Vendor Manager job description
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What does a Vendor Manager do?
The Vendor Manager is responsible for coordinating with suppliers to ensure the timely delivery of quality goods and services. This role supports operational efficiency by developing strong supplier relationships and identifying cost-saving opportunities to enhance company profitability.
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What are the Key Responsibilities of Vendor Manager
- Develop and maintain relationships with key suppliers.
- Negotiate contracts and terms with vendors to secure best pricing.
- Regularly evaluate vendor performance, ensuring compliance with project requirements.
- Resolve any supplier-related issues and disputes.
- Collaborate with internal departments to understand procurement needs.
- Conduct market research to identify potential new vendors.
- Ensure timely delivery of goods and services within budget.
What are the Skills and Requirements for a Vendor Manager?
- Strong negotiation and contract management skills.
- Proficient in supply chain management software.
- Excellent communication and relationship-building skills.
- Analytical mindset with attention to detail.
What are the KPIs to track for Vendor Manager?
The Vendor Manager's performance is evaluated based on supplier performance metrics, negotiated cost savings, and improvement in supply chain efficiency, ensuring timely and within-budget project delivery.
Cost Savings
Achieve and maintain cost reductions through successful negotiations.
Supplier Performance
Maintain high supplier performance ratings.
Delivery Timeliness
Ensure timely delivery of goods and services to meet project timelines.
Reports to
Procurement Director
Collaborates with
Operations Team, Finance Department
Leads
Vendor Analyst
Are any specific tools or software required for the Vendor Manager role?
- SAP Ariba
- Oracle Procurement Cloud
- Coupa
What is the qualification of Vendor Manager?
Bachelor's degree in Supply Chain Management, Business, or related field; 3-5 years of experience in vendor management.
