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Vendor Development Manager Jobs in Michigan (NOW HIRING)

... Solution Development Manager for Digital Transformation (DT) program is responsible for ... Maintain relationship with vendors and leverage it to drive programs and hold vendors accountable ...

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Vendor Development Manager information

What is a vendor development manager?

Vendor Development Managers are professionals responsible for identifying, evaluating, and managing relationships with suppliers or vendors to ensure the organization receives quality goods and services at competitive prices. They work to develop and maintain strong partnerships with vendors, negotiate contracts, and monitor vendor performance. Their role is crucial in optimizing supply chain efficiency, reducing costs, and ensuring that vendors meet the company’s standards and requirements.

What are the key skills and qualifications needed to thrive as a vendor development manager?

To thrive as a Vendor Development Manager, you need expertise in supplier relationship management, procurement strategies, and a background in business administration or supply chain management. Familiarity with procurement software (such as SAP Ariba or Oracle Procurement), contract management systems, and relevant certifications like CPSM or CSCP are highly valued. Strong negotiation, analytical thinking, and interpersonal communication skills set top performers apart in this role. These abilities ensure effective vendor partnerships, cost efficiency, and seamless supply chain operations.

What are some common challenges vendor development managers face when onboarding new suppliers?

Vendor Development Managers often encounter challenges such as aligning supplier capabilities with company quality and compliance standards, managing communication across different cultures and time zones, and ensuring timely delivery of products or services. Building trust and transparency with new vendors can require extra effort, particularly in highly regulated industries. Proactive relationship management and clear onboarding processes are essential to address these challenges and foster long-term, mutually beneficial partnerships.

What is the difference between Vendor Development Manager vs Procurement Specialist?

AspectVendor Development ManagerProcurement Specialist
CredentialsBachelor's degree in Business, Supply Chain, or related field; experience in vendor managementBachelor's degree in Business, Supply Chain, or related field; purchasing certifications often preferred
Work EnvironmentFocuses on building vendor relationships, negotiating contracts, and developing new suppliersHandles purchasing activities, sourcing, and order processing
Employer & Industry UsageCommon in manufacturing, retail, and logistics companiesUsed across various industries including manufacturing, retail, and government agencies
Search & Comparison IntentPeople compare to understand vendor management roles and responsibilitiesOften compared to understand procurement processes and sourcing strategies

The Vendor Development Manager primarily focuses on developing and managing vendor relationships, negotiating contracts, and expanding supplier networks. In contrast, the Procurement Specialist handles purchasing activities, sourcing, and order fulfillment. Both roles are essential in supply chain management but differ in scope and responsibilities.

How much does a vendor development manager earn?

A vendor development manager's salary typically ranges from $70,000 to $130,000 annually, depending on experience, industry, and location. Senior roles or those in large organizations may offer higher compensation, often including bonuses and benefits.

What are popular job titles related to Vendor Development Manager jobs in Michigan?

For Vendor Development Manager jobs in Michigan, the most frequently searched job titles are:

Infographic showing various Vendor Development Manager job openings in Michigan as of August 2026, with employment types broken down into 1% As Needed, 78% Full Time, 15% Part Time, 2% Temporary, 3% Contract, and 1% Nights. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution.

Senior Corporate Development Manager

Stout Risius Ross, LLC

Detroit, MI • On-site, Remote

Full-time

Re-posted 4 days ago


Job description

At Stout, we're dedicated to exceeding expectations in all we do - we call it Relentless Excellence . Both our client service and culture are second to none, stemming from our firmwide embrace of our core values: Positive and Team-Oriented, Accountable, Committed, Relationship-Focused, Super-Responsive, and being Great communicators. Sound like a place you can grow and succeed? Read on to learn more about an exciting opportunity to join our team.

Stout is a Global Investment Bank and Advisory firm that received investment from Audax Private Equity in November 2021. We have an ambitious growth plan which will include targeted M&A. This role will support the CFO and Deal team(s) to successfully diligence and integrate new firms onto the Stout platform.

