Avg. Base Salary (USD)
The average salary for a Vendor Relationship Manager is $70,012
What is the Pay by Experience Level for Vendor Relationship Managers?
An entry-level Vendor Relationship Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $51,697 based on 12 salaries. An early career Vendor Relationship Manager with 1-4 years of experience earns an average total compensation of $59,749 based on …Read more
What Do Vendor Relationship Managers Do?
Vendor relationship manager positions are found in a wide variety of industries and businesses, ranging from financial institutions to manufacturers. Most companies maintain some form of vendor relationships that can be essential to their business, and they generally look to hire vendor relationship managers with substantial experience and knowledge of the field; in many cases, this requires experience or a background specific to the company's industry. Most positions also require that …Read more
- Manage the procurement of vendor services, selection of vendors, review, and contract approval.
- Manage vendor analysts and clerical staff.
- Find and negotiate pricing with external service providers.