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Job Description
Commercial Executive is hired to manage vendor activities and maintain both new and existing vendor relationships. They identify suitable vendors, negotiate with vendors to secure the best prices & Promotional campaigns for products and services, and ensure that vendors fulfill their contractual obligations.
Commercial Executive Responsibilities:
- Developing and sustaining long-standing relationships with company-approved vendors.
- Meeting with suitable vendors to assess their products, inquire about their services, and negotiate to price communicate any product or service-related concerns.
- Conduct research on available vendors to determine which vendors offer the best pricing and product quality.
- Continually monitor sales trends to determine which products are more popular than others.
- Implementing vendor selection programs to ensure that the best vendors are secured.
- Conducting interviews with new vendors and informing approved vendors of their responsibilities and obligations.
- Establishing vendor standards by which to assess the performance of approved vendors or Cancel contracts with vendors that are no longer needed.
- Evaluating current vendor management programs and identifying ways to improve them.
Daily Duties:
- Find Vendors: Vendor managers research vendors to find the best products and prices available within a given market.
- Establish Standards: Vendor managers establish standards and guidelines for vendors, monitoring vendors to ensure these policies are being followed.
- Hire New Vendors: Vendor managers conduct interviews and meetings with new vendors.
- Negotiate Contracts: Vendor managers negotiate new and existing vendor contracts.
- Cultivate Relationships: Vendor managers cultivate and maintain relationships with vendors by communicating with them frequently to answer questions and check their satisfaction levels
- Monitor Sales Trends: Vendor managers monitor sales trends, noting which items are selling faster than others, and write reports displaying this data.
Job Requirements
Commercial Executive Qualifications:
- Bachelor's degree in dental, medicine, Science, or veterinary
- Proven experience working as a Commercial Executive.
- Proficient in all Microsoft Office applications.
- The ability to travel for work.
- The ability to multitask effectively.
- Must be able to work independently
- Strong negotiation, management, and decision-making skills.
- Excellent analytical, problem-solving, and organizational skills.
- Effective written and verbal communication skills.
