 Building and maintaining long-lasting relationships with vendors

 Reviewing new vendors and their products

 Negotiating product pricing and contracts with vendors

 Communicating product-related issues and concerns to vendors

 Researching new vendors in the market

 Monitoring sales trends to determine fastest selling products

 Communicating vendor responsibilities and obligations

 Establishing vendor performance standards and suggesting improvements

 Acting as an intermediary between vendors and stakeholders

 Coordinating all vendor management activities and processes

 Suggesting vendor management processes, policies, and methods

 Updating, renewing, and canceling vendor contracts whenever needed

 Maintaining and updating all vendor documentation

 Participating in training programs and company events

 Updating contract terms of existing vendors

 Designing business guidelines for vendors

 Ensuring all vendor activities adhere to our company policies

 Altering external contract terms and conditions to suit current industry developments