Product Procurement Manager

Transaction Network Services•Reston, VA

22h

About The Position

An extraordinarily talented group of individuals work together every day to drive TNS' success, from both professional and personal perspectives. Come join the excellence! Overview The Vendor management is responsible for the acquisition and delivery of raw materials, components and parts that together form the “end product.” Includes acquisition of goods at the right time, quantity, quality, and cost. Responsibilities Overall Objective: The Product Procurement Manager for the Payments Market division is responsible for leading the procurement lifecycle of our existing and new GTM products & services. The role is focused on ensuring cost-effective sourcing, supplier performance, and alignment with organizational goals and product strategy/ roadmap. This role involves strategic sourcing, supplier negotiations, and collaboration with stakeholders to ensure existing and new products and services meet quality, delivery, and budget expectations. Strategic Sourcing & Category Management Develop and implement sourcing strategies for PAY product & services categories to optimize cost, quality, and supply continuity. Conduct market intelligence and benchmarking to identify sourcing opportunities. Manage category spend and supplier portfolios to drive value and innovation. Draft, review, negotiate, and manage procurement contracts and service agreements. Ensure contracts are compliant with legal, regulatory, and company standards. Supplier & Cost Management Identify, evaluate, and onboard suppliers in alignment with business needs. Build and maintain strong supplier relationships to ensure performance and reliability. Lead supplier performance reviews and continuous improvement initiatives. Generate reports on contract status, spend analysis, and compliance metrics. Provide insights and drive initiatives to improve procurement efficiency and deliver cost savings. Procurement Operations For PAY supplier partners, lead negotiations, ensure legal alignment, manage renewals and terminations Manage end-to-end procurement processes including RFx, negotiations, and purchase order approvals. Collaborate with internal teams (e.g., Product, Finance, Legal, Operations) to ensure procurement aligns with operational and commercial requirements. Monitor and report on agreed KPIs, savings, and compliance metrics. Contract & Supplier Risk & Compliance Ensure procurement activities comply with company policies, legal standards, and ethical sourcing practices. Identify and mitigate risks related to supply chain disruptions, pricing volatility, and supplier reliability. Plan PAY Product lifecycle management including monitoring, contingency plans Work with PAY Suppliers to improve their risk posture.

Requirements

More than 5 years’ international procurement or vendor management experience in B2B technology, communications and/or payments industry.
Familiarity with global sourcing practices and principles, including running RFx processes.
Well-developed knowledge of procuring, contracting and managing suppliers across different categories.
Experience in aligning procurement strategies with business and product roadmap goals, for existing and new products/ services, in close collaboration with Product Management and Operations.
Ability to provide direction and leadership to foster a collaborative team environment.
Experience in cost modeling, budgeting and financial analysis related to our GTM products and services
Proven skills in delivering against budget and managing senior stakeholders.
Strong commercial acumen and ability to think globally.
Ability to analyze spend data, supplier performance and market/ competitor trends.
Managing procurement projects for existing and new products & services, in alignment with our GTM strategy.
Attention to detail around all documentation, adherence to all compliance and business reporting.

Responsibilities

Lead the procurement lifecycle of our existing and new GTM products & services.
Ensuring cost-effective sourcing, supplier performance, and alignment with organizational goals and product strategy/ roadmap.
Strategic Sourcing & Category Management Develop and implement sourcing strategies for PAY product & services categories to optimize cost, quality, and supply continuity.
Conduct market intelligence and benchmarking to identify sourcing opportunities.
Manage category spend and supplier portfolios to drive value and innovation.
Draft, review, negotiate, and manage procurement contracts and service agreements.
Ensure contracts are compliant with legal, regulatory, and company standards.
Supplier & Cost Management Identify, evaluate, and onboard suppliers in alignment with business needs.
Build and maintain strong supplier relationships to ensure performance and reliability.
Lead supplier performance reviews and continuous improvement initiatives.
Generate reports on contract status, spend analysis, and compliance metrics.
Provide insights and drive initiatives to improve procurement efficiency and deliver cost savings.
Procurement Operations For PAY supplier partners, lead negotiations, ensure legal alignment, manage renewals and terminations Manage end-to-end procurement processes including RFx, negotiations, and purchase order approvals.
Collaborate with internal teams (e.g., Product, Finance, Legal, Operations) to ensure procurement aligns with operational and commercial requirements.
Monitor and report on agreed KPIs, savings, and compliance metrics.
Contract & Supplier Risk & Compliance Ensure procurement activities comply with company policies, legal standards, and ethical sourcing practices.
Identify and mitigate risks related to supply chain disruptions, pricing volatility, and supplier reliability.
Plan PAY Product lifecycle management including monitoring, contingency plans Work with PAY Suppliers to improve their risk posture.

Benefits

TNS offers a competitive benefit package including medical and dental coverage, life insurance, paid holidays and vacations, and a 401K plan with company match.

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