Role: Vendor Manager / IT Contract Manager

Location: Wilmington, DE

The LYCRA Company has built a leading position in the Apparel industry over the years via a continuous stream of value-adding fiber, fabric, or garment innovations enabled and supported by a network of strategic partners across the entire value chain. This contributed to making the LYCRA® brand a unique asset that still powers today one of the most iconic and valuable corporate franchises in the Apparel industry. It is all reflected in our corporate vision: “enhancing life through innovative garment solutions.”

We are seeking a Vendor Manager, based in the Wilmington office, reporting directly to our Global VMO Leader.

Role:

Our global environment is fast-paced and continually evolving, and the candidate who will thrive in the role will be collaborative, curious, passionate, driven to create value, an outstanding communicator, and entrepreneurial in continually driving innovation. This opportunity exists at an exciting time for The LYCRA Company. We are a young, developing company – but with a long-established and definitively industry-leading premium product.

Job Responsibilities:

• Procurement and Sourcing Activities:
  1. Lead procurement activities including reviewing terms, conditions, and pricing for commercial and shrink-wrap software licensing, software maintenance, application, and managed services support.
  2. Negotiate professional services agreements and confidentiality agreements.
  3. Manage the signature and document management process for IT.
• Vendor Management:
  1. Lead RFP and competitive vendor processes.
  2. Oversee formal contractual notices and serve as the key contact for software audits to support license compliance.
  3. Ensure software licenses and services are leveraged locally, regionally, and globally.
• Contract Management:
  1. Understand and manage software license and support agreements, including terms, conditions, and pricing.
  2. Align software purchases with IT architecture strategies and specifications.
  3. Construct purchase deals to save costs and ensure beneficial agreement terms and options.
  4. Keep connected parties informed of the status of activities.
  5. Run software audit processes to minimize costs, close gaps, and ensure compliance.
• Strategic Support:
  1. Support strategic projects to ensure they align with timelines and priorities.
  2. Review agreements and other documents such as DMFs and RFPs for projects.
  3. Maintain IT business records related to purchasing and contracting matters.
  4. Ensure a strong, qualified, and competitive supplier base is available and relationships are maintained
• Non-Disclosure Agreements (NDAs):
  1. Ensure NDAs are in place and sign US IT NDAs.

Additional Roles:

• IT Software and Services Renewal Manager:
  1. Manage the periodic cycle for subscriptions, software and hardware maintenance, TCOMM, and services for IT.
• IT Budget and Spend Tracker:
  1. Manage spend tracking and ensure controls are in place.
  2. Collaborate with Treasury on cash flow forecasts and Accounting on prepaid items.
• IT Procurement:
  1. Manage IT vendor billing, data maintenance, and metric reporting.
  2. Create purchase orders and lead industry code approval in MDG Vendor Setup workflow.
  3. Resolve vendor billing disputes and invoice exceptions quickly and with integrity.
  4. Manage IT Vendor onboarding processes

Required Qualifications:

• Bachelor’s degree in Information Technology, Business Administration, or a related field.
• Proven experience in IT vendor management, procurement, and contract negotiation.
• Strong understanding of software licensing, maintenance agreements, and IT procurement processes.

Preferred Education and Experience:

• Prior exposure to IT contract language and terms.
• Excellent negotiation, communication, and organizational skills.
• Proficiency in SAP (and ARIBA) or similar ERP systems preferable.
• Ability to manage multiple tasks and projects simultaneously

Compensation/Benefits

• We offer a competitive salary and an excellent benefits package.

The LYCRA Company innovates and produces fiber and technology solutions for the apparel and personal care industries. Headquartered in Wilmington, Delaware, The LYCRA Company is recognized worldwide for its innovative products, technical expertise, and unmatched marketing support. The LYCRA Company owns leading consumer and trade brands: LYCRA®, LYCRA HyFit®, LYCRA® T400®, COOLMAX®, THERMOLITE®, ELASPAN®, SUPPLEX®, and TACTEL®. The LYCRA Company’s legacy stretches back to 1958 with the invention of the original spandex yarn, LYCRA® fiber. Today, The LYCRA Company focuses on adding value to its customers’ products by developing unique innovations designed to meet the consumer’s need for comfort and lasting performance. For more information, visit www.thelycracompany.com.

We are an equal opportunity employer. All applicants will be considered for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.