Vendor Management Job Description

February 20, 2014 | By More

Vendor Management Job Profile and Description

Vendor management job profiles are difficult to define as well as crucial to perform. The task of a vendor manager is to make sure that a company has got all the necessities that it requires for its smooth and efficient functioning.  It is there duty to make sure that the company has got all required things both in the office and at the manufacturing line.

Vendor managers also play an essential role in a company by working along with the management team and the budgeting officers, helping in the management and control over the stock levels of the company. They are responsible for the fact that the company only pays an appropriate amount for the tools and equipment required.

Vendor Management Duties and Responsibilities

The duties and responsibilities of a vendor manager include:

  • It includes taking care of all the requirements of the company, staff and manufacturing line etc.
  • A vendor manager also has to maintain a healthy professional relationship with the supplier of the company. He is sole responsible for the quality and price of the bought resources.
  • It is the duty of the vendor manager to make sure that the price demanded for fulfilling the needs of the company is appropriate. It’s his duty to keep a check and control on the finances being used by the company on resources.
  • He requires maintaining a routine communication with the management and financing department of the company to discuss various issues and requirement. It is his/her duty to convince them for allocating funds for various requirements.

Vendor Management Skills and Specifications

The skills and specifications that are required for becoming a successful Vendor manager include:

  • Good communication and interpersonal skills are the ‘must’ required factors for the job and vendor manager should also be efficient to convince others.
  • A vendor manager should also possess effective decision making skills.
  • This job also required a lot of experience and a good problem solver instinct.

Vendor Management Education and Qualification

The education and qualification requirements for vendor management are as follows:

  • He/ she must hold a graduate’s degree with supply chain management background.
  • A graduate’s degree in finance, business, statistics, economics and vendor management can also be helpful in grabbing this job.
  • Person who holds a certificate for learning the vendor management software is always preferred above all.

Vendor Management Salary

A vendor manager can expect to get an annual salary of $50,000-65,000 depending on the size and type of firm he/she is working for.

Category: Management Job Descriptions

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