Sourcing Manager
2 weeks ago
Walmart is seeking a highly skilled Sourcing Manager to join our team. As a key member of our sourcing team, you will be responsible for developing and implementing comprehensive sourcing strategies to optimize GMV, profit, and market share.
Key Responsibilities- Build and manage private brand sourcing strategy and supplier matrix to support Every Day Low Prices strategy.
- Communicate with retail teams to align, arrange buy trips, and manage critical issues during the order execution process.
- Collaborate closely with cross-functional teams to ensure a smooth product development process from ideation to final production.
- Develop and maintain supplier relationships, including account management, project management, and factories.
- Conduct supplier assessments and formulate the supplier matrix for an assigned category.
- Collaborate cross-functionally with various business partners and suppliers to understand business needs and develop optimal solutions.
- Manage the oversight of sourcing and operational issues regarding costing and quality of Omni channel.
- Lead identified sourcing opportunities to ensure suppliers' capability.
- Guide partners and suppliers to ensure product quality, delivery, and price goals.
- Ensure follow-up of all sourcing activities with support teams and suppliers.
- Drive RFP/RFI/RFQ, negotiate price, and develop alternatives to achieve sourcing objectives.
- Identify and resolve pricing and factory issues with suppliers.
- Partner with Merchandise Quality Engineers on problems related to quality.
- Present sourcing solutions that mitigate risks while maintaining profitability.
- Understand supplier capabilities, capacity, and performance.
- Evaluate supplier performance, ensuring compliance with company standards and policies, and take corrective actions when necessary.
- Use in-depth understanding of should-be cost structure to provide cost-saving opportunities.
- Drive continuous improvement initiatives in cost, quality, and delivery performance, newness, innovation by collaborating with cross-functional teams to identify and implement best practices.
- Actively participate in order placement decisions.
- Lead sourcing initiatives/projects with cross-functional partners.
- Provide support to team members on sourcing activities.
- Continuously develop product and market knowledge and industry know-how to identify potential new suppliers and product opportunities.
- Help to collect market intelligence and share with related teams.
- Apply digitalization and new ways of working during sourcing activities.
- Optimize strategic sourcing and procurement processes.
- Analyze data by leveraging in-house and third-party platforms/tools to build data-backed proposals.
- Support broader Seasonal teams on sourcing initiatives in the North America region.
- Bachelor's degree in Business, Merchandising, Supply Chain, or related area.
- 3 years' experience in sourcing.
- Bilingual in English and one or more language used to transact business in assigned country.
- Project Management certification.
- Experience in retail, manufacturing, or sourcing.
- Experience working for a retailer, or major brand, importer/agent serving a major retail customer.
Walmart offers a competitive salary range of $70,000.00-$130,000.00, plus additional compensation including annual or quarterly performance bonuses. We also offer a range of benefits, including 401(k) match, stock purchase plan, paid maternity and parental leave, UNLIMITED PTO, multiple health plans, and more.
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