Major Duties and Responsibilities:

Deal Sourcing - 5%

  • Support the growth team in preparing "Why Stout" materials for prospective targets

Deal Analysis - 10%

  • From initial target financial information

    • Create high level analysis to inform deal team of target viability

    • Create question lists / areas for deal team to investigate with target management

Financial Modeling and Valuation - 10%

  • From initial data request

    • Partner with Director of FP&A and Deal team to create deal specific financial model

    • Analyze synergy opportunities

    • Create Investment Committee Presentation to inform offer terms, implied value and LOI

    • Support process to present Stout offer in a compelling format for target management and shareholders

      • TEV, Rollover Equity, Equity Growth Plan

Deal Diligence / Project Management - 40%

  • From LOI Acceptance to close, support business line COO

    • Support/lead cross functional diligence activities on target firms

      • Open and Manage Virtual Data Room

      • Manage and coordinate Data Request Lists

      • Manage and coordinate Diligence Processes and vendors for

        • Tax and Finance

        • Human Resources

        • Legal

        • Business

        • Marketing

      • Lead weekly deal tracking and process updates through to successful close within 90 days of LOI being accepted.

    • Monitor and synthesize data provided during diligence process; apply learnings and findings to investment case throughout the diligence process

    • Summarize financial and business trends for investment committee and COO during diligence process.

Integration - 20%

  • Partnering with COO teams

    • Create detailed integration plans

    • Form part of integration task force for Day -30 to Day 100

Miscellaneous Tasks - 15%

  • Support CFO with

    • Financial updates for Audax or current PE Sponsor

    • Prepare Quarterly Board Updates on

      • Deal Pipeline

      • Deal Processes

      • Post Close Performance

Knowledge, Skills & Abilities:

  • Bachelor's Degree required, preferably in Operations, Business, Finance, or Economics

  • Project Management Discipline - PMP

  • 5+ years of experience in Investment Banking, Corporate Development or Financial Due Diligence

  • Highly Skilled in PowerPoint, Excel and Project Management Tools MS Project / SmartSheet

  • Strong analytical skills, with extreme attention to detail, accuracy and accountability balanced with sound business judgment

  • Very organized, able to work on multiple projects effectively at the same time

  • Excellent professional written/verbal communication and interpersonal skills

  • Bias toward proactive communication

  • Ability to become a trusted liaison to senior management and board members

  • Proficient in MS Office Suite; Highly proficient in Excel and PowerPoint

  • Proven ability to be flexible and work hard, both independently and in a team environment, in a high pressure on-call environment with changing priorities

#LI-CM2

Why Stout?

Our goal is to provide a comprehensive Total Rewards program that includes competitive compensation, benefits & wellness programs that allows employees to choose what's most important to them at any life stage. At Stout, we are committed to the personal and professional development of our employees while fostering a diverse and inclusive environment.

Stout Culture: We honor the fundamental value and dignity of all individuals. We are committed to representing and including the unique experiences, perspectives, and backgrounds of our people, partners, and the communities we serve. Our core values embrace a culture of inclusion and the equitable treatment of all team members, starting with Stout's leadership and spreading across the organization. We strive to recruit, develop, and retain individuals with an array of talents, ideas, and experiences that propel the entrepreneurial spirit and exceptionalism that drive our success. To learn more about our commitment to diversity, equity, and inclusion, click here.

Professional Development: To foster employee development we offer ongoing training and learning opportunities, employee resources groups, mentorship programming, and professional designation reimbursement. We believe in timely and proactive performance excellence, ongoing 360 feedback, clear performance expectations at each level, and quarterly check-ins with your manager ensure you are supported and growing your career.

Stout Benefits : Stout offers a variety of benefits to meet the ever-changing needs of our employees throughout their career at Stout. View our Benefits page to see what this can look like for you.

Flexible Work Schedules: Work-life balance is important to us and we want our employees to have balanced lives, which is why we have a discretionary time off policy for all salaried exempt employees. This gives you the ability to take time off as appropriate.

The specific statements shown in each section of this description are not intended to be all-inclusive. They represent typical elements and criteria necessary to successfully perform the job.

Stout is an Equal Employment Opportunity / Affirmative Action employer.All qualified applicants will receive consideration for employment on the basis of valid job requirements, qualifications and merit without regard to race, color, creed, religion, sex (including pregnancy), sexual orientation, gender identity, national origin, physical or mental disability, age, protected genetic information, protected veteran status or any other characteristic protected by applicable local, state or federal law.Stout values a diverse workforce and strongly encourages women, people of color, members of the LGBTQ+ communities, veterans, people with disabilities and members of other underrepresented communities to apply.

Interested in joining a rapidly growing group of bright, ambitious professionals in a work environment that values culture, diversity, and personal growth? Stout might just be the right place for you.