Vendor Cost Specialist

TestEquity LLC; Houston (TX); On-site; USD 55,000 - 75,000; Full time

Job summary

TestEquity LLC is seeking a Vendor Cost Specialist to maintain product costs and price data in our PIM system. You will process vendor price updates, ensure accuracy across all matching products, and resolve pricing issues quickly.

The role requires collaboration with product line managers and vendors to align costs with market changes. The ideal candidate has 2+ years in data maintenance within a B2B setting, strong communication skills, and solid Excel proficiency.

Qualifications

• High school diploma or equivalent is required.
• 2+ years' experience maintaining data in a business-to-business environment is preferred.
• Strong business acumen and understanding of finance, accounting, marketing, and operations.

Responsibilities

• Receive cost updates from vendors and apply updates to matching products accurately and timely.
• Resolve vendor and product pricing issues and communicate resolutions within 4 hours when received.
• Develop and maintain vendor relationships to facilitate pricing communications and problem solving.
• Maintain and update the price book and web prices as costs change.
• Assist with larger vendor pricing projects across the product catalog and coordinate with pricing teams.

Skills

Communication skills

Detail oriented

Organized

Self-motivated

Time management

PIM knowledge

Education

High school diploma or equivalent

Tools

Microsoft Excel

Access

Job description

Summary/Purpose of the Position

The Vendor Cost Specialist maintains and updates accurate product costs and lists 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.

Essential Duties, Functions and/or Responsibilities

• Receive cost updates from vendors on an ongoing basis, 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 improve efficiency and align with changing business needs
• Ensures 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; Communicate resolution back to sender
• Work larger projects involved with updating an entire vendor's pricing in the Company's Product Catalog. Tasks could include selecting vendors to work on, reaching out to vendors for pricing information, uploading data, resolving individual cost/price issues with products
• Work with the pricing team to initiate ongoing communications to customer- facing teams when a price change has been implemented
• Other duties as assigned

Education and/or Work Experience Requirements

• High school diploma, or equivalent required
• 2+ years' experience maintaining data in a business-to-business environment is preferred
• Able to align goals with business objectives
• Business Acumen (basic understanding of finance, accounting, marketing, and operations)
• Experienced phone etiquette
• Excellent interpersonal, oral, and written communications skills
• Detail-oriented, team player, organized, self-starter, and self-motivated
• Intermediate computer skills, including Microsoft Excel; Access experience a plus
• Detail oriented, self-directed, organized, and efficient at time management
• Focused on results rather than activities
• Able to acquire working knowledge of PIM and company ERP System
• Able to make value-added recommendations
• Able to adjust easily to change, prioritize work, and meet deadlines

Physical Requirements

• Ability to safely and successfully perform essential job functions in accordance with the 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 the ADA, FMLA, and other federal, state, and local regulations.

This position requires applicants to be authorized to work in the US without sponsorship; TestEquity does not sponsor applicants for work visas.

TestEquity provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.