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Sourcing Manager with Retail Experience
1 month ago
Rate:
- $35-$46/hr (Based on Experience)
Location:
· Hybrid in San Diego- Onsite Tues, Wed, Thurs and WFH Mon & Friday
- 2-3 Interviews- Zoom Interview, On Site Interview
Hours: 8am- 5pm (no overtime)
6 Month Contract
Start ASAP
Job Description:
• Initiates and facilitates competitive bids, request for quotes (RFQs), negotiations, and resourcing activities to provide vendor matrix options that drive category growth, flexibility, speed to market and profitability.
• Develops and distributes financial models and reports to monitor and improve profitability and mitigate financial risk.
• Provides guidance on financial goals to cross-functional team members and others at start of new product development cycles.
• Develops and provides options on product costs to product development and design staff, and merchandising staff.
• Develops short- and long-term production and financial plans to support strategic business goals.
• Partners with inventory, merchandising and planning staff to align business needs with vendor capacity and ensure on-time and in-full delivery.
• Studies product roadmap, development strategy and innovation needs, and develops vendor matrix strategies to provide options that deliver on business goals.
• Evaluates vendors based on qualitative and quantitative data (e.g., performance, quality, pricing, service, etc.) and reviews data with the vendors and internal teams.
• Establishes goals for vendor improvement and matrix optimization.
• Performs analyses to allow for objective decision making, including total cost of ownership (TCO) opportunities.
• Manages vetting and onboarding of new vendors. Activities include: negotiating contract terms for new vendors, and supervising initial product development timing, cost engineering, test runs, and production to achieve on-time delivery.
• Partners with domestic and international transportation and logistics providers, and vendors to optimize freight costs for products.
• Researches, analyzes, monitors and reports on changes in macroeconomic conditions, cost component and raw material fluctuation, and industry trends.
• Recommends and implements strategies to take advantage of opportunities and mitigate operational and financial risk.
• Evaluates, designs, recommends and implements sourcing policies and business processes and systems to scale efficiently and drive value, sales, and profits.
• Identifies and drives sustainability initiatives within owned-brand products, supply chain, manufacturing practices and packaging.
• Travels domestically and internationally to visit and evaluate vendor production sites, and attends industry trade shows to identify, evaluate and build relationships with vendors.
• Provides supervision to assigned staff: includes activities such as hiring, counseling, guiding, training and delivery of disciplinary processes as required.
Required Skills and Qualifications
• Bachelor’s degree in business administration or related field; 5 years of progressive work experience in global sourcing or sourcing related roles, or an equivalent combination of education, related experience and or training.
• Ability and willingness to travel domestically and internationally.
• Leadership and management experience in private label sourcing and/or exclusive brands.
• Strong analytical skills and sense of curiosity, high sense of urgency, comfortable with ambiguity, polished influencing and negotiation skills, excellent communication and interpersonal/relationship-building skills.
Ideal candidate has 5-10 years experience sourcing in apparel, fashion, accessories, cpg, etc for retail brands.
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