Job Description
Role Summary:
The position is responsible for ensuring the delivery of some of Thomson Reuters’ most important global contracts and third-party supplier relationships through rigorous governance in order to achieve maximum value for investment and to optimize 360-degree relationships (buy from, sell to, partner with).
The Manager, Supplier & Contract Management performs the ongoing and daily activities for managing global contracts.
Responsibilities:
Act as Thomson Reuters’ subject matter expert for assigned supplier contracts
Act as an escalation point on supplier matters, liaising with and advising the business and TR senior leaders as necessary, to achieve the best outcome for Thomson Reuters
Manage and negotiate to resolve major disputes, including on SLAs, unit rates, and contract compliance, to minimize commercial leakage and risk while sustaining healthy partnerships with suppliers
Control costs and limit financial risk and exposure through managing contracts and negotiating contract changes and settlements
Ensure contract deliverables and obligations, as well as stakeholder expectations, are met using Obligation Management practices and tools
Diagnose supplier performance and compliance issues relating to the contract, as well as recommend options and secure buy-in for plans to improve supplier performance/compliance
Manage, draft, redline, and negotiate contract changes including amendments and change requests and secure internal buy-in/approvals
Implement a methodology for price and performance benchmarking to ensure agreements remain commercially optimized over time
Implement best practice contract and commercial governance to reduce value leakage and erosion including adoption of a commercial issues log and leading contract and commercial governance meetings
Support 360-degree supplier relationship assessments and joint account planning with suppliers
Drive creation of formal supplier strategies in coordination with the business, stakeholders and senior leaders
Support Executive Business Review meetings and planning to align executives of Thomson Reuters and our most important suppliers on how to optimize the 360-degree relationship (buy from, sell to, partner with)
Represent Supplier & Contract Management in operational/service management governance forums with strategic suppliers
Manage contract terminations for cost-efficient and successful contract exits
Scope of Impact:
Provide expert counsel support to business and stakeholders
Proactively manage global suppliers, including their account leaders, to industry best practices for a reduced risk perimeter and to minimize value leakage and erosion
Drive achievement of contracted deliverables and obligations by implementing formal Contract Obligation Management
Perform rigorous issue management and resolve supplier disputes through contract expertise and negotiation
Achieve value beyond the contract through market-leading 360-degree supplier relationship management methodologies
Knowledge & Skill
Advanced negotiation and contract drafting skills, familiarity with contract and commercial management methodology, and a demonstrated track record of working ethically to achieve excellent outcomes
Advanced fluency in contract terminology (including legal and business terms and SLAs) and ability to master highly complex contracts
Rigorous attention to detail, expert analytics, advanced ability to interpret contract terms and conditions and advise and make recommendations
Strong business acumen with ability to navigate and analyze complex commercials of a deal
Strong ability to manage a varied range of stakeholders
Excellent (external and internal) relationship management
Excellent written and verbal communication skills
Advanced strategic thinking and communications skills
Advanced skills in Microsoft Office Suite including Word, Excel, and PowerPoint, as well as SharePoint and Teams
Advanced project management skills and the ability to drive supplier and stakeholder deliverables to completion
Additional items for consideration:
Advanced degree (JD or MBA or LLB)
Experience in contract management and/or supplier relationship management discipline, including experience of successful management of global contracts in excess of USD 15m value
Combined 5 years of experience in contract management, supplier relationship management, strategic sourcing, and/or contract-related discipline
3 years of contract management or supplier relationship management experience
#LI-JS2
Do you want to be part of a team helping re-invent the way knowledge professionals work? How about a team that works every day to create a more transparent, just and inclusive future? At Thomson Reuters, we’ve been doing just that for almost 160 years. Our industry-leading products and services include highly specialized information-enabled software and tools for legal, tax, accounting and compliance professionals combined with the world’s most global news services – Reuters. We help these professionals do their jobs better, creating more time for them to focus on the things that matter most: advising, advocating, negotiating, governing and informing.
We are powered by the talents of 25,000 employees across more than 75 countries, where everyone has a chance to contribute and grow professionally in flexible work environments that celebrate diversity and inclusion. At a time when objectivity, accuracy, fairness and transparency are under attack, we consider it our duty to pursue them. Sound exciting? Join us and help shape the industries that move society forward.
Accessibility
As a global business, we rely on diversity of culture and thought to deliver on our goals. To ensure we can do that, we seek talented, qualified employees in all our operations around the world regardless of race, color, sex/gender, including pregnancy, gender identity and expression, national origin, religion, ****** orientation, disability, age, marital status, citizen status, veteran status, or any other protected classification under applicable law. Thomson Reuters is proud to be an Equal Employment Opportunity/Affirmative Action Employer providing a drug-free workplace.
We also make reasonable accommodations for qualified individuals with disabilities and for sincerely held religious beliefs in accordance with applicable law.
Protect yourself from fraudulent job postings click here to know more.
More information about Thomson Reuters can be found on https://thomsonreuters.com.
