Vendor Manager Job Description
Vendor Manager Duties & Responsibilities
To write an effective vendor manager job description, begin by listing detailed duties, responsibilities and expectations. We have included vendor manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Vendor Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Vendor Manager
List any licenses or certifications required by the position: HA, ITIL, PMP, OEM, ASE, MECP, LEED, BOMA, VMO, COPC
Education for Vendor Manager
Typically a job would require a certain level of education.
Employers hiring for the vendor manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Engineering, Finance, Management, Education, MBA, Marketing, Business/Administration, Accounting, Technical
Skills for Vendor Manager
Desired skills for vendor manager include:
Desired experience for vendor manager includes:
Vendor Manager Examples
Vendor Manager Job Description
- Identifying, signing, and on-boarding new vendors to build out product selection
- Act as a ‘business owner’ for your categories, possessing a complete understanding of internal and external variables that impact your business
- Develop a thorough understanding of the industry, seasonality and global trends/events, and continually monitor competitor/industry developments
- Conduct financial analysis of business opportunities to meet and exceed revenue and profitability goals
- Develop and manage cost data reporting other internal-facing reports
- Manage vendors and internal processes in daily operative tasks
- Drive overall improvements to the Sports Apparel customer experience
- Serve as subject matter expert (SME) on vendor functions, usage, user demand and other criteria
- Manage all aspects of investments-related vendor contracts ensuring accurate record keeping and contract compliance
- Collaborate and build strong relationships across Investments and other departments
- Provide input into strategic planning, then implement strategic direction across all relevant business units, and lines of business, including application of agreed vendor management governance
- Develop and retain in-depth knowledge and expertise of market place and industry developments pertaining to vendor relationship(s), category and business requirements
- Remain apprised of all risk related policies and ensure business and vendor compliance in collaboration with other vendor management teams and business stakeholders as applicable
- Support the vendor selection process, contribute to the strategic planning and vendor analysis by drawing on knowledge of the supply market and previous vendor experience
- Support sourcing strategies designed to standardize/centralize purchasing, reduce total cost of goods and services, reduce the supplier base, manage demand, or improve internal controls
- Manage and track contractual amendments understanding the commercial benefits and associated risks and facilitate approval process involving appropriate stakeholders
Vendor Manager Job Description
- Communicates with the BU leaders regularly, provides feedback on performance monthly, quarterly and annually via performance reviews/QBR’s
- Identify and implement continuous enhancements and efficiencies associated with vendor service delivery
- Lead by example and operate with the Core Values in mind in each interaction with Talent Acquisition team, TMX/HR, business partners, external vendors and leadership
- You will place purchase orders with suppliers and act as the owner of the entire process
- You will be responsible for the Relationships with the vendor
- You will proactively lead ongoing financial and governance control
- You will identify, assess, escalate, monitor, control and report on contractual risks and issues and drive for resolution
- You will effectively communicate with all program managers (customer, delivery, vendors)
- You will resolve conflicts between all parties, managed and monitor escalations
- Leading the day-to-day procurement activities, while focusing on the tactical level
- Self-starter, customer/employee experience focused
- Real estate market knowledge including benchmarking and best practices
- Understanding of call center best practices, forecasting/scheduling, call routing, and ACD/telecom/CRM applications is preferred
- 5-7 years of relevant experience to include prior technology vendor management (hardware\software\services) and contract experience
- Process oriented with an outstanding ability to organize and track progress throughout the procurement lifecycle while keeping all key stakeholders informed
- Ultimately responsible for delivery of effective vendor relationship
Vendor Manager Job Description
- Assists in updating applicant tracking database and processes paperwork
- Performs other related duties or projects as required
- Maintain up to date vendor records and vendor database
- Compile contract documentation and work with vendors to complete the contract process
- Build and submit surveys for vendors
- Build reports in iCIMS (ATS) for tracking and auditing of vendor program
- Manage ongoing vendor relationship for compliance and performance to company standards and build vendor strategy to aligns internal initiatives and forecasts to 3rd parties
- Manage vendor operational performance performance linked to service levels and contracts
- Understand contractual obligations and ensure compliance by monitoring performance and engagement levels
- Document vendor specific KPIs, SLAs and SLOs and publish monthly and quarterly reporting
- Knowledge and/or previous experience within the industry preferred
- Negotiating best-in-class vendor terms, costs, and inventory arrangements
- Experience in buying or operations functions, e-commerce, retail
- Passionate self-starter, decisive and able to move with speed to implement idea
- Bias for action and results oriented mentality, combined with ability to work in a demanding but collegial environment where teamwork is a must
- 4 to 6 years of professional experience in a related field
Vendor Manager Job Description
- Define and utilize door-level scorecard to monitor Asurion performance in the Area
- Manage “Open Order” reports
- This includes reports from NAPA along with internal Open Order reports and Canada 50 day Open Order Reports
- Act as the senior point of contact for assigned vendor relationships, enhancing communication between vendors and internal business owners impacted by the vendor relationship
- Maintain a clear understanding of how all internal business owners are impacted by the executed contract
- Retain a structured internal governance framework to ensure effective oversight of the vendor relationship
- Provide guidance to the internal business owners and other key stakeholders to ensure responsibilities outlined within the Vendor Risk Management Program are fully understood
- Help ensure strong oversight of all risks related to the vendor and provide internal business owners visibility of existing and emerging risks
- Participate in the assessment of vendor risk, develop mitigation plans and assign monitoring responsibilities
- Complete all risk and performance assessments, other due diligence requirements, after collecting input from internal business owners
- Experience communicating with vendors, improving product information and executing co-op agreements
- A mix of business and program mgmt experience including P&L responsibility and proven track record of success defining and delivering innovative big ideas to drive long term results
- Decisive, confident, and experience with influencing other senior leaders
- Experience with managing risk management activities and ensuring both service and quality levels are adequately maintained
- A college degree in a related field of study or major is preferred
- Manages multiple vendor relationships that are significant in scope, complexity, and criticality
Vendor Manager Job Description
- Create and maintain dashboards and reporting for each vendor
- Participate in conversations with regulators, Internal Audit and Compliance, as appropriate
- Ensure invoices from the vendor are reviewed by the appropriate internal business owners and are billed in accordance with the terms and conditions of the contract
- Conduct required reviews of SOC reports
- Ensure the products provided by the vendor are in compliance with regulatory guidelines
- Receive notification of new products and services from the vendor and decision whether or not they will would benefit the Bank
- Identify training needs related to the products or services provided by the vendor
- Coordinate requirements and responsibilities related to updates and upgrades
- Provide oversight related to application versioning and software upgrades
- Create and oversee Change Management requests
- Advanced PowerPoint skills (tables, graphs)
- PowerPoint knowledge and presentation skills required
- A background in merchandising, product management, project management, vendor management, financial analysis and/or marketing
- Familiarity with finance and accounting principles, budgeting, accounts payable, accrual methodologies
- Provides direction to analysts based on projects
- Graduate degree (business, statistics, math, economics, marketing)