Vendor Cost Specialist

Summary

The Vendor Cost Specialist maintains and updates accurate product costs and list price data in PIM (Product Information Management) systems by receiving and processing price update information from vendors. This role also resolves cost issues emailed to the Product Team box quickly and accurately.

Responsibilities

• Receive cost updates from vendors on an ongoing basis and apply updates to all matching products accurately and in a timely manner.
• Work with product line managers and vendors to resolve issues with products that don’t match vendor update files.
• Develop and maintain effective business relationships with vendors to facilitate communication and problem solving.
• Maintain and update the price book, updating web prices when costs are updated.
• Improve the cost‑update process to increase efficiency and align with changing business needs.
• Ensure accuracy of cost changes and list prices loaded into systems.
• Resolve cost issues emailed from sellers and service teams to the PDG box within 4 hours of receipt and communicate the resolution back to the sender.
• Lead larger projects involving the update of an entire vendor’s pricing in the company’s product catalog, including selecting vendors, obtaining pricing information, uploading data, and resolving individual cost/price issues.
• Collaborate with the pricing team to initiate ongoing communications to customer‑facing teams when a price change has been implemented.
• Other duties as assigned.

Qualifications

• High school diploma or equivalent required.
• 2+ years of experience maintaining data in a business‑to‑business environment (preferred).
• Ability to align goals with business objectives.
• Business acumen (basic understanding of finance, accounting, marketing, and operations).
• Experienced phone etiquette.
• Excellent interpersonal, oral, and written communication skills.
• Detail‑oriented, team player, organized, self‑starter, and self‑motivated.
• Intermediate computer skills, including Microsoft Excel; Access experience a plus.
• Ability to acquire working knowledge of PIM and the company ERP system.
• Ability to make value‑added recommendations.
• Ability to adjust easily to change, prioritize work, and meet deadlines.

Physical Requirements

Ability to safely and successfully perform essential job functions in accordance with ADA, FMLA, and other federal, state, and local standards, including meeting qualitative and/or quantitative productivity standards. Ability to maintain regular and timely attendance in accordance with applicable regulations.

Additional Information

This position requires applicants to be authorized to work in the United States without sponsorship; the employer does not sponsor work visas.