Director of Vendor Management

Career Guide
The Director of Vendor Management is responsible for overseeing and optimizing relationships with third-party suppliers and service providers. This role involves strategic planning, contract negotiations, performance evaluations, and ensuring vendor compliance with company policies and industry regulations.

Key Responsibilities

  • Develop and implement vendor management strategies.
  • Negotiate contracts and agreements with vendors.
  • Monitor vendor performance and ensure compliance with service level agreements.

Top Skills for Success

Negotiation
Strategic Planning
Contract Management

Career Progression

Can Lead To
Senior Director of Vendor Management
VP of Supply Chain
Transition Opportunities
Operations Director
Procurement Director

Common Skill Gaps

Often Missing Skills
Data AnalyticsAdvanced IT Systems Knowledge
Development SuggestionsConsider enrolling in data analytics courses or obtaining certifications in supply chain management systems.

Salary & Demand

Median Salary Range
Entry Level$100,000 - $120,000
Mid Level$120,000 - $150,000
Senior Level$150,000 - $200,000
Growth Trend
The demand for Directors of Vendor Management is on the rise due to increased reliance on third-party services and the need for strategic supplier relationships.

Companies Hiring

Major Employers
AmazonMicrosoft
Industry Sectors
TechnologyRetail

Recommended Next Steps

1
Network with professionals in the supply chain management sector.
2
Enhance skills in contract negotiation through workshops and seminars.

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