Vendor Manager 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 Developing and implementing vendor selection programs 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 Troubleshooting any vendor issues 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