Purchasing & Procurement Manager

Brief Summary: As the Purchasing/Procurement Manager, you work with leadership to develop the procurement and purchasing business strategy for the company. You are responsible for developing and executing the procurement processes and procedures to maintain appropriate stocking levels. You study sales trends within the company and our competition to evaluate potential new products. You manage the product launch process for the purchasing team to ensure deadlines are met. Partnering with our CFO, you ensure buying is within the Open to Buy and product category budgets. You ensure accurate inventory and stocking levels.

Essential Functions:

• Procurement Strategy
• Work with leadership to develop procurement and planning business strategy.
• Aggressively negotiate and pursue cost savings opportunities with suppliers and manufacturers.
• Develop organizational capacity through improved programs, policies, and systems
• Develop and maintain strong relationships with vendors and ensure EDI vendor compliance. o Develop inventory controls to identify demand for new materials.
• Optimize allocation strategy across all locations (e-commerce and retail stores).
• Work within the framework of the company's defined rules, procedures, goals and directives.
• Purchasing Logistics
• Maintain Open to Buy, reviewing weekly with Finance. Ensure plans align with company-wide goals and manage the reconciliation on a regular basis.
• Track progress of inventory level targets and adjust plans as needed. o Evaluate appropriate stocking levels per product collection and maintain defined inventory levels.
• Manage inventory levels efficiently (including Value Centers, Dropped, and Pre-Dropped)
• Ensure timely delivery of materials.
• Estimate, negotiate, and manage budgets.
• Department Management
• Manage and develop the purchasing team
• Implement excellent process discipline and technology systems to produce efficiency.
• Work with multiple groups such as marketing, sample production, and finance to ensure full department support on all product launches.
• Product Selection
• Partner with Product Development team to develop and manage a comprehensive product discontinuation process.
• Set weekly markdown and transfer targets to optimize inventory across all channels.
• Analytics & Reporting
• Deliver weekly business reports and forecasting that offer fact-based summaries of previous performance and profitability that will facilitate decision-making.
• Develop regional MSRP pricing plans by studying competitor pricing and trends in various markets.
• Evaluate and analyze sales performance of all product categories
• All other duties as assigned

Knowledge, Skills and Experience:

Required:

• 10+ years of Purchasing/Procurement and/or supply chain roles of increasing scope, complexity and leadership responsibility
• Bachelor's degree, preferably in related field or equivalent work experience
• Strong financial background with advanced in-depth knowledge of Excel and/or PowerBI
• Effective business planning, project management, problem solving, negotiation skills, and financial analysis
• Excellent communication and strong collaboration skills
• Detail oriented and deadline focused

Supervisory Responsibility

Supervising a team of 8 individuals.

Work Environment:

Well-lit, heated and/or air-conditioned indoor office setting with adequate ventilation