What are the responsibilities and job description for the Vendor Management Manager position at Watterson?
Job Type
Full-time
Description
Position Summary
The Vendor Management Manager is expected to be a conceptual thinker with superb organizational and time management skills. They are responsible for managing relationships with the company's vendors and overseeing vendor procurements and contracts. They will actively pursue and secure a wide network of new vendors to assist with the growth of company operations. They will also display outstanding communication skills, with an aptitude to understand and interpret data while monitoring vendors to ensure compliance with company policies, identifying potential cost savings, and informing new vendors of their responsibilities. Top candidates have a deep understanding of industry standards and regulations, as well as proficiency with enterprise resource planning (ERP) systems.
Key Responsibilities
- Developing and sustaining long-standing relationships with company-approved vendors.
- Meeting with suitable vendors to assess their products, inquire about their services, negotiate pricing, and communicate any product or service-related concerns.
- Monitoring and analyzing market trends and researching industry suppliers to determine best pricing and service / product quality.
- Continually monitoring sales trends to determine which services / products are more popular than others.
- Implementing vendor selection programs to ensure that the best vendors are secured.
- Conducting interviews with new vendors and informing approved vendors of their responsibilities and obligations.
- Establishing standards by which to assess the performance of approved vendors.
- Providing regular reports to relevant stakeholders on vendor performance, cost analysis, and other key metrics.
- Evaluating current vendor management programs against agreed-upon standards, and improving them, if necessary.
- Assessing potential risks associated with vendor relationships, including financial stability, regulatory compliance, and operational disruptions.
Skills / Traits / Competencies
The successful and eligible candidates will receive a competitive compensation package that includes : health, dental, vision, life and AD&D, voluntary life, short-term and long-term disability, accident, critical illness insurance, hospital indemnity plan, employee assistance program, company-sponsored 401K retirement plan, holidays, cell phone stipend, and paid time off (PTO). Watterson is an E-Verify and Equal Opportunity Employer. Watterson conducts background checks as part of our hiring practices.
Requirements
Experience / Education / Qualifications
Salary Description
90,000-120,000
Salary : $90,000 - $120,000
