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How can I become a successful vendor manager?

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Question added by Ali Sayyed , Accountant , Cairo Bank
Date Posted: 2013/06/16
Padmakar Pednekar
by Padmakar Pednekar , Supply Chain Operations Manager , Atlas Group

Remember market fluctuates from "Buyer's to Seller's market" and thus keep it simple with fairplay and following the ethics.
Hone your communication skills by being grounded and also a good listener.

Mohamed Yousuf
by Mohamed Yousuf , Purchase Manager , Majan Printing & Packaging Company LLC

In today’s fast track business world, an employer refuses to reward employee for yesterday’s skills.
They want their purchasing professionals to use the most modern skills and achieve unprecedented result with better operational performance, reduce risk and to focus more in maximum saving.
In most of the organisation, senior management expects today’s purchasing professional to procure through good inventory management efforts.
This will reduce carrying costs.
It means keep in stock what is truly needed.
No more, no less.
Good inventory management also means to understand organisation’s needs and making decisions such that don’t unnecessarily limit the ability to maintain a healthy cash flow.

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