The position is responsible for ensuring the delivery of some of Thomson Reuters’ most important global contracts and third-party supplier relationships through rigorous governance in order to achieve maximum value for investment and to optimize 360-degree relationships (buy from, sell to, partner with).
The Manager, Supplier & Contract Management performs the ongoing and daily activities for managing global contracts.
Responsibilities:
Act as Thomson Reuters’ subject matter expert for assigned supplier contracts
Act as an escalation point on supplier matters, liaising with and advising the business and TR senior leaders as necessary, to achieve the best outcome for Thomson Reuters
Manage and negotiate to resolve major disputes, including on SLAs, unit rates, and contract compliance, to minimize commercial leakage and risk while sustaining healthy partnerships with suppliers
Control costs and limit financial risk and exposure through managing contracts and negotiating contract changes and settlements
Ensure contract deliverables and obligations, as well as stakeholder expectations, are met using Obligation Management practices and tools
Diagnose supplier performance and compliance issues relating to the contract, as well as recommend options and secure buy-in for plans to improve supplier performance/compliance
Manage, draft, redline, and negotiate contract changes including amendments and change requests and secure internal buy-in/approvals
Implement a methodology for price and performance benchmarking to ensure agreements remain commercially optimized over time
Implement best practice contract and commercial governance to reduce value leakage and erosion including adoption of a commercial issues log and leading contract and commercial governance meetings
Support 360-degree supplier relationship assessments and joint account planning with suppliers
Drive creation of formal supplier strategies in coordination with the business, stakeholders and senior leaders
Support Executive Business Review meetings and planning to align executives of Thomson Reuters and our most important suppliers on how to optimize the 360-degree relationship (buy from, sell to, partner with)
Represent Supplier & Contract Management in operational/service management governance forums with strategic suppliers
Manage contract terminations for cost-efficient and successful contract exits
Scope of Impact:
Provide expert counsel support to business and stakeholders
Proactively manage global suppliers, including their account leaders, to industry best practices for a reduced risk perimeter and to minimize value leakage and erosion
Drive achievement of contracted deliverables and obligations by implementing formal Contract Obligation Management
Perform rigorous issue management and resolve supplier disputes through contract expertise and negotiation
Achieve value beyond the contract through market-leading 360-degree supplier relationship management methodologies
Knowledge & Skill
Advanced negotiation and contract drafting skills, familiarity with contract and commercial management methodology, and a demonstrated track record of working ethically to achieve excellent outcomes
Advanced fluency in contract terminology (including legal and business terms and SLAs) and ability to master highly complex contracts
Rigorous attention to detail, expert analytics, advanced ability to interpret contract terms and conditions and advise and make recommendations
Strong business acumen with ability to navigate and analyze complex commercials of a deal
Strong ability to manage a varied range of stakeholders
Excellent (external and internal) relationship management
Excellent written and verbal communication skills
Advanced strategic thinking and communications skills
Advanced skills in Microsoft Office Suite including Word, Excel, and PowerPoint, as well as SharePoint and Teams
Advanced project management skills and the ability to drive supplier and stakeholder deliverables to completion
Additional items for consideration:
Advanced degree (JD or MBA or LLB)
Experience in contract management and/or supplier relationship management discipline, including experience of successful management of global contracts in excess of USD 15m value
Combined 5 years of experience in contract management, supplier relationship management, strategic sourcing, and/or contract-related discipline
3 years of contract management or supplier relationship management experience
#LI-JS2
Do you want to be part of a team helping re-invent the way knowledge professionals work? How about a team that works every day to create a more transparent, just and inclusive future? At Thomson Reuters, we’ve been doing just that for almost 160 years. Our industry-leading products and services include highly specialized information-enabled software and tools for legal, tax, accounting and compliance professionals combined with the world’s most global news services – Reuters. We help these professionals do their jobs better, creating more time for them to focus on the things that matter most: advising, advocating, negotiating, governing and informing.
We are powered by the talents of 25,000 employees across more than 75 countries, where everyone has a chance to contribute and grow professionally in flexible work environments that celebrate diversity and inclusion. At a time when objectivity, accuracy, fairness and transparency are under attack, we consider it our duty to pursue them. Sound exciting? Join us and help shape the industries that move society forward.
Accessibility
As a global business, we rely on diversity of culture and thought to deliver on our goals. To ensure we can do that, we seek talented, qualified employees in all our operations around the world regardless of race, color, sex/gender, including pregnancy, gender identity and expression, national origin, religion, ****** orientation, disability, age, marital status, citizen status, veteran status, or any other protected classification under applicable law. Thomson Reuters is proud to be an Equal Employment Opportunity/Affirmative Action Employer providing a drug-free workplace.
We also make reasonable accommodations for qualified individuals with disabilities and for sincerely held religious beliefs in accordance with applicable law.
Protect yourself from fraudulent job postings click here to know more.
More information about Thomson Reuters can be found on https://thomsonreuters.com.
💡 Quick Summary
Seeking a career-building opportunity? The Manager| Supplier Contract Management position is now open for candidates interested in the Operations Executive Jobs sector. This role in Bengaluru offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Operations Executive Jobs is a plus.