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Vendor Management Specialist – IT Negotiator
Caterpillar Inc.. Create detailed negotiation strategies, including leverage points, deal variables, and counteroffers .
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates expertise in negotiation strategies, supplier management, and financial analysis, with a strong focus on achieving savings targets and improving procurement processes. Proficient in project management and collaboration across multiple functions to drive successful outcomes.
Highest-signal resume keywords
Negotiation StrategiesSupplier ManagementFinancial AnalysisProject ManagementIT Sourcing
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Contract Language InterpretationCost Analysis TechniquesDemand ManagementCommercial ContractingTechnology LicensingNegotiation PrinciplesSupplier Spend AnalysisContract Lifecycle ManagementPerformance Metrics AchievementSupplier Playbook Development
Soft Skills
Interpersonal SkillsVerbal CommunicationWritten CommunicationCollaboration SkillsProblem Solving
Tools & Technologies
Contract Lifecycle Management Tool
Industry Keywords
IT SourcingSupplier NegotiationsMarket IntelligenceFinancial Impact AnalysisProcurement Processes
About the role
Key responsibilities & impact- Create detailed negotiation strategies, including leverage points, deal variables, and counteroffers
- Work with third-party advisory firms to enhance market intelligence and negotiation strategies
- Advise internal customers on negotiation plans, strategy, timing, and process steps
- Work with IT teams on supplier RFx requirements and supplier technology evaluations
- Partner with IT category procurement and supporting organizations
- Act as a category subject matter expert across functions, divisions, and geographic locations
- Engage internal customers and suppliers to resolve disputes and related matters
- Partner with finance to analyze deal financials and annual budget impact
- Achieve annual savings targets and assigned performance metrics
- Partner with finance, procurement, legal, and other matrix partners on negotiations and process improvement
- Establish demand forecasts for contract renewals and new initiatives
- Direct negotiations with supplier representatives
- Develop and administer supplier playbooks
- Deliver presentations and communications to IT service owners, Vice Presidents, and Senior Vice President
- Draft talking points for executive-level supplier discussions
- Support liaison roles with IT service owners and teams for procurement requests and contract completion targets
- Conduct regular supplier spend analysis to identify opportunities
- Maintain accurate forecasts and contract documents in the contract lifecycle management tool
Requirements
What you’ll need- Ability to simultaneously lead multiple initiatives while consistently meeting timelines and milestones
- Ability to accurately interpret complex contract language and summarize historical contracts
- Knowledge of demand management, project management, commercial contracting, technology licensing, and negotiation principles
- Understanding of cost and price analysis techniques
- Understanding of the unique aspects of technology sourcing
- Strong interpersonal, verbal, and written communication skills
- Fluent in the English language
- Well-developed collaboration skills and ability to reach consensus
- Functional leadership capability
- Analytical, problem solving, and project leadership skills
- Strong negotiation skills and ability to interpret, analyze, and negotiate commercial terms
- Bachelor’s degree or more than 5 years’ equivalent experience in a relevant area of study
- Extensive experience with IT sourcing and negotiations
- Visa sponsorship is not available
- Successful completion of a drug screen required
Benefits
Comp & perks- Day-one medical, dental, vision, RX, and 401K benefits
- Potential annual bonus
- Paid vacation days
- Paid holidays
- Medical, dental, and vision benefits
- Paid time off plan (Vacation, Holidays, Volunteer, etc.)
- 401(k) savings plans
- Health Savings Account (HSA)
- Flexible Spending Accounts (FSAs)
- Health Lifestyle Programs
- Employee Assistance Program
- Voluntary Benefits and Employee Discounts
- Career Development
- Incentive bonus
- Disability benefits
- Life Insurance
- Parental leave
- Adoption benefits
- Tuition Reimbursement