1. Find Vendors - Vendor managers research vendors to find the best products and prices available within a given market.
2. Establish Standards - Vendor managers establish standards and guidelines for vendors, monitoring vendors to ensure these policies are being followed.
3. Hire New Vendors - Vendor managers conduct interviews and meetings with new vendors.
4. Negotiate Contracts - Vendor managers negotiate new and existing vendor contracts.
5. Cultivate Relationships - Vendor managers cultivate and maintain relationships with vendors by communicating with them frequently to answer questions and check their satisfaction levels.
6. Monitor Sales Trends - Vendor managers monitor sales trends, noting which items are selling faster than others, and write reports displaying this data.
7. Attend Company Programs - Vendor managers attend company training programs and meetings.