Avg. Base Salary (EUR)
The average salary for a Vendor Manager is €64,341
What is the Pay by Experience Level for Vendor Managers?
An early career Vendor Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of €63,000 based on 6 salaries. An experienced Vendor Manager with 10-19 years of experience earns an average total compensation of €66,000 based on 9 salaries.
What Do Vendor Managers Do?
A vendor manager oversees the relationship between their business and its vendors (or suppliers). They manage these relationships from the start of the contract through the sales process and after, when a financial analysis may be of strategic assistance. These professionals must provide analyses to their organization on vendors, oversee costs, and ensure the terms of contracts are followed by all parties. They should also be able to identify trends related to product needs for their employer. …Read more
- Manage company relationships with vendors, making sure contract terms are fulfilled and mitigating vendor risk.
- Create sales partnerships with vendors which benefit both parties.
- Identify potential vendors and conduct research to determine who offers the best products, prices, and services.
- Coordinate vendors to develop efficient supply chain strategies.