Vendor Manager
Job Description Template

Job Overview

Our company is looking for a Vendor Manager to help us with our purchasing requirements. You will be responsible for researching and identifying the vendors offering quality products and services. Also, you should be able to negotiate product pricing and finalize the right deal. 

Besides, you should be able to monitor sales trends and suggest improvement measures. You should be prompt and detail-oriented when solving any vendor issues. Additionally, you should possess excellent knowledge of the latest industry developments and consumer trends. 

To succeed in this job role, you should have good analytical and critical thinking skills. Your ability to effectively communicate workflow processes and policies with vendors will be an added advantage. 

If you have the skills and capabilities required for effective vendor management, then do get in touch with us. We would be glad to have you onboard!

Responsibilities

• Building and maintaining long-lasting relationships with vendors

• Reviewing new vendors and their products

• Negotiating product pricing and contracts with vendors

• Communicating product-related issues and concerns to vendors

• Researching new vendors in the market

• Monitoring sales trends to determine fastest selling products

• Developing and implementing vendor selection programs

• Communicating vendor responsibilities and obligations

• Establishing vendor performance standards and suggesting improvements

• Acting as an intermediary between vendors and stakeholders

• Coordinating all vendor management activities and processes

• Troubleshooting any vendor issues

• Suggesting vendor management processes, policies, and methods

• Updating, renewing, and canceling vendor contracts whenever needed

• Maintaining and updating all vendor documentation

• Participating in training programs and company events

• Updating contract terms of existing vendors

• Designing business guidelines for vendors

• Ensuring all vendor activities adhere to our company policies

• Altering external contract terms and conditions to suit current industry developments

Requirements

• Bachelor’s degree in Business Management, Business Administration, Supply Chain Management or equivalent

• Previous work experience as a Vendor Manager or in the Logistics department

• Excellent time management and organizational skills

• Strong analytical and negotiation skills

• Good research skills

• Basic computer skills

• Ability to multitask

• Good communication and interpersonal skills

• Having an eye for detail

• Quick decision making and problem-solving skills

• Ability to offer improved customer service