our products.
- Performs other duties as assigned.
Education: Bachelor’s degree in Business, Finance, Supply Chain, or related field.
Experience: 3 years of experience in vendor management, procurement, and supplier compliance. Deep knowledge of Supply Chain function. Experience with ERP Systems and Procurement Software required.
Competencies: Contract Terms and Conditions Analysis, Compliance Requirements, Compliance Monitoring, Vendor Management Principles, Data Analysis, Analytical Skills, Ability to translate Data into Actionable Insights, Excellent Communication, Presentation and Negotiation Skills, Detail Oriented, Time Management, Work Quality, Integrity, and Operational Excellence.
Physical Requirements: Requires prolonged sitting and continuous use of computer. May lift, carry, push, or pull objects up to 10 lbs.
