Sourcing Manager (New York)

Position Summary

Work in effort to optimize sourcing procedures and to attain maximum efficiency for the best quality products at the lowest cost possible. Also act as a sound advisor of product development and production recommendations based on established Sourcing strategy and financial metrics.

Duties and Responsibilities

List the primary job duties and responsibilities.

• Globally source vendors / manufacturers across all countries. Identify new sources for products by meeting vendors and reviewing their capabilities. Maintain and update GMCs vendor matrix.
• The need for clear understanding of seasonal strategies and staying abreast of Global market conditions and macro trends.
• Negotiate and finalize pricing with all vendors to meet companys desired target costs with the quality and standard required, as well as comply with the standard rules and regulations.
• Maximize gross margin opportunities through product and packaging re-engineering, alternative packaging locations (PDQ assembly in US v / s factory), in partnership with product development
• Review and vet costs prior to presentation to SVP of Production.
• Establish / maintain cost folio within approved vendor matrix.
• Work closely with Product Development, Design, Marketing & Production Team to execute the sourcing strategy developed with SVP of Production that will optimize speed, cost savings and best product.
• Responsible for working with Merchandise Team to provide cost estimates / development options at initial review to meet targets / margin goals at customer level incorporating royalties, packouts, and customer loads
• Allocate against vendor capability and global supply chain strategy.
• Allocate development and sales samples in partnership with PD based on cost targets, fabric source and vendor capability.
• Participate in brand line review / proto reviews / SMS reviews / adoption & line finalization meetings.
• Direct product efforts towards any special initiative / new product launches / packaging initiatives.
• Review products to ensure requested changes are achievable within sourcing / costing requirements.
• Participate and involved in Calendar Management.
• Maximize cross-functional team effectiveness; build relationship through effective collaboration that contributes to a high performing team; participate as a solution-oriented team member.
• International travels to establish partnership and build relationship with international vendors / agents.
• Partner with Compliance & Testing Team on factories compliance statuss and approvals.
• Partner with Imports Team on Duty updates.
• Monitor Cost Logs for Full Packaged and / or Trims
• Monitor seasonal data for historical to review and analyze
• Managed & develop direct reports to ensure accomplishments of deliverables & deadlines.
• Handle and maintain costing on Packaging and Co-Packing costing for all Retailers.

Additional skills :

Qualification :