Product Sourcing Specialist
4 weeks ago
We are seeking a highly skilled and experienced Product Sourcing & Vendor Negotiator to join our Supply Chain team at The Spice & Tea Exchange - Corporate. As a key member of our team, you will be responsible for negotiating and managing contracts with suppliers, assessing vendor performance, and identifying opportunities for continuous improvement.
Key Responsibilities:- Negotiate and manage contracts with suppliers across products, services, and supplies.
- Assess vendor performance and quality controls through vendor scorecards.
- Manage and resolve supplier escalations, issues, and concerns.
- Manage all aspects of pricing and margin expectations.
- Maintain a pulse on the vendor landscape, sourcing qualified suppliers, and identifying alternate sources to manage business risk.
- Outline sourcing strategies by category in collaboration with internal stakeholders.
- Identify opportunities to optimize vendor relations and/or continuous improvement opportunities.
- Conduct market studies to identify alternate vendors and understand market trends.
- Bachelor's Degree in Business Administration, Supply Chain Management, or similar.
- Minimum 5 years experience in Purchasing, Sourcing, Negotiating, RFQ process, and Vendor Management.
- Experience sourcing CPG such as accessories and consumables.
- Supply Chain experience and advanced negotiation skills.
- Microsoft Office experience, including Excel proficiency.
- Excellent analytical skills, follow-through, and proactive approach.
- Proficient planning and organizational skills.
- Proficient critical/creative thinking and problem-solving.
- Excellent people skills and verbal and written communication.
- Detail-oriented and ability to coordinate multiple tasks.
- Hybrid work arrangement with a minimum of 3 days per week in the office.
- Medical, dental, vision, and other ancillary benefits.
- 401k plan with company match.
- Flexible spending account for medical and/or dependent care.
- 100% company-paid Basic Life and AD&D insurance.
- Paid time off during the first year.
- Performance-based bonus.
- 7 paid holidays.
- Employee product discounts.
- Quarterly Create & Share program with free product gifts.
- Annual Holiday Bucks with access to personalized gifts.
The Spice & Tea Exchange - Corporate is an equal employment opportunity employer and prohibits discrimination and harassment of any type. We appreciate your understanding and look forward to supporting your needs within the scope of our commitment to compliance with the Americans with Disabilities Act (ADA) and other applicable laws.
This is a remote position.
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