Vendor Management Specialist

4 weeks ago

Burnsville, United States Northern Tool + Equipment Full time

Northern Tool + Equipment is seeking a talented Vendor Management Specialist to identify, research, negotiate and add new suppliers and products to our vast supplier base while working in partnership with merchants, vendor onboarding teams and Product Information Management (PIM) team to expand Direct fulfillment product assortment.


Key Responsibilities:

  1. Identify, analyze, and quantify opportunities with new and existing vendors and select items/vendors that meet identified criteria such as margin goals, payment terms and EDI compliance requirements.
  2. Research competitor websites and work with internal business teams to understand product assortment gaps and expansion opportunities.
  3. Negotiate and complete vendor agreements and ensure vendor adherence to required terms and scorecard.
  4. Ability to analyze various reports, synthesize information to draw conclusions and make recommendations regarding current vendors and new business opportunities to drive revenue.
  5. Develop strong working relationships with merchant teams to drive category and margin growth. Ability to create and foster collaboration and build rapport across an organization.
  6. Communicate new brand and product additions to internal teams.
  7. Maintains deadlines on deliverables and communicates on an ongoing basis with business partners about any issues.
  8. Works closely with vendor onboarding team and Product Information Management team to ensure items/vendors are set-up and published online supporting assortment expansion.
  9. Develop and refine processes and tools to efficiently expand Item and vendor base.


What you will bring to the table:

  • Bachelor’s degree in business, Merchandising, or related field preferred, or equivalent experience.
  • 1-2 years’ work experience in vendor management or related function preferred.
  • Ability to identify, analyze and quantify opportunities for assortment expansion.
  • Ability to make favorable impressions and build relationships working with vendors and internal stakeholders.
  • Retail, e-commerce, catalog experience and knowledge of tools preferred.
  • Knowledge of business intelligence tools including Power BI and MS Excel preferred.
  • Strong organizational skills and attention to detail required.
  • Strong analytical and problem-solving skills.
  • Ability to influence others and provide change management.
  • Ability to communicate effectively, both orally and in writing, with a wide variety of customers, vendors, company personnel and others.
  • Demonstrates Northern Tool + Equipment’s 12 Core Competencies.


About Us

At Northern Tool + Equipment we’ve created a problem-solver’s paradise. A place where both pros who need the perfect tool to expertly finish the job, and do-it-yourselfers, who are looking for the right tool along with a bit of guidance, feel right at home. Our blueprint for success is Made for This. We’re poised to create a world-class customer experience while we strive to enter new markets and drive growth through exceptional customer insight. The plan is well on its way to resounding success, with over 130 retail stores across 24 states, plus a selection of products from the top national brands, and the addition of global manufacturing operations designed to create our own specialized tools and equipment. We’ve always had a way of either seeing what’s next, or defining it, but we need great people to grow along with us. We're looking for people who have the mindset of putting the customer first; team members who are ready to equip every problem solver who walks through our doors with the right tools and advice to tackle the tough jobs well; and individuals who are ready to help us boldly build what’s next.


Recently recognized by Forbes as a Top Midsize Employer in 2023, we proudly offer:

• A comprehensive benefits package to cover healthcare, retirement, and wellness programs to help you be your best self financially and physically.

• Generous Employee Discount on the products we sell.

• Daily Pay: Have the flexibility to be paid daily

• 401K with employer match

• Holidays off NTE recognizes 7 federal holidays.

• Hybrid work schedule.

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