What does a Vendor Manager do?
Published 3 min read
A vendor manager is responsible for the selection, negotiation, and management of vendor contracts. They work with vendors to ensure that products and services are delivered on time and within budget. They also develop and maintain relationships with vendors, and resolve any issues that may arise.
Vendor Manager job duties include:
- Research and evaluate potential new vendors
- Manage vendor relationships and performance
- Negotiate contracts and pricing with vendors
- Develop and implement vendor management policies and procedures
- Monitor vendor compliance with contractual obligations
- Resolve vendor issues and disputes in a timely manner
- Coordinate vendor onboarding and orientation processes
- Maintain up-to-date knowledge of industry trends and developments
- Prepare reports on vendor performance for senior management
Vendor Manager Job Requirements
There is no one specific path to becoming a vendor manager, but most likely it will involve completing a degree in business administration or a related field. In addition, experience working in procurement, supply chain management, or a similar role is essential. Certification from a professional organization such as the American Purchasing Society may also be beneficial.
Vendor Manager Skills
- Negotiation
- Communication
- Organization
- Time Management
- Budgeting
- Research
- Contract Management
- Supplier Management
- Risk Management
- Problem Solving
- Change Management
Related: Top Vendor Manager Skills: Definition and Examples
How to become a Vendor Manager
A vendor manager is responsible for maintaining relationships with vendors and suppliers, and ensuring that they provide the best possible products and services to the company. They work closely with purchasing managers to negotiate contracts, prices, and terms of service.
To become a vendor manager, you will need at least a bachelor's degree in business administration or a related field. Experience in purchasing or supply chain management is also helpful. Strong communication, negotiation, and problem-solving skills are essential.
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