Vendor managers research vendors to find the best products and prices available within a given market.
2) Establish Standards
Vendor managers establish standards and guidelines for vendors, monitoring vendors to ensure these policies are being followed.
3) Hire New Vendors
Vendor managers conduct interviews and meetings with new vendors.
4) Negotiate Contracts
Vendor managers negotiate current and existing vendor contracts.
5) Cultivate Relationships
Vendor managers cultivate and maintain relationships with vendors by communicating with them frequently to answer questions and check their satisfaction levels.
6) Monitor Sales Trends
Vendor managers monitor sales trends, noting which items are selling faster than others, and write reports displaying this data.
7) Attend Company Programs
Vendor managers attend company training programs and meetings.
FUNCTIONAL AREA
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