Sourcing Manager
Mississauga, On, Ca
Worked in collaboration with Category Management teams to drive Private Brand sales penetration, market share, and ensured cost/profit optimization through managing and growing a product portfolio of assigned food and non-food grocery categories. • Improved existing Project Management skills to ensure rapid concept to execution of new product launches and product improvements such as resourcing, reformulations, packaging redesigns, etc. with an average timeline of 6-12 months. • Managed and optimized a Private Brand product portfolio of over 300 items which generate over $350 million in sales annually. • Built strong working relationships with a robust base of over 60 domestic and import suppliers as well as qualified and vetted over 40 new prospective suppliers. • Developed best in-class Sourcing and Procurement strategies and skills through growing the supplier base, fact-based negotiations, joint business planning with strategic suppliers, optimized product formulations, cost analytics, and a continuous focus on lowering costs without compromising on quality. • Developed and maintained optimal working relationships with Product Developers, Marketing, Design Agencies, Regulatory/Compliance, Supply Chain, and Quality.Key Accomplishments: • Grew Private Brand sales in my assigned categories by +16% (+$21M) in last 52 weeks period ending March 2019.• Exceeded annual cost reduction metrics of $3M annually by 10% through RFPs, fact-based negotiations, and cost analytics (commodities, freight, etc.).• Built a strategic 3-year Product Plan for my assigned categories through analyzing in-depth market performance and consumer insights/trends, Supplier Innovation Sessions, trade shows, etc.• Developed and launched over 70 new Great Value™ and Our Finest™ products which drove incremental sales in excess of $52M, increased market share, improved low price perception, exceeded average gross profit rates, and increased customer store basket size and loyalty.