What Is a Vendor Manager and How to Become One
Table of Contents
What Is a Vendor Manager?
A vendor manager orders products from various suppliers. Their job duties include selecting different services, negotiating contracts, and evaluating performance. They also manage relationships with different vendors, keep accurate documentation, resolve problems and issues, and streamline these processes. This career requires problem-solving and creative thinking skills. Additional qualifications may include prior work experience and a bachelor’s degree in business or a related field.
What Qualifications Do You Need to Be a Vendor Manager?
The primary qualifications for this position are a bachelor's degree and five or more years of experience in a field like buying, product management, or project management. Employers prefer applicants who have a master's degree, several years of negotiation experience, a record of results, and the demonstrated ability to manage multiple projects. Fulfilling the duties and responsibilities of a vendor manager requires the ability to negotiate and understand a contract, the ability to analyze a cost-benefit analysis, interpersonal skills, and the ability to work closely with senior executives. Vendor managers are also expected to resolve disputes and search for mutually beneficial outcomes, and any history of doing so can help you stand out from other applicants.
Vendor Manager Job Description Sample
With this Vendor Manager job description sample, you can get a good idea of what employers are looking for when hiring for this position. Remember, every employer is different and each will have unique qualifications when they hire for a Vendor Manager role.
Job Summary
We have an immediate opening for a Vendor Manager to oversee our vendor relationships. Your primary responsibilities will be to analyze current vendor performance and determine which ones work in the best interest of the company. You will terminate contracts when necessary, then research new vendors and establish relationships to ensure a smooth transition. Because you are the primary contact for our vendors, all applicants must have at least three years of experience in vendor services or a customer service role.
Duties and Responsibilities
- Review current vendors and analyze if they meet current company needs
- Cancel contracts with vendors that are no longer needed
- Research and establish relationships with new vendors when necessary
- Organize and track all documentation between the company and vendors
- Resolve vendor disputes or issues quickly and efficiently
Requirements and Qualifications
- High school diploma or equivalent; some college preferred
- 3+ years of experience in vendor services or a customer service role
- Excellent analytical, organizational, and communication skills
- Proficient with Microsoft Office
- Must be able to work independently
