Vendor Account Manager 04D25

The Vendor Account Manager is a critical role within our organization where you will be responsible for managing and cultivating relationships with our vendors to ensure mutual success and growth. This strategic position requires an individual who has exceptional communication and negotiation skills. You will be representing our company in discussions with vendors, facilitating contract negotiations, and ensuring that both parties derive maximum value from the partnership. Your role involves overseeing the performance of vendors, aligning their offerings with our business goals, and troubleshooting any issues that arise. The ideal candidate will possess a strong background in vendor management, excellent project management skills, and an ability to understand the complexities of vendor agreements. If you are a goal-oriented professional with a knack for building and maintaining long-term partnerships, this is the perfect opportunity for you to take your career to the next level.

Responsibilities

• Develop and maintain strong relationships with existing and new vendors.
• Conduct regular reviews of vendor performance and offerings in alignment with business goals.
• Negotiate contracts and agreements that benefit both the organization and the vendor.
• Collaborate with internal teams to ensure vendor services meet business requirements.
• Identify opportunities for cost savings and efficiency improvements through vendor partnerships.
• Manage vendor onboarding processes, ensuring smooth integration with company systems.
• Coordinate and facilitate regular meetings to discuss vendor performance and expectations.
• Monitor industry trends to leverage new vendor opportunities and partnerships.
• Address and resolve any vendor-related issues or discrepancies swiftly and effectively.
• Ensure compliance of vendors with company policies and legal requirements.
• Prepare and present reports on vendor activities, performance, and contract status.
• Support cross-departmental communication to maximize the value of vendor relationships.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain, or related field.
• At least 3 years of experience in vendor management or account management roles.
• Excellent negotiation and contract management skills are necessary.
• Strong analytical skills with the ability to assess vendor performance critically.
• Exceptional communication and interpersonal skills for vendor relationship management.
• Proven problem-solving skills and the ability to handle complex vendor issues.
• Proficiency in vendor management software or CRM tools is preferred.
• Ability to work independently as well as collaboratively in a team setting.
• Strong organizational skills with the ability to multitask and prioritize effectively.