Sourcing Coordinator
Current- Lead sourcing initiatives and managed supplier relationships in alignment with company objectives. Directly reported to the Vice President and CEO, providing regular updates on procurement strategies and performance metrics.- Play a key role in training and developing team members to enhance their skills and contribute to the overall success of the sourcing department. - Lead cross-functional teams to ensure markup goals were met without compromising the quality of goods. - Conduct weekly meetings with marketing, product development, brand management teams to align on product strategies and goals.Work closely with the president on a weekly basis to ensure goals are met on high-profile programs.- Analyze projections, raw materials, and solution quantities, leveraging market insights to refine negotiating strategies and improve overall sourcing efficiency.- Analyze foreign exchange rates and leverage negotiations based on market trends and the company’s sourcing strategy and projections.- Drive maximum profits by overseeing and approving final product placement with senior management.- Meet with new vendors, evaluating compatibility with USA Legwear through costing and development exercises.- Educate vendors on product lines and assisted in altering tech packs to achieve markup percentage goals.- Develop and implemented negotiating processes to reduce costs while maintaining strong relationships with overseas vendors.- Communicate with a portfolio of vendors to achieve internal markup goals without compromising product quality or brand integrity.- Ensure adherence to factory compliance standards, implementing measures to meet regulatory requirements and ethical sourcing practices.- Orchestrate day-to-day operations, managing negotiations, strategic planning, product development, design/sales direction, factory compliance, and final factory allocations to optimize profit margins.