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Sourcing Specialist

Company: Displays2go
Location: Fall River
Posted on: November 27, 2019

Job Description:

At Displays2go, our products are designed to provide the most effective, easy-to-use display and merchandising solutions for businesses at any stage in their life cycle. It's our mission to help each customer connect with the world and build their brand with products that are personalized to their needs. JOB DESCRIPTION: The Sourcing Specialist, reporting to the Sourcing Manager, is responsible for supporting Sourcing and Classification strategies, achieving margin goals and maintaining project timelines. The Sourcing Specialist will manage supplier relationships and interact effectively with the Merchandising Director, Product Development, Marketing, Engineering, Manufacturing, Logistics, and Quality teams. PRIMARY DUTIES AND RESPONSIBILITIES

  • Assist with developing sourcing strategies that meet company goals and objectives
  • Research, analyze and evaluate prospective vendors/suppliers identifying their core competencies and business terms.
  • Assist in the selection of vendors that meet our sourcing goals and objectives which include meeting target costs, quality guidelines, minimums, lead times, compliance regulations etc.
  • Support Sourcing Manager in:
  • Creating and maintaining potential new vendor/supplier listing
  • Evaluating quotations and providing options to meet targets
  • Selecting suppliers with the Sourcing Manager
  • Coordinate the approval sample process and initiate Draft orders on initial orders
  • Provide analysis of supplier performance to better assess supply risks
  • Create and maintain overall costing/margin reporting tools for assigned classes of business * Work with Product Dev to understand product requirements and communicate these requirements to the vendors
  • Drive product costing strategies to help Product Dev hit margin targets while maintaining quality specifications
  • Work with the Product Dev and Marketing teams to ensure sufficient capacity at each vendor
  • Develop negotiation strategies that meet business objectives and achieve sustainable relationships with suppliers, which includes periodic rebidding to insure our costs remain competitive
  • Coordinate product approval process from sampling including product packaging and assembly instructions working with Product Dev and Engineering
  • Work collaboratively with vendors and coworkers to identify and execute continuous cost and performance improvement strategies
  • Work with the Quality Assurance team to monitor quality, and as issues arise, investigate the root cause and provide for proper and timely resolution
  • Gain working knowledge of best practices regarding Product packaging, Assembly instructions, Compliance regulations, and HTS codes for assigned classes.
  • Support projects and cost savings initiatives based on specification or supplier changes SKILLS
    • Ability to work well in a cross functional team
    • Strong communicator with the ability to influence and negotiate with others
    • Strong problem-solving and analytical skills
    • Excellent organizational skills and strong attention to detail and accuracy
    • Ability to perform with a high level of accountability and leadership with proven capabilities executing strategy
    • Strong understanding of vendor performance management, along with product development and production.
    • Have sense of urgency in managing time and accomplishing tasks, self-motivated with outstanding initiative and proven success with meeting deadlines.
    • Knowledge of business culture, cost factors and major risks primarily in China and India
    • Ability to travel 15-20% EDUCATION AND EXPERIENCE
      • A./B.S. in Supply Chain, Engineering, Business Administration or similar degree required
      • 2+ years of experience in sourcing/logistics/procurement/supply chain strongly preferred
      • Experience with supplier negotiation on cost and contract terms strongly preferred
      • Understanding of SWOT, gap analysis and total cost sourcing preferred
      • Proficiency in MS Office (Especially Excel) required; ERP experience strongly preferred; Photoshop experience preferred

Keywords: Displays2go, Fall River , Sourcing Specialist, Other , Fall River, Massachusetts

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