The Vendor Manager will be responsible for developing and owning the strategy for a category and working with a high performing vendor management team. Within this role the individual will have the opportunity to establish and maintain strong vendor partnerships, manage category profitability, optimize pricing, and identify means to improve the customer experience. This is a seasoned business leader with a broad skill set which demonstrates analytical capability, excellent business judgment, strong vendor management and negotiations skills, deep curiosity to uncover how things work.
Roles and Responsibilities
Vendor Managers are responsible for managing inputs (selection, in-stock), category or brand financials, pricing and promotion management, auditing and analysis of data at granular levels, vendor escalations and concise communications.
Dive Deep into inputs and understands the downstream impact of changes to pricing, selection, and convenience for multiple subcategories.
Owns the P & L for multiple brands/subcategories; develops plans that drive revenue and margin improvement
Creates strategic and prioritized vendor business plan that maximizes margins and customer experience
Growing selection, improving terms and cost structures, building long-term relationships with vendors for the sub-categories/brands assigned
Focuses on strategic holdout or challenging vendors to increase selection
Drives strategic negotiations to deliver top- and bottom-line category growth for sub-categories/brands
Creates opportunities for growth, customer acquisition for multiple sub-categories
As such:
Vendor Managers are expected to demonstrate customer and category knowledge, be an advocate for a quality customer experience, and understand the competition and industry
Vendor Managers are responsible for long term growth opportunities and risk identification, planning, communication and partnering with internal teams
Vendor Managers are expected to demonstrate a deep understanding of tools and become advocates for tool enhancements
Vendor Managers are responsible for knowledge management, development of self and others, and recruiting
Requirements
Technical Skills:
Proficiency in Excel, Proven analytical skills and highly numerate
Proven Negotiation Skills
Proven experience leading teams & cross-functional projects
Influencing abilities and vendor management experience
Ability to think and react in a high-energy, fast-paced environment
Ability to operate simultaneously and effectively in both tactical and strategic modes
A willingness to roll up sleeves to get things done
The position requires an individual who can work autonomously in a demanding and often ambiguous environment, with strong attention to detail and effective prioritization
Educational Qualifications:
* MBA/ PGDM from IIM Ahmedabad, Bangalore, Calcutta, Lucknow, XLRI, ISB, FMS, and similar institutes.
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